VAN BOGAERT - VONCK: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VAN BOGAERT - VONCK
Largest movements
- Cash +€5,529
up €5,529 (+9.8%), from €56,674 to €62,203
mainly Net result for the year (+€5,971) and Tax, wage and social debts (+€1,370)
- Receivables within one year +€2,441
up €2,441 (+97.1%), from €2,513 to €4,953
- Tangible fixed assets -€1,030
down €1,030 (-48.5%), from €2,127 to €1,096
- Profit (loss) carried forward +€5,971
up €5,971 (+48.5%), from €12,322 to €18,293
- Tax, wage and social debts +€1,370
up €1,370 (+1,032%), from €133 to €1,502
- Gross operating margin -€5,136
down €5,136 (-35.9%), from €14,300 to €9,165
- Taxes +€1,140
new in 2025: €1,140
- Depreciation +€208
up €208 (+25.2%), from €823 to €1,030
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,313 | €68,654 | +€7,341 | +12.0% |
| Fixed assets | 21/28 | €2,127 | €1,096 | -€1,030 | -48.5% |
| Tangible fixed assets | 22/27 | €2,127 | €1,096 | -€1,030 | -48.5% |
| Plant, machinery and equipment | 23 | €2,127 | €1,096 | -€1,030 | -48.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €59,187 | €67,558 | +€8,372 | +14.1% |
| Amounts receivable within one year | 40/41 | €2,513 | €4,953 | +€2,441 | +97.1% |
| Trade receivables | 40 | €2,513 | €4,953 | +€2,441 | +97.1% |
| Cash at bank and in hand | 54/58 | €56,674 | €62,203 | +€5,529 | +9.8% |
| Deferred charges and accrued income | 490/1 | €0 | €402 | +€402 | |
| Total equity and liabilities | 10/49 | €61,313 | €68,654 | +€7,341 | +12.0% |
| Equity | 10/15 | €61,181 | €67,152 | +€5,971 | +9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,259 | €30,259 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €28,399 | €28,399 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,322 | €18,293 | +€5,971 | +48.5% |
| Amounts payable | 17/49 | €133 | €1,502 | +€1,370 | +1,032% |
| Amounts payable within one year | 42/48 | €133 | €1,502 | +€1,370 | +1,032% |
| Taxes, remuneration and social security | 45 | €133 | €1,502 | +€1,370 | +1,032% |
| Taxes | 450/3 | €133 | €1,502 | +€1,370 | +1,032% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €823 | €1,030 | +€208 | +25.2% |
| Other operating charges | 640/8 | €1,006 | €963 | -€43 | -4.3% |
| Gross operating margin | 9900 | €14,300 | €9,165 | -€5,136 | -35.9% |
| Operating profit (loss) | 9901 | €12,472 | €7,172 | -€5,300 | -42.5% |
| Financial charges | 65/66B | €150 | €60 | -€90 | -60.0% |
| Recurring financial charges | 65 | €150 | €60 | -€90 | -60.0% |
| Profit (loss) for the period before taxes | 9903 | €12,322 | €7,112 | -€5,210 | -42.3% |
| Income taxes | 67/77 | - | €1,140 | +€1,140 | |
| Profit (loss) for the period | 9904 | €12,322 | €5,971 | -€6,350 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,322 | €5,971 | -€6,350 | -51.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.