VAN'EGG: 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'EGG
Largest movements
- Cash +€26,287
up €26,287 (+289%), from €9,082 to €35,369
mainly Trade debts (+€20,174) and Net result for the year (+€17,040)
- Intangible fixed assets -€10,000
down €10,000 (-33.3%), from €30,000 to €20,000
- Receivables within one year +€7,096
up €7,096 (+19.8%), from €35,827 to €42,923
of which Trade receivables: +€4,865
- Tangible fixed assets -€1,009
down €1,009 (-61.8%), from €1,633 to €624
- Trade debts +€20,174
up €20,174 (+80.0%), from €25,216 to €45,390
- Profit (loss) carried forward +€17,040
up €17,040 (+35.6%), from -€47,822 to -€30,782
- Debts after one year -€10,316
down €10,316 (-26.6%), from €38,735 to €28,419
- Tax, wage and social debts -€3,285
down €3,285 (-36.8%), from €8,919 to €5,633
- Other debts -€1,405
down €1,405 (-4.1%), from €34,469 to €33,064
- Gross operating margin +€27,510
up €27,510 (+538%), from €5,113 to €32,622
- Taxes +€2,896
up €2,896 (+2,262%), from €128 to €3,024
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 | €76,965 | €99,291 | +€22,326 | +29.0% |
| Fixed assets | 21/28 | €31,633 | €20,624 | -€11,009 | -34.8% |
| Intangible fixed assets | 21 | €30,000 | €20,000 | -€10,000 | -33.3% |
| Tangible fixed assets | 22/27 | €1,633 | €624 | -€1,009 | -61.8% |
| Furniture and vehicles | 24 | €1,633 | €624 | -€1,009 | -61.8% |
| Current assets | 29/58 | €45,332 | €78,668 | +€33,335 | +73.5% |
| Amounts receivable within one year | 40/41 | €35,827 | €42,923 | +€7,096 | +19.8% |
| Trade receivables | 40 | €35,755 | €40,620 | +€4,865 | +13.6% |
| Other amounts receivable | 41 | €72 | €2,303 | +€2,231 | +3,098% |
| Cash at bank and in hand | 54/58 | €9,082 | €35,369 | +€26,287 | +289% |
| Deferred charges and accrued income | 490/1 | €423 | €376 | -€47 | -11.2% |
| Total equity and liabilities | 10/49 | €76,965 | €99,291 | +€22,326 | +29.0% |
| Equity | 10/15 | -€41,622 | -€24,582 | +€17,040 | +40.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,822 | -€30,782 | +€17,040 | +35.6% |
| Amounts payable | 17/49 | €118,587 | €123,874 | +€5,286 | +4.5% |
| Amounts payable after more than one year | 17 | €38,735 | €28,419 | -€10,316 | -26.6% |
| Financial debts | 170/4 | €38,735 | €28,419 | -€10,316 | -26.6% |
| Amounts payable within one year | 42/48 | €78,942 | €94,545 | +€15,602 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €10,135 | €10,316 | +€181 | +1.8% |
| Financial debts | 43 | €203 | €142 | -€61 | -30.2% |
| Credit institutions | 430/8 | €203 | €142 | -€61 | -30.2% |
| Trade debts | 44 | €25,216 | €45,390 | +€20,174 | +80.0% |
| Suppliers | 440/4 | €25,216 | €45,390 | +€20,174 | +80.0% |
| Taxes, remuneration and social security | 45 | €8,919 | €5,633 | -€3,285 | -36.8% |
| Taxes | 450/3 | €8,919 | €5,633 | -€3,285 | -36.8% |
| Other amounts payable | 47/48 | €34,469 | €33,064 | -€1,405 | -4.1% |
| Accrued charges and deferred income | 492/3 | €910 | €910 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,878 | €11,009 | +€131 | +1.2% |
| Other operating charges | 640/8 | €225 | €150 | -€75 | -33.3% |
| Gross operating margin | 9900 | €5,113 | €32,622 | +€27,510 | +538% |
| Operating profit (loss) | 9901 | -€5,991 | €21,463 | +€27,454 | |
| Financial income | 75/76B | - | €326 | +€326 | |
| Recurring financial income | 75 | - | €326 | +€326 | |
| Financial charges | 65/66B | €1,494 | €1,725 | +€231 | +15.5% |
| Recurring financial charges | 65 | €1,494 | €1,725 | +€231 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,485 | €20,064 | +€27,548 | |
| Income taxes | 67/77 | €128 | €3,024 | +€2,896 | +2,262% |
| Profit (loss) for the period | 9904 | -€7,613 | €17,040 | +€24,652 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,613 | €17,040 | +€24,652 |
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 14 October 2026 via checked.be.