VAN-NGUYEN: 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-NGUYEN
Largest movements
- Receivables within one year -€17,863
down €17,863 (-17.6%), from €101,608 to €83,745
- Tangible fixed assets -€17,571
down €17,571 (-54.1%), from €32,478 to €14,907
of which Furniture and vehicles: -€15,158
- Deferred charges and accrued income -€2,727
down €2,727 (-90.3%), from €3,021 to €293
- Profit (loss) carried forward -€23,928
down €23,928 (-28.0%), from €85,400 to €61,473
- Debts after one year -€10,478
down €10,478 (-52.9%), from €19,791 to €9,313
- Tax, wage and social debts -€7,665
down €7,665 (-60.1%), from €12,759 to €5,093
of which Taxes: -€9,465
- Trade debts +€5,048
up €5,048 (+1,099%), from €459 to €5,508
- Current portion of long-term debt -€2,661
down €2,661 (-20.3%), from €13,139 to €10,478
- Gross operating margin -€18,235
down €18,235, from €15,951 to -€2,284
- Taxes -€2,559
down €2,559 (-91.0%), from €2,812 to €253
- Financial charges -€851
down €851 (-49.4%), from €1,722 to €871
- Other operating charges +€208
up €208 (+18.1%), from €1,151 to €1,359
- Depreciation -€170
down €170 (-1.0%), from €17,664 to €17,494
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 | €139,608 | €101,091 | -€38,517 | -27.6% |
| Fixed assets | 21/28 | €32,478 | €14,907 | -€17,571 | -54.1% |
| Tangible fixed assets | 22/27 | €32,478 | €14,907 | -€17,571 | -54.1% |
| Land and buildings | 22 | €14,482 | - | -€14,482 | |
| Furniture and vehicles | 24 | €17,997 | €2,839 | -€15,158 | -84.2% |
| Other tangible fixed assets | 26 | - | €12,068 | +€12,068 | |
| Current assets | 29/58 | €107,129 | €86,184 | -€20,946 | -19.6% |
| Amounts receivable within one year | 40/41 | €101,608 | €83,745 | -€17,863 | -17.6% |
| Other amounts receivable | 41 | €101,608 | €83,745 | -€17,863 | -17.6% |
| Cash at bank and in hand | 54/58 | €2,500 | €2,145 | -€356 | -14.2% |
| Deferred charges and accrued income | 490/1 | €3,021 | €293 | -€2,727 | -90.3% |
| Total equity and liabilities | 10/49 | €139,608 | €101,091 | -€38,517 | -27.6% |
| Equity | 10/15 | €93,460 | €69,533 | -€23,928 | -25.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,400 | €61,473 | -€23,928 | -28.0% |
| Amounts payable | 17/49 | €46,147 | €31,558 | -€14,589 | -31.6% |
| Amounts payable after more than one year | 17 | €19,791 | €9,313 | -€10,478 | -52.9% |
| Financial debts | 170/4 | €19,791 | €9,313 | -€10,478 | -52.9% |
| Amounts payable within one year | 42/48 | €26,357 | €22,245 | -€4,111 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €13,139 | €10,478 | -€2,661 | -20.3% |
| Trade debts | 44 | €459 | €5,508 | +€5,048 | +1,099% |
| Suppliers | 440/4 | €459 | €5,508 | +€5,048 | +1,099% |
| Taxes, remuneration and social security | 45 | €12,759 | €5,093 | -€7,665 | -60.1% |
| Taxes | 450/3 | €12,759 | €3,293 | -€9,465 | -74.2% |
| Remuneration and social security | 454/9 | - | €1,800 | +€1,800 | |
| Other amounts payable | 47/48 | - | €1,166 | +€1,166 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,664 | €17,494 | -€170 | -1.0% |
| Other operating charges | 640/8 | €1,151 | €1,359 | +€208 | +18.1% |
| Gross operating margin | 9900 | €15,951 | -€2,284 | -€18,235 | |
| Operating profit (loss) | 9901 | -€2,864 | -€21,137 | -€18,273 | -638% |
| Financial income | 75/76B | €110 | - | -€110 | |
| Recurring financial income | 75 | €110 | - | -€110 | |
| Financial charges | 65/66B | €1,722 | €871 | -€851 | -49.4% |
| Recurring financial charges | 65 | €1,722 | €871 | -€851 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,476 | -€22,008 | -€17,532 | -392% |
| Income taxes | 67/77 | €2,812 | €253 | -€2,559 | -91.0% |
| Profit (loss) for the period | 9904 | -€7,288 | -€22,262 | -€14,973 | -205% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,288 | -€22,262 | -€14,973 | -205% |
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 19 October 2026 via checked.be.