VANBOGBA: 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.
VANBOGBA
Largest movements
- Cash -€48,114
down €48,114 (-26.1%), from €184,578 to €136,464
mainly Contributions, distributions and other (-€114,536) and Investment in fixed assets (net) (-€5,909)
- Tangible fixed assets +€3,866
up €3,866 (+442.2%), from €874 to €4,741
of which Plant, machinery and equipment: +€4,196
- Profit (loss) carried forward -€42,248
down €42,248 (-23.3%), from €181,288 to €139,040
- Tax, wage and social debts -€3,035
down €3,035 (-21.9%), from €13,827 to €10,793
of which Taxes: -€3,235
- Gross operating margin +€6,801
up €6,801 (+7.3%), from €93,157 to €99,958
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.
Cash bridge derived
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 | €216,519 | €171,335 | -€45,184 | -20.9% |
| Fixed assets | 21/28 | €874 | €4,741 | +€3,866 | +442.2% |
| Tangible fixed assets | 22/27 | €874 | €4,741 | +€3,866 | +442.2% |
| Plant, machinery and equipment | 23 | €520 | €4,716 | +€4,196 | +807.8% |
| Furniture and vehicles | 24 | €355 | €25 | -€330 | -93.1% |
| Current assets | 29/58 | €215,645 | €166,594 | -€49,050 | -22.7% |
| Amounts receivable within one year | 40/41 | €29,494 | €30,131 | +€637 | +2.2% |
| Trade receivables | 40 | €29,494 | €29,887 | +€393 | +1.3% |
| Other amounts receivable | 41 | - | €244 | +€244 | |
| Cash at bank and in hand | 54/58 | €184,578 | €136,464 | -€48,114 | -26.1% |
| Deferred charges and accrued income | 490/1 | €1,573 | - | -€1,573 | |
| Total equity and liabilities | 10/49 | €216,519 | €171,335 | -€45,184 | -20.9% |
| Equity | 10/15 | €201,693 | €159,445 | -€42,248 | -20.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €181,288 | €139,040 | -€42,248 | -23.3% |
| Amounts payable | 17/49 | €14,826 | €11,890 | -€2,936 | -19.8% |
| Amounts payable within one year | 42/48 | €14,826 | €11,890 | -€2,936 | -19.8% |
| Taxes, remuneration and social security | 45 | €13,827 | €10,793 | -€3,035 | -21.9% |
| Taxes | 450/3 | €12,177 | €8,943 | -€3,235 | -26.6% |
| Remuneration and social security | 454/9 | €1,650 | €1,850 | +€200 | +12.1% |
| Other amounts payable | 47/48 | €999 | €1,098 | +€99 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,694 | €2,043 | +€349 | +20.6% |
| Other operating charges | 640/8 | €651 | €817 | +€166 | +25.5% |
| Gross operating margin | 9900 | €93,157 | €99,958 | +€6,801 | +7.3% |
| Operating profit (loss) | 9901 | €90,812 | €97,098 | +€6,286 | +6.9% |
| Financial charges | 65/66B | €56 | €54 | -€2 | -2.9% |
| Recurring financial charges | 65 | €56 | €54 | -€2 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €90,756 | €97,044 | +€6,288 | +6.9% |
| Income taxes | 67/77 | €24,004 | €24,756 | +€752 | +3.1% |
| Profit (loss) for the period | 9904 | €66,752 | €72,288 | +€5,536 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,752 | €72,288 | +€5,536 | +8.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.