VANBUG BUSINESS MANAGEMENT: 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.
VANBUG BUSINESS MANAGEMENT
Largest movements
- Cash +€58,135
up €58,135 (+93.8%), from €61,972 to €120,106
mainly Net result for the year (+€101,128) and Other debts (+€34,000)
- Current investments -€25,000
no longer reported in 2025 (was €25,000)
- Tangible fixed assets +€4,020
new in 2025: €4,020
- Other debts +€34,000
up €34,000 (+50.0%), from €68,000 to €102,000
- Profit (loss) carried forward -€18,872
down €18,872 (-99.1%), from €19,050 to €178
- Trade debts +€15,538
up €15,538 (+1,784%), from €871 to €16,408
- Tax, wage and social debts +€6,072
up €6,072 (+24.7%), from €24,578 to €30,651
of which Taxes: +€4,072
- Gross operating margin +€19,737
up €19,737 (+18.0%), from €109,377 to €129,114
- Taxes +€4,331
up €4,331 (+18.5%), from €23,430 to €27,761
- Financial income -€1,727
down €1,727 (-70.3%), from €2,457 to €730
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 | €118,149 | €155,537 | +€37,388 | +31.6% |
| Fixed assets | 21/28 | - | €4,020 | +€4,020 | |
| Tangible fixed assets | 22/27 | - | €4,020 | +€4,020 | |
| Furniture and vehicles | 24 | - | €4,020 | +€4,020 | |
| Current assets | 29/58 | €118,149 | €151,517 | +€33,368 | +28.2% |
| Amounts receivable within one year | 40/41 | €31,177 | €31,410 | +€233 | +0.7% |
| Trade receivables | 40 | €31,177 | €31,410 | +€233 | +0.7% |
| Current investments | 50/53 | €25,000 | - | -€25,000 | |
| Cash at bank and in hand | 54/58 | €61,972 | €120,106 | +€58,135 | +93.8% |
| Total equity and liabilities | 10/49 | €118,149 | €155,537 | +€37,388 | +31.6% |
| Equity | 10/15 | €24,050 | €5,178 | -€18,872 | -78.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,050 | €178 | -€18,872 | -99.1% |
| Amounts payable | 17/49 | €94,099 | €150,359 | +€56,260 | +59.8% |
| Amounts payable within one year | 42/48 | €93,449 | €149,059 | +€55,610 | +59.5% |
| Trade debts | 44 | €871 | €16,408 | +€15,538 | +1,784% |
| Suppliers | 440/4 | €871 | €16,408 | +€15,538 | +1,784% |
| Taxes, remuneration and social security | 45 | €24,578 | €30,651 | +€6,072 | +24.7% |
| Taxes | 450/3 | €22,578 | €26,651 | +€4,072 | +18.0% |
| Remuneration and social security | 454/9 | €2,000 | €4,000 | +€2,000 | +100% |
| Other amounts payable | 47/48 | €68,000 | €102,000 | +€34,000 | +50.0% |
| Accrued charges and deferred income | 492/3 | €650 | €1,300 | +€650 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €383 | €331 | -€52 | -13.6% |
| Other operating charges | 640/8 | €200 | €200 | = | 0.0% |
| Gross operating margin | 9900 | €109,377 | €129,114 | +€19,737 | +18.0% |
| Operating profit (loss) | 9901 | €108,794 | €128,583 | +€19,789 | +18.2% |
| Financial income | 75/76B | €2,457 | €730 | -€1,727 | -70.3% |
| Recurring financial income | 75 | €2,457 | €730 | -€1,727 | -70.3% |
| Financial charges | 65/66B | €114 | €424 | +€310 | +272% |
| Recurring financial charges | 65 | €114 | €424 | +€310 | +272% |
| Profit (loss) for the period before taxes | 9903 | €111,136 | €128,889 | +€17,752 | +16.0% |
| Income taxes | 67/77 | €23,430 | €27,761 | +€4,331 | +18.5% |
| Profit (loss) for the period | 9904 | €87,706 | €101,128 | +€13,422 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €87,706 | €101,128 | +€13,422 | +15.3% |
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 31 October 2026 via checked.be.