VANFIGU: what changed
Two fiscal 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.
VANFIGU
Largest movements
- Cash +€27,642
up €27,642 (+42.8%), from €64,565 to €92,208
mainly Other debts (+€89,197) and Net result for the year (+€41,567)
- Deferred charges and accrued income +€2,174
up €2,174 (+32.2%), from €6,763 to €8,937
- Other debts +€89,197
up €89,197 (+2015.5%), from €4,426 to €93,622
- Profit (loss) carried forward -€51,963
down €51,963 (-100.0%), from €51,963 to €0
- Tax, wage and social debts -€8,273
down €8,273 (-84.7%), from €9,763 to €1,490
of which Taxes: -€6,273
- Gross operating margin +€15,282
up €15,282 (+40.5%), from €37,705 to €52,988
- Taxes +€2,794
up €2,794 (+36.0%), from €7,763 to €10,557
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 | €71,956 | €101,385 | +€29,429 | +40.9% |
| Fixed assets | 21/28 | €628 | €195 | -€433 | -69.0% |
| Tangible fixed assets | 22/27 | €628 | €195 | -€433 | -69.0% |
| Plant, machinery and equipment | 23 | €628 | €195 | -€433 | -69.0% |
| Current assets | 29/58 | €71,328 | €101,190 | +€29,862 | +41.9% |
| Amounts receivable within one year | 40/41 | - | €45 | +€45 | |
| Trade receivables | 40 | - | €45 | +€45 | |
| Cash at bank and in hand | 54/58 | €64,565 | €92,208 | +€27,642 | +42.8% |
| Deferred charges and accrued income | 490/1 | €6,763 | €8,937 | +€2,174 | +32.2% |
| Total equity and liabilities | 10/49 | €71,956 | €101,385 | +€29,429 | +40.9% |
| Equity | 10/15 | €56,963 | €5,000 | -€51,963 | -91.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,963 | €0 | -€51,963 | -100.0% |
| Amounts payable | 17/49 | €14,993 | €96,385 | +€81,391 | +542.8% |
| Amounts payable within one year | 42/48 | €14,593 | €95,708 | +€81,114 | +555.8% |
| Trade debts | 44 | €405 | €596 | +€191 | +47.1% |
| Suppliers | 440/4 | €405 | €596 | +€191 | +47.1% |
| Taxes, remuneration and social security | 45 | €9,763 | €1,490 | -€8,273 | -84.7% |
| Taxes | 450/3 | €7,763 | €1,490 | -€6,273 | -80.8% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100.0% |
| Other amounts payable | 47/48 | €4,426 | €93,622 | +€89,197 | +2015.5% |
| Accrued charges and deferred income | 492/3 | €400 | €677 | +€277 | +69.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €433 | €433 | = | 0.0% |
| Other operating charges | 640/8 | €532 | €549 | +€17 | +3.1% |
| Gross operating margin | 9900 | €37,705 | €52,988 | +€15,282 | +40.5% |
| Operating profit (loss) | 9901 | €36,740 | €52,006 | +€15,266 | +41.6% |
| Financial income | 75/76B | - | €223 | +€223 | |
| Recurring financial income | 75 | - | €223 | +€223 | |
| Financial charges | 65/66B | €70 | €104 | +€35 | +50.1% |
| Recurring financial charges | 65 | €70 | €104 | +€35 | +50.1% |
| Profit (loss) for the period before taxes | 9903 | €36,670 | €52,124 | +€15,454 | +42.1% |
| Income taxes | 67/77 | €7,763 | €10,557 | +€2,794 | +36.0% |
| Profit (loss) for the period | 9904 | €28,907 | €41,567 | +€12,660 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,907 | €41,567 | +€12,660 | +43.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.