Vangeel Consulting: what changed
Vangeel Consulting
Largest movements
- Cash -€38,277
down €38,277 (-26.9%), from €142,221 to €103,944
mainly Other debts (-€99,885) and Current investments (-€32,086)
- Current investments +€32,086
up €32,086 (+56.8%), from €56,485 to €88,572
- Receivables within one year +€6,511
up €6,511 (+10.3%), from €63,117 to €69,628
of which Trade receivables: +€8,376
- Tangible fixed assets +€5,083
up €5,083 (+117%), from €4,354 to €9,437
of which Plant, machinery and equipment: +€5,286
- Reserves +€135,788
up €135,788 (+126%), from €107,673 to €243,461
- Other debts -€99,885
down €99,885 (-99.7%), from €100,149 to €265
- Tax, wage and social debts -€30,609
down €30,609 (-63.5%), from €48,204 to €17,595
- Gross operating margin +€47,802
up €47,802 (+36.5%), from €131,017 to €178,819
- Taxes +€11,866
up €11,866 (+39.7%), from €29,890 to €41,756
- Financial income -€2,688
down €2,688 (-34.3%), from €7,842 to €5,154
- Financial charges +€1,902
up €1,902 (+129%), from €1,475 to €3,378
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €268,078 | €273,294 | +€5,216 | +1.9% |
| Fixed assets | 21/28 | €4,354 | €9,437 | +€5,083 | +117% |
| Tangible fixed assets | 22/27 | €4,354 | €9,437 | +€5,083 | +117% |
| Plant, machinery and equipment | 23 | - | €5,286 | +€5,286 | |
| Furniture and vehicles | 24 | €1,425 | €2,124 | +€700 | +49.1% |
| Other tangible fixed assets | 26 | €2,930 | €2,027 | -€903 | -30.8% |
| Current assets | 29/58 | €263,724 | €263,857 | +€134 | +0.1% |
| Amounts receivable within one year | 40/41 | €63,117 | €69,628 | +€6,511 | +10.3% |
| Trade receivables | 40 | €61,252 | €69,628 | +€8,376 | +13.7% |
| Other amounts receivable | 41 | €1,865 | €0 | -€1,865 | -100% |
| Current investments | 50/53 | €56,485 | €88,572 | +€32,086 | +56.8% |
| Cash at bank and in hand | 54/58 | €142,221 | €103,944 | -€38,277 | -26.9% |
| Deferred charges and accrued income | 490/1 | €1,900 | €1,714 | -€186 | -9.8% |
| Total equity and liabilities | 10/49 | €268,078 | €273,294 | +€5,216 | +1.9% |
| Equity | 10/15 | €117,673 | €253,461 | +€135,788 | +115% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €107,673 | €243,461 | +€135,788 | +126% |
| Distributable reserves | 133 | €107,673 | €243,461 | +€135,788 | +126% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €150,406 | €19,834 | -€130,572 | -86.8% |
| Amounts payable within one year | 42/48 | €150,406 | €19,834 | -€130,572 | -86.8% |
| Financial debts | 43 | €293 | €74 | -€219 | -74.8% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €293 | €74 | -€219 | -74.8% |
| Trade debts | 44 | €1,760 | €1,900 | +€140 | +8.0% |
| Suppliers | 440/4 | €1,760 | €1,900 | +€140 | +8.0% |
| Taxes, remuneration and social security | 45 | €48,204 | €17,595 | -€30,609 | -63.5% |
| Taxes | 450/3 | €48,204 | €17,595 | -€30,609 | -63.5% |
| Other amounts payable | 47/48 | €100,149 | €265 | -€99,885 | -99.7% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,623 | €1,983 | +€361 | +22.2% |
| Other operating charges | 640/8 | €1,136 | €1,067 | -€68 | -6.0% |
| Gross operating margin | 9900 | €131,017 | €178,819 | +€47,802 | +36.5% |
| Operating profit (loss) | 9901 | €128,258 | €175,768 | +€47,510 | +37.0% |
| Financial income | 75/76B | €7,842 | €5,154 | -€2,688 | -34.3% |
| Recurring financial income | 75 | €7,842 | €5,154 | -€2,688 | -34.3% |
| Financial charges | 65/66B | €1,475 | €3,378 | +€1,902 | +129% |
| Recurring financial charges | 65 | €1,475 | €3,378 | +€1,902 | +129% |
| Profit (loss) for the period before taxes | 9903 | €134,624 | €177,544 | +€42,920 | +31.9% |
| Income taxes | 67/77 | €29,890 | €41,756 | +€11,866 | +39.7% |
| Profit (loss) for the period | 9904 | €104,735 | €135,788 | +€31,053 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €104,735 | €135,788 | +€31,053 | +29.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.