VANGELDER SOLUTIONS: 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.
VANGELDER SOLUTIONS
Largest movements
- Receivables within one year +€30,154
up €30,154 (+57.8%), from €52,163 to €82,317
of which Other amounts receivable: +€31,876
- Deferred charges and accrued income -€3,239
down €3,239 (-43.3%), from €7,476 to €4,237
- Cash -€2,229
down €2,229 (-52.9%), from €4,219 to €1,989
mainly Receivables within one year (-€30,154) and Tax, wage and social debts (-€2,418)
- Tangible fixed assets -€1,361
down €1,361 (-22.3%), from €6,099 to €4,738
of which Furniture and vehicles: -€1,292
- Reserves +€23,211
up €23,211 (+67.1%), from €34,602 to €57,813
- Tax, wage and social debts -€2,418
down €2,418 (-19.4%), from €12,439 to €10,021
of which Remuneration and social security: -€2,372
- Trade debts +€2,271
up €2,271 (+37.8%), from €6,002 to €8,272
- Other debts +€1,734
up €1,734 (+77.3%), from €2,245 to €3,979
- Accrued charges and deferred income -€1,472
down €1,472 (-67.9%), from €2,168 to €696
- Gross operating margin -€17,324
down €17,324 (-31.4%), from €55,165 to €37,841
- Staff costs -€5,512
down €5,512 (-98.5%), from €5,597 to €84
- Financial charges -€1,642
down €1,642 (-28.3%), from €5,810 to €4,168
- Taxes -€1,422
down €1,422 (-15.6%), from €9,125 to €7,703
- Financial income +€1,082
up €1,082 (+210%), from €515 to €1,597
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 | €69,956 | €93,281 | +€23,325 | +33.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €6,099 | €4,738 | -€1,361 | -22.3% |
| Tangible fixed assets | 22/27 | €6,099 | €4,738 | -€1,361 | -22.3% |
| Plant, machinery and equipment | 23 | €255 | €185 | -€70 | -27.3% |
| Furniture and vehicles | 24 | €5,844 | €4,553 | -€1,292 | -22.1% |
| Current assets | 29/58 | €63,857 | €88,543 | +€24,686 | +38.7% |
| Amounts receivable within one year | 40/41 | €52,163 | €82,317 | +€30,154 | +57.8% |
| Trade receivables | 40 | €23,488 | €21,767 | -€1,721 | -7.3% |
| Other amounts receivable | 41 | €28,675 | €60,551 | +€31,876 | +111% |
| Cash at bank and in hand | 54/58 | €4,219 | €1,989 | -€2,229 | -52.9% |
| Deferred charges and accrued income | 490/1 | €7,476 | €4,237 | -€3,239 | -43.3% |
| Total equity and liabilities | 10/49 | €69,956 | €93,281 | +€23,325 | +33.3% |
| Equity | 10/15 | €37,102 | €60,313 | +€23,211 | +62.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €34,602 | €57,813 | +€23,211 | +67.1% |
| Distributable reserves | 133 | €34,602 | €57,813 | +€23,211 | +67.1% |
| Amounts payable | 17/49 | €32,854 | €32,968 | +€114 | +0.3% |
| Amounts payable within one year | 42/48 | €30,685 | €32,272 | +€1,587 | +5.2% |
| Financial debts | 43 | €10,000 | €10,000 | = | 0.0% |
| Credit institutions | 430/8 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €6,002 | €8,272 | +€2,271 | +37.8% |
| Suppliers | 440/4 | €6,002 | €8,272 | +€2,271 | +37.8% |
| Taxes, remuneration and social security | 45 | €12,439 | €10,021 | -€2,418 | -19.4% |
| Taxes | 450/3 | €8,564 | €8,517 | -€46 | -0.5% |
| Remuneration and social security | 454/9 | €3,875 | €1,503 | -€2,372 | -61.2% |
| Other amounts payable | 47/48 | €2,245 | €3,979 | +€1,734 | +77.3% |
| Accrued charges and deferred income | 492/3 | €2,168 | €696 | -€1,472 | -67.9% |
| Remuneration, social security and pensions | 62 | €5,597 | €84 | -€5,512 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,753 | €3,461 | +€708 | +25.7% |
| Other operating charges | 640/8 | €902 | €809 | -€93 | -10.3% |
| Gross operating margin | 9900 | €55,165 | €37,841 | -€17,324 | -31.4% |
| Operating profit (loss) | 9901 | €45,914 | €33,486 | -€12,428 | -27.1% |
| Financial income | 75/76B | €515 | €1,597 | +€1,082 | +210% |
| Recurring financial income | 75 | €515 | €1,597 | +€1,082 | +210% |
| Financial charges | 65/66B | €5,810 | €4,168 | -€1,642 | -28.3% |
| Recurring financial charges | 65 | €5,810 | €4,168 | -€1,642 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €40,618 | €30,914 | -€9,704 | -23.9% |
| Income taxes | 67/77 | €9,125 | €7,703 | -€1,422 | -15.6% |
| Profit (loss) for the period | 9904 | €31,493 | €23,211 | -€8,283 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,493 | €23,211 | -€8,283 | -26.3% |
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 22 October 2026 via checked.be.