VANGENEUGDEN: 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.
VANGENEUGDEN
Largest movements
- Cash +€11,274
up €11,274 (+12.3%), from €91,867 to €103,141
mainly Net result for the year (+€9,869) and Depreciation (+€1,641)
- Profit (loss) carried forward +€9,869
up €9,869 (+14.6%), from €67,539 to €77,407
- Taxes +€604
up €604 (+24.2%), from €2,496 to €3,100
- Depreciation -€435
down €435 (-21.0%), from €2,076 to €1,641
- Other operating charges -€170
down €170 (-18.7%), from €909 to €739
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 | €98,854 | €110,931 | +€12,077 | +12.2% |
| Fixed assets | 21/28 | €3,203 | €3,862 | +€659 | +20.6% |
| Intangible fixed assets | 21 | €34 | - | -€34 | |
| Tangible fixed assets | 22/27 | €3,169 | €3,862 | +€693 | +21.9% |
| Plant, machinery and equipment | 23 | €2,263 | €3,587 | +€1,324 | +58.5% |
| Furniture and vehicles | 24 | €906 | €275 | -€631 | -69.6% |
| Current assets | 29/58 | €95,651 | €107,069 | +€11,418 | +11.9% |
| Stocks and contracts in progress | 3 | €500 | €1,250 | +€750 | +150% |
| Stocks | 30/36 | €500 | €1,250 | +€750 | +150% |
| Amounts receivable within one year | 40/41 | €479 | - | -€479 | |
| Trade receivables | 40 | €479 | - | -€479 | |
| Cash at bank and in hand | 54/58 | €91,867 | €103,141 | +€11,274 | +12.3% |
| Deferred charges and accrued income | 490/1 | €2,805 | €2,678 | -€127 | -4.5% |
| Total equity and liabilities | 10/49 | €98,854 | €110,931 | +€12,077 | +12.2% |
| Equity | 10/15 | €95,561 | €105,429 | +€9,869 | +10.3% |
| Contributions | 10/11 | €20,570 | €20,570 | = | 0.0% |
| Reserves | 13 | €7,452 | €7,452 | = | 0.0% |
| Distributable reserves | 133 | €7,452 | €7,452 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,539 | €77,407 | +€9,869 | +14.6% |
| Amounts payable | 17/49 | €3,293 | €5,502 | +€2,209 | +67.1% |
| Amounts payable within one year | 42/48 | €3,293 | €5,502 | +€2,209 | +67.1% |
| Trade debts | 44 | €1,526 | €2,589 | +€1,063 | +69.7% |
| Suppliers | 440/4 | €1,526 | €2,589 | +€1,063 | +69.7% |
| Taxes, remuneration and social security | 45 | €1,004 | €1,086 | +€82 | +8.2% |
| Taxes | 450/3 | €1,004 | €1,086 | +€82 | +8.2% |
| Other amounts payable | 47/48 | €764 | €1,827 | +€1,063 | +139% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,076 | €1,641 | -€435 | -21.0% |
| Other operating charges | 640/8 | €909 | €739 | -€170 | -18.7% |
| Gross operating margin | 9900 | €15,773 | €15,668 | -€105 | -0.7% |
| Operating profit (loss) | 9901 | €12,788 | €13,288 | +€500 | +3.9% |
| Financial charges | 65/66B | €413 | €319 | -€94 | -22.7% |
| Recurring financial charges | 65 | €413 | €319 | -€94 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €12,375 | €12,969 | +€594 | +4.8% |
| Income taxes | 67/77 | €2,496 | €3,100 | +€604 | +24.2% |
| Profit (loss) for the period | 9904 | €9,879 | €9,869 | -€10 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,879 | €9,869 | -€10 | -0.1% |
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 23 October 2026 via checked.be.