VANGENEUGDEN MANAGEMENT: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
VANGENEUGDEN MANAGEMENT
Largest movements
- Deferred charges and accrued income +€29,908
up €29,908 (+150%), from €19,938 to €49,846
- Tangible fixed assets +€26,678
new in 2025: €26,678
- Reserves +€49,443
up €49,443 (+8.2%), from €606,335 to €655,777
of which Distributable reserves: +€49,443
- Financial income +€29,906
up €29,906 (+150%), from €19,940 to €49,846
- Gross operating margin +€14,488
up €14,488 (+29.0%), from €49,880 to €64,369
- Taxes +€4,719
up €4,719 (+374%), from €1,263 to €5,983
- Staff costs +€2,592
up €2,592 (+5.1%), from €51,168 to €53,761
- Financial charges -€838
down €838 (-32.0%), from €2,616 to €1,779
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 | €1,249,879 | €1,303,848 | +€53,968 | +4.3% |
| Fixed assets | 21/28 | €1,121,100 | €1,147,778 | +€26,678 | +2.4% |
| Tangible fixed assets | 22/27 | - | €26,678 | +€26,678 | |
| Furniture and vehicles | 24 | - | €26,678 | +€26,678 | |
| Financial fixed assets | 28 | €1,121,100 | €1,121,100 | = | 0.0% |
| Current assets | 29/58 | €128,779 | €156,070 | +€27,290 | +21.2% |
| Amounts receivable after more than one year | 29 | €106,017 | €97,842 | -€8,175 | -7.7% |
| Trade receivables | 290 | €15,730 | €27,830 | +€12,100 | +76.9% |
| Other amounts receivable | 291 | €90,287 | €70,012 | -€20,275 | -22.5% |
| Cash at bank and in hand | 54/58 | €2,824 | €8,381 | +€5,557 | +197% |
| Deferred charges and accrued income | 490/1 | €19,938 | €49,846 | +€29,908 | +150% |
| Total equity and liabilities | 10/49 | €1,249,879 | €1,303,848 | +€53,968 | +4.3% |
| Equity | 10/15 | €1,226,335 | €1,275,777 | +€49,443 | +4.0% |
| Contributions | 10/11 | €620,000 | €620,000 | = | 0.0% |
| Reserves | 13 | €606,335 | €655,777 | +€49,443 | +8.2% |
| Non-distributable reserves | 130/1 | €29,474 | €29,474 | = | 0.0% |
| Reserves not available under the articles | 1311 | €29,474 | €29,474 | = | 0.0% |
| Distributable reserves | 133 | €576,861 | €626,303 | +€49,443 | +8.6% |
| Amounts payable | 17/49 | €23,545 | €28,070 | +€4,525 | +19.2% |
| Amounts payable within one year | 42/48 | €23,545 | €28,070 | +€4,525 | +19.2% |
| Trade debts | 44 | €9,649 | €1,751 | -€7,898 | -81.9% |
| Suppliers | 440/4 | €9,649 | €1,751 | -€7,898 | -81.9% |
| Taxes, remuneration and social security | 45 | €13,433 | €18,980 | +€5,546 | +41.3% |
| Taxes | 450/3 | €6,506 | €11,808 | +€5,302 | +81.5% |
| Remuneration and social security | 454/9 | €6,927 | €7,172 | +€245 | +3.5% |
| Other amounts payable | 47/48 | €463 | €7,340 | +€6,877 | +1,486% |
| Remuneration, social security and pensions | 62 | €51,168 | €53,761 | +€2,592 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €700 | €1,175 | +€475 | +67.9% |
| Other operating charges | 640/8 | €2,348 | €2,075 | -€273 | -11.6% |
| Non-recurring operating charges | 66A | €332 | - | -€332 | |
| Gross operating margin | 9900 | €49,880 | €64,369 | +€14,488 | +29.0% |
| Operating profit (loss) | 9901 | -€4,667 | €7,358 | +€12,026 | |
| Financial income | 75/76B | €19,940 | €49,846 | +€29,906 | +150% |
| Recurring financial income | 75 | €19,940 | €49,846 | +€29,906 | +150% |
| Financial charges | 65/66B | €2,616 | €1,779 | -€838 | -32.0% |
| Recurring financial charges | 65 | €2,616 | €1,779 | -€838 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €12,657 | €55,425 | +€42,769 | +338% |
| Income taxes | 67/77 | €1,263 | €5,983 | +€4,719 | +374% |
| Profit (loss) for the period | 9904 | €11,393 | €49,443 | +€38,049 | +334% |
| Profit (loss) for the period to be appropriated | 9905 | €11,393 | €49,443 | +€38,049 | +334% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.