VANGENEUGDEN VTK: 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 VTK
Largest movements
- Receivables within one year -€172,059
down €172,059 (-35.5%), from €484,537 to €312,478
of which Trade receivables: -€173,215
- Cash +€90,352
up €90,352 (+23.9%), from €377,496 to €467,848
mainly Receivables within one year (+€172,059) and Net result for the year (+€25,273)
- Tangible fixed assets +€16,248
up €16,248 (+57.7%), from €28,140 to €44,388
of which Plant, machinery and equipment: +€18,591
- Stocks and contracts -€16,215
down €16,215 (-7.5%), from €215,747 to €199,532
- Other debts -€59,501
down €59,501 (-70.8%), from €84,028 to €24,528
- Trade debts -€38,329
down €38,329 (-15.2%), from €252,120 to €213,791
- Gross operating margin -€20,125
down €20,125 (-14.2%), from €142,211 to €122,086
- Other operating charges -€7,147
down €7,147 (-37.5%), from €19,074 to €11,927
- Taxes -€3,537
down €3,537 (-27.9%), from €12,671 to €9,135
- Write-downs -€2,225
no longer reported in 2025 (was €2,225)
- Depreciation -€1,646
down €1,646 (-11.8%), from €13,914 to €12,268
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 | €1,106,055 | €1,024,380 | -€81,674 | -7.4% |
| Fixed assets | 21/28 | €28,275 | €44,523 | +€16,248 | +57.5% |
| Tangible fixed assets | 22/27 | €28,140 | €44,388 | +€16,248 | +57.7% |
| Land and buildings | 22 | €19,658 | €24,606 | +€4,949 | +25.2% |
| Plant, machinery and equipment | 23 | €1,190 | €19,781 | +€18,591 | +1,562% |
| Furniture and vehicles | 24 | €7,292 | - | -€7,292 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,077,780 | €979,858 | -€97,922 | -9.1% |
| Stocks and contracts in progress | 3 | €215,747 | €199,532 | -€16,215 | -7.5% |
| Stocks | 30/36 | €215,747 | €199,532 | -€16,215 | -7.5% |
| Amounts receivable within one year | 40/41 | €484,537 | €312,478 | -€172,059 | -35.5% |
| Trade receivables | 40 | €479,254 | €306,039 | -€173,215 | -36.1% |
| Other amounts receivable | 41 | €5,283 | €6,440 | +€1,156 | +21.9% |
| Cash at bank and in hand | 54/58 | €377,496 | €467,848 | +€90,352 | +23.9% |
| Total equity and liabilities | 10/49 | €1,106,055 | €1,024,380 | -€81,674 | -7.4% |
| Equity | 10/15 | €761,005 | €771,277 | +€10,273 | +1.3% |
| Contributions | 10/11 | €161,500 | €161,500 | = | 0.0% |
| Capital | 10 | €161,500 | €161,500 | = | 0.0% |
| Issued capital | 100 | €161,500 | €161,500 | = | 0.0% |
| Reserves | 13 | €599,505 | €609,777 | +€10,273 | +1.7% |
| Non-distributable reserves | 130/1 | €16,150 | €16,150 | = | 0.0% |
| Legal reserve | 130 | €16,150 | - | -€16,150 | |
| Reserves not available under the articles | 1311 | - | €16,150 | +€16,150 | |
| Distributable reserves | 133 | €583,355 | €593,627 | +€10,273 | +1.8% |
| Amounts payable | 17/49 | €345,050 | €253,103 | -€91,947 | -26.6% |
| Amounts payable within one year | 42/48 | €345,050 | €253,103 | -€91,947 | -26.6% |
| Financial debts | 43 | €4,116 | €4,096 | -€20 | -0.5% |
| Credit institutions | 430/8 | €4,116 | €4,096 | -€20 | -0.5% |
| Trade debts | 44 | €252,120 | €213,791 | -€38,329 | -15.2% |
| Suppliers | 440/4 | €252,120 | €213,791 | -€38,329 | -15.2% |
| Taxes, remuneration and social security | 45 | €4,786 | €10,689 | +€5,903 | +123% |
| Taxes | 450/3 | €2,834 | €8,685 | +€5,850 | +206% |
| Remuneration and social security | 454/9 | €1,952 | €2,004 | +€53 | +2.7% |
| Other amounts payable | 47/48 | €84,028 | €24,528 | -€59,501 | -70.8% |
| Remuneration, social security and pensions | 62 | €61,562 | €62,087 | +€526 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,914 | €12,268 | -€1,646 | -11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,225 | - | -€2,225 | |
| Other operating charges | 640/8 | €19,074 | €11,927 | -€7,147 | -37.5% |
| Non-recurring operating charges | 66A | €966 | €53 | -€913 | -94.5% |
| Gross operating margin | 9900 | €142,211 | €122,086 | -€20,125 | -14.2% |
| Operating profit (loss) | 9901 | €44,470 | €35,751 | -€8,719 | -19.6% |
| Financial income | 75/76B | €1,512 | €499 | -€1,013 | -67.0% |
| Recurring financial income | 75 | €1,512 | €499 | -€1,013 | -67.0% |
| Financial charges | 65/66B | €1,525 | €1,843 | +€317 | +20.8% |
| Recurring financial charges | 65 | €1,525 | €1,843 | +€317 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €44,457 | €34,407 | -€10,050 | -22.6% |
| Income taxes | 67/77 | €12,671 | €9,135 | -€3,537 | -27.9% |
| Profit (loss) for the period | 9904 | €31,786 | €25,273 | -€6,513 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,786 | €25,273 | -€6,513 | -20.5% |
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 17 October 2026 via checked.be.