VANGIL: what changed
Two fiscal 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.
VANGIL
Largest movements
- Tangible fixed assets -€9,770
down €9,770 (-20.3%), from €48,026 to €38,256
of which Other tangible fixed assets: -€11,540
- Cash -€2,082
down €2,082 (-32.5%), from €6,414 to €4,331
mainly Debts after one year (-€22,906) and Net result for the year (-€21,377)
- Debts after one year -€22,906
down €22,906 (-59.0%), from €38,834 to €15,928
- Profit (loss) carried forward -€21,377
down €21,377 (-27.4%), from -€78,041 to -€99,418
- Other debts +€19,906
up €19,906 (+48.7%), from €40,893 to €60,799
- Short-term financial debts +€8,295
new in 2024: €8,295
- Trade debts +€3,780
up €3,780 (+64.3%), from €5,875 to €9,654
- Gross operating margin -€15,260
down €15,260 (-85.4%), from €17,875 to €2,616
- Depreciation -€2,277
down €2,277 (-16.4%), from €13,867 to €11,590
- Other operating charges -€1,663
down €1,663 (-21.2%), from €7,827 to €6,164
- Financial charges +€450
up €450 (+7.8%), from €5,794 to €6,244
- Financial income -€194
down €194 (-95.7%), from €203 to €9
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,260 | €45,107 | -€11,153 | -19.8% |
| Fixed assets | 21/28 | €48,609 | €38,839 | -€9,770 | -20.1% |
| Tangible fixed assets | 22/27 | €48,026 | €38,256 | -€9,770 | -20.3% |
| Plant, machinery and equipment | 23 | - | €1,769 | +€1,769 | |
| Other tangible fixed assets | 26 | €48,026 | €36,486 | -€11,540 | -24.0% |
| Financial fixed assets | 28 | €583 | €583 | = | 0.0% |
| Current assets | 29/58 | €7,651 | €6,268 | -€1,383 | -18.1% |
| Stocks and contracts in progress | 3 | €498 | €498 | = | 0.0% |
| Stocks | 30/36 | €498 | €498 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €739 | €1,143 | +€404 | +54.6% |
| Trade receivables | 40 | €664 | €1,068 | +€404 | +60.8% |
| Other amounts receivable | 41 | €75 | €75 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,414 | €4,331 | -€2,082 | -32.5% |
| Deferred charges and accrued income | 490/1 | - | €296 | +€296 | |
| Total equity and liabilities | 10/49 | €56,260 | €45,107 | -€11,153 | -19.8% |
| Equity | 10/15 | -€53,041 | -€74,418 | -€21,377 | -40.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,041 | -€99,418 | -€21,377 | -27.4% |
| Amounts payable | 17/49 | €109,301 | €119,525 | +€10,224 | +9.4% |
| Amounts payable after more than one year | 17 | €38,834 | €15,928 | -€22,906 | -59.0% |
| Financial debts | 170/4 | €38,834 | €15,928 | -€22,906 | -59.0% |
| Amounts payable within one year | 42/48 | €70,296 | €103,597 | +€33,301 | +47.4% |
| Current portion of amounts payable after more than one year | 42 | €22,296 | €22,906 | +€609 | +2.7% |
| Financial debts | 43 | - | €8,295 | +€8,295 | |
| Credit institutions | 430/8 | - | €8,295 | +€8,295 | |
| Trade debts | 44 | €5,875 | €9,654 | +€3,780 | +64.3% |
| Suppliers | 440/4 | €5,875 | €9,654 | +€3,780 | +64.3% |
| Advances received on contracts in progress | 46 | - | €1,792 | +€1,792 | |
| Taxes, remuneration and social security | 45 | €1,232 | €151 | -€1,081 | -87.7% |
| Taxes | 450/3 | €1,232 | €151 | -€1,081 | -87.7% |
| Other amounts payable | 47/48 | €40,893 | €60,799 | +€19,906 | +48.7% |
| Accrued charges and deferred income | 492/3 | €172 | - | -€172 | |
| Remuneration, social security and pensions | 62 | €109 | - | -€109 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,867 | €11,590 | -€2,277 | -16.4% |
| Other operating charges | 640/8 | €7,827 | €6,164 | -€1,663 | -21.2% |
| Gross operating margin | 9900 | €17,875 | €2,616 | -€15,260 | -85.4% |
| Operating profit (loss) | 9901 | -€3,927 | -€15,139 | -€11,212 | -285.5% |
| Financial income | 75/76B | €203 | €9 | -€194 | -95.7% |
| Recurring financial income | 75 | €203 | €9 | -€194 | -95.7% |
| Financial charges | 65/66B | €5,794 | €6,244 | +€450 | +7.8% |
| Recurring financial charges | 65 | €5,794 | €6,244 | +€450 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,519 | -€21,374 | -€11,856 | -124.5% |
| Income taxes | 67/77 | €2 | €3 | +€0 | +5.4% |
| Profit (loss) for the period | 9904 | -€9,521 | -€21,377 | -€11,856 | -124.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,521 | -€21,377 | -€11,856 | -124.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.