VANGO: 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.
VANGO
Largest movements
- Cash +€242,410
up €242,410 (+125.3%), from €193,442 to €435,852
mainly Net result for the year (+€259,995) and Depreciation (+€113,784)
- Tangible fixed assets -€113,784
down €113,784 (-5.2%), from €2.2m to €2.1m
of which Land and buildings: -€113,291
- Reserves +€141,336
up €141,336 (+6.4%), from €2.2m to €2.4m
of which Distributable reserves: +€141,336
- Other debts +€47,582
up €47,582 (+12.3%), from €388,088 to €435,670
- Other operating charges -€19,210
down €19,210 (-45.3%), from €42,372 to €23,162
- Taxes -€17,660
down €17,660 (-16.9%), from €104,325 to €86,665
- Gross operating margin +€16,536
up €16,536 (+3.7%), from €450,090 to €466,626
- Financial income -€14,074
down €14,074 (-44.5%), from €31,642 to €17,567
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.
Cash bridge derived
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 | €3,011,827 | €3,163,044 | +€151,217 | +5.0% |
| Fixed assets | 21/28 | €2,192,908 | €2,079,124 | -€113,784 | -5.2% |
| Tangible fixed assets | 22/27 | €2,192,908 | €2,079,124 | -€113,784 | -5.2% |
| Land and buildings | 22 | €2,191,915 | €2,078,624 | -€113,291 | -5.2% |
| Plant, machinery and equipment | 23 | €993 | €500 | -€493 | -49.7% |
| Current assets | 29/58 | €818,919 | €1,083,920 | +€265,001 | +32.4% |
| Amounts receivable within one year | 40/41 | €123,184 | €144,068 | +€20,884 | +17.0% |
| Trade receivables | 40 | €2,040 | €1,815 | -€225 | -11.0% |
| Other amounts receivable | 41 | €121,144 | €142,253 | +€21,109 | +17.4% |
| Current investments | 50/53 | €500,000 | €504,000 | +€4,000 | +0.8% |
| Cash at bank and in hand | 54/58 | €193,442 | €435,852 | +€242,410 | +125.3% |
| Deferred charges and accrued income | 490/1 | €2,293 | - | -€2,293 | |
| Total equity and liabilities | 10/49 | €3,011,827 | €3,163,044 | +€151,217 | +5.0% |
| Equity | 10/15 | €2,576,912 | €2,718,248 | +€141,336 | +5.5% |
| Contributions | 10/11 | €362,000 | €362,000 | = | 0.0% |
| Capital | 10 | €362,000 | €362,000 | = | 0.0% |
| Issued capital | 100 | €362,000 | €362,000 | = | 0.0% |
| Reserves | 13 | €2,214,912 | €2,356,248 | +€141,336 | +6.4% |
| Non-distributable reserves | 130/1 | €36,200 | €36,200 | = | 0.0% |
| Legal reserve | 130 | €36,200 | €36,200 | = | 0.0% |
| Distributable reserves | 133 | €2,178,712 | €2,320,048 | +€141,336 | +6.5% |
| Amounts payable | 17/49 | €434,915 | €444,796 | +€9,881 | +2.3% |
| Amounts payable within one year | 42/48 | €434,915 | €444,796 | +€9,881 | +2.3% |
| Trade debts | 44 | €8,219 | €1,144 | -€7,075 | -86.1% |
| Suppliers | 440/4 | €8,219 | €1,144 | -€7,075 | -86.1% |
| Taxes, remuneration and social security | 45 | €38,609 | €7,983 | -€30,626 | -79.3% |
| Taxes | 450/3 | €38,609 | €7,983 | -€30,626 | -79.3% |
| Other amounts payable | 47/48 | €388,088 | €435,670 | +€47,582 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,777 | €113,784 | +€7 | 0.0% |
| Other operating charges | 640/8 | €42,372 | €23,162 | -€19,210 | -45.3% |
| Gross operating margin | 9900 | €450,090 | €466,626 | +€16,536 | +3.7% |
| Operating profit (loss) | 9901 | €293,940 | €329,680 | +€35,740 | +12.2% |
| Financial income | 75/76B | €31,642 | €17,567 | -€14,074 | -44.5% |
| Recurring financial income | 75 | €31,642 | €17,567 | -€14,074 | -44.5% |
| Financial charges | 65/66B | €750 | €587 | -€163 | -21.7% |
| Recurring financial charges | 65 | €750 | €587 | -€163 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €324,832 | €346,660 | +€21,828 | +6.7% |
| Income taxes | 67/77 | €104,325 | €86,665 | -€17,660 | -16.9% |
| Profit (loss) for the period | 9904 | €220,507 | €259,995 | +€39,488 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €220,507 | €259,995 | +€39,488 | +17.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.