Vangonic: 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.
Vangonic
Largest movements
- Tangible fixed assets +€54,324
new in 2025: €54,324
of which Furniture and vehicles: +€52,436
- Current investments +€39,000
new in 2025: €39,000
- Stocks and contracts +€12,000
new in 2025: €12,000
- Cash +€11,609
up €11,609 (+17.8%), from €65,170 to €76,779
mainly Net result for the year (+€127,617) and Depreciation (+€3,671)
- Reserves +€127,617
up €127,617 (+323%), from €39,455 to €167,072
- Tax, wage and social debts -€5,085
down €5,085 (-26.4%), from €19,287 to €14,202
- Contributions -€5,000
down €5,000 (-100%), from €5,000 to €0
- Gross operating margin +€117,942
up €117,942 (+232%), from €50,782 to €168,723
- Taxes +€26,923
up €26,923 (+266%), from €10,127 to €37,050
- Depreciation +€2,573
up €2,573 (+234%), from €1,098 to €3,671
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 | €65,954 | €183,618 | +€117,664 | +178% |
| Formation expenses | 20 | €784 | €0 | -€784 | -100% |
| Fixed assets | 21/28 | - | €54,324 | +€54,324 | |
| Tangible fixed assets | 22/27 | - | €54,324 | +€54,324 | |
| Plant, machinery and equipment | 23 | - | €1,888 | +€1,888 | |
| Furniture and vehicles | 24 | - | €52,436 | +€52,436 | |
| Current assets | 29/58 | €65,170 | €129,294 | +€64,124 | +98.4% |
| Stocks and contracts in progress | 3 | - | €12,000 | +€12,000 | |
| Stocks | 30/36 | - | €12,000 | +€12,000 | |
| Amounts receivable within one year | 40/41 | - | €263 | +€263 | |
| Other amounts receivable | 41 | - | €263 | +€263 | |
| Current investments | 50/53 | - | €39,000 | +€39,000 | |
| Cash at bank and in hand | 54/58 | €65,170 | €76,779 | +€11,609 | +17.8% |
| Deferred charges and accrued income | 490/1 | - | €1,252 | +€1,252 | |
| Total equity and liabilities | 10/49 | €65,954 | €183,618 | +€117,664 | +178% |
| Equity | 10/15 | €44,455 | €167,072 | +€122,617 | +276% |
| Contributions | 10/11 | €5,000 | €0 | -€5,000 | -100% |
| Reserves | 13 | €39,455 | €167,072 | +€127,617 | +323% |
| Distributable reserves | 133 | €39,455 | €167,072 | +€127,617 | +323% |
| Amounts payable | 17/49 | €21,500 | €16,546 | -€4,954 | -23.0% |
| Amounts payable within one year | 42/48 | €21,500 | €16,546 | -€4,954 | -23.0% |
| Trade debts | 44 | €2,212 | €2,344 | +€132 | +5.9% |
| Suppliers | 440/4 | €2,212 | €2,344 | +€132 | +5.9% |
| Taxes, remuneration and social security | 45 | €19,287 | €14,202 | -€5,085 | -26.4% |
| Taxes | 450/3 | €19,287 | €14,202 | -€5,085 | -26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,098 | €3,671 | +€2,573 | +234% |
| Other operating charges | 640/8 | €40 | €244 | +€205 | +517% |
| Gross operating margin | 9900 | €50,782 | €168,723 | +€117,942 | +232% |
| Operating profit (loss) | 9901 | €49,644 | €164,808 | +€115,164 | +232% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €63 | €150 | +€88 | +140% |
| Recurring financial charges | 65 | €63 | €150 | +€88 | +140% |
| Profit (loss) for the period before taxes | 9903 | €49,582 | €164,668 | +€115,086 | +232% |
| Income taxes | 67/77 | €10,127 | €37,050 | +€26,923 | +266% |
| Profit (loss) for the period | 9904 | €39,455 | €127,617 | +€88,163 | +223% |
| Profit (loss) for the period to be appropriated | 9905 | €39,455 | €127,617 | +€88,163 | +223% |
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 28 October 2026 via checked.be.