Vangorp Vastgoed: 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.
Vangorp Vastgoed
Largest movements
- Intangible fixed assets -€11,000
down €11,000 (-22.2%), from €49,455 to €38,455
- Cash +€10,882
up €10,882 (+347%), from €3,140 to €14,022
mainly Net result for the year (+€29,487) and Depreciation (+€13,320)
- Tangible fixed assets +€6,089
up €6,089 (+122%), from €5,003 to €11,092
of which Furniture and vehicles: +€4,991
- Receivables within one year -€2,611
down €2,611 (-9.6%), from €27,090 to €24,478
of which Trade receivables: -€2,707
- Deferred charges and accrued income -€1,114
down €1,114 (-46.1%), from €2,416 to €1,303
- Profit (loss) carried forward +€29,487
up €29,487 (+87.0%), from -€33,891 to -€4,404
- Current portion of long-term debt -€18,963
down €18,963 (-94.2%), from €20,132 to €1,169
- Tax, wage and social debts -€4,976
down €4,976 (-34.5%), from €14,421 to €9,444
of which Taxes: -€2,958
- Trade debts -€3,807
down €3,807 (-16.4%), from €23,189 to €19,382
- Debts after one year +€2,164
up €2,164, from €0 to €2,164
- Gross operating margin +€35,815
up €35,815 (+211%), from €16,954 to €52,769
- Financial charges +€4,317
up €4,317 (+196%), from €2,204 to €6,521
- Taxes +€1,741
up €1,741 (+916%), from €190 to €1,931
- Depreciation +€603
up €603 (+4.7%), from €12,716 to €13,320
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 | €88,004 | €90,249 | +€2,246 | +2.6% |
| Fixed assets | 21/28 | €55,358 | €50,447 | -€4,912 | -8.9% |
| Intangible fixed assets | 21 | €49,455 | €38,455 | -€11,000 | -22.2% |
| Tangible fixed assets | 22/27 | €5,003 | €11,092 | +€6,089 | +122% |
| Plant, machinery and equipment | 23 | - | €1,098 | +€1,098 | |
| Furniture and vehicles | 24 | €5,003 | €9,994 | +€4,991 | +99.8% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €32,646 | €39,803 | +€7,157 | +21.9% |
| Amounts receivable within one year | 40/41 | €27,090 | €24,478 | -€2,611 | -9.6% |
| Trade receivables | 40 | €27,090 | €24,383 | -€2,707 | -10.0% |
| Other amounts receivable | 41 | €0 | €95 | +€95 | |
| Cash at bank and in hand | 54/58 | €3,140 | €14,022 | +€10,882 | +347% |
| Deferred charges and accrued income | 490/1 | €2,416 | €1,303 | -€1,114 | -46.1% |
| Total equity and liabilities | 10/49 | €88,004 | €90,249 | +€2,246 | +2.6% |
| Equity | 10/15 | €16,109 | €45,596 | +€29,487 | +183% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,891 | -€4,404 | +€29,487 | +87.0% |
| Amounts payable | 17/49 | €71,895 | €44,653 | -€27,242 | -37.9% |
| Amounts payable after more than one year | 17 | €0 | €2,164 | +€2,164 | |
| Financial debts | 170/4 | €0 | €2,164 | +€2,164 | |
| Amounts payable within one year | 42/48 | €71,895 | €42,490 | -€29,406 | -40.9% |
| Current portion of amounts payable after more than one year | 42 | €20,132 | €1,169 | -€18,963 | -94.2% |
| Financial debts | 43 | €958 | €0 | -€958 | -100% |
| Credit institutions | 430/8 | €958 | €0 | -€958 | -100% |
| Trade debts | 44 | €23,189 | €19,382 | -€3,807 | -16.4% |
| Suppliers | 440/4 | €23,189 | €19,382 | -€3,807 | -16.4% |
| Taxes, remuneration and social security | 45 | €14,421 | €9,444 | -€4,976 | -34.5% |
| Taxes | 450/3 | €12,402 | €9,444 | -€2,958 | -23.8% |
| Remuneration and social security | 454/9 | €2,019 | €0 | -€2,019 | -100% |
| Other amounts payable | 47/48 | €13,196 | €12,495 | -€701 | -5.3% |
| Non-recurring operating income | 76A | €6,779 | €0 | -€6,779 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,716 | €13,320 | +€603 | +4.7% |
| Other operating charges | 640/8 | €1,238 | €1,520 | +€282 | +22.7% |
| Gross operating margin | 9900 | €16,954 | €52,769 | +€35,815 | +211% |
| Operating profit (loss) | 9901 | €3,000 | €37,929 | +€34,930 | +1,164% |
| Financial income | 75/76B | €5 | €10 | +€5 | +95.2% |
| Recurring financial income | 75 | €5 | €10 | +€5 | +95.2% |
| Financial charges | 65/66B | €2,204 | €6,521 | +€4,317 | +196% |
| Recurring financial charges | 65 | €2,204 | €6,521 | +€4,317 | +196% |
| Profit (loss) for the period before taxes | 9903 | €801 | €31,419 | +€30,618 | +3,822% |
| Income taxes | 67/77 | €190 | €1,931 | +€1,741 | +916% |
| Profit (loss) for the period | 9904 | €611 | €29,487 | +€28,876 | +4,726% |
| Profit (loss) for the period to be appropriated | 9905 | €611 | €29,487 | +€28,876 | +4,726% |
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 30 October 2026 via checked.be.