VANGRID: 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.
VANGRID
Largest movements
- Receivables within one year +€127,579
up €127,579 (+101.4%), from €125,862 to €253,441
of which Other amounts receivable: +€122,159
- Tangible fixed assets -€6,839
down €6,839 (-47.2%), from €14,501 to €7,662
of which Plant, machinery and equipment: -€3,878
- Profit (loss) carried forward +€88,139
up €88,139 (+164.2%), from €53,672 to €141,811
- Tax, wage and social debts +€14,019
up €14,019 (+23.8%), from €58,835 to €72,854
- Accrued charges and deferred income +€13,389
new in 2023: €13,389
- Purchases and services +€8,951
up €8,951 (+20.7%), from €43,161 to €52,112
- Taxes -€6,382
down €6,382 (-16.1%), from €39,618 to €33,236
- Turnover +€4,990
up €4,990 (+3.4%), from €148,880 to €153,870
- Other operating charges +€2,273
up €2,273 (+286.1%), from €794 to €3,067
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €186,311 | €304,510 | +€118,199 | +63.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €14,501 | €7,662 | -€6,839 | -47.2% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €14,501 | €7,662 | -€6,839 | -47.2% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €8,300 | €4,422 | -€3,878 | -46.7% |
| Furniture and vehicles | 24 | €6,201 | €3,240 | -€2,962 | -47.8% |
| Current assets | 29/58 | €171,810 | €296,848 | +€125,039 | +72.8% |
| Amounts receivable within one year | 40/41 | €125,862 | €253,441 | +€127,579 | +101.4% |
| Trade receivables | 40 | €1,779 | €7,200 | +€5,421 | +304.8% |
| Other amounts receivable | 41 | €124,083 | €246,242 | +€122,159 | +98.4% |
| Cash at bank and in hand | 54/58 | €22,944 | €20,403 | -€2,541 | -11.1% |
| Deferred charges and accrued income | 490/1 | €23,004 | €23,004 | = | 0.0% |
| Total equity and liabilities | 10/49 | €186,311 | €304,510 | +€118,199 | +63.4% |
| Equity | 10/15 | €78,032 | €166,172 | +€88,139 | +113.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €11,961 | €11,961 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,482 | €1,482 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,482 | €1,482 | = | 0.0% |
| Distributable reserves | 133 | €10,479 | €10,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,672 | €141,811 | +€88,139 | +164.2% |
| Amounts payable | 17/49 | €108,279 | €138,338 | +€30,060 | +27.8% |
| Amounts payable after more than one year | 17 | €47,458 | €47,458 | = | 0.0% |
| Financial debts | 170/4 | €47,458 | €47,458 | = | 0.0% |
| Amounts payable within one year | 42/48 | €60,821 | €77,492 | +€16,671 | +27.4% |
| Trade debts | 44 | €1,986 | €4,637 | +€2,652 | +133.5% |
| Suppliers | 440/4 | €1,986 | €4,637 | +€2,652 | +133.5% |
| Taxes, remuneration and social security | 45 | €58,835 | €72,854 | +€14,019 | +23.8% |
| Taxes | 450/3 | €58,835 | €72,854 | +€14,019 | +23.8% |
| Accrued charges and deferred income | 492/3 | - | €13,389 | +€13,389 | |
| Turnover | 70 | €148,880 | €153,870 | +€4,990 | +3.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €43,161 | €52,112 | +€8,951 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,299 | €6,839 | -€459 | -6.3% |
| Other operating charges | 640/8 | €794 | €3,067 | +€2,273 | +286.1% |
| Gross operating margin | 9900 | €130,172 | €131,390 | +€1,218 | +0.9% |
| Operating profit (loss) | 9901 | €122,079 | €121,484 | -€596 | -0.5% |
| Financial charges | 65/66B | €83 | €108 | +€25 | +29.9% |
| Recurring financial charges | 65 | €83 | €108 | +€25 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €121,996 | €121,376 | -€621 | -0.5% |
| Income taxes | 67/77 | €39,618 | €33,236 | -€6,382 | -16.1% |
| Profit (loss) for the period | 9904 | €82,378 | €88,139 | +€5,761 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €82,378 | €88,139 | +€5,761 | +7.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.