VANGUERS BERNARD: what changed
VANGUERS BERNARD
Largest movements
- Cash +€90,058
up €90,058 (+73.8%), from €122,033 to €212,091
mainly Net result for the year (+€64,385) and Tax, wage and social debts (+€24,940)
- Reserves +€53,187
up €53,187 (+174%), from €30,580 to €83,766
- Tax, wage and social debts +€24,940
up €24,940 (+274%), from €9,115 to €34,055
- Other debts +€10,864
up €10,864 (+87.8%), from €12,375 to €23,239
- Gross operating margin +€71,657
up €71,657 (+246%), from €29,152 to €100,810
- Taxes +€24,926
up €24,926 (+298%), from €8,371 to €33,297
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,006 | €215,102 | +€88,096 | +69.4% |
| Fixed assets | 21/28 | €4,195 | €2,233 | -€1,962 | -46.8% |
| Tangible fixed assets | 22/27 | €4,195 | €2,233 | -€1,962 | -46.8% |
| Furniture and vehicles | 24 | €1,961 | €1,020 | -€941 | -48.0% |
| Leasing and similar rights | 25 | €2,234 | €1,213 | -€1,021 | -45.7% |
| Current assets | 29/58 | €122,811 | €212,869 | +€90,058 | +73.3% |
| Stocks and contracts in progress | 3 | €778 | €778 | = | 0.0% |
| Stocks | 30/36 | €778 | €778 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €122,033 | €212,091 | +€90,058 | +73.8% |
| Total equity and liabilities | 10/49 | €127,006 | €215,102 | +€88,096 | +69.4% |
| Equity | 10/15 | €103,937 | €157,124 | +€53,187 | +51.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €30,580 | €83,766 | +€53,187 | +174% |
| Distributable reserves | 133 | €30,580 | €83,766 | +€53,187 | +174% |
| Profit (loss) carried forward | 14 | €54,765 | €54,765 | = | 0.0% |
| Amounts payable | 17/49 | €23,069 | €57,979 | +€34,909 | +151% |
| Amounts payable within one year | 42/48 | €23,069 | €57,979 | +€34,909 | +151% |
| Trade debts | 44 | €1,579 | €684 | -€895 | -56.7% |
| Suppliers | 440/4 | €1,579 | €684 | -€895 | -56.7% |
| Taxes, remuneration and social security | 45 | €9,115 | €34,055 | +€24,940 | +274% |
| Taxes | 450/3 | €9,115 | €34,055 | +€24,940 | +274% |
| Other amounts payable | 47/48 | €12,375 | €23,239 | +€10,864 | +87.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,064 | €1,962 | -€102 | -5.0% |
| Other operating charges | 640/8 | €340 | €415 | +€75 | +22.0% |
| Gross operating margin | 9900 | €29,152 | €100,810 | +€71,657 | +246% |
| Operating profit (loss) | 9901 | €26,748 | €98,433 | +€71,685 | +268% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €856 | €751 | -€105 | -12.2% |
| Recurring financial charges | 65 | €856 | €751 | -€105 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €25,894 | €97,682 | +€71,788 | +277% |
| Income taxes | 67/77 | €8,371 | €33,297 | +€24,926 | +298% |
| Profit (loss) for the period | 9904 | €17,523 | €64,385 | +€46,862 | +267% |
| Profit (loss) for the period to be appropriated | 9905 | €17,523 | €64,385 | +€46,862 | +267% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.