VEGICON: 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.
VEGICON
Largest movements
- Cash -€39,041
down €39,041 (-55.2%), from €70,711 to €31,669
mainly Contributions, distributions and other (-€78,000) and Investment in fixed assets (net) (-€36,437)
- Tangible fixed assets +€34,311
up €34,311 (+1453.2%), from €2,361 to €36,672
- Receivables within one year +€12,480
up €12,480 (+94.0%), from €13,280 to €25,760
of which Trade receivables: +€12,720
- Other debts +€8,079
up €8,079 (+11.5%), from €70,078 to €78,157
- Tax, wage and social debts -€3,532
down €3,532 (-53.7%), from €6,578 to €3,046
- Reserves +€2,164
up €2,164 (+32.4%), from €6,669 to €8,833
- Trade debts +€1,038
up €1,038 (+3814.5%), from €27 to €1,066
- Gross operating margin +€12,264
up €12,264 (+12.6%), from €97,524 to €109,789
- Taxes +€3,031
up €3,031 (+12.6%), from €24,090 to €27,121
- Financial charges -€1,954
down €1,954 (-98.0%), from €1,994 to €40
- Depreciation +€1,642
up €1,642 (+338.4%), from €485 to €2,127
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 | €86,352 | €94,101 | +€7,749 | +9.0% |
| Fixed assets | 21/28 | €2,361 | €36,672 | +€34,311 | +1453.2% |
| Tangible fixed assets | 22/27 | €2,361 | €36,672 | +€34,311 | +1453.2% |
| Furniture and vehicles | 24 | €2,361 | €36,672 | +€34,311 | +1453.2% |
| Current assets | 29/58 | €83,991 | €57,430 | -€26,561 | -31.6% |
| Amounts receivable within one year | 40/41 | €13,280 | €25,760 | +€12,480 | +94.0% |
| Trade receivables | 40 | €13,040 | €25,760 | +€12,720 | +97.5% |
| Other amounts receivable | 41 | €240 | €0 | -€240 | -100.0% |
| Cash at bank and in hand | 54/58 | €70,711 | €31,669 | -€39,041 | -55.2% |
| Total equity and liabilities | 10/49 | €86,352 | €94,101 | +€7,749 | +9.0% |
| Equity | 10/15 | €9,669 | €11,833 | +€2,164 | +22.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €6,669 | €8,833 | +€2,164 | +32.4% |
| Distributable reserves | 133 | €6,669 | €8,833 | +€2,164 | +32.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €76,683 | €82,268 | +€5,586 | +7.3% |
| Amounts payable within one year | 42/48 | €76,683 | €82,268 | +€5,586 | +7.3% |
| Trade debts | 44 | €27 | €1,066 | +€1,038 | +3814.5% |
| Suppliers | 440/4 | €27 | €1,066 | +€1,038 | +3814.5% |
| Taxes, remuneration and social security | 45 | €6,578 | €3,046 | -€3,532 | -53.7% |
| Taxes | 450/3 | €6,578 | €3,046 | -€3,532 | -53.7% |
| Other amounts payable | 47/48 | €70,078 | €78,157 | +€8,079 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €485 | €2,127 | +€1,642 | +338.4% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €97,524 | €109,789 | +€12,264 | +12.6% |
| Operating profit (loss) | 9901 | €96,534 | €107,142 | +€10,608 | +11.0% |
| Financial income | 75/76B | €41 | €183 | +€142 | +344.0% |
| Recurring financial income | 75 | €41 | €183 | +€142 | +344.0% |
| Financial charges | 65/66B | €1,994 | €40 | -€1,954 | -98.0% |
| Recurring financial charges | 65 | €1,994 | €40 | -€1,954 | -98.0% |
| Profit (loss) for the period before taxes | 9903 | €94,581 | €107,285 | +€12,704 | +13.4% |
| Income taxes | 67/77 | €24,090 | €27,121 | +€3,031 | +12.6% |
| Profit (loss) for the period | 9904 | €70,491 | €80,164 | +€9,673 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €70,491 | €80,164 | +€9,673 | +13.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.