VEGRID: 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.
VEGRID
Largest movements
- Deferred charges and accrued income -€72,026
down €72,026 (-96.0%), from €75,000 to €2,974
- Current investments -€49,321
down €49,321 (-49.1%), from €100,365 to €51,043
- Cash -€47,066
down €47,066 (-33.4%), from €140,891 to €93,824
mainly Contributions, distributions and other (-€165,420) and Other debts (-€33,768)
- Tangible fixed assets -€25,325
down €25,325 (-77.2%), from €32,784 to €7,459
of which Land and buildings: -€20,167
- Receivables within one year +€23,967
up €23,967 (+136%), from €17,676 to €41,643
of which Trade receivables: +€28,370
- Reserves -€145,060
down €145,060 (-72.0%), from €201,402 to €56,343
- Other debts -€33,768
down €33,768 (-23.9%), from €141,324 to €107,556
- Trade debts +€4,211
up €4,211 (+752%), from €560 to €4,771
- Gross operating margin +€27,734
up €27,734 (+91.9%), from €30,186 to €57,920
- Taxes +€10,574
up €10,574 (+1,198%), from €882 to €11,457
- Other operating charges -€4,860
down €4,860 (-90.0%), from €5,401 to €541
- Financial charges -€1,299
down €1,299 (-96.0%), from €1,353 to €54
- Financial income +€612
up €612 (+171%), from €357 to €970
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 | €366,715 | €196,944 | -€169,771 | -46.3% |
| Fixed assets | 21/28 | €32,784 | €7,459 | -€25,325 | -77.2% |
| Tangible fixed assets | 22/27 | €32,784 | €7,459 | -€25,325 | -77.2% |
| Land and buildings | 22 | €23,125 | €2,959 | -€20,167 | -87.2% |
| Plant, machinery and equipment | 23 | €7,077 | €4,257 | -€2,820 | -39.9% |
| Furniture and vehicles | 24 | €2,581 | €244 | -€2,338 | -90.6% |
| Current assets | 29/58 | €333,931 | €189,485 | -€144,446 | -43.3% |
| Amounts receivable within one year | 40/41 | €17,676 | €41,643 | +€23,967 | +136% |
| Trade receivables | 40 | €3,532 | €31,902 | +€28,370 | +803% |
| Other amounts receivable | 41 | €14,144 | €9,740 | -€4,403 | -31.1% |
| Current investments | 50/53 | €100,365 | €51,043 | -€49,321 | -49.1% |
| Cash at bank and in hand | 54/58 | €140,891 | €93,824 | -€47,066 | -33.4% |
| Deferred charges and accrued income | 490/1 | €75,000 | €2,974 | -€72,026 | -96.0% |
| Total equity and liabilities | 10/49 | €366,715 | €196,944 | -€169,771 | -46.3% |
| Equity | 10/15 | €218,849 | €74,943 | -€143,906 | -65.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €201,402 | €56,343 | -€145,060 | -72.0% |
| Distributable reserves | 133 | €201,402 | €56,343 | -€145,060 | -72.0% |
| Profit (loss) carried forward | 14 | -€1,154 | - | +€1,154 | |
| Amounts payable | 17/49 | €147,866 | €122,001 | -€25,865 | -17.5% |
| Amounts payable within one year | 42/48 | €147,672 | €121,398 | -€26,274 | -17.8% |
| Trade debts | 44 | €560 | €4,771 | +€4,211 | +752% |
| Suppliers | 440/4 | €560 | €4,771 | +€4,211 | +752% |
| Taxes, remuneration and social security | 45 | €5,788 | €9,070 | +€3,283 | +56.7% |
| Taxes | 450/3 | €3,201 | €6,484 | +€3,283 | +103% |
| Remuneration and social security | 454/9 | €2,587 | €2,587 | = | 0.0% |
| Other amounts payable | 47/48 | €141,324 | €107,556 | -€33,768 | -23.9% |
| Accrued charges and deferred income | 492/3 | €194 | €603 | +€409 | +211% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,235 | €25,325 | +€89 | +0.4% |
| Other operating charges | 640/8 | €5,401 | €541 | -€4,860 | -90.0% |
| Gross operating margin | 9900 | €30,186 | €57,920 | +€27,734 | +91.9% |
| Operating profit (loss) | 9901 | -€451 | €32,055 | +€32,505 | |
| Financial income | 75/76B | €357 | €970 | +€612 | +171% |
| Recurring financial income | 75 | €357 | €970 | +€612 | +171% |
| Financial charges | 65/66B | €1,353 | €54 | -€1,299 | -96.0% |
| Recurring financial charges | 65 | €1,353 | €54 | -€1,299 | -96.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,446 | €32,971 | +€34,417 | |
| Income taxes | 67/77 | €882 | €11,457 | +€10,574 | +1,198% |
| Profit (loss) for the period | 9904 | -€2,329 | €21,514 | +€23,842 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,329 | €21,514 | +€23,842 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.