VG ASSUFINANCES: 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.
VG ASSUFINANCES
Largest movements
- Cash +€885,048
up €885,048 (+1676.7%), from €52,784 to €937,832
mainly Investment in fixed assets (net) (+€688,270) and Net result for the year (+€186,006)
- Financial fixed assets -€690,000
down €690,000 (-100.0%), from €690,050 to €50
- Reserves +€150,006
up €150,006 (+18.6%), from €807,974 to €957,980
of which Distributable reserves: +€151,881
- Other debts +€28,139
up €28,139 (+57.5%), from €48,948 to €77,087
- Gross operating margin +€56,015
up €56,015 (+19.2%), from €291,938 to €347,953
- Taxes +€23,385
up €23,385 (+36.0%), from €64,929 to €88,313
- Staff costs -€21,660
down €21,660 (-22.8%), from €95,071 to €73,411
- Depreciation -€4,140
down €4,140 (-30.3%), from €13,683 to €9,543
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 | €897,500 | €1,077,614 | +€180,114 | +20.1% |
| Fixed assets | 21/28 | €837,594 | €139,782 | -€697,812 | -83.3% |
| Intangible fixed assets | 21 | €1,800 | €1,200 | -€600 | -33.3% |
| Tangible fixed assets | 22/27 | €145,745 | €138,532 | -€7,212 | -4.9% |
| Land and buildings | 22 | €136,319 | €132,261 | -€4,058 | -3.0% |
| Plant, machinery and equipment | 23 | €2,227 | €2,528 | +€301 | +13.5% |
| Furniture and vehicles | 24 | €1,114 | €101 | -€1,013 | -90.9% |
| Other tangible fixed assets | 26 | €6,084 | €3,642 | -€2,442 | -40.1% |
| Financial fixed assets | 28 | €690,050 | €50 | -€690,000 | -100.0% |
| Current assets | 29/58 | €59,906 | €937,832 | +€877,927 | +1465.5% |
| Amounts receivable within one year | 40/41 | €7,122 | - | -€7,122 | |
| Other amounts receivable | 41 | €7,122 | - | -€7,122 | |
| Cash at bank and in hand | 54/58 | €52,784 | €937,832 | +€885,048 | +1676.7% |
| Total equity and liabilities | 10/49 | €897,500 | €1,077,614 | +€180,114 | +20.1% |
| Equity | 10/15 | €826,724 | €976,730 | +€150,006 | +18.1% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Capital | 10 | €18,750 | - | -€18,750 | |
| Issued capital | 100 | €18,750 | - | -€18,750 | |
| Contributions outside capital | 11 | - | €18,750 | +€18,750 | |
| Other | 1109/19 | - | €18,750 | +€18,750 | |
| Reserves | 13 | €807,974 | €957,980 | +€150,006 | +18.6% |
| Non-distributable reserves | 130/1 | €1,875 | - | -€1,875 | |
| Legal reserve | 130 | €1,875 | - | -€1,875 | |
| Distributable reserves | 133 | €806,099 | €957,980 | +€151,881 | +18.8% |
| Amounts payable | 17/49 | €70,776 | €100,884 | +€30,108 | +42.5% |
| Amounts payable within one year | 42/48 | €70,776 | €100,884 | +€30,108 | +42.5% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | - | -€5,000 | |
| Trade debts | 44 | €3,308 | €1,922 | -€1,387 | -41.9% |
| Suppliers | 440/4 | €3,308 | €1,922 | -€1,387 | -41.9% |
| Taxes, remuneration and social security | 45 | €13,520 | €21,876 | +€8,356 | +61.8% |
| Taxes | 450/3 | €2,443 | €17,896 | +€15,453 | +632.4% |
| Remuneration and social security | 454/9 | €11,076 | €3,980 | -€7,096 | -64.1% |
| Other amounts payable | 47/48 | €48,948 | €77,087 | +€28,139 | +57.5% |
| Remuneration, social security and pensions | 62 | €95,071 | €73,411 | -€21,660 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,683 | €9,543 | -€4,140 | -30.3% |
| Other operating charges | 640/8 | €120 | €414 | +€294 | +245.0% |
| Gross operating margin | 9900 | €291,938 | €347,953 | +€56,015 | +19.2% |
| Operating profit (loss) | 9901 | €183,065 | €264,585 | +€81,520 | +44.5% |
| Financial income | 75/76B | €12,269 | €10,540 | -€1,728 | -14.1% |
| Recurring financial income | 75 | €12,269 | €10,540 | -€1,728 | -14.1% |
| Financial charges | 65/66B | €1,623 | €806 | -€817 | -50.3% |
| Recurring financial charges | 65 | €1,623 | €806 | -€817 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | €193,710 | €274,319 | +€80,609 | +41.6% |
| Income taxes | 67/77 | €64,929 | €88,313 | +€23,385 | +36.0% |
| Profit (loss) for the period | 9904 | €128,782 | €186,006 | +€57,224 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €128,782 | €186,006 | +€57,224 | +44.4% |
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 11 October 2026 via checked.be.