VG België: what changed
VG België
Largest movements
- Receivables within one year -€9,573
down €9,573 (-70.2%), from €13,638 to €4,064
- Cash +€4,681
up €4,681 (+350%), from €1,337 to €6,018
mainly Receivables within one year (+€9,573) and Depreciation (+€300)
- Formation expenses -€300
down €300 (-22.7%), from €1,324 to €1,024
- Profit (loss) carried forward -€4,763
down €4,763, from €674 to -€4,089
- Accrued charges and deferred income -€399
no longer reported in 2025 (was €399)
- Turnover -€50,518
no longer reported in 2025 (was €50,518)
- Goods and materials -€48,033
no longer reported in 2025 (was €48,033)
- Services and other goods +€2,385
new in 2025: €2,385
- Financial charges +€579
up €579 (+57.4%), from €1,009 to €1,588
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 | €16,298 | €11,106 | -€5,193 | -31.9% |
| Formation expenses | 20 | €1,324 | €1,024 | -€300 | -22.7% |
| Current assets | 29/58 | €14,974 | €10,082 | -€4,892 | -32.7% |
| Amounts receivable within one year | 40/41 | €13,638 | €4,064 | -€9,573 | -70.2% |
| Other amounts receivable | 41 | €13,638 | €4,064 | -€9,573 | -70.2% |
| Cash at bank and in hand | 54/58 | €1,337 | €6,018 | +€4,681 | +350% |
| Total equity and liabilities | 10/49 | €16,298 | €11,106 | -€5,193 | -31.9% |
| Equity | 10/15 | €15,674 | €10,911 | -€4,763 | -30.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €674 | -€4,089 | -€4,763 | |
| Amounts payable | 17/49 | €624 | €194 | -€430 | -68.9% |
| Amounts payable within one year | 42/48 | €225 | €194 | -€31 | -13.6% |
| Taxes, remuneration and social security | 45 | €225 | €194 | -€31 | -13.6% |
| Taxes | 450/3 | €225 | €194 | -€31 | -13.6% |
| Accrued charges and deferred income | 492/3 | €399 | - | -€399 | |
| Operating income | 70/76A | €50,518 | - | -€50,518 | |
| Turnover | 70 | €50,518 | - | -€50,518 | |
| Operating charges | 60/66A | €48,610 | €3,205 | -€45,405 | -93.4% |
| Goods for resale, raw materials and consumables | 60 | €48,033 | - | -€48,033 | |
| Purchases | 600/8 | €48,033 | - | -€48,033 | |
| Services and other goods | 61 | - | €2,385 | +€2,385 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178 | €300 | +€123 | +69.1% |
| Other operating charges | 640/8 | €399 | €520 | +€120 | +30.1% |
| Operating profit (loss) | 9901 | €1,908 | -€3,205 | -€5,113 | |
| Financial charges | 65/66B | €1,009 | €1,588 | +€579 | +57.4% |
| Recurring financial charges | 65 | €1,009 | €1,588 | +€579 | +57.4% |
| Other financial charges | 652/9 | €1,009 | €1,588 | +€579 | +57.4% |
| Profit (loss) for the period before taxes | 9903 | €899 | -€4,793 | -€5,692 | |
| Income taxes | 67/77 | €225 | -€31 | -€255 | |
| Taxes | 670/3 | €225 | - | -€225 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €31 | +€31 | |
| Profit (loss) for the period | 9904 | €674 | -€4,763 | -€5,437 | |
| Profit (loss) for the period to be appropriated | 9905 | €674 | -€4,763 | -€5,437 |
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 8 November 2026 via checked.be.