VG Catering: 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 Catering
Largest movements
- Receivables within one year +€12,659
up €12,659 (+14.4%), from €88,167 to €100,826
of which Trade receivables: +€23,648
- Tangible fixed assets -€4,714
down €4,714 (-11.7%), from €40,334 to €35,620
of which Land and buildings: -€3,708
- Cash -€4,664
down €4,664 (-95.8%), from €4,869 to €205
mainly Receivables within one year (-€12,659) and Investment in fixed assets (net) (-€3,409)
- Intangible fixed assets -€1,646
down €1,646 (-49.6%), from €3,321 to €1,675
- Trade debts +€6,292
up €6,292 (+57.7%), from €10,910 to €17,202
- Tax, wage and social debts -€2,821
down €2,821 (-42.3%), from €6,674 to €3,853
of which Taxes: -€3,640
- Depreciation -€1,842
down €1,842 (-15.9%), from €11,612 to €9,770
- Staff costs +€1,736
up €1,736 (+7.7%), from €22,614 to €24,350
- Gross operating margin -€1,275
down €1,275 (-2.9%), from €44,351 to €43,077
- Other operating charges +€1,253
up €1,253 (+52.2%), from €2,402 to €3,655
- Taxes -€887
down €887 (-42.8%), from €2,075 to €1,187
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 | €150,795 | €154,118 | +€3,323 | +2.2% |
| Fixed assets | 21/28 | €43,655 | €37,295 | -€6,361 | -14.6% |
| Intangible fixed assets | 21 | €3,321 | €1,675 | -€1,646 | -49.6% |
| Tangible fixed assets | 22/27 | €40,334 | €35,620 | -€4,714 | -11.7% |
| Land and buildings | 22 | €26,201 | €22,493 | -€3,708 | -14.2% |
| Plant, machinery and equipment | 23 | €9,763 | €10,042 | +€278 | +2.9% |
| Furniture and vehicles | 24 | €3,254 | €1,969 | -€1,285 | -39.5% |
| Leasing and similar rights | 25 | €1,116 | €1,116 | = | 0.0% |
| Current assets | 29/58 | €107,140 | €116,824 | +€9,684 | +9.0% |
| Stocks and contracts in progress | 3 | €13,650 | €14,716 | +€1,066 | +7.8% |
| Stocks | 30/36 | €13,650 | €14,716 | +€1,066 | +7.8% |
| Amounts receivable within one year | 40/41 | €88,167 | €100,826 | +€12,659 | +14.4% |
| Trade receivables | 40 | €61,972 | €85,620 | +€23,648 | +38.2% |
| Other amounts receivable | 41 | €26,195 | €15,206 | -€10,989 | -42.0% |
| Cash at bank and in hand | 54/58 | €4,869 | €205 | -€4,664 | -95.8% |
| Deferred charges and accrued income | 490/1 | €454 | €1,077 | +€623 | +137% |
| Total equity and liabilities | 10/49 | €150,795 | €154,118 | +€3,323 | +2.2% |
| Equity | 10/15 | €97,951 | €98,258 | +€307 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €91,751 | €92,058 | +€307 | +0.3% |
| Distributable reserves | 133 | €91,751 | €92,058 | +€307 | +0.3% |
| Amounts payable | 17/49 | €52,844 | €55,860 | +€3,016 | +5.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €52,844 | €55,860 | +€3,016 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €887 | €0 | -€887 | -100% |
| Financial debts | 43 | €33,489 | €34,805 | +€1,316 | +3.9% |
| Credit institutions | 430/8 | €33,489 | €30,296 | -€3,193 | -9.5% |
| Other loans | 439 | €0 | €4,509 | +€4,509 | |
| Trade debts | 44 | €10,910 | €17,202 | +€6,292 | +57.7% |
| Suppliers | 440/4 | €10,910 | €17,202 | +€6,292 | +57.7% |
| Taxes, remuneration and social security | 45 | €6,674 | €3,853 | -€2,821 | -42.3% |
| Taxes | 450/3 | €4,772 | €1,132 | -€3,640 | -76.3% |
| Remuneration and social security | 454/9 | €1,902 | €2,721 | +€819 | +43.1% |
| Other amounts payable | 47/48 | €884 | €0 | -€884 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €22,614 | €24,350 | +€1,736 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,612 | €9,770 | -€1,842 | -15.9% |
| Other operating charges | 640/8 | €2,402 | €3,655 | +€1,253 | +52.2% |
| Gross operating margin | 9900 | €44,351 | €43,077 | -€1,275 | -2.9% |
| Operating profit (loss) | 9901 | €7,724 | €5,302 | -€2,422 | -31.4% |
| Financial income | 75/76B | €36 | €3 | -€33 | -90.8% |
| Recurring financial income | 75 | €36 | €3 | -€33 | -90.8% |
| Financial charges | 65/66B | €4,147 | €3,811 | -€336 | -8.1% |
| Recurring financial charges | 65 | €4,147 | €3,811 | -€336 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €3,612 | €1,494 | -€2,118 | -58.6% |
| Income taxes | 67/77 | €2,075 | €1,187 | -€887 | -42.8% |
| Profit (loss) for the period | 9904 | €1,538 | €307 | -€1,231 | -80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,538 | €307 | -€1,231 | -80.0% |
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 27 October 2026 via checked.be.