VG CITY: 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 CITY
Largest movements
- Receivables within one year -€11,403
down €11,403 (-58.7%), from €19,441 to €8,038
of which Trade receivables: -€11,403
- Tangible fixed assets -€10,572
down €10,572 (-77.3%), from €13,672 to €3,101
of which Furniture and vehicles: -€9,161
- Cash +€3,592
up €3,592 (+16.1%), from €22,361 to €25,953
mainly Receivables within one year (+€11,403) and Net result for the year (+€10,467)
- Deferred charges and accrued income -€1,473
down €1,473 (-13.2%), from €11,163 to €9,690
- Stocks and contracts +€1,016
up €1,016 (+47.4%), from €2,145 to €3,161
- Other debts -€11,873
down €11,873 (-87.7%), from €13,532 to €1,660
- Trade debts -€11,180
down €11,180 (-58.8%), from €18,998 to €7,818
- Reserves +€5,300
up €5,300 (+285%), from €1,860 to €7,160
of which Distributable reserves: +€5,300
- Profit (loss) carried forward +€5,168
no longer reported in 2024 (was -€5,168)
- Current portion of long-term debt -€5,159
no longer reported in 2024 (was €5,159)
- Gross operating margin +€33,766
up €33,766 (+92.2%), from €36,618 to €70,384
- Staff costs +€21,656
up €21,656 (+94.2%), from €22,992 to €44,648
- Taxes +€2,800
up €2,800 (+251%), from €1,116 to €3,915
- Depreciation -€2,760
down €2,760 (-23.1%), from €11,950 to €9,190
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,782 | €49,942 | -€18,840 | -27.4% |
| Fixed assets | 21/28 | €13,672 | €3,101 | -€10,572 | -77.3% |
| Tangible fixed assets | 22/27 | €13,672 | €3,101 | -€10,572 | -77.3% |
| Plant, machinery and equipment | 23 | €2,731 | €1,849 | -€882 | -32.3% |
| Furniture and vehicles | 24 | €10,413 | €1,252 | -€9,161 | -88.0% |
| Other tangible fixed assets | 26 | €529 | - | -€529 | |
| Current assets | 29/58 | €55,110 | €46,842 | -€8,268 | -15.0% |
| Stocks and contracts in progress | 3 | €2,145 | €3,161 | +€1,016 | +47.4% |
| Stocks | 30/36 | €2,145 | €3,161 | +€1,016 | +47.4% |
| Amounts receivable within one year | 40/41 | €19,441 | €8,038 | -€11,403 | -58.7% |
| Trade receivables | 40 | €17,852 | €6,449 | -€11,403 | -63.9% |
| Other amounts receivable | 41 | €1,589 | €1,589 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,361 | €25,953 | +€3,592 | +16.1% |
| Deferred charges and accrued income | 490/1 | €11,163 | €9,690 | -€1,473 | -13.2% |
| Total equity and liabilities | 10/49 | €68,782 | €49,942 | -€18,840 | -27.4% |
| Equity | 10/15 | €16,692 | €27,160 | +€10,467 | +62.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €7,160 | +€5,300 | +285% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €5,300 | +€5,300 | |
| Profit (loss) carried forward | 14 | -€5,168 | - | +€5,168 | |
| Amounts payable | 17/49 | €52,090 | €22,783 | -€29,307 | -56.3% |
| Amounts payable within one year | 42/48 | €52,046 | €22,770 | -€29,276 | -56.2% |
| Current portion of amounts payable after more than one year | 42 | €5,159 | - | -€5,159 | |
| Trade debts | 44 | €18,998 | €7,818 | -€11,180 | -58.8% |
| Suppliers | 440/4 | €18,998 | €7,818 | -€11,180 | -58.8% |
| Taxes, remuneration and social security | 45 | €14,357 | €13,292 | -€1,064 | -7.4% |
| Taxes | 450/3 | €6,853 | €7,063 | +€210 | +3.1% |
| Remuneration and social security | 454/9 | €7,503 | €6,230 | -€1,274 | -17.0% |
| Other amounts payable | 47/48 | €13,532 | €1,660 | -€11,873 | -87.7% |
| Accrued charges and deferred income | 492/3 | €44 | €12 | -€32 | -71.8% |
| Non-recurring operating income | 76A | €11,538 | €1,510 | -€10,029 | -86.9% |
| Remuneration, social security and pensions | 62 | €22,992 | €44,648 | +€21,656 | +94.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,950 | €9,190 | -€2,760 | -23.1% |
| Non-recurring operating charges | 66A | €90 | €47 | -€42 | -47.2% |
| Gross operating margin | 9900 | €36,618 | €70,384 | +€33,766 | +92.2% |
| Operating profit (loss) | 9901 | €1,587 | €16,499 | +€14,912 | +940% |
| Financial charges | 65/66B | €1,645 | €2,116 | +€472 | +28.7% |
| Recurring financial charges | 65 | €1,645 | €2,116 | +€472 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | -€58 | €14,383 | +€14,440 | |
| Income taxes | 67/77 | €1,116 | €3,915 | +€2,800 | +251% |
| Profit (loss) for the period | 9904 | -€1,173 | €10,467 | +€11,641 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,173 | €10,467 | +€11,641 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.