VG EXPRESS: 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 EXPRESS
Largest movements
- Deferred charges and accrued income +€29,101
up €29,101 (+31,359%), from €93 to €29,194
- Receivables within one year +€20,851
up €20,851 (+663%), from €3,144 to €23,995
of which Trade receivables: +€18,000
- Profit (loss) carried forward +€43,406
up €43,406 (+59.1%), from -€73,464 to -€30,058
- Other debts +€4,705
up €4,705 (+14.5%), from €32,442 to €37,147
- Trade debts +€2,123
up €2,123 (+59.3%), from €3,577 to €5,700
- Gross operating margin +€48,128
up €48,128, from -€3,323 to €44,805
- Other operating charges -€851
down €851 (-68.0%), from €1,250 to €400
- Financial charges +€487
up €487 (+68.9%), from €707 to €1,193
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 | €3,340 | €53,189 | +€49,848 | +1,492% |
| Current assets | 29/58 | €3,340 | €53,189 | +€49,848 | +1,492% |
| Amounts receivable within one year | 40/41 | €3,144 | €23,995 | +€20,851 | +663% |
| Trade receivables | 40 | - | €18,000 | +€18,000 | |
| Other amounts receivable | 41 | €3,144 | €5,995 | +€2,851 | +90.7% |
| Cash at bank and in hand | 54/58 | €104 | - | -€104 | |
| Deferred charges and accrued income | 490/1 | €93 | €29,194 | +€29,101 | +31,359% |
| Total equity and liabilities | 10/49 | €3,340 | €53,189 | +€49,848 | +1,492% |
| Equity | 10/15 | -€33,464 | €9,942 | +€43,406 | |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,464 | -€30,058 | +€43,406 | +59.1% |
| Amounts payable | 17/49 | €36,804 | €43,247 | +€6,442 | +17.5% |
| Amounts payable within one year | 42/48 | €36,020 | €42,847 | +€6,827 | +19.0% |
| Trade debts | 44 | €3,577 | €5,700 | +€2,123 | +59.3% |
| Suppliers | 440/4 | €3,577 | €5,700 | +€2,123 | +59.3% |
| Other amounts payable | 47/48 | €32,442 | €37,147 | +€4,705 | +14.5% |
| Accrued charges and deferred income | 492/3 | €785 | €400 | -€385 | -49.1% |
| Other operating charges | 640/8 | €1,250 | €400 | -€851 | -68.0% |
| Gross operating margin | 9900 | -€3,323 | €44,805 | +€48,128 | |
| Operating profit (loss) | 9901 | -€4,573 | €44,406 | +€48,979 | |
| Financial income | 75/76B | €93 | €194 | +€101 | +109% |
| Recurring financial income | 75 | €93 | €194 | +€101 | +109% |
| Financial charges | 65/66B | €707 | €1,193 | +€487 | +68.9% |
| Recurring financial charges | 65 | €707 | €1,193 | +€487 | +68.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,187 | €43,406 | +€48,593 | |
| Profit (loss) for the period | 9904 | -€5,187 | €43,406 | +€48,593 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,187 | €43,406 | +€48,593 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.