VG LAW: 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 LAW
Largest movements
- Current investments +€55,851
new in 2025: €55,851
- Cash -€28,925
down €28,925 (-58.5%), from €49,466 to €20,541
mainly Current investments (-€55,851) and Tax, wage and social debts (-€1,717)
- Receivables within one year -€1,396
down €1,396 (-72.7%), from €1,919 to €523
- Profit (loss) carried forward +€27,921
up €27,921 (+66.8%), from €41,812 to €69,733
- Tax, wage and social debts -€1,717
down €1,717 (-29.0%), from €5,917 to €4,200
- Taxes +€11,458
new in 2025: €11,458
- Financial charges +€1,675
new in 2025: €1,675
- Gross operating margin -€1,375
down €1,375 (-3.3%), from €41,802 to €40,427
- Financial income +€802
up €802 (+7,985%), from €10 to €812
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 | €51,385 | €76,916 | +€25,531 | +49.7% |
| Current assets | 29/58 | €51,385 | €76,916 | +€25,531 | +49.7% |
| Amounts receivable within one year | 40/41 | €1,919 | €523 | -€1,396 | -72.7% |
| Other amounts receivable | 41 | €1,919 | €523 | -€1,396 | -72.7% |
| Current investments | 50/53 | - | €55,851 | +€55,851 | |
| Cash at bank and in hand | 54/58 | €49,466 | €20,541 | -€28,925 | -58.5% |
| Total equity and liabilities | 10/49 | €51,385 | €76,916 | +€25,531 | +49.7% |
| Equity | 10/15 | €44,312 | €72,233 | +€27,921 | +63.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,812 | €69,733 | +€27,921 | +66.8% |
| Amounts payable | 17/49 | €7,074 | €4,683 | -€2,390 | -33.8% |
| Amounts payable within one year | 42/48 | €7,074 | €4,683 | -€2,390 | -33.8% |
| Trade debts | 44 | €1,156 | €483 | -€673 | -58.2% |
| Suppliers | 440/4 | €1,156 | €483 | -€673 | -58.2% |
| Taxes, remuneration and social security | 45 | €5,917 | €4,200 | -€1,717 | -29.0% |
| Taxes | 450/3 | €5,917 | €4,200 | -€1,717 | -29.0% |
| Other operating charges | 640/8 | - | €184 | +€184 | |
| Gross operating margin | 9900 | €41,802 | €40,427 | -€1,375 | -3.3% |
| Operating profit (loss) | 9901 | €41,802 | €40,243 | -€1,559 | -3.7% |
| Financial income | 75/76B | €10 | €812 | +€802 | +7,985% |
| Recurring financial income | 75 | €10 | €812 | +€802 | +7,985% |
| Financial charges | 65/66B | - | €1,675 | +€1,675 | |
| Recurring financial charges | 65 | - | €1,675 | +€1,675 | |
| Profit (loss) for the period before taxes | 9903 | €41,812 | €39,380 | -€2,432 | -5.8% |
| Income taxes | 67/77 | - | €11,458 | +€11,458 | |
| Profit (loss) for the period | 9904 | €41,812 | €27,921 | -€13,890 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,812 | €27,921 | -€13,890 | -33.2% |
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 17 October 2026 via checked.be.