VGD International: what changed
VGD International
Largest movements
- Cash -€84,032
down €84,032 (-67.0%), from €125,375 to €41,342
mainly Other debts (-€123,529) and Contributions, distributions and other (-€100,000)
- Financial fixed assets +€30,982
up €30,982 (+7.7%), from €404,911 to €435,893
- Other debts -€123,529
down €123,529 (-59.2%), from €208,529 to €85,000
- Profit (loss) carried forward +€77,937
up €77,937 (+28.2%), from €276,203 to €354,140
- Tax, wage and social debts -€7,500
down €7,500 (-33.3%), from €22,500 to €15,000
- Financial income -€103,808
down €103,808 (-36.6%), from €283,808 to €180,000
- Financial charges -€189
down €189 (-80.8%), from €234 to €45
- Other operating charges +€171
up €171 (+36.2%), from €472 to €643
- Gross operating margin -€44
down €44 (-3.3%), from -€1,331 to -€1,375
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 | €530,285 | €477,235 | -€53,050 | -10.0% |
| Fixed assets | 21/28 | €404,911 | €435,893 | +€30,982 | +7.7% |
| Financial fixed assets | 28 | €404,911 | €435,893 | +€30,982 | +7.7% |
| Current assets | 29/58 | €125,375 | €41,342 | -€84,032 | -67.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €125,375 | €41,342 | -€84,032 | -67.0% |
| Total equity and liabilities | 10/49 | €530,285 | €477,235 | -€53,050 | -10.0% |
| Equity | 10/15 | €298,203 | €376,140 | +€77,937 | +26.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €276,203 | €354,140 | +€77,937 | +28.2% |
| Amounts payable | 17/49 | €232,082 | €101,095 | -€130,987 | -56.4% |
| Amounts payable within one year | 42/48 | €232,082 | €101,095 | -€130,987 | -56.4% |
| Trade debts | 44 | €1,053 | €1,095 | +€42 | +4.0% |
| Suppliers | 440/4 | €1,053 | €1,095 | +€42 | +4.0% |
| Taxes, remuneration and social security | 45 | €22,500 | €15,000 | -€7,500 | -33.3% |
| Taxes | 450/3 | €22,500 | €15,000 | -€7,500 | -33.3% |
| Other amounts payable | 47/48 | €208,529 | €85,000 | -€123,529 | -59.2% |
| Other operating charges | 640/8 | €472 | €643 | +€171 | +36.2% |
| Gross operating margin | 9900 | -€1,331 | -€1,375 | -€44 | -3.3% |
| Operating profit (loss) | 9901 | -€1,803 | -€2,018 | -€215 | -11.9% |
| Financial income | 75/76B | €283,808 | €180,000 | -€103,808 | -36.6% |
| Recurring financial income | 75 | €283,808 | €180,000 | -€103,808 | -36.6% |
| Financial charges | 65/66B | €234 | €45 | -€189 | -80.8% |
| Recurring financial charges | 65 | €234 | €45 | -€189 | -80.8% |
| Profit (loss) for the period before taxes | 9903 | €281,770 | €177,937 | -€103,833 | -36.9% |
| Profit (loss) for the period | 9904 | €281,770 | €177,937 | -€103,833 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €281,770 | €177,937 | -€103,833 | -36.9% |
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 3 November 2026 via checked.be.