VGManou: 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.
VGManou
Largest movements
- Receivables within one year +€7,000
up €7,000 (+31.8%), from €22,000 to €29,000
of which Trade receivables: +€7,000
- Profit (loss) carried forward +€7,051
up €7,051 (+29.7%), from -€23,730 to -€16,679
- Gross operating margin +€1,664
up €1,664 (+17.4%), from €9,556 to €11,220
- Other operating charges +€120
up €120 (+3.1%), from €3,876 to €3,996
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.
Cash bridge derived
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 | €254,958 | €261,723 | +€6,764 | +2.7% |
| Fixed assets | 21/28 | €231,492 | €231,492 | = | 0.0% |
| Tangible fixed assets | 22/27 | €231,492 | €231,492 | = | 0.0% |
| Land and buildings | 22 | €231,492 | €231,492 | = | 0.0% |
| Current assets | 29/58 | €23,467 | €30,231 | +€6,764 | +28.8% |
| Amounts receivable within one year | 40/41 | €22,000 | €29,000 | +€7,000 | +31.8% |
| Trade receivables | 40 | €5,000 | €12,000 | +€7,000 | +140.0% |
| Other amounts receivable | 41 | €17,000 | €17,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €741 | €356 | -€385 | -51.9% |
| Deferred charges and accrued income | 490/1 | €725 | €875 | +€149 | +20.6% |
| Total equity and liabilities | 10/49 | €254,958 | €261,723 | +€6,764 | +2.7% |
| Equity | 10/15 | €202,753 | €209,804 | +€7,051 | +3.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €7,891 | €7,891 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,080 | €1,080 | = | 0.0% |
| Distributable reserves | 133 | €6,811 | €6,811 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,730 | -€16,679 | +€7,051 | +29.7% |
| Amounts payable | 17/49 | €52,206 | €51,919 | -€287 | -0.5% |
| Amounts payable within one year | 42/48 | €52,206 | €51,919 | -€287 | -0.5% |
| Trade debts | 44 | €1,624 | €1,465 | -€158 | -9.7% |
| Suppliers | 440/4 | €1,624 | €1,465 | -€158 | -9.7% |
| Other amounts payable | 47/48 | €50,582 | €50,453 | -€129 | -0.3% |
| Other operating charges | 640/8 | €3,876 | €3,996 | +€120 | +3.1% |
| Gross operating margin | 9900 | €9,556 | €11,220 | +€1,664 | +17.4% |
| Operating profit (loss) | 9901 | €5,680 | €7,224 | +€1,544 | +27.2% |
| Financial charges | 65/66B | €203 | €173 | -€30 | -14.8% |
| Recurring financial charges | 65 | €203 | €173 | -€30 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €5,477 | €7,051 | +€1,574 | +28.7% |
| Profit (loss) for the period | 9904 | €5,477 | €7,051 | +€1,574 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,477 | €7,051 | +€1,574 | +28.7% |
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 12 October 2026 via checked.be.