VOGUE MERRY: 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.
VOGUE MERRY
Largest movements
- Cash -€15,906
down €15,906 (-82.5%), from €19,291 to €3,384
mainly Trade debts (-€16,597) and Investment in fixed assets (net) (-€14,785)
- Tangible fixed assets +€9,857
new in 2025: €9,857
- Receivables within one year -€8,578
down €8,578 (-51.3%), from €16,720 to €8,142
- Trade debts -€16,597
down €16,597 (-77.5%), from €21,406 to €4,809
- Profit (loss) carried forward +€2,454
up €2,454 (+29.1%), from €8,430 to €10,884
- Tax, wage and social debts -€484
down €484 (-12.9%), from €3,738 to €3,254
- Depreciation +€4,928
new in 2025: €4,928
- Gross operating margin -€4,868
down €4,868 (-36.6%), from €13,284 to €8,417
- Taxes -€2,171
no longer reported in 2025 (was €2,171)
- Other operating charges +€1,267
up €1,267 (+2,391%), from €53 to €1,320
- Financial income +€332
new in 2025: €332
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 | €36,010 | €21,383 | -€14,627 | -40.6% |
| Fixed assets | 21/28 | - | €9,857 | +€9,857 | |
| Tangible fixed assets | 22/27 | - | €9,857 | +€9,857 | |
| Furniture and vehicles | 24 | - | €9,857 | +€9,857 | |
| Current assets | 29/58 | €36,010 | €11,526 | -€24,484 | -68.0% |
| Amounts receivable within one year | 40/41 | €16,720 | €8,142 | -€8,578 | -51.3% |
| Trade receivables | 40 | €16,720 | €8,142 | -€8,578 | -51.3% |
| Cash at bank and in hand | 54/58 | €19,291 | €3,384 | -€15,906 | -82.5% |
| Total equity and liabilities | 10/49 | €36,010 | €21,383 | -€14,627 | -40.6% |
| Equity | 10/15 | €10,430 | €12,884 | +€2,454 | +23.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,430 | €10,884 | +€2,454 | +29.1% |
| Amounts payable | 17/49 | €25,580 | €8,499 | -€17,081 | -66.8% |
| Amounts payable within one year | 42/48 | €25,580 | €8,499 | -€17,081 | -66.8% |
| Trade debts | 44 | €21,406 | €4,809 | -€16,597 | -77.5% |
| Suppliers | 440/4 | €21,406 | €4,809 | -€16,597 | -77.5% |
| Taxes, remuneration and social security | 45 | €3,738 | €3,254 | -€484 | -12.9% |
| Taxes | 450/3 | €3,738 | €3,254 | -€484 | -12.9% |
| Other amounts payable | 47/48 | €436 | €436 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,928 | +€4,928 | |
| Other operating charges | 640/8 | €53 | €1,320 | +€1,267 | +2,391% |
| Gross operating margin | 9900 | €13,284 | €8,417 | -€4,868 | -36.6% |
| Operating profit (loss) | 9901 | €13,231 | €2,168 | -€11,063 | -83.6% |
| Financial income | 75/76B | - | €332 | +€332 | |
| Recurring financial income | 75 | - | €332 | +€332 | |
| Financial charges | 65/66B | €131 | €46 | -€85 | -64.7% |
| Recurring financial charges | 65 | €131 | €46 | -€85 | -64.7% |
| Non-recurring financial charges | 66B | €131 | €46 | -€85 | -64.7% |
| Profit (loss) for the period before taxes | 9903 | €13,100 | €2,454 | -€10,646 | -81.3% |
| Income taxes | 67/77 | €2,171 | - | -€2,171 | |
| Profit (loss) for the period | 9904 | €10,929 | €2,454 | -€8,475 | -77.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,929 | €2,454 | -€8,475 | -77.5% |
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 29 October 2026 via checked.be.