VGL@work: 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.
VGL@work
Largest movements
- Tangible fixed assets +€14,377
up €14,377 (+49.3%), from €29,179 to €43,556
of which Leasing and similar rights: +€38,756
- Receivables within one year +€10,435
up €10,435 (+223%), from €4,674 to €15,109
- Debts after one year +€17,723
new in 2024: €17,723
- Profit (loss) carried forward -€13,862
down €13,862, from €2,841 to -€11,021
- Tax, wage and social debts +€6,975
up €6,975 (+706%), from €988 to €7,963
- Short-term financial debts +€6,676
new in 2024: €6,676
- Trade debts +€3,760
up €3,760 (+416%), from €904 to €4,664
- Gross operating margin -€18,162
down €18,162 (-95.4%), from €19,029 to €867
- Depreciation -€9,823
down €9,823 (-64.5%), from €15,230 to €5,407
- Taxes -€787
no longer reported in 2024 (was €787)
- Financial charges +€778
up €778 (+5,187%), from €15 to €793
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,939 | €58,667 | +€24,728 | +72.9% |
| Fixed assets | 21/28 | €29,179 | €43,556 | +€14,377 | +49.3% |
| Tangible fixed assets | 22/27 | €29,179 | €43,556 | +€14,377 | +49.3% |
| Plant, machinery and equipment | 23 | €4,321 | €4,800 | +€479 | +11.1% |
| Furniture and vehicles | 24 | €24,858 | - | -€24,858 | |
| Leasing and similar rights | 25 | - | €38,756 | +€38,756 | |
| Current assets | 29/58 | €4,760 | €15,111 | +€10,351 | +217% |
| Amounts receivable within one year | 40/41 | €4,674 | €15,109 | +€10,435 | +223% |
| Trade receivables | 40 | €4,674 | €15,109 | +€10,435 | +223% |
| Cash at bank and in hand | 54/58 | €86 | €2 | -€84 | -97.7% |
| Total equity and liabilities | 10/49 | €33,939 | €58,667 | +€24,728 | +72.9% |
| Equity | 10/15 | €5,841 | -€8,021 | -€13,862 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,841 | -€11,021 | -€13,862 | |
| Amounts payable | 17/49 | €28,098 | €66,688 | +€38,590 | +137% |
| Amounts payable after more than one year | 17 | - | €17,723 | +€17,723 | |
| Financial debts | 170/4 | - | €17,723 | +€17,723 | |
| Amounts payable within one year | 42/48 | €28,098 | €48,965 | +€20,867 | +74.3% |
| Financial debts | 43 | - | €6,676 | +€6,676 | |
| Credit institutions | 430/8 | - | €6,676 | +€6,676 | |
| Trade debts | 44 | €904 | €4,664 | +€3,760 | +416% |
| Suppliers | 440/4 | €904 | €4,664 | +€3,760 | +416% |
| Taxes, remuneration and social security | 45 | €988 | €7,963 | +€6,975 | +706% |
| Taxes | 450/3 | €988 | €7,963 | +€6,975 | +706% |
| Other amounts payable | 47/48 | €26,206 | €29,662 | +€3,456 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,230 | €5,407 | -€9,823 | -64.5% |
| Other operating charges | 640/8 | €156 | €200 | +€44 | +28.2% |
| Non-recurring operating charges | 66A | - | €8,329 | +€8,329 | |
| Gross operating margin | 9900 | €19,029 | €867 | -€18,162 | -95.4% |
| Operating profit (loss) | 9901 | €3,643 | -€13,069 | -€16,712 | |
| Financial charges | 65/66B | €15 | €793 | +€778 | +5,187% |
| Recurring financial charges | 65 | €15 | €793 | +€778 | +5,187% |
| Profit (loss) for the period before taxes | 9903 | €3,628 | -€13,862 | -€17,490 | |
| Income taxes | 67/77 | €787 | - | -€787 | |
| Profit (loss) for the period | 9904 | €2,841 | -€13,862 | -€16,703 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,841 | -€13,862 | -€16,703 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.