LE VUGO: what changed
Two fiscal 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.
LE VUGO
Largest movements
- Tangible fixed assets +€834,968
up €834,968 (+1070.8%), from €77,973 to €912,942
of which Land and buildings: +€826,506
- Receivables within one year -€60,657
down €60,657 (-93.9%), from €64,565 to €3,908
of which Trade receivables: -€64,564
- Cash +€16,599
up €16,599 (+21.0%), from €79,040 to €95,638
mainly Debts after one year (+€802,330) and Depreciation (+€88,211)
- Debts after one year +€802,330
up €802,330 (+2616.6%), from €30,663 to €832,993
- Profit (loss) carried forward -€53,662
down €53,662 (-93.0%), from €57,701 to €4,039
- Current portion of long-term debt +€50,830
up €50,830 (+544.4%), from €9,337 to €60,167
- Trade debts -€12,040
down €12,040 (-34.4%), from €34,968 to €22,928
- Depreciation +€80,684
up €80,684 (+1072.0%), from €7,527 to €88,211
- Staff costs +€76,007
up €76,007 (+136.8%), from €55,550 to €131,556
- Gross operating margin +€51,088
up €51,088 (+35.7%), from €143,199 to €194,287
- Financial charges +€20,873
up €20,873 (+1250.4%), from €1,669 to €22,542
- Taxes -€19,456
no longer reported in 2025 (was €19,456)
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 | €249,673 | €1,035,931 | +€786,258 | +314.9% |
| Fixed assets | 21/28 | €77,973 | €912,942 | +€834,968 | +1070.8% |
| Tangible fixed assets | 22/27 | €77,973 | €912,942 | +€834,968 | +1070.8% |
| Land and buildings | 22 | - | €826,506 | +€826,506 | |
| Plant, machinery and equipment | 23 | €47,288 | €57,700 | +€10,413 | +22.0% |
| Furniture and vehicles | 24 | €30,686 | €28,735 | -€1,951 | -6.4% |
| Current assets | 29/58 | €171,700 | €122,990 | -€48,710 | -28.4% |
| Stocks and contracts in progress | 3 | €28,096 | €22,459 | -€5,637 | -20.1% |
| Stocks | 30/36 | €28,096 | €22,459 | -€5,637 | -20.1% |
| Amounts receivable within one year | 40/41 | €64,565 | €3,908 | -€60,657 | -93.9% |
| Trade receivables | 40 | €64,564 | - | -€64,564 | |
| Other amounts receivable | 41 | €1 | €3,908 | +€3,908 | +620241.3% |
| Cash at bank and in hand | 54/58 | €79,040 | €95,638 | +€16,599 | +21.0% |
| Deferred charges and accrued income | 490/1 | - | €985 | +€985 | |
| Total equity and liabilities | 10/49 | €249,673 | €1,035,931 | +€786,258 | +314.9% |
| Equity | 10/15 | €59,701 | €6,039 | -€53,662 | -89.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,701 | €4,039 | -€53,662 | -93.0% |
| Amounts payable | 17/49 | €189,972 | €1,029,892 | +€839,920 | +442.1% |
| Amounts payable after more than one year | 17 | €30,663 | €832,993 | +€802,330 | +2616.6% |
| Financial debts | 170/4 | €30,663 | €832,993 | +€802,330 | +2616.6% |
| Amounts payable within one year | 42/48 | €159,309 | €196,899 | +€37,591 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €9,337 | €60,167 | +€50,830 | +544.4% |
| Trade debts | 44 | €34,968 | €22,928 | -€12,040 | -34.4% |
| Suppliers | 440/4 | €34,968 | €22,928 | -€12,040 | -34.4% |
| Advances received on contracts in progress | 46 | €70 | €401 | +€331 | +472.1% |
| Taxes, remuneration and social security | 45 | €33,746 | €35,071 | +€1,325 | +3.9% |
| Taxes | 450/3 | €24,580 | €19,456 | -€5,125 | -20.8% |
| Remuneration and social security | 454/9 | €9,166 | €15,616 | +€6,449 | +70.4% |
| Other amounts payable | 47/48 | €81,188 | €78,333 | -€2,855 | -3.5% |
| Remuneration, social security and pensions | 62 | €55,550 | €131,556 | +€76,007 | +136.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,527 | €88,211 | +€80,684 | +1072.0% |
| Other operating charges | 640/8 | €1,298 | €5,641 | +€4,342 | +334.4% |
| Gross operating margin | 9900 | €143,199 | €194,287 | +€51,088 | +35.7% |
| Operating profit (loss) | 9901 | €78,824 | -€31,120 | -€109,945 | |
| Financial income | 75/76B | €2 | €1 | -€2 | -75.6% |
| Recurring financial income | 75 | €2 | €1 | -€2 | -75.6% |
| Financial charges | 65/66B | €1,669 | €22,542 | +€20,873 | +1250.4% |
| Recurring financial charges | 65 | €1,669 | €22,542 | +€20,873 | +1250.4% |
| Profit (loss) for the period before taxes | 9903 | €77,157 | -€53,662 | -€130,819 | |
| Income taxes | 67/77 | €19,456 | - | -€19,456 | |
| Profit (loss) for the period | 9904 | €57,701 | -€53,662 | -€111,363 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,701 | -€53,662 | -€111,363 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.