Made by VIGO: 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.
Made by VIGO
Largest movements
- Receivables within one year +€40,812
up €40,812 (+268%), from €15,230 to €56,041
of which Trade receivables: +€25,108
- Cash -€39,937
down €39,937 (-23.2%), from €172,212 to €132,275
mainly Receivables within one year (-€40,812) and Debts after one year (-€33,561)
- Tangible fixed assets -€18,804
down €18,804 (-2.7%), from €699,800 to €680,996
- Debts after one year -€33,561
down €33,561 (-5.6%), from €597,607 to €564,046
- Profit (loss) carried forward +€18,671
up €18,671 (+41.0%), from -€45,574 to -€26,904
- Depreciation -€81,318
down €81,318 (-79.5%), from €102,315 to €20,997
- Financial charges +€19,475
up €19,475 (+733%), from €2,657 to €22,132
- Gross operating margin +€4,871
up €4,871 (+8.1%), from €60,350 to €65,221
- Other operating charges +€2,244
up €2,244 (+236%), from €951 to €3,195
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 | €888,520 | €874,529 | -€13,991 | -1.6% |
| Fixed assets | 21/28 | €699,800 | €680,996 | -€18,804 | -2.7% |
| Tangible fixed assets | 22/27 | €699,800 | €680,996 | -€18,804 | -2.7% |
| Leasing and similar rights | 25 | €699,800 | €680,996 | -€18,804 | -2.7% |
| Current assets | 29/58 | €188,720 | €193,533 | +€4,813 | +2.6% |
| Amounts receivable within one year | 40/41 | €15,230 | €56,041 | +€40,812 | +268% |
| Trade receivables | 40 | €15,125 | €40,233 | +€25,108 | +166% |
| Other amounts receivable | 41 | €105 | €15,809 | +€15,704 | +15,016% |
| Cash at bank and in hand | 54/58 | €172,212 | €132,275 | -€39,937 | -23.2% |
| Deferred charges and accrued income | 490/1 | €1,278 | €5,216 | +€3,938 | +308% |
| Total equity and liabilities | 10/49 | €888,520 | €874,529 | -€13,991 | -1.6% |
| Equity | 10/15 | -€43,574 | -€24,904 | +€18,671 | +42.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,574 | -€26,904 | +€18,671 | +41.0% |
| Amounts payable | 17/49 | €932,095 | €899,433 | -€32,662 | -3.5% |
| Amounts payable after more than one year | 17 | €597,607 | €564,046 | -€33,561 | -5.6% |
| Financial debts | 170/4 | €597,607 | €564,046 | -€33,561 | -5.6% |
| Amounts payable within one year | 42/48 | €332,563 | €335,387 | +€2,825 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €32,393 | €33,561 | +€1,168 | +3.6% |
| Trade debts | 44 | €17 | €2,730 | +€2,713 | +16,023% |
| Suppliers | 440/4 | €17 | €2,730 | +€2,713 | +16,023% |
| Taxes, remuneration and social security | 45 | €10,153 | €8,876 | -€1,276 | -12.6% |
| Taxes | 450/3 | €10,153 | €8,876 | -€1,276 | -12.6% |
| Other amounts payable | 47/48 | €290,000 | €290,220 | +€220 | +0.1% |
| Accrued charges and deferred income | 492/3 | €1,925 | - | -€1,925 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,315 | €20,997 | -€81,318 | -79.5% |
| Other operating charges | 640/8 | €951 | €3,195 | +€2,244 | +236% |
| Gross operating margin | 9900 | €60,350 | €65,221 | +€4,871 | +8.1% |
| Operating profit (loss) | 9901 | -€42,917 | €41,028 | +€83,945 | |
| Financial charges | 65/66B | €2,657 | €22,132 | +€19,475 | +733% |
| Recurring financial charges | 65 | €2,657 | €22,132 | +€19,475 | +733% |
| Profit (loss) for the period before taxes | 9903 | -€45,574 | €18,896 | +€64,470 | |
| Income taxes | 67/77 | - | €226 | +€226 | |
| Profit (loss) for the period | 9904 | -€45,574 | €18,671 | +€64,245 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,574 | €18,671 | +€64,245 |
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 21 October 2026 via checked.be.