VAIO: what changed
VAIO
Largest movements
- Receivables within one year +€53,021
up €53,021 (+45.3%), from €116,923 to €169,944
of which Trade receivables: +€39,515
- Cash -€20,207
down €20,207 (-89.9%), from €22,489 to €2,282
mainly Receivables within one year (-€53,021) and Debts after one year (-€19,690)
- Tangible fixed assets +€4,166
up €4,166 (+17.7%), from €23,586 to €27,752
of which Furniture and vehicles: +€4,395
- Profit (loss) carried forward +€29,861
up €29,861, from -€11,890 to €17,971
- Debts after one year -€19,690
down €19,690 (-44.6%), from €44,195 to €24,505
- Other debts +€19,571
new in 2025: €19,571
- Trade debts +€11,724
up €11,724 (+13.2%), from €88,820 to €100,544
- Tax, wage and social debts +€6,099
up €6,099 (+37.5%), from €16,286 to €22,385
of which Taxes: +€8,082
- Gross operating margin +€39,594
up €39,594 (+84.3%), from €46,992 to €86,587
- Staff costs +€16,631
up €16,631 (+286%), from €5,825 to €22,455
- Depreciation +€4,049
up €4,049 (+58.3%), from €6,951 to €11,001
- Taxes +€3,457
up €3,457 (+27.3%), from €12,683 to €16,140
- Financial charges -€1,037
down €1,037 (-15.8%), from €6,541 to €5,504
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €164,060 | €201,040 | +€36,980 | +22.5% |
| Fixed assets | 21/28 | €24,648 | €28,814 | +€4,166 | +16.9% |
| Tangible fixed assets | 22/27 | €23,586 | €27,752 | +€4,166 | +17.7% |
| Plant, machinery and equipment | 23 | €584 | €356 | -€228 | -39.1% |
| Furniture and vehicles | 24 | €23,002 | €27,397 | +€4,395 | +19.1% |
| Financial fixed assets | 28 | €1,062 | €1,062 | = | 0.0% |
| Current assets | 29/58 | €139,412 | €172,226 | +€32,814 | +23.5% |
| Amounts receivable within one year | 40/41 | €116,923 | €169,944 | +€53,021 | +45.3% |
| Trade receivables | 40 | €115,013 | €154,528 | +€39,515 | +34.4% |
| Other amounts receivable | 41 | €1,910 | €15,416 | +€13,505 | +707% |
| Cash at bank and in hand | 54/58 | €22,489 | €2,282 | -€20,207 | -89.9% |
| Total equity and liabilities | 10/49 | €164,060 | €201,040 | +€36,980 | +22.5% |
| Equity | 10/15 | -€2,430 | €22,431 | +€24,861 | |
| Contributions | 10/11 | €7,600 | €2,600 | -€5,000 | -65.8% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,890 | €17,971 | +€29,861 | |
| Amounts payable | 17/49 | €166,490 | €178,610 | +€12,120 | +7.3% |
| Amounts payable after more than one year | 17 | €44,195 | €24,505 | -€19,690 | -44.6% |
| Financial debts | 170/4 | €44,195 | €24,505 | -€19,690 | -44.6% |
| Amounts payable within one year | 42/48 | €122,295 | €154,105 | +€31,810 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €17,189 | €11,605 | -€5,584 | -32.5% |
| Trade debts | 44 | €88,820 | €100,544 | +€11,724 | +13.2% |
| Suppliers | 440/4 | €88,820 | €100,544 | +€11,724 | +13.2% |
| Taxes, remuneration and social security | 45 | €16,286 | €22,385 | +€6,099 | +37.5% |
| Taxes | 450/3 | €14,303 | €22,385 | +€8,082 | +56.5% |
| Remuneration and social security | 454/9 | €1,983 | - | -€1,983 | |
| Other amounts payable | 47/48 | - | €19,571 | +€19,571 | |
| Non-recurring operating income | 76A | €17,235 | - | -€17,235 | |
| Remuneration, social security and pensions | 62 | €5,825 | €22,455 | +€16,631 | +286% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,951 | €11,001 | +€4,049 | +58.3% |
| Other operating charges | 640/8 | €2,167 | €1,626 | -€541 | -25.0% |
| Gross operating margin | 9900 | €46,992 | €86,587 | +€39,594 | +84.3% |
| Operating profit (loss) | 9901 | €32,049 | €51,505 | +€19,455 | +60.7% |
| Financial income | 75/76B | €329 | - | -€329 | |
| Recurring financial income | 75 | €329 | - | -€329 | |
| Financial charges | 65/66B | €6,541 | €5,504 | -€1,037 | -15.8% |
| Recurring financial charges | 65 | €6,541 | €5,504 | -€1,037 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €25,838 | €46,001 | +€20,163 | +78.0% |
| Income taxes | 67/77 | €12,683 | €16,140 | +€3,457 | +27.3% |
| Profit (loss) for the period | 9904 | €13,155 | €29,861 | +€16,705 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €13,155 | €29,861 | +€16,705 | +127% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.