VGIT: 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.
VGIT
Largest movements
- Cash +€110,376
up €110,376 (+1384.3%), from €7,973 to €118,349
mainly Current investments (+€66,000) and Other debts (+€61,800)
- Current investments -€66,000
no longer reported in 2025 (was €66,000)
- Deferred charges and accrued income +€1,718
new in 2025: €1,718
- Other debts +€61,800
new in 2025: €61,800
- Reserves -€21,000
down €21,000 (-26.9%), from €78,000 to €57,000
- Trade debts +€7,506
up €7,506 (+818.4%), from €917 to €8,423
- Profit (loss) carried forward -€1,835
down €1,835 (-95.4%), from €1,922 to €87
- Taxes -€3,997
down €3,997 (-27.6%), from €14,501 to €10,504
- Financial charges +€2,132
up €2,132 (+1555.4%), from €137 to €2,269
- Gross operating margin -€1,898
down €1,898 (-3.4%), from €56,419 to €54,521
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 | €95,314 | €141,065 | +€45,751 | +48.0% |
| Fixed assets | 21/28 | €5,193 | €5,118 | -€75 | -1.4% |
| Tangible fixed assets | 22/27 | €5,193 | €5,118 | -€75 | -1.4% |
| Furniture and vehicles | 24 | €5,193 | €5,118 | -€75 | -1.4% |
| Current assets | 29/58 | €90,121 | €135,947 | +€45,826 | +50.8% |
| Amounts receivable within one year | 40/41 | €16,148 | €15,879 | -€269 | -1.7% |
| Trade receivables | 40 | €12,584 | €12,223 | -€361 | -2.9% |
| Other amounts receivable | 41 | €3,564 | €3,656 | +€92 | +2.6% |
| Current investments | 50/53 | €66,000 | - | -€66,000 | |
| Cash at bank and in hand | 54/58 | €7,973 | €118,349 | +€110,376 | +1384.3% |
| Deferred charges and accrued income | 490/1 | - | €1,718 | +€1,718 | |
| Total equity and liabilities | 10/49 | €95,314 | €141,065 | +€45,751 | +48.0% |
| Equity | 10/15 | €81,922 | €59,087 | -€22,835 | -27.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €78,000 | €57,000 | -€21,000 | -26.9% |
| Distributable reserves | 133 | €78,000 | €57,000 | -€21,000 | -26.9% |
| Profit (loss) carried forward | 14 | €1,922 | €87 | -€1,835 | -95.4% |
| Amounts payable | 17/49 | €13,391 | €81,977 | +€68,586 | +512.2% |
| Amounts payable within one year | 42/48 | €13,391 | €81,977 | +€68,586 | +512.2% |
| Trade debts | 44 | €917 | €8,423 | +€7,506 | +818.4% |
| Suppliers | 440/4 | €917 | €8,423 | +€7,506 | +818.4% |
| Taxes, remuneration and social security | 45 | €12,474 | €11,754 | -€720 | -5.8% |
| Taxes | 450/3 | €12,474 | €11,754 | -€720 | -5.8% |
| Other amounts payable | 47/48 | - | €61,800 | +€61,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,137 | €2,177 | +€40 | +1.9% |
| Other operating charges | 640/8 | €888 | €1,147 | +€259 | +29.2% |
| Gross operating margin | 9900 | €56,419 | €54,521 | -€1,898 | -3.4% |
| Operating profit (loss) | 9901 | €53,395 | €51,198 | -€2,197 | -4.1% |
| Financial income | 75/76B | - | €541 | +€541 | |
| Recurring financial income | 75 | - | €541 | +€541 | |
| Financial charges | 65/66B | €137 | €2,269 | +€2,132 | +1555.4% |
| Recurring financial charges | 65 | €137 | €2,269 | +€2,132 | +1555.4% |
| Profit (loss) for the period before taxes | 9903 | €53,257 | €49,469 | -€3,789 | -7.1% |
| Income taxes | 67/77 | €14,501 | €10,504 | -€3,997 | -27.6% |
| Profit (loss) for the period | 9904 | €38,757 | €38,965 | +€208 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,757 | €38,965 | +€208 | +0.5% |
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 12 October 2026 via checked.be.