VIE-GO: 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.
VIE-GO
Largest movements
- Receivables within one year +€261,374
up €261,374 (+3,323%), from €7,865 to €269,239
of which Trade receivables: +€209,360
- Other debts +€194,795
up €194,795 (+45.9%), from €424,206 to €619,001
- Debts after one year +€75,115
up €75,115 (+11.5%), from €651,054 to €726,169
- Advances received -€25,000
down €25,000 (-100%), from €25,000 to €0
- Gross operating margin -€75,981
down €75,981 (-32.9%), from €231,173 to €155,192
- Financial income +€44,980
up €44,980 (+224,900%), from €20 to €45,000
- Taxes -€21,273
down €21,273 (-38.7%), from €55,031 to €33,758
- Financial charges +€3,772
up €3,772 (+8.7%), from €43,525 to €47,297
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 | €1,873,746 | €2,134,921 | +€261,174 | +13.9% |
| Fixed assets | 21/28 | €1,860,770 | €1,860,500 | -€270 | 0.0% |
| Tangible fixed assets | 22/27 | €270 | €0 | -€270 | -100% |
| Furniture and vehicles | 24 | €270 | €0 | -€270 | -100% |
| Financial fixed assets | 28 | €1,860,500 | €1,860,500 | = | 0.0% |
| Current assets | 29/58 | €12,976 | €274,421 | +€261,444 | +2,015% |
| Amounts receivable within one year | 40/41 | €7,865 | €269,239 | +€261,374 | +3,323% |
| Trade receivables | 40 | €7,865 | €217,225 | +€209,360 | +2,662% |
| Other amounts receivable | 41 | - | €52,014 | +€52,014 | |
| Cash at bank and in hand | 54/58 | €5,111 | €4,832 | -€280 | -5.5% |
| Deferred charges and accrued income | 490/1 | - | €350 | +€350 | |
| Total equity and liabilities | 10/49 | €1,873,746 | €2,134,921 | +€261,174 | +13.9% |
| Equity | 10/15 | €584,403 | €604,570 | +€20,167 | +3.5% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €334,403 | €354,570 | +€20,167 | +6.0% |
| Distributable reserves | 133 | €334,403 | €354,570 | +€20,167 | +6.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,289,344 | €1,530,350 | +€241,007 | +18.7% |
| Amounts payable after more than one year | 17 | €651,054 | €726,169 | +€75,115 | +11.5% |
| Financial debts | 170/4 | €651,054 | €726,169 | +€75,115 | +11.5% |
| Amounts payable within one year | 42/48 | €607,027 | €766,243 | +€159,217 | +26.2% |
| Current portion of amounts payable after more than one year | 42 | €107,317 | €109,885 | +€2,568 | +2.4% |
| Trade debts | 44 | €3,696 | €225 | -€3,471 | -93.9% |
| Suppliers | 440/4 | €3,696 | €225 | -€3,471 | -93.9% |
| Advances received on contracts in progress | 46 | €25,000 | €0 | -€25,000 | -100% |
| Taxes, remuneration and social security | 45 | €46,807 | €37,132 | -€9,675 | -20.7% |
| Taxes | 450/3 | €46,807 | €37,132 | -€9,675 | -20.7% |
| Other amounts payable | 47/48 | €424,206 | €619,001 | +€194,795 | +45.9% |
| Accrued charges and deferred income | 492/3 | €31,263 | €37,938 | +€6,675 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €429 | €270 | -€159 | -37.0% |
| Other operating charges | 640/8 | €126 | €378 | +€252 | +200% |
| Gross operating margin | 9900 | €231,173 | €155,192 | -€75,981 | -32.9% |
| Operating profit (loss) | 9901 | €230,618 | €154,544 | -€76,074 | -33.0% |
| Financial income | 75/76B | €20 | €45,000 | +€44,980 | +224,900% |
| Recurring financial income | 75 | €20 | €45,000 | +€44,980 | +224,900% |
| Financial charges | 65/66B | €43,525 | €47,297 | +€3,772 | +8.7% |
| Recurring financial charges | 65 | €43,525 | €47,297 | +€3,772 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €187,113 | €152,247 | -€34,865 | -18.6% |
| Income taxes | 67/77 | €55,031 | €33,758 | -€21,273 | -38.7% |
| Profit (loss) for the period | 9904 | €132,081 | €118,489 | -€13,592 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €132,081 | €118,489 | -€13,592 | -10.3% |
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 29 October 2026 via checked.be.