VIGEH: 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.
VIGEH
Largest movements
- Receivables within one year -€9,666
down €9,666 (-98.0%), from €9,863 to €197
- Cash +€5,904
up €5,904 (+97.4%), from €6,059 to €11,963
mainly Receivables within one year (+€9,666) and Depreciation (+€3,352)
- Tangible fixed assets -€3,352
down €3,352 (-10.6%), from €31,515 to €28,163
- Other debts -€9,699
down €9,699 (-49.7%), from €19,497 to €9,798
- Trade debts +€1,754
new in 2025: €1,754
- Profit (loss) carried forward +€830
up €830 (+3.8%), from €21,586 to €22,416
- Turnover -€5,385
down €5,385 (-12.5%), from €43,171 to €37,787
- Purchases and services -€4,008
down €4,008 (-11.1%), from €36,102 to €32,093
- Other operating charges -€3,327
down €3,327 (-76.6%), from €4,341 to €1,014
- Depreciation +€1,458
up €1,458 (+77.0%), from €1,894 to €3,352
- Gross operating margin -€1,377
down €1,377 (-19.5%), from €7,070 to €5,693
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 | €47,438 | €40,323 | -€7,115 | -15.0% |
| Fixed assets | 21/28 | €31,515 | €28,163 | -€3,352 | -10.6% |
| Tangible fixed assets | 22/27 | €31,515 | €28,163 | -€3,352 | -10.6% |
| Furniture and vehicles | 24 | €31,515 | €28,163 | -€3,352 | -10.6% |
| Current assets | 29/58 | €15,923 | €12,160 | -€3,763 | -23.6% |
| Amounts receivable within one year | 40/41 | €9,863 | €197 | -€9,666 | -98.0% |
| Other amounts receivable | 41 | €9,863 | €197 | -€9,666 | -98.0% |
| Cash at bank and in hand | 54/58 | €6,059 | €11,963 | +€5,904 | +97.4% |
| Total equity and liabilities | 10/49 | €47,438 | €40,323 | -€7,115 | -15.0% |
| Equity | 10/15 | €27,941 | €28,771 | +€830 | +3.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €158 | €158 | = | 0.0% |
| Non-distributable reserves | 130/1 | €158 | €158 | = | 0.0% |
| Reserves not available under the articles | 1311 | €158 | €158 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,586 | €22,416 | +€830 | +3.8% |
| Amounts payable | 17/49 | €19,497 | €11,552 | -€7,945 | -40.7% |
| Amounts payable within one year | 42/48 | €19,497 | €11,552 | -€7,945 | -40.7% |
| Trade debts | 44 | - | €1,754 | +€1,754 | |
| Suppliers | 440/4 | - | €1,754 | +€1,754 | |
| Other amounts payable | 47/48 | €19,497 | €9,798 | -€9,699 | -49.7% |
| Turnover | 70 | €43,171 | €37,787 | -€5,385 | -12.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €36,102 | €32,093 | -€4,008 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,894 | €3,352 | +€1,458 | +77.0% |
| Other operating charges | 640/8 | €4,341 | €1,014 | -€3,327 | -76.6% |
| Gross operating margin | 9900 | €7,070 | €5,693 | -€1,377 | -19.5% |
| Operating profit (loss) | 9901 | €834 | €1,327 | +€492 | +59.0% |
| Financial charges | 65/66B | €125 | €125 | = | 0.0% |
| Recurring financial charges | 65 | €125 | €125 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €710 | €1,202 | +€492 | +69.4% |
| Income taxes | 67/77 | €108 | €372 | +€264 | +243.4% |
| Profit (loss) for the period | 9904 | €601 | €830 | +€229 | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €601 | €830 | +€229 | +38.0% |
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 10 October 2026 via checked.be.