VIGEO: 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.
VIGEO
Largest movements
- Cash -€73,083
down €73,083 (-91.6%), from €79,791 to €6,708
mainly Investment in fixed assets (net) (-€44,959) and Debts after one year (-€43,618)
- Tangible fixed assets +€11,423
up €11,423 (+2.3%), from €503,653 to €515,076
- Debts after one year -€43,618
down €43,618 (-22.2%), from €196,481 to €152,863
- Trade debts -€19,715
no longer reported in 2025 (was €19,715)
- Gross operating margin -€4,237
down €4,237 (-9.9%), from €42,896 to €38,659
- Turnover -€2,523
down €2,523 (-4.1%), from €60,917 to €58,394
- Purchases and services +€1,714
up €1,714 (+9.5%), from €18,021 to €19,735
- Financial charges -€1,138
down €1,138 (-13.0%), from €8,732 to €7,594
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 | €583,444 | €522,907 | -€60,537 | -10.4% |
| Fixed assets | 21/28 | €503,653 | €515,076 | +€11,423 | +2.3% |
| Tangible fixed assets | 22/27 | €503,653 | €515,076 | +€11,423 | +2.3% |
| Land and buildings | 22 | €503,653 | €515,076 | +€11,423 | +2.3% |
| Current assets | 29/58 | €79,791 | €7,831 | -€71,960 | -90.2% |
| Cash at bank and in hand | 54/58 | €79,791 | €6,708 | -€73,083 | -91.6% |
| Deferred charges and accrued income | 490/1 | - | €1,123 | +€1,123 | |
| Total equity and liabilities | 10/49 | €583,444 | €522,907 | -€60,537 | -10.4% |
| Equity | 10/15 | €89,764 | €87,293 | -€2,471 | -2.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €27,764 | €27,764 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,250 | €2,250 | = | 0.0% |
| Legal reserve | 130 | €2,250 | €2,250 | = | 0.0% |
| Distributable reserves | 133 | €25,514 | €25,514 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,471 | -€2,471 | |
| Amounts payable | 17/49 | €493,680 | €435,614 | -€58,066 | -11.8% |
| Amounts payable after more than one year | 17 | €196,481 | €152,863 | -€43,618 | -22.2% |
| Financial debts | 170/4 | €196,481 | €152,863 | -€43,618 | -22.2% |
| Amounts payable within one year | 42/48 | €297,199 | €282,751 | -€14,448 | -4.9% |
| Financial debts | 43 | €42,728 | €43,618 | +€890 | +2.1% |
| Credit institutions | 430/8 | €42,728 | €43,618 | +€890 | +2.1% |
| Trade debts | 44 | €19,715 | - | -€19,715 | |
| Suppliers | 440/4 | €19,715 | - | -€19,715 | |
| Other amounts payable | 47/48 | €234,756 | €239,133 | +€4,377 | +1.9% |
| Turnover | 70 | €60,917 | €58,394 | -€2,523 | -4.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €18,021 | €19,735 | +€1,714 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,081 | €33,536 | +€455 | +1.4% |
| Gross operating margin | 9900 | €42,896 | €38,659 | -€4,237 | -9.9% |
| Operating profit (loss) | 9901 | €9,815 | €5,123 | -€4,692 | -47.8% |
| Financial charges | 65/66B | €8,732 | €7,594 | -€1,138 | -13.0% |
| Recurring financial charges | 65 | €8,732 | €7,594 | -€1,138 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €1,083 | -€2,471 | -€3,554 | |
| Profit (loss) for the period | 9904 | €1,083 | -€2,471 | -€3,554 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,083 | -€2,471 | -€3,554 |
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 17 October 2026 via checked.be.