ViGi: 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.
ViGi
Largest movements
- Receivables within one year +€25,451
up €25,451 (+231%), from €11,004 to €36,456
of which Other amounts receivable: +€28,082
- Cash +€21,513
up €21,513 (+567%), from €3,792 to €25,306
mainly Accrued charges and deferred income (+€31,588) and Net result for the year (+€16,211)
- Tangible fixed assets -€5,809
down €5,809 (-54.3%), from €10,697 to €4,888
of which Leasing and similar rights: -€5,002
- Stocks and contracts -€1,832
down €1,832 (-22.9%), from €8,001 to €6,169
- Deferred charges and accrued income -€1,363
down €1,363 (-28.5%), from €4,784 to €3,421
- Accrued charges and deferred income +€31,588
new in 2025: €31,588
- Reserves +€12,312
up €12,312 (+133%), from €9,262 to €21,574
- Current portion of long-term debt -€12,049
no longer reported in 2025 (was €12,049)
- Other debts -€9,205
down €9,205 (-91.7%), from €10,038 to €833
- Trade debts +€8,636
up €8,636 (+215%), from €4,021 to €12,657
- Gross operating margin +€28,339
up €28,339 (+396%), from €7,153 to €35,493
- Taxes +€7,702
up €7,702 (+3,328%), from €231 to €7,933
- Depreciation -€3,750
down €3,750 (-70.6%), from €5,314 to €1,564
- Financial charges +€3,545
up €3,545 (+90.8%), from €3,904 to €7,450
- Other operating charges +€1,574
up €1,574 (+204%), from €770 to €2,344
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 | €38,279 | €76,240 | +€37,961 | +99.2% |
| Fixed assets | 21/28 | €10,697 | €4,888 | -€5,809 | -54.3% |
| Tangible fixed assets | 22/27 | €10,697 | €4,888 | -€5,809 | -54.3% |
| Plant, machinery and equipment | 23 | €173 | - | -€173 | |
| Leasing and similar rights | 25 | €5,002 | - | -€5,002 | |
| Other tangible fixed assets | 26 | €5,522 | €4,888 | -€634 | -11.5% |
| Current assets | 29/58 | €27,582 | €71,352 | +€43,770 | +159% |
| Stocks and contracts in progress | 3 | €8,001 | €6,169 | -€1,832 | -22.9% |
| Stocks | 30/36 | €8,001 | €6,169 | -€1,832 | -22.9% |
| Amounts receivable within one year | 40/41 | €11,004 | €36,456 | +€25,451 | +231% |
| Trade receivables | 40 | €10,379 | €7,748 | -€2,630 | -25.3% |
| Other amounts receivable | 41 | €626 | €28,707 | +€28,082 | +4,489% |
| Cash at bank and in hand | 54/58 | €3,792 | €25,306 | +€21,513 | +567% |
| Deferred charges and accrued income | 490/1 | €4,784 | €3,421 | -€1,363 | -28.5% |
| Total equity and liabilities | 10/49 | €38,279 | €76,240 | +€37,961 | +99.2% |
| Equity | 10/15 | €7,196 | €22,574 | +€15,378 | +214% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €9,262 | €21,574 | +€12,312 | +133% |
| Distributable reserves | 133 | €9,262 | €21,574 | +€12,312 | +133% |
| Profit (loss) carried forward | 14 | -€3,067 | - | +€3,067 | |
| Amounts payable | 17/49 | €31,083 | €53,666 | +€22,583 | +72.7% |
| Amounts payable within one year | 42/48 | €31,083 | €22,078 | -€9,005 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | €12,049 | - | -€12,049 | |
| Trade debts | 44 | €4,021 | €12,657 | +€8,636 | +215% |
| Suppliers | 440/4 | €4,021 | €12,657 | +€8,636 | +215% |
| Taxes, remuneration and social security | 45 | €4,976 | €8,588 | +€3,612 | +72.6% |
| Taxes | 450/3 | €4,976 | €8,588 | +€3,612 | +72.6% |
| Other amounts payable | 47/48 | €10,038 | €833 | -€9,205 | -91.7% |
| Accrued charges and deferred income | 492/3 | - | €31,588 | +€31,588 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,314 | €1,564 | -€3,750 | -70.6% |
| Other operating charges | 640/8 | €770 | €2,344 | +€1,574 | +204% |
| Gross operating margin | 9900 | €7,153 | €35,493 | +€28,339 | +396% |
| Operating profit (loss) | 9901 | €1,069 | €31,585 | +€30,516 | +2,854% |
| Financial income | 75/76B | €0 | €9 | +€9 | +5,022% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +5,022% |
| Financial charges | 65/66B | €3,904 | €7,450 | +€3,545 | +90.8% |
| Recurring financial charges | 65 | €3,904 | €7,450 | +€3,545 | +90.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,835 | €24,144 | +€26,980 | |
| Income taxes | 67/77 | €231 | €7,933 | +€7,702 | +3,328% |
| Profit (loss) for the period | 9904 | -€3,067 | €16,211 | +€19,278 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,067 | €16,211 | +€19,278 |
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.