VIGO CREATE: 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.
VIGO CREATE
Largest movements
- Cash -€273,442
down €273,442 (-93.5%), from €292,311 to €18,869
mainly Stocks and contracts (-€185,473) and Deferred charges and accrued income (-€42,507)
- Stocks and contracts +€185,473
new in 2025: €185,473
- Deferred charges and accrued income +€42,507
new in 2025: €42,507
- Receivables within one year +€17,593
up €17,593 (+42.8%), from €41,140 to €58,733
of which Other amounts receivable: +€41,188
- Tangible fixed assets -€4,943
down €4,943 (-3.3%), from €151,544 to €146,601
of which Land and buildings: -€4,465
- Profit (loss) carried forward -€29,420
down €29,420, from €27,376 to -€2,044
- Debts after one year -€5,444
down €5,444 (-3.8%), from €142,623 to €137,179
- Gross operating margin -€67,397
down €67,397 (-97.2%), from €69,345 to €1,948
- Depreciation -€24,221
down €24,221 (-83.1%), from €29,164 to €4,943
- Financial charges +€13,459
up €13,459 (+334.9%), from €4,019 to €17,478
- Other operating charges +€7,429
up €7,429 (+619.6%), from €1,199 to €8,627
- Taxes -€7,268
down €7,268 (-95.8%), from €7,587 to €320
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 | €485,887 | €453,074 | -€32,813 | -6.8% |
| Fixed assets | 21/28 | €152,436 | €147,493 | -€4,943 | -3.2% |
| Tangible fixed assets | 22/27 | €151,544 | €146,601 | -€4,943 | -3.3% |
| Land and buildings | 22 | €150,507 | €146,041 | -€4,465 | -3.0% |
| Furniture and vehicles | 24 | €1,037 | €560 | -€477 | -46.0% |
| Financial fixed assets | 28 | €893 | €893 | = | 0.0% |
| Current assets | 29/58 | €333,451 | €305,581 | -€27,870 | -8.4% |
| Stocks and contracts in progress | 3 | - | €185,473 | +€185,473 | |
| Stocks | 30/36 | - | €185,473 | +€185,473 | |
| Amounts receivable within one year | 40/41 | €41,140 | €58,733 | +€17,593 | +42.8% |
| Trade receivables | 40 | €41,140 | €17,545 | -€23,595 | -57.4% |
| Other amounts receivable | 41 | - | €41,188 | +€41,188 | |
| Cash at bank and in hand | 54/58 | €292,311 | €18,869 | -€273,442 | -93.5% |
| Deferred charges and accrued income | 490/1 | - | €42,507 | +€42,507 | |
| Total equity and liabilities | 10/49 | €485,887 | €453,074 | -€32,813 | -6.8% |
| Equity | 10/15 | €29,376 | -€44 | -€29,420 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,376 | -€2,044 | -€29,420 | |
| Amounts payable | 17/49 | €456,511 | €453,118 | -€3,393 | -0.7% |
| Amounts payable after more than one year | 17 | €142,623 | €137,179 | -€5,444 | -3.8% |
| Financial debts | 170/4 | €142,623 | €137,179 | -€5,444 | -3.8% |
| Amounts payable within one year | 42/48 | €313,889 | €315,939 | +€2,051 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €5,247 | €5,444 | +€197 | +3.8% |
| Trade debts | 44 | €1,650 | €3,964 | +€2,314 | +140.2% |
| Suppliers | 440/4 | €1,650 | €3,964 | +€2,314 | +140.2% |
| Taxes, remuneration and social security | 45 | €15,831 | €16,531 | +€700 | +4.4% |
| Taxes | 450/3 | €15,831 | €16,531 | +€700 | +4.4% |
| Other amounts payable | 47/48 | €291,160 | €290,000 | -€1,160 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,164 | €4,943 | -€24,221 | -83.1% |
| Other operating charges | 640/8 | €1,199 | €8,627 | +€7,429 | +619.6% |
| Gross operating margin | 9900 | €69,345 | €1,948 | -€67,397 | -97.2% |
| Operating profit (loss) | 9901 | €38,983 | -€11,622 | -€50,605 | |
| Financial charges | 65/66B | €4,019 | €17,478 | +€13,459 | +334.9% |
| Recurring financial charges | 65 | €4,019 | €17,478 | +€13,459 | +334.9% |
| Profit (loss) for the period before taxes | 9903 | €34,963 | -€29,100 | -€64,064 | |
| Income taxes | 67/77 | €7,587 | €320 | -€7,268 | -95.8% |
| Profit (loss) for the period | 9904 | €27,376 | -€29,420 | -€56,796 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,376 | -€29,420 | -€56,796 |
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.