Vigo Creative: what changed
Two fiscal 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 Creative
Largest movements
- Receivables within one year -€21,311
down €21,311 (-37.6%), from €56,702 to €35,390
- Intangible fixed assets +€13,000
up €13,000 (+40.6%), from €32,000 to €45,000
- Deferred charges and accrued income +€5,553
up €5,553 (+40064.9%), from €14 to €5,567
- Tangible fixed assets +€2,670
up €2,670 (+14.5%), from €18,403 to €21,073
- Tax, wage and social debts +€21,908
up €21,908 (+374.9%), from €5,844 to €27,752
of which Remuneration and social security: +€17,429
- Debts after one year -€20,356
down €20,356 (-27.8%), from €73,109 to €52,753
of which Financial debts: -€15,962
- Trade debts -€2,821
down €2,821 (-39.5%), from €7,138 to €4,317
- Profit (loss) carried forward +€2,110
up €2,110 (+56.5%), from €3,737 to €5,847
- Current portion of long-term debt -€1,710
down €1,710 (-8.8%), from €19,373 to €17,663
- Gross operating margin +€61,211
up €61,211 (+156.0%), from €39,237 to €100,447
- Staff costs +€54,037
up €54,037 (+268.4%), from €20,130 to €74,167
- Depreciation +€2,338
up €2,338 (+15.1%), from €15,489 to €17,827
- Taxes +€1,995
up €1,995 (+972.4%), from €205 to €2,200
- Other operating charges +€1,746
new in 2025: €1,746
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 | €129,661 | €128,792 | -€870 | -0.7% |
| Fixed assets | 21/28 | €58,108 | €73,778 | +€15,670 | +27.0% |
| Intangible fixed assets | 21 | €32,000 | €45,000 | +€13,000 | +40.6% |
| Tangible fixed assets | 22/27 | €18,403 | €21,073 | +€2,670 | +14.5% |
| Furniture and vehicles | 24 | €18,403 | €21,073 | +€2,670 | +14.5% |
| Financial fixed assets | 28 | €7,705 | €7,705 | = | 0.0% |
| Current assets | 29/58 | €71,553 | €55,014 | -€16,539 | -23.1% |
| Amounts receivable within one year | 40/41 | €56,702 | €35,390 | -€21,311 | -37.6% |
| Trade receivables | 40 | €56,702 | €35,390 | -€21,311 | -37.6% |
| Cash at bank and in hand | 54/58 | €14,837 | €14,056 | -€781 | -5.3% |
| Deferred charges and accrued income | 490/1 | €14 | €5,567 | +€5,553 | +40064.9% |
| Total equity and liabilities | 10/49 | €129,661 | €128,792 | -€870 | -0.7% |
| Equity | 10/15 | €24,197 | €26,307 | +€2,110 | +8.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,737 | €5,847 | +€2,110 | +56.5% |
| Amounts payable | 17/49 | €105,464 | €102,484 | -€2,980 | -2.8% |
| Amounts payable after more than one year | 17 | €73,109 | €52,753 | -€20,356 | -27.8% |
| Financial debts | 170/4 | €43,602 | €27,640 | -€15,962 | -36.6% |
| Other amounts payable | 178/9 | €29,507 | €25,113 | -€4,394 | -14.9% |
| Amounts payable within one year | 42/48 | €32,355 | €49,732 | +€17,376 | +53.7% |
| Current portion of amounts payable after more than one year | 42 | €19,373 | €17,663 | -€1,710 | -8.8% |
| Trade debts | 44 | €7,138 | €4,317 | -€2,821 | -39.5% |
| Suppliers | 440/4 | €7,138 | €4,317 | -€2,821 | -39.5% |
| Taxes, remuneration and social security | 45 | €5,844 | €27,752 | +€21,908 | +374.9% |
| Taxes | 450/3 | €5,844 | €10,323 | +€4,479 | +76.6% |
| Remuneration and social security | 454/9 | - | €17,429 | +€17,429 | |
| Remuneration, social security and pensions | 62 | €20,130 | €74,167 | +€54,037 | +268.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,489 | €17,827 | +€2,338 | +15.1% |
| Other operating charges | 640/8 | - | €1,746 | +€1,746 | |
| Gross operating margin | 9900 | €39,237 | €100,447 | +€61,211 | +156.0% |
| Operating profit (loss) | 9901 | €3,618 | €6,708 | +€3,090 | +85.4% |
| Financial income | 75/76B | €34 | €50 | +€16 | +46.6% |
| Recurring financial income | 75 | €34 | €50 | +€16 | +46.6% |
| Financial charges | 65/66B | €1,799 | €2,447 | +€648 | +36.0% |
| Recurring financial charges | 65 | €1,799 | €2,447 | +€648 | +36.0% |
| Profit (loss) for the period before taxes | 9903 | €1,853 | €4,310 | +€2,457 | +132.6% |
| Income taxes | 67/77 | €205 | €2,200 | +€1,995 | +972.4% |
| Profit (loss) for the period | 9904 | €1,648 | €2,110 | +€462 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,648 | €2,110 | +€462 | +28.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.