VIGO UNIVERSAL: 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 UNIVERSAL
Largest movements
- Tangible fixed assets -€74,387
down €74,387 (-60.2%), from €123,508 to €49,121
- Current assets +€68,655
up €68,655 (+129.4%), from €53,069 to €121,724
of which Receivables within one year: +€56,093
- Intangible fixed assets +€11,460
up €11,460 (+7.5%), from €153,147 to €164,607
- Contributions -€1.0m
down €1.0m (-93.7%), from €1.1m to €68,255
- Profit (loss) carried forward +€837,132
up €837,132 (+82.0%), from -€1.0m to -€183,756
- Debts +€189,484
up €189,484 (+69.0%), from €274,474 to €463,958
of which Debts after one year: +€124,910
- Staff costs +€72,164
new in 2021: €72,164
- Gross operating margin +€49,429
up €49,429, from -€32,526 to €16,904
- Other operating charges +€28,662
new in 2021: €28,662
- Depreciation +€14,873
up €14,873 (+25.9%), from €57,365 to €72,238
- Financial charges +€10,147
new in 2021: €10,147
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €344,590 | €350,318 | +€5,728 | +1.7% |
| Fixed assets | 21/28 | €291,521 | €228,593 | -€62,927 | -21.6% |
| Intangible fixed assets | 21 | €153,147 | €164,607 | +€11,460 | +7.5% |
| Tangible fixed assets | 22/27 | €123,508 | €49,121 | -€74,387 | -60.2% |
| Furniture and vehicles | 24 | - | €37,147 | +€37,147 | |
| Other tangible fixed assets | 26 | - | €11,974 | +€11,974 | |
| Financial fixed assets | 28 | €14,866 | €14,866 | = | 0.0% |
| Current assets | 29/58 | €53,069 | €121,724 | +€68,655 | +129.4% |
| Amounts receivable within one year | 40/41 | €37,458 | €93,551 | +€56,093 | +149.7% |
| Trade receivables | 40 | - | €81,048 | +€81,048 | |
| Other amounts receivable | 41 | - | €12,503 | +€12,503 | |
| Cash at bank and in hand | 54/58 | €14,748 | €25,536 | +€10,788 | +73.1% |
| Deferred charges and accrued income | 490/1 | - | €2,638 | +€2,638 | |
| Total equity and liabilities | 10/49 | €344,590 | €350,318 | +€5,728 | +1.7% |
| Equity | 10/15 | €70,115 | -€113,641 | -€183,756 | |
| Contributions | 10/11 | €1,089,143 | €68,255 | -€1.0m | -93.7% |
| Capital | 10 | - | €68,255 | +€68,255 | |
| Issued capital | 100 | - | €68,255 | +€68,255 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€1,020,888 | -€183,756 | +€837,132 | +82.0% |
| Amounts payable | 17/49 | €274,474 | €463,958 | +€189,484 | +69.0% |
| Amounts payable after more than one year | 17 | €69,654 | €194,563 | +€124,910 | +179.3% |
| Financial debts | 170/4 | - | €194,563 | +€194,563 | |
| Amounts payable within one year | 42/48 | €198,802 | €258,278 | +€59,477 | +29.9% |
| Current portion of amounts payable after more than one year | 42 | - | €31,714 | +€31,714 | |
| Financial debts | 43 | - | €75,000 | +€75,000 | |
| Credit institutions | 430/8 | - | €75,000 | +€75,000 | |
| Trade debts | 44 | €48,215 | €112,236 | +€64,021 | +132.8% |
| Suppliers | 440/4 | - | €112,236 | +€112,236 | |
| Taxes, remuneration and social security | 45 | - | €25,404 | +€25,404 | |
| Taxes | 450/3 | - | €4,301 | +€4,301 | |
| Remuneration and social security | 454/9 | - | €21,103 | +€21,103 | |
| Other amounts payable | 47/48 | - | €13,925 | +€13,925 | |
| Accrued charges and deferred income | 492/3 | - | €11,117 | +€11,117 | |
| Non-recurring operating income | 76A | - | €5,248 | +€5,248 | |
| Remuneration, social security and pensions | 62 | - | €72,164 | +€72,164 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,365 | €72,238 | +€14,873 | +25.9% |
| Other operating charges | 640/8 | - | €28,662 | +€28,662 | |
| Non-recurring operating charges | 66A | - | €17,595 | +€17,595 | |
| Gross operating margin | 9900 | -€32,526 | €16,904 | +€49,429 | |
| Operating profit (loss) | 9901 | -€177,097 | -€173,756 | +€3,341 | +1.9% |
| Financial income | 75/76B | - | €264 | +€264 | |
| Recurring financial income | 75 | €6 | €264 | +€258 | +4464.2% |
| Financial charges | 65/66B | - | €10,147 | +€10,147 | |
| Recurring financial charges | 65 | €10,698 | €10,147 | -€552 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€187,789 | -€183,639 | +€4,150 | +2.2% |
| Income taxes | 67/77 | €233 | €117 | -€116 | -49.8% |
| Profit (loss) for the period | 9904 | -€188,022 | -€183,756 | +€4,266 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€188,022 | -€183,756 | +€4,266 | +2.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.