VIHGO: 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.
VIHGO
Largest movements
- Receivables within one year +€120,962
up €120,962 (+8400.1%), from €1,440 to €122,402
of which Trade receivables: +€120,954
- Cash +€34,286
up €34,286 (+4395.7%), from €780 to €35,066
mainly Trade debts (+€84,130) and Tax, wage and social debts (+€83,886)
- Financial fixed assets +€26,046
new in 2024: €26,046
- Tangible fixed assets -€11,867
down €11,867 (-52.0%), from €22,842 to €10,975
- Trade debts +€84,130
up €84,130 (+6552.2%), from €1,284 to €85,414
- Tax, wage and social debts +€83,886
up €83,886 (+7577.8%), from €1,107 to €84,993
of which Remuneration and social security: +€53,199
- Reserves +€8,263
new in 2024: €8,263
of which Distributable reserves: +€5,763
- Other debts -€8,153
down €8,153 (-48.7%), from €16,747 to €8,594
- Profit (loss) carried forward +€7,532
up €7,532, from -€7,532 to €0
- Gross operating margin +€445,975
up €445,975 (+8622.9%), from €5,172 to €451,147
- Staff costs +€422,243
new in 2024: €422,243
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,922 | €194,489 | +€167,567 | +622.4% |
| Fixed assets | 21/28 | €22,842 | €37,021 | +€14,179 | +62.1% |
| Tangible fixed assets | 22/27 | €22,842 | €10,975 | -€11,867 | -52.0% |
| Furniture and vehicles | 24 | €22,842 | €10,975 | -€11,867 | -52.0% |
| Financial fixed assets | 28 | - | €26,046 | +€26,046 | |
| Current assets | 29/58 | €4,080 | €157,468 | +€153,388 | +3759.5% |
| Amounts receivable within one year | 40/41 | €1,440 | €122,402 | +€120,962 | +8400.1% |
| Trade receivables | 40 | €1,440 | €122,394 | +€120,954 | +8399.6% |
| Other amounts receivable | 41 | - | €8 | +€8 | |
| Cash at bank and in hand | 54/58 | €780 | €35,066 | +€34,286 | +4395.7% |
| Deferred charges and accrued income | 490/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Total equity and liabilities | 10/49 | €26,922 | €194,489 | +€167,567 | +622.4% |
| Equity | 10/15 | -€5,032 | €8,263 | +€13,295 | |
| Contributions | 10/11 | €2,500 | - | -€2,500 | |
| Reserves | 13 | - | €8,263 | +€8,263 | |
| Non-distributable reserves | 130/1 | - | €2,500 | +€2,500 | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Other | 1319 | - | €2,500 | +€2,500 | |
| Distributable reserves | 133 | - | €5,763 | +€5,763 | |
| Profit (loss) carried forward | 14 | -€7,532 | €0 | +€7,532 | |
| Amounts payable | 17/49 | €31,954 | €186,226 | +€154,272 | +482.8% |
| Amounts payable after more than one year | 17 | €6,212 | €0 | -€6,212 | -100.0% |
| Financial debts | 170/4 | €6,212 | €0 | -€6,212 | -100.0% |
| Amounts payable within one year | 42/48 | €25,742 | €186,226 | +€160,484 | +623.4% |
| Current portion of amounts payable after more than one year | 42 | €6,104 | €6,724 | +€620 | +10.2% |
| Trade debts | 44 | €1,284 | €85,414 | +€84,130 | +6552.2% |
| Suppliers | 440/4 | €1,284 | €85,414 | +€84,130 | +6552.2% |
| Advances received on contracts in progress | 46 | €500 | €500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,107 | €84,993 | +€83,886 | +7577.8% |
| Taxes | 450/3 | €1,107 | €31,794 | +€30,687 | +2772.1% |
| Remuneration and social security | 454/9 | - | €53,199 | +€53,199 | |
| Other amounts payable | 47/48 | €16,747 | €8,594 | -€8,153 | -48.7% |
| Remuneration, social security and pensions | 62 | - | €422,243 | +€422,243 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,867 | €11,867 | -€0 | 0.0% |
| Other operating charges | 640/8 | €556 | €603 | +€47 | +8.4% |
| Gross operating margin | 9900 | €5,172 | €451,147 | +€445,975 | +8622.9% |
| Operating profit (loss) | 9901 | -€7,251 | €16,434 | +€23,685 | |
| Financial income | 75/76B | - | €28 | +€28 | |
| Recurring financial income | 75 | - | €28 | +€28 | |
| Financial charges | 65/66B | €538 | €678 | +€140 | +26.1% |
| Recurring financial charges | 65 | €538 | €678 | +€140 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,789 | €15,784 | +€23,573 | |
| Income taxes | 67/77 | €173 | €2,489 | +€2,316 | +1338.8% |
| Profit (loss) for the period | 9904 | -€7,962 | €13,295 | +€21,257 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,962 | €13,295 | +€21,257 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.