VIJO.SECUNDO: 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.
VIJO.SECUNDO
Largest movements
- Tangible fixed assets -€551,310
down €551,310 (-18.8%), from €2.9m to €2.4m
of which Land and buildings: -€473,285
- Cash +€449,271
up €449,271 (+62.1%), from €723,048 to €1.2m
mainly Investment in fixed assets (net) (+€468,772) and Receivables after one year (+€281,750)
- Receivables after one year -€281,750
down €281,750 (-55.2%), from €510,000 to €228,250
- Receivables within one year +€187,455
up €187,455 (+13.7%), from €1.4m to €1.6m
- Tax, wage and social debts -€148,916
down €148,916 (-92.6%), from €160,756 to €11,841
- Debts after one year -€89,552
down €89,552 (-3.7%), from €2.5m to €2.4m
- Gross operating margin -€588,184
down €588,184 (-52.6%), from €1.1m to €529,680
- Other operating charges -€165,208
down €165,208 (-94.9%), from €174,136 to €8,927
- Taxes -€151,158
down €151,158 (-55.8%), from €270,756 to €119,598
- Financial charges +€77,601
up €77,601 (+751.7%), from €10,323 to €87,924
- Financial income +€26,369
up €26,369 (+382.6%), from €6,893 to €33,262
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 | €5,540,012 | €5,336,171 | -€203,841 | -3.7% |
| Fixed assets | 21/28 | €2,926,290 | €2,374,979 | -€551,310 | -18.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €2,926,290 | €2,374,979 | -€551,310 | -18.8% |
| Land and buildings | 22 | €2,204,027 | €1,730,742 | -€473,285 | -21.5% |
| Plant, machinery and equipment | 23 | €126,926 | €81,004 | -€45,922 | -36.2% |
| Furniture and vehicles | 24 | €7,337 | €5,233 | -€2,104 | -28.7% |
| Leasing and similar rights | 25 | €588,000 | €558,000 | -€30,000 | -5.1% |
| Current assets | 29/58 | €2,613,723 | €2,961,192 | +€347,469 | +13.3% |
| Amounts receivable after more than one year | 29 | €510,000 | €228,250 | -€281,750 | -55.2% |
| Other amounts receivable | 291 | €510,000 | €228,250 | -€281,750 | -55.2% |
| Amounts receivable within one year | 40/41 | €1,368,288 | €1,555,742 | +€187,455 | +13.7% |
| Other amounts receivable | 41 | €1,368,288 | €1,555,742 | +€187,455 | +13.7% |
| Cash at bank and in hand | 54/58 | €723,048 | €1,172,319 | +€449,271 | +62.1% |
| Deferred charges and accrued income | 490/1 | €12,387 | €4,881 | -€7,507 | -60.6% |
| Total equity and liabilities | 10/49 | €5,540,012 | €5,336,171 | -€203,841 | -3.7% |
| Equity | 10/15 | €2,798,736 | €2,805,762 | +€7,026 | +0.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,786,336 | €2,793,362 | +€7,026 | +0.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,784,476 | €2,791,502 | +€7,026 | +0.3% |
| Amounts payable | 17/49 | €2,741,276 | €2,530,409 | -€210,868 | -7.7% |
| Amounts payable after more than one year | 17 | €2,451,590 | €2,362,038 | -€89,552 | -3.7% |
| Financial debts | 170/4 | €2,451,590 | €2,362,038 | -€89,552 | -3.7% |
| Amounts payable within one year | 42/48 | €289,686 | €130,883 | -€158,803 | -54.8% |
| Current portion of amounts payable after more than one year | 42 | €114,965 | €104,552 | -€10,413 | -9.1% |
| Trade debts | 44 | €13,965 | €14,491 | +€526 | +3.8% |
| Suppliers | 440/4 | €13,965 | €14,491 | +€526 | +3.8% |
| Taxes, remuneration and social security | 45 | €160,756 | €11,841 | -€148,916 | -92.6% |
| Taxes | 450/3 | €160,756 | €11,841 | -€148,916 | -92.6% |
| Accrued charges and deferred income | 492/3 | - | €37,488 | +€37,488 | |
| Non-recurring operating income | 76A | €4,239 | €241,202 | +€236,963 | +5590.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,039 | €82,539 | -€16,500 | -16.7% |
| Other operating charges | 640/8 | €174,136 | €8,927 | -€165,208 | -94.9% |
| Non-recurring operating charges | 66A | €3,529 | - | -€3,529 | |
| Gross operating margin | 9900 | €1,117,864 | €529,680 | -€588,184 | -52.6% |
| Operating profit (loss) | 9901 | €841,160 | €438,214 | -€402,946 | -47.9% |
| Financial income | 75/76B | €6,893 | €33,262 | +€26,369 | +382.6% |
| Recurring financial income | 75 | €6,893 | €33,262 | +€26,369 | +382.6% |
| Financial charges | 65/66B | €10,323 | €87,924 | +€77,601 | +751.7% |
| Recurring financial charges | 65 | €10,323 | €87,924 | +€77,601 | +751.7% |
| Profit (loss) for the period before taxes | 9903 | €837,730 | €383,552 | -€454,178 | -54.2% |
| Income taxes | 67/77 | €270,756 | €119,598 | -€151,158 | -55.8% |
| Profit (loss) for the period | 9904 | €566,974 | €263,954 | -€303,020 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €566,974 | €263,954 | -€303,020 | -53.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.