VINGOTE: 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.
VINGOTE
Largest movements
- Tangible fixed assets +€13,146
up €13,146 (+64.7%), from €20,304 to €33,450
of which Other tangible fixed assets: +€20,193
- Cash +€2,455
up €2,455 (+188.8%), from €1,300 to €3,755
mainly Other debts (+€35,348) and Depreciation (+€11,704)
- Other debts +€35,348
up €35,348 (+28.1%), from €125,765 to €161,113
- Profit (loss) carried forward -€19,424
down €19,424 (-88.0%), from -€22,068 to -€41,493
- Depreciation +€4,840
up €4,840 (+70.5%), from €6,864 to €11,704
- Gross operating margin -€1,253
down €1,253 (-20.1%), from -€6,222 to -€7,475
- Other operating charges -€180
down €180 (-54.4%), from €332 to €151
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 | €105,317 | €121,297 | +€15,980 | +15.2% |
| Fixed assets | 21/28 | €83,188 | €96,334 | +€13,146 | +15.8% |
| Tangible fixed assets | 22/27 | €20,304 | €33,450 | +€13,146 | +64.7% |
| Plant, machinery and equipment | 23 | €18,356 | €12,274 | -€6,083 | -33.1% |
| Furniture and vehicles | 24 | €1,948 | €983 | -€965 | -49.5% |
| Other tangible fixed assets | 26 | - | €20,193 | +€20,193 | |
| Financial fixed assets | 28 | €62,884 | €62,884 | = | 0.0% |
| Current assets | 29/58 | €22,129 | €24,963 | +€2,835 | +12.8% |
| Amounts receivable within one year | 40/41 | €20,828 | €21,208 | +€380 | +1.8% |
| Other amounts receivable | 41 | €20,828 | €21,208 | +€380 | +1.8% |
| Cash at bank and in hand | 54/58 | €1,300 | €3,755 | +€2,455 | +188.8% |
| Total equity and liabilities | 10/49 | €105,317 | €121,297 | +€15,980 | +15.2% |
| Equity | 10/15 | -€21,068 | -€40,493 | -€19,424 | -92.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,068 | -€41,493 | -€19,424 | -88.0% |
| Amounts payable | 17/49 | €126,385 | €161,790 | +€35,404 | +28.0% |
| Amounts payable within one year | 42/48 | €126,385 | €161,790 | +€35,404 | +28.0% |
| Trade debts | 44 | €621 | €677 | +€56 | +9.0% |
| Suppliers | 440/4 | €621 | €677 | +€56 | +9.0% |
| Other amounts payable | 47/48 | €125,765 | €161,113 | +€35,348 | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,864 | €11,704 | +€4,840 | +70.5% |
| Other operating charges | 640/8 | €332 | €151 | -€180 | -54.4% |
| Gross operating margin | 9900 | -€6,222 | -€7,475 | -€1,253 | -20.1% |
| Operating profit (loss) | 9901 | -€13,418 | -€19,331 | -€5,913 | -44.1% |
| Financial charges | 65/66B | €168 | €93 | -€75 | -44.5% |
| Recurring financial charges | 65 | €168 | €93 | -€75 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,586 | -€19,424 | -€5,838 | -43.0% |
| Profit (loss) for the period | 9904 | -€13,586 | -€19,424 | -€5,838 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,586 | -€19,424 | -€5,838 | -43.0% |
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 4 October 2026 via checked.be.