VIPIMO: 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.
VIPIMO
Largest movements
- Tangible fixed assets -€22,528
down €22,528 (-10.0%), from €225,374 to €202,847
- Deferred charges and accrued income -€5,429
no longer reported in 2025 (was €5,429)
- Debts after one year -€42,820
down €42,820 (-10.4%), from €412,502 to €369,682
of which Other amounts payable: -€36,000
- Profit (loss) carried forward +€16,199
up €16,199 (+6.1%), from -€266,317 to -€250,118
- Gross operating margin -€9,324
down €9,324 (-17.0%), from €54,756 to €45,431
- Depreciation -€1,429
down €1,429 (-6.0%), from €23,957 to €22,528
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 | €258,844 | €232,813 | -€26,031 | -10.1% |
| Fixed assets | 21/28 | €225,374 | €202,847 | -€22,528 | -10.0% |
| Tangible fixed assets | 22/27 | €225,374 | €202,847 | -€22,528 | -10.0% |
| Land and buildings | 22 | €225,374 | €202,847 | -€22,528 | -10.0% |
| Current assets | 29/58 | €33,470 | €29,967 | -€3,503 | -10.5% |
| Cash at bank and in hand | 54/58 | €28,041 | €29,967 | +€1,926 | +6.9% |
| Deferred charges and accrued income | 490/1 | €5,429 | - | -€5,429 | |
| Total equity and liabilities | 10/49 | €258,844 | €232,813 | -€26,031 | -10.1% |
| Equity | 10/15 | -€196,155 | -€179,956 | +€16,199 | +8.3% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €162 | €162 | = | 0.0% |
| Non-distributable reserves | 130/1 | €162 | €162 | = | 0.0% |
| Legal reserve | 130 | €162 | €162 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€266,317 | -€250,118 | +€16,199 | +6.1% |
| Amounts payable | 17/49 | €454,999 | €412,769 | -€42,230 | -9.3% |
| Amounts payable after more than one year | 17 | €412,502 | €369,682 | -€42,820 | -10.4% |
| Financial debts | 170/4 | €48,496 | €41,675 | -€6,820 | -14.1% |
| Other amounts payable | 178/9 | €364,007 | €328,007 | -€36,000 | -9.9% |
| Amounts payable within one year | 42/48 | €42,112 | €43,087 | +€975 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €42,112 | €43,087 | +€975 | +2.3% |
| Accrued charges and deferred income | 492/3 | €384 | - | -€384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,957 | €22,528 | -€1,429 | -6.0% |
| Other operating charges | 640/8 | €4,745 | €4,705 | -€39 | -0.8% |
| Gross operating margin | 9900 | €54,756 | €45,431 | -€9,324 | -17.0% |
| Operating profit (loss) | 9901 | €26,054 | €18,198 | -€7,856 | -30.2% |
| Financial charges | 65/66B | €2,231 | €1,999 | -€232 | -10.4% |
| Recurring financial charges | 65 | €2,231 | €1,939 | -€292 | -13.1% |
| Non-recurring financial charges | 66B | - | €60 | +€60 | |
| Profit (loss) for the period before taxes | 9903 | €23,823 | €16,199 | -€7,624 | -32.0% |
| Profit (loss) for the period | 9904 | €23,823 | €16,199 | -€7,624 | -32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,823 | €16,199 | -€7,624 | -32.0% |
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 29 September 2026 via checked.be.