Vipu: 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.
Vipu
Largest movements
- Cash -€229,693
down €229,693 (-99.2%), from €231,432 to €1,739
mainly Other debts (-€149,642) and Contributions, distributions and other (-€96,011)
- Receivables after one year +€50,000
new in 2025: €50,000
- Tangible fixed assets +€42,315
up €42,315 (+536.7%), from €7,885 to €50,200
of which Furniture and vehicles: +€40,546
- Current investments -€10,230
down €10,230 (-11.9%), from €86,200 to €75,970
- Other debts -€149,642
down €149,642 (-52.9%), from €283,106 to €133,464
- Financial income -€194,543
down €194,543 (-99.2%), from €196,053 to €1,510
- Gross operating margin +€27,195
up €27,195 (+24.0%), from €113,409 to €140,604
- Taxes +€7,982
up €7,982 (+32.2%), from €24,824 to €32,806
- Depreciation +€6,336
up €6,336 (+125.3%), from €5,058 to €11,394
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 | €401,544 | €254,427 | -€147,117 | -36.6% |
| Fixed assets | 21/28 | €7,885 | €50,200 | +€42,315 | +536.7% |
| Tangible fixed assets | 22/27 | €7,885 | €50,200 | +€42,315 | +536.7% |
| Plant, machinery and equipment | 23 | €1,230 | €2,999 | +€1,769 | +143.8% |
| Furniture and vehicles | 24 | €6,655 | €47,201 | +€40,546 | +609.3% |
| Current assets | 29/58 | €393,659 | €204,227 | -€189,432 | -48.1% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €75,782 | €76,518 | +€736 | +1.0% |
| Trade receivables | 40 | €11,790 | €12,526 | +€736 | +6.2% |
| Other amounts receivable | 41 | €63,992 | €63,992 | = | 0.0% |
| Current investments | 50/53 | €86,200 | €75,970 | -€10,230 | -11.9% |
| Cash at bank and in hand | 54/58 | €231,432 | €1,739 | -€229,693 | -99.2% |
| Deferred charges and accrued income | 490/1 | €245 | - | -€245 | |
| Total equity and liabilities | 10/49 | €401,544 | €254,427 | -€147,117 | -36.6% |
| Equity | 10/15 | €116,213 | €116,213 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €113,713 | €113,713 | = | 0.0% |
| Distributable reserves | 133 | €113,713 | €113,713 | = | 0.0% |
| Amounts payable | 17/49 | €285,331 | €138,214 | -€147,117 | -51.6% |
| Amounts payable within one year | 42/48 | €285,331 | €137,814 | -€147,517 | -51.7% |
| Trade debts | 44 | €1,402 | €1,439 | +€37 | +2.6% |
| Suppliers | 440/4 | €1,402 | €1,439 | +€37 | +2.6% |
| Taxes, remuneration and social security | 45 | €823 | €2,911 | +€2,088 | +253.7% |
| Taxes | 450/3 | €823 | €2,911 | +€2,088 | +253.7% |
| Other amounts payable | 47/48 | €283,106 | €133,464 | -€149,642 | -52.9% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Non-recurring operating income | 76A | - | €2,812 | +€2,812 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,058 | €11,394 | +€6,336 | +125.3% |
| Other operating charges | 640/8 | €1,034 | €884 | -€150 | -14.5% |
| Non-recurring operating charges | 66A | €136 | - | -€136 | |
| Gross operating margin | 9900 | €113,409 | €140,604 | +€27,195 | +24.0% |
| Operating profit (loss) | 9901 | €107,181 | €128,326 | +€21,145 | +19.7% |
| Financial income | 75/76B | €196,053 | €1,510 | -€194,543 | -99.2% |
| Recurring financial income | 75 | €196,053 | €1,510 | -€194,543 | -99.2% |
| Financial charges | 65/66B | €38 | €1,019 | +€981 | +2581.6% |
| Recurring financial charges | 65 | €38 | €1,019 | +€981 | +2581.6% |
| Profit (loss) for the period before taxes | 9903 | €303,196 | €128,817 | -€174,379 | -57.5% |
| Income taxes | 67/77 | €24,824 | €32,806 | +€7,982 | +32.2% |
| Profit (loss) for the period | 9904 | €278,372 | €96,011 | -€182,361 | -65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €278,372 | €96,011 | -€182,361 | -65.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.