VIXAMO: 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.
VIXAMO
Largest movements
- Tangible fixed assets +€115,776
up €115,776 (+21.8%), from €531,818 to €647,594
of which Leasing and similar rights: +€131,272
- Cash +€48,767
up €48,767 (+208%), from €23,497 to €72,264
mainly Debts after one year (+€71,746) and Depreciation (+€67,800)
- Debts after one year +€71,746
up €71,746 (+52.9%), from €135,670 to €207,416
- Reserves +€38,153
up €38,153 (+10.1%), from €376,185 to €414,338
- Current portion of long-term debt +€35,108
up €35,108 (+69.0%), from €50,890 to €85,998
- Other debts +€27,253
up €27,253 (+15.5%), from €176,286 to €203,538
- Gross operating margin +€55,420
up €55,420 (+35.6%), from €155,481 to €210,900
- Financial charges +€31,240
up €31,240 (+51.9%), from €60,171 to €91,411
- Depreciation +€27,918
up €27,918 (+70.0%), from €39,883 to €67,800
- Taxes -€4,390
down €4,390 (-30.7%), from €14,324 to €9,934
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.
Derived cash bridge
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 | €806,557 | €979,190 | +€172,632 | +21.4% |
| Fixed assets | 21/28 | €718,818 | €834,594 | +€115,776 | +16.1% |
| Tangible fixed assets | 22/27 | €531,818 | €647,594 | +€115,776 | +21.8% |
| Land and buildings | 22 | €446,264 | €419,222 | -€27,042 | -6.1% |
| Plant, machinery and equipment | 23 | €28,344 | €51,944 | +€23,600 | +83.3% |
| Furniture and vehicles | 24 | €57,210 | €45,155 | -€12,055 | -21.1% |
| Leasing and similar rights | 25 | - | €131,272 | +€131,272 | |
| Financial fixed assets | 28 | €187,000 | €187,000 | = | 0.0% |
| Current assets | 29/58 | €87,739 | €144,596 | +€56,857 | +64.8% |
| Stocks and contracts in progress | 3 | €2,845 | €3,500 | +€655 | +23.0% |
| Stocks | 30/36 | €2,845 | €3,500 | +€655 | +23.0% |
| Amounts receivable within one year | 40/41 | €60,464 | €68,832 | +€8,368 | +13.8% |
| Trade receivables | 40 | €60,464 | €68,832 | +€8,368 | +13.8% |
| Cash at bank and in hand | 54/58 | €23,497 | €72,264 | +€48,767 | +208% |
| Deferred charges and accrued income | 490/1 | €934 | €0 | -€934 | -100% |
| Total equity and liabilities | 10/49 | €806,557 | €979,190 | +€172,632 | +21.4% |
| Equity | 10/15 | €394,785 | €432,938 | +€38,153 | +9.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €376,185 | €414,338 | +€38,153 | +10.1% |
| Distributable reserves | 133 | €376,185 | €414,338 | +€38,153 | +10.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €411,772 | €546,251 | +€134,479 | +32.7% |
| Amounts payable after more than one year | 17 | €135,670 | €207,416 | +€71,746 | +52.9% |
| Financial debts | 170/4 | €135,670 | €207,416 | +€71,746 | +52.9% |
| Amounts payable within one year | 42/48 | €267,496 | €324,541 | +€57,045 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €50,890 | €85,998 | +€35,108 | +69.0% |
| Trade debts | 44 | €14,165 | €15,382 | +€1,218 | +8.6% |
| Suppliers | 440/4 | €14,165 | €15,382 | +€1,218 | +8.6% |
| Taxes, remuneration and social security | 45 | €26,156 | €19,622 | -€6,534 | -25.0% |
| Taxes | 450/3 | €26,156 | €19,622 | -€6,534 | -25.0% |
| Other amounts payable | 47/48 | €176,286 | €203,538 | +€27,253 | +15.5% |
| Accrued charges and deferred income | 492/3 | €8,606 | €14,295 | +€5,689 | +66.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,883 | €67,800 | +€27,918 | +70.0% |
| Other operating charges | 640/8 | €6,135 | €5,141 | -€993 | -16.2% |
| Gross operating margin | 9900 | €155,481 | €210,900 | +€55,420 | +35.6% |
| Operating profit (loss) | 9901 | €109,463 | €137,959 | +€28,495 | +26.0% |
| Financial income | 75/76B | €1,868 | €1,539 | -€329 | -17.6% |
| Recurring financial income | 75 | €1,868 | €1,539 | -€329 | -17.6% |
| Financial charges | 65/66B | €60,171 | €91,411 | +€31,240 | +51.9% |
| Recurring financial charges | 65 | €60,171 | €91,411 | +€31,240 | +51.9% |
| Profit (loss) for the period before taxes | 9903 | €51,160 | €48,087 | -€3,074 | -6.0% |
| Income taxes | 67/77 | €14,324 | €9,934 | -€4,390 | -30.7% |
| Profit (loss) for the period | 9904 | €36,836 | €38,153 | +€1,317 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,836 | €38,153 | +€1,317 | +3.6% |
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 14 October 2026 via checked.be.