VIXO: 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.
VIXO
Largest movements
- Receivables within one year +€107,672
up €107,672 (+91.6%), from €117,564 to €225,236
of which Other amounts receivable: +€62,015
- Cash -€41,070
down €41,070 (-79.9%), from €51,388 to €10,318
mainly Receivables within one year (-€107,672) and Tax, wage and social debts (-€18,988)
- Tangible fixed assets -€7,102
down €7,102 (-43.4%), from €16,353 to €9,251
of which Furniture and vehicles: -€6,360
- Deferred charges and accrued income +€5,244
up €5,244 (+86.4%), from €6,068 to €11,312
- Trade debts +€51,818
up €51,818 (+3,413%), from €1,518 to €53,337
- Reserves +€31,831
up €31,831 (+18.8%), from €168,879 to €200,710
- Tax, wage and social debts -€18,988
down €18,988 (-45.8%), from €41,476 to €22,488
- Gross operating margin -€46,344
down €46,344 (-49.9%), from €92,961 to €46,617
- Taxes -€8,280
down €8,280 (-41.5%), from €19,944 to €11,664
- Financial income +€2,601
up €2,601 (+63.6%), from €4,088 to €6,689
- Other operating charges -€1,022
down €1,022 (-46.9%), from €2,181 to €1,159
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 | €213,873 | €278,617 | +€64,745 | +30.3% |
| Fixed assets | 21/28 | €16,353 | €9,251 | -€7,102 | -43.4% |
| Tangible fixed assets | 22/27 | €16,353 | €9,251 | -€7,102 | -43.4% |
| Land and buildings | 22 | €6,481 | €5,739 | -€742 | -11.4% |
| Furniture and vehicles | 24 | €9,872 | €3,513 | -€6,360 | -64.4% |
| Current assets | 29/58 | €197,520 | €269,366 | +€71,846 | +36.4% |
| Amounts receivable after more than one year | 29 | €22,500 | €22,500 | = | 0.0% |
| Other amounts receivable | 291 | €22,500 | €22,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €117,564 | €225,236 | +€107,672 | +91.6% |
| Trade receivables | 40 | €28,496 | €74,153 | +€45,657 | +160% |
| Other amounts receivable | 41 | €89,068 | €151,083 | +€62,015 | +69.6% |
| Cash at bank and in hand | 54/58 | €51,388 | €10,318 | -€41,070 | -79.9% |
| Deferred charges and accrued income | 490/1 | €6,068 | €11,312 | +€5,244 | +86.4% |
| Total equity and liabilities | 10/49 | €213,873 | €278,617 | +€64,745 | +30.3% |
| Equity | 10/15 | €170,879 | €202,710 | +€31,831 | +18.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €168,879 | €200,710 | +€31,831 | +18.8% |
| Distributable reserves | 133 | €168,879 | €200,710 | +€31,831 | +18.8% |
| Amounts payable | 17/49 | €42,994 | €75,907 | +€32,913 | +76.6% |
| Amounts payable within one year | 42/48 | €42,994 | €75,907 | +€32,913 | +76.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | €83 | +€83 | |
| Credit institutions | 430/8 | €0 | €83 | +€83 | |
| Trade debts | 44 | €1,518 | €53,337 | +€51,818 | +3,413% |
| Suppliers | 440/4 | €1,518 | €53,337 | +€51,818 | +3,413% |
| Taxes, remuneration and social security | 45 | €41,476 | €22,488 | -€18,988 | -45.8% |
| Taxes | 450/3 | €41,476 | €22,488 | -€18,988 | -45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,584 | €8,501 | +€917 | +12.1% |
| Other operating charges | 640/8 | €2,181 | €1,159 | -€1,022 | -46.9% |
| Gross operating margin | 9900 | €92,961 | €46,617 | -€46,344 | -49.9% |
| Operating profit (loss) | 9901 | €83,195 | €36,956 | -€46,239 | -55.6% |
| Financial income | 75/76B | €4,088 | €6,689 | +€2,601 | +63.6% |
| Recurring financial income | 75 | €4,088 | €6,689 | +€2,601 | +63.6% |
| Financial charges | 65/66B | €220 | €150 | -€70 | -31.7% |
| Recurring financial charges | 65 | €220 | €150 | -€70 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €87,063 | €43,495 | -€43,568 | -50.0% |
| Income taxes | 67/77 | €19,944 | €11,664 | -€8,280 | -41.5% |
| Profit (loss) for the period | 9904 | €67,119 | €31,831 | -€35,288 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,119 | €31,831 | -€35,288 | -52.6% |
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 25 October 2026 via checked.be.