VUEGEN: 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.
VUEGEN
Largest movements
- Tangible fixed assets -€14,243
down €14,243 (-29.9%), from €47,688 to €33,445
of which Plant, machinery and equipment: -€8,008
- Stocks and contracts +€1,126
up €1,126 (+30.7%), from €3,665 to €4,791
- Deferred charges and accrued income -€1,040
down €1,040 (-58.9%), from €1,765 to €725
- Other debts -€14,912
down €14,912 (-35.4%), from €42,135 to €27,223
- Trade debts +€8,712
up €8,712 (+100.8%), from €8,644 to €17,355
- Debts after one year -€8,457
down €8,457 (-19.4%), from €43,638 to €35,180
- Gross operating margin -€6,923
down €6,923 (-11.5%), from €59,982 to €53,059
- Other operating charges -€1,857
down €1,857 (-85.9%), from €2,162 to €305
- Depreciation -€1,588
down €1,588 (-10.0%), from €15,831 to €14,243
- Financial charges -€927
down €927 (-28.6%), from €3,243 to €2,316
- Staff costs +€653
up €653 (+1.9%), from €34,680 to €35,332
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 | €56,529 | €42,382 | -€14,147 | -25.0% |
| Fixed assets | 21/28 | €47,688 | €33,445 | -€14,243 | -29.9% |
| Tangible fixed assets | 22/27 | €47,688 | €33,445 | -€14,243 | -29.9% |
| Plant, machinery and equipment | 23 | €10,416 | €2,408 | -€8,008 | -76.9% |
| Other tangible fixed assets | 26 | €37,272 | €31,037 | -€6,235 | -16.7% |
| Current assets | 29/58 | €8,841 | €8,937 | +€96 | +1.1% |
| Stocks and contracts in progress | 3 | €3,665 | €4,791 | +€1,126 | +30.7% |
| Stocks | 30/36 | €3,665 | €4,791 | +€1,126 | +30.7% |
| Amounts receivable within one year | 40/41 | €210 | - | -€210 | |
| Other amounts receivable | 41 | €210 | - | -€210 | |
| Cash at bank and in hand | 54/58 | €3,202 | €3,422 | +€219 | +6.8% |
| Deferred charges and accrued income | 490/1 | €1,765 | €725 | -€1,040 | -58.9% |
| Total equity and liabilities | 10/49 | €56,529 | €42,382 | -€14,147 | -25.0% |
| Equity | 10/15 | -€51,641 | -€51,236 | +€405 | +0.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,641 | -€71,236 | +€405 | +0.6% |
| Amounts payable | 17/49 | €108,170 | €93,618 | -€14,552 | -13.5% |
| Amounts payable after more than one year | 17 | €43,638 | €35,180 | -€8,457 | -19.4% |
| Financial debts | 170/4 | €43,638 | €35,180 | -€8,457 | -19.4% |
| Amounts payable within one year | 42/48 | €64,533 | €58,438 | -€6,095 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €8,326 | €8,457 | +€131 | +1.6% |
| Trade debts | 44 | €8,644 | €17,355 | +€8,712 | +100.8% |
| Suppliers | 440/4 | €8,644 | €17,355 | +€8,712 | +100.8% |
| Taxes, remuneration and social security | 45 | €5,428 | €5,403 | -€26 | -0.5% |
| Taxes | 450/3 | €1,862 | €750 | -€1,112 | -59.7% |
| Remuneration and social security | 454/9 | €3,567 | €4,653 | +€1,086 | +30.5% |
| Other amounts payable | 47/48 | €42,135 | €27,223 | -€14,912 | -35.4% |
| Remuneration, social security and pensions | 62 | €34,680 | €35,332 | +€653 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,831 | €14,243 | -€1,588 | -10.0% |
| Other operating charges | 640/8 | €2,162 | €305 | -€1,857 | -85.9% |
| Gross operating margin | 9900 | €59,982 | €53,059 | -€6,923 | -11.5% |
| Operating profit (loss) | 9901 | €7,310 | €3,179 | -€4,131 | -56.5% |
| Financial income | 75/76B | - | €398 | +€398 | |
| Recurring financial income | 75 | - | €398 | +€398 | |
| Financial charges | 65/66B | €3,243 | €2,316 | -€927 | -28.6% |
| Recurring financial charges | 65 | €3,243 | €2,316 | -€927 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €4,067 | €1,261 | -€2,806 | -69.0% |
| Income taxes | 67/77 | €720 | €856 | +€137 | +19.0% |
| Profit (loss) for the period | 9904 | €3,347 | €405 | -€2,942 | -87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,347 | €405 | -€2,942 | -87.9% |
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 9 October 2026 via checked.be.