VUEGEN TS: 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 TS
Largest movements
- Financial fixed assets +€151,402
up €151,402 (+33.8%), from €448,000 to €599,402
- Receivables within one year +€108,724
up €108,724 (+690%), from €15,764 to €124,488
of which Trade receivables: +€108,470
- Cash -€25,777
down €25,777 (-62.2%), from €41,450 to €15,673
mainly Contributions, distributions and other (-€400,000) and Investment in fixed assets (net) (-€151,402)
- Other debts +€360,961
up €360,961 (+108%), from €333,944 to €694,904
- Tax, wage and social debts -€122,192
down €122,192 (-89.0%), from €137,292 to €15,100
of which Taxes: -€119,348
- Gross operating margin -€541,451
down €541,451 (-87.3%), from €620,473 to €79,022
- Financial income +€399,951
up €399,951 (+44,858%), from €892 to €400,843
- Taxes -€135,513
no longer reported in 2025 (was €135,513)
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 | €505,214 | €740,963 | +€235,749 | +46.7% |
| Fixed assets | 21/28 | €448,000 | €599,402 | +€151,402 | +33.8% |
| Financial fixed assets | 28 | €448,000 | €599,402 | +€151,402 | +33.8% |
| Current assets | 29/58 | €57,214 | €141,561 | +€84,347 | +147% |
| Amounts receivable within one year | 40/41 | €15,764 | €124,488 | +€108,724 | +690% |
| Trade receivables | 40 | - | €108,470 | +€108,470 | |
| Other amounts receivable | 41 | €15,764 | €16,018 | +€254 | +1.6% |
| Cash at bank and in hand | 54/58 | €41,450 | €15,673 | -€25,777 | -62.2% |
| Deferred charges and accrued income | 490/1 | - | €1,400 | +€1,400 | |
| Total equity and liabilities | 10/49 | €505,214 | €740,963 | +€235,749 | +46.7% |
| Equity | 10/15 | €30,883 | €24,211 | -€6,672 | -21.6% |
| Contributions | 10/11 | €16,055 | €16,055 | = | 0.0% |
| Reserves | 13 | €14,828 | €8,155 | -€6,672 | -45.0% |
| Distributable reserves | 133 | €14,828 | €8,155 | -€6,672 | -45.0% |
| Amounts payable | 17/49 | €474,331 | €716,752 | +€242,421 | +51.1% |
| Amounts payable within one year | 42/48 | €474,331 | €716,752 | +€242,421 | +51.1% |
| Trade debts | 44 | €3,095 | €6,747 | +€3,652 | +118% |
| Suppliers | 440/4 | €3,095 | €6,747 | +€3,652 | +118% |
| Taxes, remuneration and social security | 45 | €137,292 | €15,100 | -€122,192 | -89.0% |
| Taxes | 450/3 | €121,608 | €2,260 | -€119,348 | -98.1% |
| Remuneration and social security | 454/9 | €15,684 | €12,841 | -€2,843 | -18.1% |
| Other amounts payable | 47/48 | €333,944 | €694,904 | +€360,961 | +108% |
| Remuneration, social security and pensions | 62 | €75,610 | €80,348 | +€4,739 | +6.3% |
| Other operating charges | 640/8 | - | €124 | +€124 | |
| Gross operating margin | 9900 | €620,473 | €79,022 | -€541,451 | -87.3% |
| Operating profit (loss) | 9901 | €544,863 | -€1,450 | -€546,313 | |
| Financial income | 75/76B | €892 | €400,843 | +€399,951 | +44,858% |
| Recurring financial income | 75 | €892 | €400,843 | +€399,951 | +44,858% |
| Financial charges | 65/66B | €4,600 | €6,065 | +€1,465 | +31.9% |
| Recurring financial charges | 65 | €4,600 | €6,065 | +€1,465 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | €541,155 | €393,328 | -€147,827 | -27.3% |
| Income taxes | 67/77 | €135,513 | - | -€135,513 | |
| Profit (loss) for the period | 9904 | €405,641 | €393,328 | -€12,314 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €405,641 | €393,328 | -€12,314 | -3.0% |
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 26 October 2026 via checked.be.