VIGOH: 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.
VIGOH
Largest movements
- Cash -€178,361
down €178,361 (-99.0%), from €180,149 to €1,788
mainly Other debts (-€137,682) and Receivables after one year (-€31,011)
- Receivables after one year +€31,011
up €31,011 (+14.6%), from €212,235 to €243,246
- Receivables within one year -€25,680
down €25,680 (-96.9%), from €26,489 to €810
of which Trade receivables: -€26,489
- Tangible fixed assets -€10,689
down €10,689 (-38.0%), from €28,165 to €17,475
of which Furniture and vehicles: -€9,498
- Financial fixed assets +€5,000
new in 2025: €5,000
- Other debts -€137,682
down €137,682 (-76.7%), from €179,402 to €41,720
- Tax, wage and social debts -€17,068
down €17,068 (-99.2%), from €17,198 to €130
- Trade debts -€10,397
down €10,397 (-58.6%), from €17,752 to €7,355
- Debts after one year -€8,328
down €8,328 (-59.9%), from €13,906 to €5,579
- Reserves -€5,860
down €5,860 (-2.8%), from €206,685 to €200,825
- Gross operating margin -€57,952
down €57,952 (-95.3%), from €60,793 to €2,840
- Taxes -€11,211
down €11,211 (-98.9%), from €11,341 to €130
- Financial charges +€1,350
up €1,350 (+262%), from €515 to €1,864
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 | €453,719 | €275,906 | -€177,813 | -39.2% |
| Fixed assets | 21/28 | €28,165 | €22,475 | -€5,689 | -20.2% |
| Tangible fixed assets | 22/27 | €28,165 | €17,475 | -€10,689 | -38.0% |
| Land and buildings | 22 | €2,149 | €1,541 | -€609 | -28.3% |
| Plant, machinery and equipment | 23 | €1,240 | €657 | -€583 | -47.0% |
| Furniture and vehicles | 24 | €24,776 | €15,278 | -€9,498 | -38.3% |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €425,554 | €253,431 | -€172,124 | -40.4% |
| Amounts receivable after more than one year | 29 | €212,235 | €243,246 | +€31,011 | +14.6% |
| Other amounts receivable | 291 | €212,235 | €243,246 | +€31,011 | +14.6% |
| Amounts receivable within one year | 40/41 | €26,489 | €810 | -€25,680 | -96.9% |
| Trade receivables | 40 | €26,489 | €0 | -€26,489 | -100% |
| Other amounts receivable | 41 | €0 | €810 | +€810 | |
| Cash at bank and in hand | 54/58 | €180,149 | €1,788 | -€178,361 | -99.0% |
| Deferred charges and accrued income | 490/1 | €6,682 | €7,588 | +€906 | +13.6% |
| Total equity and liabilities | 10/49 | €453,719 | €275,906 | -€177,813 | -39.2% |
| Equity | 10/15 | €216,685 | €210,825 | -€5,860 | -2.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €206,685 | €200,825 | -€5,860 | -2.8% |
| Distributable reserves | 133 | €206,685 | €200,825 | -€5,860 | -2.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €237,034 | €65,081 | -€171,953 | -72.5% |
| Amounts payable after more than one year | 17 | €13,906 | €5,579 | -€8,328 | -59.9% |
| Financial debts | 170/4 | €13,906 | €5,579 | -€8,328 | -59.9% |
| Amounts payable within one year | 42/48 | €222,631 | €57,533 | -€165,099 | -74.2% |
| Current portion of amounts payable after more than one year | 42 | €8,279 | €8,328 | +€49 | +0.6% |
| Trade debts | 44 | €17,752 | €7,355 | -€10,397 | -58.6% |
| Suppliers | 440/4 | €17,752 | €7,355 | -€10,397 | -58.6% |
| Taxes, remuneration and social security | 45 | €17,198 | €130 | -€17,068 | -99.2% |
| Taxes | 450/3 | €17,198 | €130 | -€17,068 | -99.2% |
| Other amounts payable | 47/48 | €179,402 | €41,720 | -€137,682 | -76.7% |
| Accrued charges and deferred income | 492/3 | €496 | €1,970 | +€1,474 | +297% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,584 | €10,689 | +€105 | +1.0% |
| Other operating charges | 640/8 | €1,417 | €1,988 | +€571 | +40.3% |
| Gross operating margin | 9900 | €60,793 | €2,840 | -€57,952 | -95.3% |
| Operating profit (loss) | 9901 | €48,791 | -€9,836 | -€58,628 | |
| Financial income | 75/76B | €5,472 | €5,970 | +€499 | +9.1% |
| Recurring financial income | 75 | €5,472 | €5,970 | +€499 | +9.1% |
| Financial charges | 65/66B | €515 | €1,864 | +€1,350 | +262% |
| Recurring financial charges | 65 | €515 | €1,864 | +€1,350 | +262% |
| Profit (loss) for the period before taxes | 9903 | €53,748 | -€5,730 | -€59,478 | |
| Income taxes | 67/77 | €11,341 | €130 | -€11,211 | -98.9% |
| Profit (loss) for the period | 9904 | €42,407 | -€5,860 | -€48,267 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,407 | -€5,860 | -€48,267 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.