ETS O. VIGNOUL: what changed
ETS O. VIGNOUL
Largest movements
- Stocks and contracts -€97,256
down €97,256 (-72.1%), from €134,810 to €37,554
- Cash +€63,822
up €63,822 (+482%), from €13,239 to €77,061
mainly Stocks and contracts (+€97,256) and Deferred charges and accrued income (+€3,168)
- Deferred charges and accrued income -€3,168
down €3,168 (-98.2%), from €3,227 to €58
- Receivables within one year -€2,257
down €2,257 (-24.1%), from €9,360 to €7,104
of which Other amounts receivable: -€9,360
- Other debts -€20,000
no longer reported in 2025 (was €20,000)
- Profit (loss) carried forward -€17,671
down €17,671 (-13.1%), from €134,984 to €117,312
- Tax, wage and social debts -€1,698
down €1,698 (-32.8%), from €5,179 to €3,481
- Gross operating margin -€24,635
down €24,635, from €8,732 to -€15,903
- Taxes -€1,750
down €1,750 (-85.6%), from €2,044 to €294
- Depreciation -€588
down €588 (-63.8%), from €922 to €333
- Financial income +€200
up €200 (+100%), from €200 to €400
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,969 | €121,776 | -€39,192 | -24.3% |
| Fixed assets | 21/28 | €333 | - | -€333 | |
| Tangible fixed assets | 22/27 | €333 | - | -€333 | |
| Plant, machinery and equipment | 23 | €333 | - | -€333 | |
| Current assets | 29/58 | €160,635 | €121,776 | -€38,859 | -24.2% |
| Stocks and contracts in progress | 3 | €134,810 | €37,554 | -€97,256 | -72.1% |
| Stocks | 30/36 | €134,810 | €37,554 | -€97,256 | -72.1% |
| Amounts receivable within one year | 40/41 | €9,360 | €7,104 | -€2,257 | -24.1% |
| Trade receivables | 40 | - | €7,104 | +€7,104 | |
| Other amounts receivable | 41 | €9,360 | - | -€9,360 | |
| Cash at bank and in hand | 54/58 | €13,239 | €77,061 | +€63,822 | +482% |
| Deferred charges and accrued income | 490/1 | €3,227 | €58 | -€3,168 | -98.2% |
| Total equity and liabilities | 10/49 | €160,969 | €121,776 | -€39,192 | -24.3% |
| Equity | 10/15 | €134,984 | €117,312 | -€17,671 | -13.1% |
| Profit (loss) carried forward | 14 | €134,984 | €117,312 | -€17,671 | -13.1% |
| Amounts payable | 17/49 | €25,985 | €4,464 | -€21,521 | -82.8% |
| Amounts payable within one year | 42/48 | €25,985 | €4,464 | -€21,521 | -82.8% |
| Trade debts | 44 | €806 | €733 | -€72 | -9.0% |
| Suppliers | 440/4 | €806 | €733 | -€72 | -9.0% |
| Advances received on contracts in progress | 46 | - | €250 | +€250 | |
| Taxes, remuneration and social security | 45 | €5,179 | €3,481 | -€1,698 | -32.8% |
| Taxes | 450/3 | €5,179 | €3,481 | -€1,698 | -32.8% |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €922 | €333 | -€588 | -63.8% |
| Other operating charges | 640/8 | €1,524 | €1,468 | -€56 | -3.7% |
| Gross operating margin | 9900 | €8,732 | -€15,903 | -€24,635 | |
| Operating profit (loss) | 9901 | €6,286 | -€17,705 | -€23,991 | |
| Financial income | 75/76B | €200 | €400 | +€200 | +100% |
| Recurring financial income | 75 | €200 | €400 | +€200 | +100% |
| Financial charges | 65/66B | €50 | €73 | +€22 | +44.1% |
| Recurring financial charges | 65 | €50 | €73 | +€22 | +44.1% |
| Profit (loss) for the period before taxes | 9903 | €6,436 | -€17,377 | -€23,813 | |
| Income taxes | 67/77 | €2,044 | €294 | -€1,750 | -85.6% |
| Profit (loss) for the period | 9904 | €4,392 | -€17,671 | -€22,063 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,392 | -€17,671 | -€22,063 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.