LA VIGNETTE: 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.
LA VIGNETTE
Largest movements
- Receivables within one year +€50,769
up €50,769 (+90.1%), from €56,364 to €107,133
of which Trade receivables: +€38,526
- Cash +€11,758
up €11,758 (+78.2%), from €15,030 to €26,788
mainly Net result for the year (+€79,131) and Other debts (+€70,500)
- Other debts +€70,500
up €70,500 (+14100.0%), from €500 to €71,000
- Trade debts -€21,740
down €21,740 (-70.4%), from €30,900 to €9,160
- Profit (loss) carried forward +€9,131
up €9,131 (+26.9%), from €33,982 to €43,113
- Tax, wage and social debts +€7,297
up €7,297 (+14.8%), from €49,302 to €56,599
of which Taxes: +€10,902
- Gross operating margin +€41,594
up €41,594 (+12.0%), from €346,611 to €388,204
- Staff costs -€8,545
down €8,545 (-2.9%), from €291,123 to €282,578
- Depreciation +€4,007
up €4,007 (+39.0%), from €10,283 to €14,290
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 | €135,584 | €201,123 | +€65,539 | +48.3% |
| Fixed assets | 21/28 | €50,732 | €52,912 | +€2,179 | +4.3% |
| Tangible fixed assets | 22/27 | €45,557 | €45,736 | +€179 | +0.4% |
| Land and buildings | 22 | €23,846 | €21,581 | -€2,265 | -9.5% |
| Plant, machinery and equipment | 23 | €20,255 | €18,864 | -€1,390 | -6.9% |
| Furniture and vehicles | 24 | €1,455 | €5,290 | +€3,835 | +263.5% |
| Financial fixed assets | 28 | €5,176 | €7,176 | +€2,000 | +38.6% |
| Current assets | 29/58 | €84,852 | €148,212 | +€63,360 | +74.7% |
| Stocks and contracts in progress | 3 | €13,377 | €14,291 | +€914 | +6.8% |
| Stocks | 30/36 | €13,377 | €14,291 | +€914 | +6.8% |
| Amounts receivable within one year | 40/41 | €56,364 | €107,133 | +€50,769 | +90.1% |
| Trade receivables | 40 | €0 | €38,526 | +€38,526 | |
| Other amounts receivable | 41 | €56,364 | €68,608 | +€12,244 | +21.7% |
| Cash at bank and in hand | 54/58 | €15,030 | €26,788 | +€11,758 | +78.2% |
| Deferred charges and accrued income | 490/1 | €81 | €0 | -€81 | -100.0% |
| Total equity and liabilities | 10/49 | €135,584 | €201,123 | +€65,539 | +48.3% |
| Equity | 10/15 | €54,882 | €64,013 | +€9,131 | +16.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,982 | €43,113 | +€9,131 | +26.9% |
| Amounts payable | 17/49 | €80,702 | €137,111 | +€56,409 | +69.9% |
| Amounts payable within one year | 42/48 | €80,702 | €136,759 | +€56,057 | +69.5% |
| Trade debts | 44 | €30,900 | €9,160 | -€21,740 | -70.4% |
| Suppliers | 440/4 | €30,900 | €9,160 | -€21,740 | -70.4% |
| Taxes, remuneration and social security | 45 | €49,302 | €56,599 | +€7,297 | +14.8% |
| Taxes | 450/3 | €17,118 | €28,020 | +€10,902 | +63.7% |
| Remuneration and social security | 454/9 | €32,184 | €28,579 | -€3,605 | -11.2% |
| Other amounts payable | 47/48 | €500 | €71,000 | +€70,500 | +14100.0% |
| Accrued charges and deferred income | 492/3 | - | €351 | +€351 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €291,123 | €282,578 | -€8,545 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,283 | €14,290 | +€4,007 | +39.0% |
| Other operating charges | 640/8 | €4,509 | €5,301 | +€791 | +17.5% |
| Gross operating margin | 9900 | €346,611 | €388,204 | +€41,594 | +12.0% |
| Operating profit (loss) | 9901 | €40,695 | €86,036 | +€45,341 | +111.4% |
| Financial income | 75/76B | €754 | €1 | -€753 | -99.9% |
| Recurring financial income | 75 | €754 | €1 | -€753 | -99.9% |
| Financial charges | 65/66B | €2,767 | €4,647 | +€1,879 | +67.9% |
| Recurring financial charges | 65 | €2,767 | €4,647 | +€1,879 | +67.9% |
| Profit (loss) for the period before taxes | 9903 | €38,681 | €81,390 | +€42,709 | +110.4% |
| Income taxes | 67/77 | €0 | €2,259 | +€2,259 | |
| Profit (loss) for the period | 9904 | €38,681 | €79,131 | +€40,449 | +104.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,681 | €79,131 | +€40,449 | +104.6% |
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 11 October 2026 via checked.be.