MIGNON Vincent: 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.
MIGNON Vincent
Largest movements
- Receivables within one year -€81,183
down €81,183 (-71.5%), from €113,484 to €32,300
of which Trade receivables: -€77,123
- Tangible fixed assets +€44,075
up €44,075 (+11.0%), from €401,389 to €445,464
of which Plant, machinery and equipment: +€149,384
- Cash +€12,842
up €12,842 (+344%), from €3,737 to €16,579
mainly Receivables within one year (+€81,183) and Depreciation (+€53,441)
- Trade debts -€101,154
down €101,154 (-94.4%), from €107,180 to €6,026
- Accrued charges and deferred income +€27,556
up €27,556 (+77,406%), from €36 to €27,592
- Reserves +€20,369
up €20,369 (+51.2%), from €39,765 to €60,134
- Debts after one year +€15,886
up €15,886 (+4.6%), from €345,636 to €361,523
of which Financial debts: +€21,076
- Current portion of long-term debt +€10,149
up €10,149 (+71.7%), from €14,161 to €24,311
- Gross operating margin +€47,676
up €47,676 (+110%), from €43,150 to €90,825
- Depreciation +€42,574
up €42,574 (+392%), from €10,868 to €53,441
- Taxes -€5,235
down €5,235 (-74.8%), from €7,003 to €1,767
- Financial charges +€1,653
up €1,653 (+21.3%), from €7,753 to €9,406
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 | €526,665 | €500,431 | -€26,234 | -5.0% |
| Fixed assets | 21/28 | €401,389 | €445,464 | +€44,075 | +11.0% |
| Tangible fixed assets | 22/27 | €401,389 | €445,464 | +€44,075 | +11.0% |
| Land and buildings | 22 | €261,859 | €251,003 | -€10,856 | -4.1% |
| Plant, machinery and equipment | 23 | €1,105 | €150,490 | +€149,384 | +13,516% |
| Furniture and vehicles | 24 | €10,153 | €43,972 | +€33,819 | +333% |
| Assets under construction and advance payments | 27 | €128,272 | - | -€128,272 | |
| Current assets | 29/58 | €125,276 | €54,967 | -€70,309 | -56.1% |
| Stocks and contracts in progress | 3 | €957 | €543 | -€414 | -43.2% |
| Stocks | 30/36 | €957 | €543 | -€414 | -43.2% |
| Amounts receivable within one year | 40/41 | €113,484 | €32,300 | -€81,183 | -71.5% |
| Trade receivables | 40 | €109,423 | €32,300 | -€77,123 | -70.5% |
| Other amounts receivable | 41 | €4,060 | - | -€4,060 | |
| Cash at bank and in hand | 54/58 | €3,737 | €16,579 | +€12,842 | +344% |
| Deferred charges and accrued income | 490/1 | €7,098 | €5,544 | -€1,553 | -21.9% |
| Total equity and liabilities | 10/49 | €526,665 | €500,431 | -€26,234 | -5.0% |
| Equity | 10/15 | €44,765 | €65,134 | +€20,369 | +45.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €39,765 | €60,134 | +€20,369 | +51.2% |
| Distributable reserves | 133 | €39,765 | €60,134 | +€20,369 | +51.2% |
| Amounts payable | 17/49 | €481,900 | €435,297 | -€46,603 | -9.7% |
| Amounts payable after more than one year | 17 | €345,636 | €361,523 | +€15,886 | +4.6% |
| Financial debts | 170/4 | €102,504 | €123,580 | +€21,076 | +20.6% |
| Other amounts payable | 178/9 | €243,133 | €237,943 | -€5,190 | -2.1% |
| Amounts payable within one year | 42/48 | €136,228 | €46,182 | -€90,046 | -66.1% |
| Current portion of amounts payable after more than one year | 42 | €14,161 | €24,311 | +€10,149 | +71.7% |
| Trade debts | 44 | €107,180 | €6,026 | -€101,154 | -94.4% |
| Suppliers | 440/4 | €107,180 | €6,026 | -€101,154 | -94.4% |
| Advances received on contracts in progress | 46 | €2,559 | €2,559 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €12,327 | €12,078 | -€249 | -2.0% |
| Taxes | 450/3 | €12,327 | €12,078 | -€249 | -2.0% |
| Other amounts payable | 47/48 | €0 | €1,208 | +€1,208 | |
| Accrued charges and deferred income | 492/3 | €36 | €27,592 | +€27,556 | +77,406% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,868 | €53,441 | +€42,574 | +392% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,984 | €2,702 | +€718 | +36.2% |
| Non-recurring operating charges | 66A | - | €3,040 | +€3,040 | |
| Gross operating margin | 9900 | €43,150 | €90,825 | +€47,676 | +110% |
| Operating profit (loss) | 9901 | €30,297 | €31,642 | +€1,344 | +4.4% |
| Financial income | 75/76B | €1,033 | €734 | -€299 | -29.0% |
| Recurring financial income | 75 | €1,033 | €734 | -€299 | -29.0% |
| Financial charges | 65/66B | €7,753 | €9,406 | +€1,653 | +21.3% |
| Recurring financial charges | 65 | €7,753 | €9,406 | +€1,653 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €23,577 | €22,970 | -€607 | -2.6% |
| Income taxes | 67/77 | €7,003 | €1,767 | -€5,235 | -74.8% |
| Profit (loss) for the period | 9904 | €16,575 | €21,202 | +€4,628 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,575 | €21,202 | +€4,628 | +27.9% |
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 30 October 2026 via checked.be.