PUBLI VIGNERON: 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.
PUBLI VIGNERON
Largest movements
- Receivables within one year +€71,247
up €71,247 (+40.0%), from €178,256 to €249,503
of which Other amounts receivable: +€62,883
- Cash -€13,358
down €13,358 (-96.2%), from €13,881 to €523
mainly Receivables within one year (-€71,247) and Deferred charges and accrued income (-€320)
- Reserves +€50,447
up €50,447 (+128%), from €39,495 to €89,942
of which Distributable reserves: +€50,447
- Tax, wage and social debts +€3,733
up €3,733 (+9.6%), from €38,936 to €42,668
- Trade debts +€3,135
up €3,135 (+14.7%), from €21,375 to €24,510
- Taxes -€17,946
down €17,946 (-38.0%), from €47,265 to €29,319
- Gross operating margin -€11,620
down €11,620 (-13.9%), from €83,834 to €72,214
- Financial income +€4,170
up €4,170 (+82.7%), from €5,040 to €9,210
- Other operating charges -€1,894
down €1,894 (-74.7%), from €2,536 to €641
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 | €193,766 | €251,080 | +€57,314 | +29.6% |
| Fixed assets | 21/28 | €1,464 | €570 | -€895 | -61.1% |
| Tangible fixed assets | 22/27 | €1,464 | €570 | -€895 | -61.1% |
| Furniture and vehicles | 24 | €1,464 | €570 | -€895 | -61.1% |
| Current assets | 29/58 | €192,301 | €250,510 | +€58,209 | +30.3% |
| Amounts receivable within one year | 40/41 | €178,256 | €249,503 | +€71,247 | +40.0% |
| Trade receivables | 40 | €42,768 | €51,131 | +€8,364 | +19.6% |
| Other amounts receivable | 41 | €135,488 | €198,372 | +€62,883 | +46.4% |
| Cash at bank and in hand | 54/58 | €13,881 | €523 | -€13,358 | -96.2% |
| Deferred charges and accrued income | 490/1 | €165 | €485 | +€320 | +194% |
| Total equity and liabilities | 10/49 | €193,766 | €251,080 | +€57,314 | +29.6% |
| Equity | 10/15 | €133,455 | €183,902 | +€50,447 | +37.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,495 | €89,942 | +€50,447 | +128% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €37,635 | €88,082 | +€50,447 | +134% |
| Profit (loss) carried forward | 14 | €75,360 | €75,360 | = | 0.0% |
| Amounts payable | 17/49 | €60,311 | €67,178 | +€6,868 | +11.4% |
| Amounts payable within one year | 42/48 | €60,311 | €67,178 | +€6,868 | +11.4% |
| Trade debts | 44 | €21,375 | €24,510 | +€3,135 | +14.7% |
| Suppliers | 440/4 | €21,375 | €24,510 | +€3,135 | +14.7% |
| Taxes, remuneration and social security | 45 | €38,936 | €42,668 | +€3,733 | +9.6% |
| Taxes | 450/3 | €38,936 | €42,668 | +€3,733 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,359 | €895 | -€464 | -34.2% |
| Other operating charges | 640/8 | €2,536 | €641 | -€1,894 | -74.7% |
| Gross operating margin | 9900 | €83,834 | €72,214 | -€11,620 | -13.9% |
| Operating profit (loss) | 9901 | €79,940 | €70,678 | -€9,262 | -11.6% |
| Financial income | 75/76B | €5,040 | €9,210 | +€4,170 | +82.7% |
| Recurring financial income | 75 | €5,040 | €9,210 | +€4,170 | +82.7% |
| Financial charges | 65/66B | €80 | €122 | +€42 | +52.1% |
| Recurring financial charges | 65 | €80 | €122 | +€42 | +52.1% |
| Profit (loss) for the period before taxes | 9903 | €84,900 | €79,766 | -€5,134 | -6.0% |
| Income taxes | 67/77 | €47,265 | €29,319 | -€17,946 | -38.0% |
| Profit (loss) for the period | 9904 | €37,635 | €50,447 | +€12,812 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,635 | €50,447 | +€12,812 | +34.0% |
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 24 October 2026 via checked.be.