TIGNUM VDK: 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.
TIGNUM VDK
Largest movements
- Cash +€96,292
up €96,292 (+39.6%), from €243,418 to €339,710
mainly Net result for the year (+€222,198) and Other debts (+€69,440)
- Tangible fixed assets +€83,019
up €83,019 (+25,931%), from €320 to €83,340
of which Furniture and vehicles: +€72,966
- Receivables within one year +€12,345
up €12,345 (+2,700%), from €457 to €12,802
of which Trade receivables: +€12,100
- Reserves +€109,000
up €109,000 (+21.1%), from €517,608 to €626,608
- Other debts +€69,440
up €69,440 (+141%), from €49,183 to €118,623
- Gross operating margin +€17,503
up €17,503 (+8.9%), from €197,725 to €215,229
- Depreciation +€6,752
up €6,752 (+4,570%), from €148 to €6,900
- Taxes +€2,354
up €2,354 (+3.8%), from €62,668 to €65,023
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €882,723 | €1,073,380 | +€190,658 | +21.6% |
| Fixed assets | 21/28 | €636,244 | €719,263 | +€83,019 | +13.0% |
| Tangible fixed assets | 22/27 | €320 | €83,340 | +€83,019 | +25,931% |
| Plant, machinery and equipment | 23 | - | €5,142 | +€5,142 | |
| Furniture and vehicles | 24 | - | €72,966 | +€72,966 | |
| Other tangible fixed assets | 26 | €320 | €5,232 | +€4,912 | +1,534% |
| Financial fixed assets | 28 | €635,924 | €635,924 | = | 0.0% |
| Current assets | 29/58 | €246,479 | €354,117 | +€107,638 | +43.7% |
| Amounts receivable within one year | 40/41 | €457 | €12,802 | +€12,345 | +2,700% |
| Trade receivables | 40 | - | €12,100 | +€12,100 | |
| Other amounts receivable | 41 | €457 | €702 | +€245 | +53.5% |
| Cash at bank and in hand | 54/58 | €243,418 | €339,710 | +€96,292 | +39.6% |
| Deferred charges and accrued income | 490/1 | €2,603 | €1,605 | -€998 | -38.3% |
| Total equity and liabilities | 10/49 | €882,723 | €1,073,380 | +€190,658 | +21.6% |
| Equity | 10/15 | €822,240 | €931,240 | +€109,000 | +13.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €517,608 | €626,608 | +€109,000 | +21.1% |
| Distributable reserves | 133 | €517,608 | €626,608 | +€109,000 | +21.1% |
| Profit (loss) carried forward | 14 | €284,632 | €284,632 | = | 0.0% |
| Amounts payable | 17/49 | €60,482 | €142,141 | +€81,658 | +135% |
| Amounts payable within one year | 42/48 | €60,306 | €142,138 | +€81,832 | +136% |
| Trade debts | 44 | €2,225 | €10,857 | +€8,633 | +388% |
| Suppliers | 440/4 | €2,225 | €10,857 | +€8,633 | +388% |
| Taxes, remuneration and social security | 45 | €8,899 | €12,658 | +€3,759 | +42.2% |
| Taxes | 450/3 | €6,242 | €5,321 | -€922 | -14.8% |
| Remuneration and social security | 454/9 | €2,657 | €7,338 | +€4,681 | +176% |
| Other amounts payable | 47/48 | €49,183 | €118,623 | +€69,440 | +141% |
| Accrued charges and deferred income | 492/3 | €176 | €2 | -€174 | -98.8% |
| Non-recurring operating income | 76A | - | €7,500 | +€7,500 | |
| Remuneration, social security and pensions | 62 | €16,447 | €18,340 | +€1,893 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148 | €6,900 | +€6,752 | +4,570% |
| Other operating charges | 640/8 | €1,145 | €1,127 | -€18 | -1.6% |
| Gross operating margin | 9900 | €197,725 | €215,229 | +€17,503 | +8.9% |
| Operating profit (loss) | 9901 | €179,985 | €188,861 | +€8,876 | +4.9% |
| Financial income | 75/76B | €96,418 | €98,414 | +€1,997 | +2.1% |
| Recurring financial income | 75 | €96,418 | €98,414 | +€1,997 | +2.1% |
| Financial charges | 65/66B | €39 | €55 | +€16 | +41.9% |
| Recurring financial charges | 65 | €39 | €55 | +€16 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | €276,364 | €287,220 | +€10,856 | +3.9% |
| Income taxes | 67/77 | €62,668 | €65,023 | +€2,354 | +3.8% |
| Profit (loss) for the period | 9904 | €213,696 | €222,198 | +€8,502 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €213,696 | €222,198 | +€8,502 | +4.0% |
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 23 October 2026 via checked.be.