Vicugna: what changed
Two fiscal 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.
Vicugna
Largest movements
- Cash -€112,665
down €112,665 (-26.3%), from €428,477 to €315,812
mainly Other debts (-€153,737) and Stocks and contracts (-€41,655)
- Stocks and contracts +€41,655
up €41,655 (+25.2%), from €165,276 to €206,931
- Receivables within one year +€40,380
up €40,380 (+48.9%), from €82,637 to €123,017
of which Other amounts receivable: +€34,054
- Tangible fixed assets -€24,696
down €24,696 (-24.2%), from €101,844 to €77,148
of which Furniture and vehicles: -€12,424
- Other debts -€153,737
down €153,737 (-82.7%), from €185,952 to €32,216
- Reserves +€72,226
up €72,226 (+14.7%), from €490,675 to €562,902
- Trade debts +€14,963
up €14,963 (+151.5%), from €9,878 to €24,840
- Accrued charges and deferred income +€8,825
new in 2025: €8,825
- Gross operating margin -€15,887
down €15,887 (-7.8%), from €204,366 to €188,478
- Financial charges +€7,605
up €7,605 (+80.4%), from €9,456 to €17,061
- Financial income +€7,088
up €7,088 (+170.3%), from €4,163 to €11,252
- Write-downs -€5,952
down €5,952 (-37.7%), from €15,798 to €9,847
- Other operating charges -€4,352
down €4,352 (-73.4%), from €5,933 to €1,581
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 | €779,329 | €723,987 | -€55,342 | -7.1% |
| Fixed assets | 21/28 | €102,075 | €77,325 | -€24,750 | -24.2% |
| Intangible fixed assets | 21 | €232 | €177 | -€54 | -23.5% |
| Tangible fixed assets | 22/27 | €101,844 | €77,148 | -€24,696 | -24.2% |
| Land and buildings | 22 | €70,873 | €58,873 | -€11,999 | -16.9% |
| Plant, machinery and equipment | 23 | €476 | €204 | -€272 | -57.1% |
| Furniture and vehicles | 24 | €30,495 | €18,071 | -€12,424 | -40.7% |
| Current assets | 29/58 | €677,254 | €646,661 | -€30,592 | -4.5% |
| Stocks and contracts in progress | 3 | €165,276 | €206,931 | +€41,655 | +25.2% |
| Stocks | 30/36 | €165,276 | €206,931 | +€41,655 | +25.2% |
| Amounts receivable within one year | 40/41 | €82,637 | €123,017 | +€40,380 | +48.9% |
| Trade receivables | 40 | €75,479 | €81,805 | +€6,327 | +8.4% |
| Other amounts receivable | 41 | €7,158 | €41,212 | +€34,054 | +475.7% |
| Cash at bank and in hand | 54/58 | €428,477 | €315,812 | -€112,665 | -26.3% |
| Deferred charges and accrued income | 490/1 | €863 | €900 | +€37 | +4.3% |
| Total equity and liabilities | 10/49 | €779,329 | €723,987 | -€55,342 | -7.1% |
| Equity | 10/15 | €521,995 | €594,221 | +€72,226 | +13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €490,675 | €562,902 | +€72,226 | +14.7% |
| Distributable reserves | 133 | €490,675 | €562,902 | +€72,226 | +14.7% |
| Profit (loss) carried forward | 14 | €12,720 | €12,720 | = | 0.0% |
| Amounts payable | 17/49 | €257,334 | €129,765 | -€127,569 | -49.6% |
| Amounts payable within one year | 42/48 | €257,334 | €120,940 | -€136,394 | -53.0% |
| Trade debts | 44 | €9,878 | €24,840 | +€14,963 | +151.5% |
| Suppliers | 440/4 | €9,878 | €24,840 | +€14,963 | +151.5% |
| Advances received on contracts in progress | 46 | €25,630 | €22,419 | -€3,211 | -12.5% |
| Taxes, remuneration and social security | 45 | €35,873 | €41,465 | +€5,592 | +15.6% |
| Taxes | 450/3 | €35,873 | €41,465 | +€5,592 | +15.6% |
| Other amounts payable | 47/48 | €185,952 | €32,216 | -€153,737 | -82.7% |
| Accrued charges and deferred income | 492/3 | - | €8,825 | +€8,825 | |
| Non-recurring operating income | 76A | €109,299 | - | -€109,299 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,810 | €24,750 | -€60 | -0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,798 | €9,847 | -€5,952 | -37.7% |
| Other operating charges | 640/8 | €5,933 | €1,581 | -€4,352 | -73.4% |
| Gross operating margin | 9900 | €204,366 | €188,478 | -€15,887 | -7.8% |
| Operating profit (loss) | 9901 | €157,824 | €152,301 | -€5,523 | -3.5% |
| Financial income | 75/76B | €4,163 | €11,252 | +€7,088 | +170.3% |
| Recurring financial income | 75 | €4,163 | €11,252 | +€7,088 | +170.3% |
| Financial charges | 65/66B | €9,456 | €17,061 | +€7,605 | +80.4% |
| Recurring financial charges | 65 | €9,456 | €17,061 | +€7,605 | +80.4% |
| Profit (loss) for the period before taxes | 9903 | €152,532 | €146,492 | -€6,040 | -4.0% |
| Income taxes | 67/77 | €44,467 | €42,352 | -€2,115 | -4.8% |
| Profit (loss) for the period | 9904 | €108,065 | €104,140 | -€3,925 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €108,065 | €104,140 | -€3,925 | -3.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.