VIGATHERM: 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.
VIGATHERM
Largest movements
- Cash +€18,678
up €18,678 (+32.4%), from €57,647 to €76,325
mainly Net result for the year (+€46,071) and Tax, wage and social debts (+€12,872)
- Tangible fixed assets -€9,024
down €9,024 (-66.1%), from €13,651 to €4,628
of which Furniture and vehicles: -€6,851
- Stocks and contracts +€7,510
up €7,510 (+89.9%), from €8,355 to €15,865
- Receivables within one year +€4,815
up €4,815 (+21.3%), from €22,650 to €27,465
of which Other amounts receivable: +€7,817
- Trade debts -€24,729
down €24,729 (-89.7%), from €27,561 to €2,832
- Reserves +€23,915
up €23,915 (+54.5%), from €43,860 to €67,775
- Tax, wage and social debts +€12,872
up €12,872 (+131.0%), from €9,823 to €22,695
of which Taxes: +€18,001
- Other debts +€12,407
up €12,407 (+94.2%), from €13,170 to €25,576
- Debts after one year -€3,510
no longer reported in 2025 (was €3,510)
- Gross operating margin +€64,230
up €64,230 (+312.4%), from €20,561 to €84,791
- Taxes +€18,315
up €18,315, from -€315 to €18,001
- Staff costs -€1,679
down €1,679 (-20.5%), from €8,195 to €6,515
- Other operating charges +€1,383
up €1,383 (+31.9%), from €4,341 to €5,724
- Depreciation -€1,215
down €1,215 (-11.9%), from €10,239 to €9,024
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 | €105,353 | €127,387 | +€22,034 | +20.9% |
| Fixed assets | 21/28 | €15,011 | €5,987 | -€9,024 | -60.1% |
| Tangible fixed assets | 22/27 | €13,651 | €4,628 | -€9,024 | -66.1% |
| Plant, machinery and equipment | 23 | €2,558 | €385 | -€2,173 | -85.0% |
| Furniture and vehicles | 24 | €11,094 | €4,243 | -€6,851 | -61.8% |
| Financial fixed assets | 28 | €1,359 | €1,359 | = | 0.0% |
| Current assets | 29/58 | €90,343 | €121,400 | +€31,058 | +34.4% |
| Stocks and contracts in progress | 3 | €8,355 | €15,865 | +€7,510 | +89.9% |
| Stocks | 30/36 | €8,355 | €15,865 | +€7,510 | +89.9% |
| Amounts receivable within one year | 40/41 | €22,650 | €27,465 | +€4,815 | +21.3% |
| Trade receivables | 40 | €11,214 | €8,212 | -€3,002 | -26.8% |
| Other amounts receivable | 41 | €11,436 | €19,253 | +€7,817 | +68.4% |
| Cash at bank and in hand | 54/58 | €57,647 | €76,325 | +€18,678 | +32.4% |
| Deferred charges and accrued income | 490/1 | €1,691 | €1,745 | +€54 | +3.2% |
| Total equity and liabilities | 10/49 | €105,353 | €127,387 | +€22,034 | +20.9% |
| Equity | 10/15 | €46,704 | €72,775 | +€26,071 | +55.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €43,860 | €67,775 | +€23,915 | +54.5% |
| Distributable reserves | 133 | €43,860 | €67,775 | +€23,915 | +54.5% |
| Profit (loss) carried forward | 14 | -€2,156 | - | +€2,156 | |
| Amounts payable | 17/49 | €58,650 | €54,613 | -€4,037 | -6.9% |
| Amounts payable after more than one year | 17 | €3,510 | - | -€3,510 | |
| Financial debts | 170/4 | €3,510 | - | -€3,510 | |
| Amounts payable within one year | 42/48 | €55,140 | €54,613 | -€527 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €4,587 | €3,510 | -€1,077 | -23.5% |
| Trade debts | 44 | €27,561 | €2,832 | -€24,729 | -89.7% |
| Suppliers | 440/4 | €27,561 | €2,832 | -€24,729 | -89.7% |
| Taxes, remuneration and social security | 45 | €9,823 | €22,695 | +€12,872 | +131.0% |
| Taxes | 450/3 | - | €18,001 | +€18,001 | |
| Remuneration and social security | 454/9 | €9,823 | €4,694 | -€5,129 | -52.2% |
| Other amounts payable | 47/48 | €13,170 | €25,576 | +€12,407 | +94.2% |
| Remuneration, social security and pensions | 62 | €8,195 | €6,515 | -€1,679 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,239 | €9,024 | -€1,215 | -11.9% |
| Other operating charges | 640/8 | €4,341 | €5,724 | +€1,383 | +31.9% |
| Gross operating margin | 9900 | €20,561 | €84,791 | +€64,230 | +312.4% |
| Operating profit (loss) | 9901 | -€2,214 | €63,528 | +€65,741 | |
| Financial income | 75/76B | €144 | €982 | +€838 | +580.7% |
| Recurring financial income | 75 | €144 | €982 | +€838 | +580.7% |
| Financial charges | 65/66B | €402 | €438 | +€37 | +9.1% |
| Recurring financial charges | 65 | €402 | €438 | +€37 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,471 | €64,072 | +€66,543 | |
| Income taxes | 67/77 | -€315 | €18,001 | +€18,315 | |
| Profit (loss) for the period | 9904 | -€2,156 | €46,071 | +€48,227 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,156 | €46,071 | +€48,227 |
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 9 October 2026 via checked.be.