VIGELEC: 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.
VIGELEC
Largest movements
- Cash +€18,654
up €18,654 (+86.6%), from €21,535 to €40,189
mainly Other debts (+€14,006) and Net result for the year (+€9,470)
- Receivables within one year -€8,409
down €8,409 (-8.6%), from €97,461 to €89,051
of which Trade receivables: -€4,466
- Profit (loss) carried forward -€14,930
down €14,930 (-21.5%), from €69,291 to €54,360
- Other debts +€14,006
new in 2025: €14,006
- Reserves +€9,400
up €9,400 (+34.2%), from €27,500 to €36,900
- Trade debts +€2,304
up €2,304 (+53.0%), from €4,343 to €6,647
- Gross operating margin +€15,649
up €15,649 (+5832.7%), from €268 to €15,918
- Taxes +€2,168
up €2,168 (+85.2%), from €2,545 to €4,713
- Depreciation -€204
no longer reported in 2025 (was €204)
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 | €119,155 | €129,325 | +€10,170 | +8.5% |
| Current assets | 29/58 | €119,155 | €129,325 | +€10,170 | +8.5% |
| Amounts receivable within one year | 40/41 | €97,461 | €89,051 | -€8,409 | -8.6% |
| Trade receivables | 40 | €51,385 | €46,919 | -€4,466 | -8.7% |
| Other amounts receivable | 41 | €46,076 | €42,132 | -€3,943 | -8.6% |
| Cash at bank and in hand | 54/58 | €21,535 | €40,189 | +€18,654 | +86.6% |
| Deferred charges and accrued income | 490/1 | €160 | €85 | -€75 | -46.6% |
| Total equity and liabilities | 10/49 | €119,155 | €129,325 | +€10,170 | +8.5% |
| Equity | 10/15 | €96,791 | €91,260 | -€5,530 | -5.7% |
| Reserves | 13 | €27,500 | €36,900 | +€9,400 | +34.2% |
| Distributable reserves | 133 | €27,500 | €36,900 | +€9,400 | +34.2% |
| Profit (loss) carried forward | 14 | €69,291 | €54,360 | -€14,930 | -21.5% |
| Amounts payable | 17/49 | €22,365 | €38,065 | +€15,700 | +70.2% |
| Amounts payable within one year | 42/48 | €22,365 | €38,065 | +€15,700 | +70.2% |
| Trade debts | 44 | €4,343 | €6,647 | +€2,304 | +53.0% |
| Suppliers | 440/4 | €4,343 | €6,647 | +€2,304 | +53.0% |
| Taxes, remuneration and social security | 45 | €18,021 | €17,412 | -€610 | -3.4% |
| Taxes | 450/3 | €18,021 | €17,412 | -€610 | -3.4% |
| Other amounts payable | 47/48 | - | €14,006 | +€14,006 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204 | - | -€204 | |
| Other operating charges | 640/8 | €1,577 | €1,523 | -€54 | -3.4% |
| Gross operating margin | 9900 | €268 | €15,918 | +€15,649 | +5832.7% |
| Operating profit (loss) | 9901 | -€1,512 | €14,394 | +€15,907 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €222 | €211 | -€11 | -5.0% |
| Recurring financial charges | 65 | €222 | €211 | -€11 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,735 | €14,183 | +€15,918 | |
| Income taxes | 67/77 | €2,545 | €4,713 | +€2,168 | +85.2% |
| Profit (loss) for the period | 9904 | -€4,280 | €9,470 | +€13,750 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,280 | €9,470 | +€13,750 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.