VIGNA: 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.
VIGNA
Largest movements
- Tangible fixed assets +€481,617
up €481,617 (+12.6%), from €3.8m to €4.3m
of which Assets under construction and advance payments: +€624,835
- Cash -€104,134
down €104,134 (-99.3%), from €104,826 to €692
mainly Investment in fixed assets (net) (-€637,590) and Net result for the year (-€198,902)
- Receivables within one year -€102,050
down €102,050 (-67.9%), from €150,228 to €48,179
of which Trade receivables: -€90,496
- Stocks and contracts -€76,011
down €76,011 (-14.9%), from €511,155 to €435,143
- Other debts +€423,080
up €423,080 (+8.0%), from €5.3m to €5.7m
- Profit (loss) carried forward -€198,902
down €198,902 (-23.3%), from -€854,193 to -€1.1m
- Gross operating margin +€129,043
up €129,043 (+250%), from €51,542 to €180,585
- Depreciation -€9,391
down €9,391 (-5.7%), from €164,864 to €155,473
- Staff costs +€6,436
up €6,436 (+3.5%), from €183,962 to €190,398
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 | €4,588,040 | €4,787,714 | +€199,673 | +4.4% |
| Fixed assets | 21/28 | €3,821,582 | €4,303,700 | +€482,117 | +12.6% |
| Tangible fixed assets | 22/27 | €3,820,482 | €4,302,100 | +€481,617 | +12.6% |
| Land and buildings | 22 | €3,169,134 | €3,091,015 | -€78,119 | -2.5% |
| Plant, machinery and equipment | 23 | €227,129 | €183,980 | -€43,148 | -19.0% |
| Furniture and vehicles | 24 | €39,359 | €22,369 | -€16,990 | -43.2% |
| Other tangible fixed assets | 26 | €181,718 | €176,757 | -€4,961 | -2.7% |
| Assets under construction and advance payments | 27 | €203,143 | €827,978 | +€624,835 | +308% |
| Financial fixed assets | 28 | €1,100 | €1,600 | +€500 | +45.5% |
| Current assets | 29/58 | €766,458 | €484,014 | -€282,444 | -36.9% |
| Stocks and contracts in progress | 3 | €511,155 | €435,143 | -€76,011 | -14.9% |
| Stocks | 30/36 | €511,155 | €435,143 | -€76,011 | -14.9% |
| Amounts receivable within one year | 40/41 | €150,228 | €48,179 | -€102,050 | -67.9% |
| Trade receivables | 40 | €137,846 | €47,351 | -€90,496 | -65.6% |
| Other amounts receivable | 41 | €12,382 | €828 | -€11,554 | -93.3% |
| Cash at bank and in hand | 54/58 | €104,826 | €692 | -€104,134 | -99.3% |
| Deferred charges and accrued income | 490/1 | €249 | - | -€249 | |
| Total equity and liabilities | 10/49 | €4,588,040 | €4,787,714 | +€199,673 | +4.4% |
| Equity | 10/15 | -€835,593 | -€1,034,494 | -€198,902 | -23.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€854,193 | -€1,053,094 | -€198,902 | -23.3% |
| Amounts payable | 17/49 | €5,423,633 | €5,822,208 | +€398,575 | +7.3% |
| Amounts payable within one year | 42/48 | €5,365,742 | €5,773,454 | +€407,713 | +7.6% |
| Trade debts | 44 | €73,184 | €65,948 | -€7,236 | -9.9% |
| Suppliers | 440/4 | €73,184 | €65,948 | -€7,236 | -9.9% |
| Taxes, remuneration and social security | 45 | €32,692 | €24,560 | -€8,132 | -24.9% |
| Taxes | 450/3 | €19,514 | €12,274 | -€7,241 | -37.1% |
| Remuneration and social security | 454/9 | €13,178 | €12,287 | -€892 | -6.8% |
| Other amounts payable | 47/48 | €5,259,865 | €5,682,946 | +€423,080 | +8.0% |
| Accrued charges and deferred income | 492/3 | €57,892 | €48,754 | -€9,137 | -15.8% |
| Remuneration, social security and pensions | 62 | €183,962 | €190,398 | +€6,436 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164,864 | €155,473 | -€9,391 | -5.7% |
| Other operating charges | 640/8 | €34,973 | €33,646 | -€1,328 | -3.8% |
| Gross operating margin | 9900 | €51,542 | €180,585 | +€129,043 | +250% |
| Operating profit (loss) | 9901 | -€332,257 | -€198,931 | +€133,325 | +40.1% |
| Financial income | 75/76B | €999 | €883 | -€115 | -11.6% |
| Recurring financial income | 75 | €999 | €883 | -€115 | -11.6% |
| Financial charges | 65/66B | €1,024 | €853 | -€170 | -16.6% |
| Recurring financial charges | 65 | €1,024 | €853 | -€170 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | -€332,281 | -€198,902 | +€133,380 | +40.1% |
| Profit (loss) for the period | 9904 | -€332,281 | -€198,902 | +€133,380 | +40.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€332,281 | -€198,902 | +€133,380 | +40.1% |
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 14 October 2026 via checked.be.