VIGNALPI: 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.
VIGNALPI
Largest movements
- Stocks and contracts -€10,517
down €10,517 (-12.1%), from €86,954 to €76,437
- Cash +€9,644
up €9,644 (+1852.6%), from €521 to €10,164
mainly Stocks and contracts (+€10,517) and Receivables within one year (+€8,167)
- Receivables within one year -€8,167
down €8,167 (-17.1%), from €47,804 to €39,637
of which Trade receivables: -€8,562
- Tangible fixed assets -€1,713
down €1,713 (-100.0%), from €1,713 to €0
of which Leasing and similar rights: -€1,713
- Trade debts -€9,905
down €9,905 (-70.7%), from €14,011 to €4,106
- Profit (loss) carried forward +€5,516
up €5,516 (+5.7%), from €96,351 to €101,867
- Short-term financial debts -€4,322
down €4,322 (-100.0%), from €4,322 to €0
- Tax, wage and social debts -€2,043
down €2,043 (-14.4%), from €14,162 to €12,119
- Other operating charges -€5,776
down €5,776 (-25.6%), from €22,576 to €16,800
- Gross operating margin -€5,759
down €5,759 (-16.1%), from €35,782 to €30,023
- Depreciation +€1,279
up €1,279 (+34.7%), from €3,688 to €4,967
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 | €136,992 | €126,238 | -€10,753 | -7.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,713 | €0 | -€1,713 | -100.0% |
| Tangible fixed assets | 22/27 | €1,713 | €0 | -€1,713 | -100.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €1,713 | €0 | -€1,713 | -100.0% |
| Current assets | 29/58 | €135,279 | €126,238 | -€9,041 | -6.7% |
| Stocks and contracts in progress | 3 | €86,954 | €76,437 | -€10,517 | -12.1% |
| Stocks | 30/36 | €86,954 | €76,437 | -€10,517 | -12.1% |
| Amounts receivable within one year | 40/41 | €47,804 | €39,637 | -€8,167 | -17.1% |
| Trade receivables | 40 | €46,814 | €38,251 | -€8,562 | -18.3% |
| Other amounts receivable | 41 | €990 | €1,386 | +€396 | +40.0% |
| Cash at bank and in hand | 54/58 | €521 | €10,164 | +€9,644 | +1852.6% |
| Total equity and liabilities | 10/49 | €136,992 | €126,238 | -€10,753 | -7.8% |
| Equity | 10/15 | €104,411 | €109,927 | +€5,516 | +5.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,351 | €101,867 | +€5,516 | +5.7% |
| Amounts payable | 17/49 | €32,580 | €16,311 | -€16,269 | -49.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €32,580 | €16,311 | -€16,269 | -49.9% |
| Financial debts | 43 | €4,322 | €0 | -€4,322 | -100.0% |
| Credit institutions | 430/8 | €4,322 | €0 | -€4,322 | -100.0% |
| Trade debts | 44 | €14,011 | €4,106 | -€9,905 | -70.7% |
| Suppliers | 440/4 | €14,011 | €4,106 | -€9,905 | -70.7% |
| Taxes, remuneration and social security | 45 | €14,162 | €12,119 | -€2,043 | -14.4% |
| Taxes | 450/3 | €14,162 | €12,119 | -€2,043 | -14.4% |
| Other amounts payable | 47/48 | €85 | €85 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,688 | €4,967 | +€1,279 | +34.7% |
| Other operating charges | 640/8 | €22,576 | €16,800 | -€5,776 | -25.6% |
| Non-recurring operating charges | 66A | €970 | €346 | -€625 | -64.4% |
| Gross operating margin | 9900 | €35,782 | €30,023 | -€5,759 | -16.1% |
| Operating profit (loss) | 9901 | €8,548 | €7,910 | -€638 | -7.5% |
| Financial income | 75/76B | €107 | €326 | +€219 | +204.7% |
| Recurring financial income | 75 | €107 | €326 | +€219 | +204.7% |
| Non-recurring financial income | 76B | €107 | €326 | +€219 | +204.7% |
| Financial charges | 65/66B | €586 | €285 | -€300 | -51.3% |
| Recurring financial charges | 65 | €586 | €285 | -€300 | -51.3% |
| Profit (loss) for the period before taxes | 9903 | €8,069 | €7,951 | -€118 | -1.5% |
| Income taxes | 67/77 | €2,581 | €2,435 | -€146 | -5.7% |
| Profit (loss) for the period | 9904 | €5,488 | €5,516 | +€28 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,488 | €5,516 | +€28 | +0.5% |
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 10 October 2026 via checked.be.