VIGNÉE INVEST: 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.
VIGNÉE INVEST
Largest movements
- Cash +€313,230
up €313,230 (+217%), from €144,397 to €457,627
mainly Net result for the year (+€216,450) and Depreciation (+€145,409)
- Tangible fixed assets -€115,767
down €115,767 (-10.4%), from €1.1m to €994,622
of which Land and buildings: -€114,031
- Deferred charges and accrued income -€16,552
down €16,552 (-100%), from €16,552 to €0
- Profit (loss) carried forward +€111,200
up €111,200 (+257%), from €43,192 to €154,392
- Reserves +€105,250
up €105,250 (+105%), from €100,000 to €205,250
of which Tax-exempt reserves: +€105,250
- Trade debts -€29,405
down €29,405 (-45.9%), from €64,069 to €34,664
- Gross operating margin +€24,890
up €24,890 (+4.9%), from €509,591 to €534,481
- Taxes +€6,895
up €6,895 (+10.4%), from €66,457 to €73,353
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 | €1,285,128 | €1,465,792 | +€180,664 | +14.1% |
| Fixed assets | 21/28 | €1,110,637 | €994,622 | -€116,015 | -10.4% |
| Tangible fixed assets | 22/27 | €1,110,389 | €994,622 | -€115,767 | -10.4% |
| Land and buildings | 22 | €1,103,026 | €988,995 | -€114,031 | -10.3% |
| Plant, machinery and equipment | 23 | €7,363 | €5,627 | -€1,736 | -23.6% |
| Financial fixed assets | 28 | €248 | €0 | -€248 | -100% |
| Current assets | 29/58 | €174,491 | €471,170 | +€296,679 | +170% |
| Amounts receivable within one year | 40/41 | €13,543 | €13,543 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €13,543 | €13,543 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €144,397 | €457,627 | +€313,230 | +217% |
| Deferred charges and accrued income | 490/1 | €16,552 | €0 | -€16,552 | -100% |
| Total equity and liabilities | 10/49 | €1,285,128 | €1,465,792 | +€180,664 | +14.1% |
| Equity | 10/15 | €1,143,192 | €1,359,642 | +€216,450 | +18.9% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €205,250 | +€105,250 | +105% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €105,250 | +€105,250 | |
| Profit (loss) carried forward | 14 | €43,192 | €154,392 | +€111,200 | +257% |
| Amounts payable | 17/49 | €141,936 | €106,150 | -€35,787 | -25.2% |
| Amounts payable after more than one year | 17 | €43,133 | €43,133 | = | 0.0% |
| Other amounts payable | 178/9 | €43,133 | €43,133 | = | 0.0% |
| Amounts payable within one year | 42/48 | €98,804 | €63,017 | -€35,787 | -36.2% |
| Trade debts | 44 | €64,069 | €34,664 | -€29,405 | -45.9% |
| Suppliers | 440/4 | €64,069 | €34,664 | -€29,405 | -45.9% |
| Taxes, remuneration and social security | 45 | €34,734 | €28,353 | -€6,382 | -18.4% |
| Taxes | 450/3 | €34,734 | €28,353 | -€6,382 | -18.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,284 | €145,409 | +€1,125 | +0.8% |
| Other operating charges | 640/8 | €99,029 | €98,331 | -€698 | -0.7% |
| Gross operating margin | 9900 | €509,591 | €534,481 | +€24,890 | +4.9% |
| Operating profit (loss) | 9901 | €266,279 | €290,742 | +€24,463 | +9.2% |
| Financial charges | 65/66B | €449 | €939 | +€490 | +109% |
| Recurring financial charges | 65 | €449 | €939 | +€490 | +109% |
| Profit (loss) for the period before taxes | 9903 | €265,830 | €289,803 | +€23,973 | +9.0% |
| Income taxes | 67/77 | €66,457 | €73,353 | +€6,895 | +10.4% |
| Profit (loss) for the period | 9904 | €199,372 | €216,450 | +€17,078 | +8.6% |
| Transfer to tax-exempt reserves | 689 | - | €105,250 | +€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €199,372 | €111,200 | -€88,172 | -44.2% |
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 29 October 2026 via checked.be.