Vignee Management: 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.
Vignee Management
Largest movements
- Receivables within one year -€2.0m
down €2.0m (-53.3%), from €3.8m to €1.8m
of which Other amounts receivable: -€2.1m
- Cash +€70,838
up €70,838 (+31.8%), from €222,573 to €293,411
mainly Receivables within one year (+€2.0m) and Depreciation (+€171,666)
- Tangible fixed assets -€49,585
down €49,585 (-9.5%), from €523,813 to €474,228
of which Furniture and vehicles: -€34,521
- Other debts -€2.0m
down €2.0m (-75.6%), from €2.7m to €655,276
- Trade debts -€133,515
down €133,515 (-30.8%), from €433,255 to €299,740
- Accrued charges and deferred income +€73,827
up €73,827 (+61.1%), from €120,845 to €194,672
- Advances received +€65,607
up €65,607 (+57.7%), from €113,784 to €179,391
- Financial income -€154,839
down €154,839 (-80.5%), from €192,327 to €37,488
- Gross operating margin -€135,710
down €135,710 (-7.2%), from €1.9m to €1.8m
- Staff costs -€124,779
down €124,779 (-7.6%), from €1.6m to €1.5m
- Financial charges +€44,974
up €44,974 (+350.5%), from €12,833 to €57,807
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,734,339 | €2,750,266 | -€2.0m | -41.9% |
| Fixed assets | 21/28 | €538,123 | €479,545 | -€58,578 | -10.9% |
| Intangible fixed assets | 21 | €9,935 | €942 | -€8,993 | -90.5% |
| Tangible fixed assets | 22/27 | €523,813 | €474,228 | -€49,585 | -9.5% |
| Land and buildings | 22 | €158,166 | €135,143 | -€23,023 | -14.6% |
| Plant, machinery and equipment | 23 | €120,027 | €98,288 | -€21,740 | -18.1% |
| Furniture and vehicles | 24 | €183,447 | €148,926 | -€34,521 | -18.8% |
| Leasing and similar rights | 25 | €62,172 | €91,871 | +€29,700 | +47.8% |
| Financial fixed assets | 28 | €4,375 | €4,375 | = | 0.0% |
| Current assets | 29/58 | €4,196,216 | €2,270,721 | -€1.9m | -45.9% |
| Stocks and contracts in progress | 3 | €55,067 | €76,354 | +€21,287 | +38.7% |
| Stocks | 30/36 | €55,067 | €76,354 | +€21,287 | +38.7% |
| Amounts receivable within one year | 40/41 | €3,836,052 | €1,791,097 | -€2.0m | -53.3% |
| Trade receivables | 40 | €1,141,652 | €1,161,559 | +€19,907 | +1.7% |
| Other amounts receivable | 41 | €2,694,400 | €629,538 | -€2.1m | -76.6% |
| Cash at bank and in hand | 54/58 | €222,573 | €293,411 | +€70,838 | +31.8% |
| Deferred charges and accrued income | 490/1 | €82,524 | €109,859 | +€27,335 | +33.1% |
| Total equity and liabilities | 10/49 | €4,734,339 | €2,750,266 | -€2.0m | -41.9% |
| Equity | 10/15 | €1,186,050 | €1,220,062 | +€34,012 | +2.9% |
| Contributions | 10/11 | €1,206,200 | €1,206,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,150 | €3,138 | +€23,288 | |
| Investment grants | 15 | - | €10,724 | +€10,724 | |
| Amounts payable | 17/49 | €3,548,289 | €1,530,204 | -€2.0m | -56.9% |
| Amounts payable within one year | 42/48 | €3,427,444 | €1,335,532 | -€2.1m | -61.0% |
| Current portion of amounts payable after more than one year | 42 | - | €14,465 | +€14,465 | |
| Trade debts | 44 | €433,255 | €299,740 | -€133,515 | -30.8% |
| Suppliers | 440/4 | €433,255 | €299,740 | -€133,515 | -30.8% |
| Advances received on contracts in progress | 46 | €113,784 | €179,391 | +€65,607 | +57.7% |
| Taxes, remuneration and social security | 45 | €196,537 | €186,660 | -€9,877 | -5.0% |
| Taxes | 450/3 | €29,987 | €22,978 | -€7,009 | -23.4% |
| Remuneration and social security | 454/9 | €166,550 | €163,682 | -€2,868 | -1.7% |
| Other amounts payable | 47/48 | €2,683,867 | €655,276 | -€2.0m | -75.6% |
| Accrued charges and deferred income | 492/3 | €120,845 | €194,672 | +€73,827 | +61.1% |
| Remuneration, social security and pensions | 62 | €1,644,120 | €1,519,341 | -€124,779 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,140 | €171,666 | +€6,526 | +4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,913 | €0 | -€6,913 | -100.0% |
| Other operating charges | 640/8 | €6,753 | €5,491 | -€1,262 | -18.7% |
| Gross operating margin | 9900 | €1,891,053 | €1,755,343 | -€135,710 | -7.2% |
| Operating profit (loss) | 9901 | €68,126 | €58,845 | -€9,281 | -13.6% |
| Financial income | 75/76B | €192,327 | €37,488 | -€154,839 | -80.5% |
| Recurring financial income | 75 | €192,327 | €37,488 | -€154,839 | -80.5% |
| Financial charges | 65/66B | €12,833 | €57,807 | +€44,974 | +350.5% |
| Recurring financial charges | 65 | €12,833 | €57,807 | +€44,974 | +350.5% |
| Profit (loss) for the period before taxes | 9903 | €247,620 | €38,525 | -€209,094 | -84.4% |
| Income taxes | 67/77 | €12,264 | €15,238 | +€2,974 | +24.2% |
| Profit (loss) for the period | 9904 | €235,356 | €23,288 | -€212,068 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €235,356 | €23,288 | -€212,068 | -90.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.