Vignero-Projects: 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.
Vignero-Projects
Largest movements
- Receivables within one year +€98,538
up €98,538 (+37.4%), from €263,511 to €362,049
of which Other amounts receivable: +€65,573
- Stocks and contracts +€62,827
up €62,827 (+223.1%), from €28,160 to €90,987
- Tangible fixed assets -€44,120
down €44,120 (-23.4%), from €188,483 to €144,363
of which Furniture and vehicles: -€40,786
- Cash -€11,234
down €11,234 (-95.1%), from €11,818 to €585
mainly Trade debts (-€170,198) and Receivables within one year (-€98,538)
- Trade debts -€170,198
down €170,198 (-75.6%), from €225,254 to €55,056
- Debts after one year +€149,741
up €149,741 (+99.8%), from €150,000 to €299,741
- Other debts +€91,940
up €91,940 (+129.2%), from €71,187 to €163,127
- Current portion of long-term debt +€24,226
up €24,226 (+568.8%), from €4,259 to €28,485
- Reserves +€8,692
up €8,692 (+32.1%), from €27,091 to €35,783
of which Distributable reserves: +€8,692
- Gross operating margin +€32,369
up €32,369 (+75.9%), from €42,648 to €75,017
- Depreciation +€25,767
up €25,767 (+140.4%), from €18,353 to €44,120
- Staff costs -€2,700
no longer reported in 2025 (was €2,700)
- Taxes +€1,582
up €1,582 (+30.1%), from €5,266 to €6,848
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 | €491,972 | €597,983 | +€106,011 | +21.5% |
| Fixed assets | 21/28 | €188,483 | €144,363 | -€44,120 | -23.4% |
| Tangible fixed assets | 22/27 | €188,483 | €144,363 | -€44,120 | -23.4% |
| Land and buildings | 22 | €3,835 | €924 | -€2,911 | -75.9% |
| Plant, machinery and equipment | 23 | €3,781 | €3,358 | -€423 | -11.2% |
| Furniture and vehicles | 24 | €180,867 | €140,081 | -€40,786 | -22.6% |
| Current assets | 29/58 | €303,489 | €453,620 | +€150,131 | +49.5% |
| Stocks and contracts in progress | 3 | €28,160 | €90,987 | +€62,827 | +223.1% |
| Stocks | 30/36 | €28,160 | €90,987 | +€62,827 | +223.1% |
| Amounts receivable within one year | 40/41 | €263,511 | €362,049 | +€98,538 | +37.4% |
| Trade receivables | 40 | €8,335 | €41,300 | +€32,965 | +395.5% |
| Other amounts receivable | 41 | €255,176 | €320,749 | +€65,573 | +25.7% |
| Cash at bank and in hand | 54/58 | €11,818 | €585 | -€11,234 | -95.1% |
| Total equity and liabilities | 10/49 | €491,972 | €597,983 | +€106,011 | +21.5% |
| Equity | 10/15 | €35,418 | €44,109 | +€8,692 | +24.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,091 | €35,783 | +€8,692 | +32.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,231 | €33,923 | +€8,692 | +34.4% |
| Profit (loss) carried forward | 14 | €2,127 | €2,127 | = | 0.0% |
| Amounts payable | 17/49 | €456,554 | €553,874 | +€97,320 | +21.3% |
| Amounts payable after more than one year | 17 | €150,000 | €299,741 | +€149,741 | +99.8% |
| Financial debts | 170/4 | €150,000 | €299,741 | +€149,741 | +99.8% |
| Amounts payable within one year | 42/48 | €306,554 | €254,132 | -€52,422 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €4,259 | €28,485 | +€24,226 | +568.8% |
| Trade debts | 44 | €225,254 | €55,056 | -€170,198 | -75.6% |
| Suppliers | 440/4 | €225,254 | €55,056 | -€170,198 | -75.6% |
| Taxes, remuneration and social security | 45 | €5,853 | €7,463 | +€1,610 | +27.5% |
| Taxes | 450/3 | €5,266 | €6,876 | +€1,610 | +30.6% |
| Remuneration and social security | 454/9 | €588 | €588 | = | 0.0% |
| Other amounts payable | 47/48 | €71,187 | €163,127 | +€91,940 | +129.2% |
| Remuneration, social security and pensions | 62 | €2,700 | - | -€2,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,353 | €44,120 | +€25,767 | +140.4% |
| Other operating charges | 640/8 | €3,200 | €3,260 | +€60 | +1.9% |
| Gross operating margin | 9900 | €42,648 | €75,017 | +€32,369 | +75.9% |
| Operating profit (loss) | 9901 | €18,395 | €27,637 | +€9,242 | +50.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -7.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -7.5% |
| Financial charges | 65/66B | €12,745 | €12,098 | -€647 | -5.1% |
| Recurring financial charges | 65 | €12,745 | €12,098 | -€647 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €5,651 | €15,540 | +€9,889 | +175.0% |
| Income taxes | 67/77 | €5,266 | €6,848 | +€1,582 | +30.1% |
| Profit (loss) for the period | 9904 | €385 | €8,692 | +€8,307 | +2159.0% |
| Profit (loss) for the period to be appropriated | 9905 | €385 | €8,692 | +€8,307 | +2159.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.