VIGORA: 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.
VIGORA
Largest movements
- Cash +€44,885
up €44,885 (+13.7%), from €328,219 to €373,104
mainly Net result for the year (+€300,411) and Other debts (+€90,836)
- Receivables within one year +€33,739
up €33,739 (+17.1%), from €197,799 to €231,538
- Tangible fixed assets +€14,864
up €14,864 (+8.8%), from €169,653 to €184,517
of which Plant, machinery and equipment: +€12,762
- Other debts +€90,836
up €90,836 (+81.3%), from €111,760 to €202,596
- Tax, wage and social debts +€75,858
up €75,858 (+93.6%), from €81,003 to €156,861
- Trade debts -€71,377
down €71,377 (-24.1%), from €296,338 to €224,961
- Profit (loss) carried forward +€14,697
up €14,697 (+41.5%), from €35,382 to €50,079
- Debts after one year -€14,547
down €14,547 (-11.7%), from €124,531 to €109,984
- Gross operating margin +€124,662
up €124,662 (+21.2%), from €587,939 to €712,601
- Other operating charges -€22,227
down €22,227 (-93.3%), from €23,835 to €1,608
- Taxes -€13,934
down €13,934 (-11.3%), from €123,490 to €109,556
- Staff costs +€9,435
up €9,435 (+3.5%), from €269,451 to €278,886
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 | €701,085 | €796,968 | +€95,883 | +13.7% |
| Fixed assets | 21/28 | €169,903 | €184,767 | +€14,864 | +8.7% |
| Tangible fixed assets | 22/27 | €169,653 | €184,517 | +€14,864 | +8.8% |
| Land and buildings | 22 | €158,421 | €153,127 | -€5,294 | -3.3% |
| Plant, machinery and equipment | 23 | - | €12,762 | +€12,762 | |
| Furniture and vehicles | 24 | €11,232 | €18,628 | +€7,396 | +65.8% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €531,182 | €612,201 | +€81,019 | +15.3% |
| Amounts receivable within one year | 40/41 | €197,799 | €231,538 | +€33,739 | +17.1% |
| Trade receivables | 40 | €197,799 | €231,538 | +€33,739 | +17.1% |
| Current investments | 50/53 | €52 | €28 | -€24 | -46.2% |
| Cash at bank and in hand | 54/58 | €328,219 | €373,104 | +€44,885 | +13.7% |
| Deferred charges and accrued income | 490/1 | €5,112 | €7,531 | +€2,419 | +47.3% |
| Total equity and liabilities | 10/49 | €701,085 | €796,968 | +€95,883 | +13.7% |
| Equity | 10/15 | €49,642 | €64,339 | +€14,697 | +29.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,382 | €50,079 | +€14,697 | +41.5% |
| Amounts payable | 17/49 | €651,443 | €732,629 | +€81,186 | +12.5% |
| Amounts payable after more than one year | 17 | €124,531 | €109,984 | -€14,547 | -11.7% |
| Financial debts | 170/4 | €124,531 | €109,984 | -€14,547 | -11.7% |
| Amounts payable within one year | 42/48 | €526,912 | €622,645 | +€95,733 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €37,811 | €38,227 | +€416 | +1.1% |
| Trade debts | 44 | €296,338 | €224,961 | -€71,377 | -24.1% |
| Suppliers | 440/4 | €296,338 | €224,961 | -€71,377 | -24.1% |
| Taxes, remuneration and social security | 45 | €81,003 | €156,861 | +€75,858 | +93.6% |
| Taxes | 450/3 | €81,003 | €156,861 | +€75,858 | +93.6% |
| Other amounts payable | 47/48 | €111,760 | €202,596 | +€90,836 | +81.3% |
| Remuneration, social security and pensions | 62 | €269,451 | €278,886 | +€9,435 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,330 | €12,160 | +€2,830 | +30.3% |
| Other operating charges | 640/8 | €23,835 | €1,608 | -€22,227 | -93.3% |
| Gross operating margin | 9900 | €587,939 | €712,601 | +€124,662 | +21.2% |
| Operating profit (loss) | 9901 | €285,323 | €419,947 | +€134,624 | +47.2% |
| Financial income | 75/76B | €1,161 | €9 | -€1,152 | -99.2% |
| Recurring financial income | 75 | €1,161 | €9 | -€1,152 | -99.2% |
| Financial charges | 65/66B | €5,996 | €9,989 | +€3,993 | +66.6% |
| Recurring financial charges | 65 | €5,996 | €9,989 | +€3,993 | +66.6% |
| Profit (loss) for the period before taxes | 9903 | €280,488 | €409,967 | +€129,479 | +46.2% |
| Income taxes | 67/77 | €123,490 | €109,556 | -€13,934 | -11.3% |
| Profit (loss) for the period | 9904 | €156,998 | €300,411 | +€143,413 | +91.3% |
| Profit (loss) for the period to be appropriated | 9905 | €156,998 | €300,411 | +€143,413 | +91.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.