VIGOREUX: 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.
VIGOREUX
Largest movements
- Tangible fixed assets +€42,969
up €42,969 (+1013.3%), from €4,241 to €47,210
of which Other tangible fixed assets: +€36,715
- Receivables within one year +€10,797
up €10,797 (+1116.2%), from €967 to €11,765
of which Trade receivables: +€10,762
- Cash +€6,834
up €6,834 (+1368.1%), from €500 to €7,333
mainly Debts after one year (+€41,800) and Other debts (+€23,714)
- Debts after one year +€41,800
new in 2025: €41,800
- Other debts +€23,714
up €23,714 (+25.1%), from €94,508 to €118,222
- Profit (loss) carried forward -€3,932
down €3,932 (-3.5%), from -€111,932 to -€115,865
- Trade debts +€2,813
up €2,813 (+159.5%), from €1,764 to €4,577
- Accrued charges and deferred income -€2,198
down €2,198 (-96.6%), from €2,276 to €78
- Gross operating margin +€12,544
up €12,544, from -€11,011 to €1,533
- Depreciation +€937
up €937 (+39.7%), from €2,358 to €3,295
- Other operating charges +€477
up €477 (+31.8%), from €1,502 to €1,979
- Financial charges -€225
down €225 (-49.3%), from €458 to €232
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 | €10,302 | €70,902 | +€60,600 | +588.3% |
| Fixed assets | 21/28 | €4,241 | €47,210 | +€42,969 | +1013.3% |
| Tangible fixed assets | 22/27 | €4,241 | €47,210 | +€42,969 | +1013.3% |
| Plant, machinery and equipment | 23 | €2,556 | €1,550 | -€1,006 | -39.4% |
| Furniture and vehicles | 24 | €822 | €8,083 | +€7,260 | +883.0% |
| Other tangible fixed assets | 26 | €862 | €37,578 | +€36,715 | +4257.2% |
| Current assets | 29/58 | €6,061 | €23,692 | +€17,631 | +290.9% |
| Stocks and contracts in progress | 3 | €4,594 | €4,594 | = | 0.0% |
| Stocks | 30/36 | €4,594 | €4,594 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €967 | €11,765 | +€10,797 | +1116.2% |
| Trade receivables | 40 | €967 | €11,730 | +€10,762 | +1112.6% |
| Other amounts receivable | 41 | - | €35 | +€35 | |
| Cash at bank and in hand | 54/58 | €500 | €7,333 | +€6,834 | +1368.1% |
| Total equity and liabilities | 10/49 | €10,302 | €70,902 | +€60,600 | +588.3% |
| Equity | 10/15 | -€90,832 | -€94,765 | -€3,932 | -4.3% |
| Contributions | 10/11 | €21,100 | €21,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,932 | -€115,865 | -€3,932 | -3.5% |
| Amounts payable | 17/49 | €101,134 | €165,667 | +€64,533 | +63.8% |
| Amounts payable after more than one year | 17 | - | €41,800 | +€41,800 | |
| Financial debts | 170/4 | - | €41,800 | +€41,800 | |
| Amounts payable within one year | 42/48 | €98,858 | €123,788 | +€24,930 | +25.2% |
| Trade debts | 44 | €1,764 | €4,577 | +€2,813 | +159.5% |
| Suppliers | 440/4 | €1,764 | €4,577 | +€2,813 | +159.5% |
| Taxes, remuneration and social security | 45 | €2,586 | €990 | -€1,596 | -61.7% |
| Taxes | 450/3 | €1,023 | €218 | -€805 | -78.7% |
| Remuneration and social security | 454/9 | €1,563 | €772 | -€791 | -50.6% |
| Other amounts payable | 47/48 | €94,508 | €118,222 | +€23,714 | +25.1% |
| Accrued charges and deferred income | 492/3 | €2,276 | €78 | -€2,198 | -96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,358 | €3,295 | +€937 | +39.7% |
| Other operating charges | 640/8 | €1,502 | €1,979 | +€477 | +31.8% |
| Gross operating margin | 9900 | -€11,011 | €1,533 | +€12,544 | |
| Operating profit (loss) | 9901 | -€14,871 | -€3,741 | +€11,130 | +74.8% |
| Financial income | 75/76B | €71 | €41 | -€30 | -41.9% |
| Recurring financial income | 75 | €71 | €41 | -€30 | -41.9% |
| Financial charges | 65/66B | €458 | €232 | -€225 | -49.3% |
| Recurring financial charges | 65 | €458 | €232 | -€225 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,258 | -€3,932 | +€11,326 | +74.2% |
| Income taxes | 67/77 | €58 | €0 | -€58 | -100.0% |
| Profit (loss) for the period | 9904 | -€15,316 | -€3,932 | +€11,384 | +74.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,316 | -€3,932 | +€11,384 | +74.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.