VIGORI ENGINEERING: 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.
VIGORI ENGINEERING
Largest movements
- Tangible fixed assets -€6,350
down €6,350 (-18.4%), from €34,598 to €28,248
of which Furniture and vehicles: -€6,272
- Receivables within one year -€4,820
down €4,820 (-27.0%), from €17,873 to €13,053
of which Trade receivables: -€4,620
- Cash -€1,233
down €1,233 (-2.0%), from €60,868 to €59,635
mainly Contributions, distributions and other (-€40,000) and Other debts (-€18,884)
- Other debts -€18,884
down €18,884 (-28.3%), from €66,666 to €47,781
- Profit (loss) carried forward +€3,625
up €3,625 (+11.9%), from €30,445 to €34,070
- Tax, wage and social debts +€2,544
up €2,544 (+21.3%), from €11,937 to €14,481
- Gross operating margin +€16,582
up €16,582 (+35.1%), from €47,263 to €63,845
- Other operating charges -€7,411
down €7,411 (-91.5%), from €8,103 to €693
- Taxes +€4,808
up €4,808 (+70.9%), from €6,784 to €11,593
- Depreciation +€3,926
up €3,926 (+89.3%), from €4,398 to €8,324
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 | €116,289 | €104,096 | -€12,194 | -10.5% |
| Fixed assets | 21/28 | €34,598 | €28,248 | -€6,350 | -18.4% |
| Tangible fixed assets | 22/27 | €34,598 | €28,248 | -€6,350 | -18.4% |
| Plant, machinery and equipment | 23 | €78 | - | -€78 | |
| Furniture and vehicles | 24 | €34,520 | €28,248 | -€6,272 | -18.2% |
| Current assets | 29/58 | €81,692 | €75,848 | -€5,844 | -7.2% |
| Amounts receivable within one year | 40/41 | €17,873 | €13,053 | -€4,820 | -27.0% |
| Trade receivables | 40 | €14,923 | €10,303 | -€4,620 | -31.0% |
| Other amounts receivable | 41 | €2,950 | €2,750 | -€200 | -6.8% |
| Cash at bank and in hand | 54/58 | €60,868 | €59,635 | -€1,233 | -2.0% |
| Deferred charges and accrued income | 490/1 | €2,951 | €3,160 | +€209 | +7.1% |
| Total equity and liabilities | 10/49 | €116,289 | €104,096 | -€12,194 | -10.5% |
| Equity | 10/15 | €35,445 | €39,070 | +€3,625 | +10.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,445 | €34,070 | +€3,625 | +11.9% |
| Amounts payable | 17/49 | €80,844 | €65,026 | -€15,819 | -19.6% |
| Amounts payable within one year | 42/48 | €80,844 | €65,026 | -€15,819 | -19.6% |
| Trade debts | 44 | €2,241 | €2,763 | +€522 | +23.3% |
| Suppliers | 440/4 | €2,241 | €2,763 | +€522 | +23.3% |
| Taxes, remuneration and social security | 45 | €11,937 | €14,481 | +€2,544 | +21.3% |
| Taxes | 450/3 | €11,937 | €14,481 | +€2,544 | +21.3% |
| Other amounts payable | 47/48 | €66,666 | €47,781 | -€18,884 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,398 | €8,324 | +€3,926 | +89.3% |
| Other operating charges | 640/8 | €8,103 | €693 | -€7,411 | -91.5% |
| Gross operating margin | 9900 | €47,263 | €63,845 | +€16,582 | +35.1% |
| Operating profit (loss) | 9901 | €34,762 | €54,828 | +€20,066 | +57.7% |
| Financial income | 75/76B | €643 | €677 | +€34 | +5.3% |
| Recurring financial income | 75 | €643 | €677 | +€34 | +5.3% |
| Financial charges | 65/66B | €228 | €287 | +€59 | +25.8% |
| Recurring financial charges | 65 | €228 | €287 | +€59 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €35,176 | €55,218 | +€20,041 | +57.0% |
| Income taxes | 67/77 | €6,784 | €11,593 | +€4,808 | +70.9% |
| Profit (loss) for the period | 9904 | €28,392 | €43,625 | +€15,233 | +53.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,392 | €43,625 | +€15,233 | +53.7% |
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 10 October 2026 via checked.be.