Vigoris: what changed
Vigoris
Largest movements
- Financial fixed assets +€317,700
up €317,700 (+253%), from €125,812 to €443,512
- Receivables within one year -€99,429
down €99,429 (-90.5%), from €109,837 to €10,408
of which Other amounts receivable: -€57,390
- Current investments +€17,707
new in 2025: €17,707
- Cash -€16,001
down €16,001 (-30.4%), from €52,659 to €36,658
mainly Investment in fixed assets (net) (-€319,125) and Contributions, distributions and other (-€147,994)
- Other debts +€190,331
up €190,331 (+296%), from €64,263 to €254,594
- Debts after one year +€87,060
up €87,060 (+257%), from €33,813 to €120,873
- Reserves -€85,351
down €85,351 (-57.7%), from €147,994 to €62,642
- Current portion of long-term debt +€28,856
up €28,856 (+144%), from €20,056 to €48,912
- Financial charges +€8,907
up €8,907 (+227%), from €3,930 to €12,836
- Gross operating margin +€7,986
up €7,986 (+8.7%), from €91,964 to €99,950
- Financial income -€2,545
down €2,545 (-80.2%), from €3,174 to €628
- Other operating charges +€1,549
up €1,549 (+1,103%), from €141 to €1,690
- Depreciation -€1,405
down €1,405 (-68.2%), from €2,061 to €656
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €294,607 | €514,865 | +€220,257 | +74.8% |
| Fixed assets | 21/28 | €129,307 | €447,776 | +€318,469 | +246% |
| Tangible fixed assets | 22/27 | €3,495 | €4,264 | +€769 | +22.0% |
| Plant, machinery and equipment | 23 | €3,495 | €4,264 | +€769 | +22.0% |
| Financial fixed assets | 28 | €125,812 | €443,512 | +€317,700 | +253% |
| Current assets | 29/58 | €165,301 | €67,089 | -€98,212 | -59.4% |
| Amounts receivable within one year | 40/41 | €109,837 | €10,408 | -€99,429 | -90.5% |
| Trade receivables | 40 | €46,879 | €4,840 | -€42,039 | -89.7% |
| Other amounts receivable | 41 | €62,958 | €5,568 | -€57,390 | -91.2% |
| Current investments | 50/53 | - | €17,707 | +€17,707 | |
| Cash at bank and in hand | 54/58 | €52,659 | €36,658 | -€16,001 | -30.4% |
| Deferred charges and accrued income | 490/1 | €2,804 | €2,315 | -€489 | -17.4% |
| Total equity and liabilities | 10/49 | €294,607 | €514,865 | +€220,257 | +74.8% |
| Equity | 10/15 | €166,594 | €81,242 | -€85,351 | -51.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €147,994 | €62,642 | -€85,351 | -57.7% |
| Distributable reserves | 133 | €147,994 | €62,642 | -€85,351 | -57.7% |
| Amounts payable | 17/49 | €128,014 | €433,622 | +€305,609 | +239% |
| Amounts payable after more than one year | 17 | €33,813 | €120,873 | +€87,060 | +257% |
| Financial debts | 170/4 | €33,813 | €120,873 | +€87,060 | +257% |
| Amounts payable within one year | 42/48 | €91,306 | €307,511 | +€216,205 | +237% |
| Current portion of amounts payable after more than one year | 42 | €20,056 | €48,912 | +€28,856 | +144% |
| Trade debts | 44 | €1,446 | €1,705 | +€259 | +17.9% |
| Suppliers | 440/4 | €1,446 | €1,705 | +€259 | +17.9% |
| Taxes, remuneration and social security | 45 | €5,541 | €2,299 | -€3,242 | -58.5% |
| Taxes | 450/3 | €5,541 | €2,299 | -€3,242 | -58.5% |
| Other amounts payable | 47/48 | €64,263 | €254,594 | +€190,331 | +296% |
| Accrued charges and deferred income | 492/3 | €2,895 | €5,239 | +€2,344 | +81.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,061 | €656 | -€1,405 | -68.2% |
| Other operating charges | 640/8 | €141 | €1,690 | +€1,549 | +1,103% |
| Gross operating margin | 9900 | €91,964 | €99,950 | +€7,986 | +8.7% |
| Operating profit (loss) | 9901 | €89,762 | €97,604 | +€7,842 | +8.7% |
| Financial income | 75/76B | €3,174 | €628 | -€2,545 | -80.2% |
| Recurring financial income | 75 | €3,174 | €628 | -€2,545 | -80.2% |
| Financial charges | 65/66B | €3,930 | €12,836 | +€8,907 | +227% |
| Recurring financial charges | 65 | €3,930 | €12,836 | +€8,907 | +227% |
| Profit (loss) for the period before taxes | 9903 | €89,006 | €85,396 | -€3,610 | -4.1% |
| Income taxes | 67/77 | €23,482 | €22,754 | -€728 | -3.1% |
| Profit (loss) for the period | 9904 | €65,524 | €62,642 | -€2,882 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €65,524 | €62,642 | -€2,882 | -4.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.