VIGORIS CONSULTING: 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.
VIGORIS CONSULTING
Largest movements
- Receivables within one year +€27,719
up €27,719 (+23.9%), from €115,845 to €143,564
of which Trade receivables: +€23,528
- Cash +€17,354
up €17,354 (+14.8%), from €117,226 to €134,581
mainly Net result for the year (+€83,997) and Depreciation (+€10,693)
- Current investments +€11,160
up €11,160 (+42.0%), from €26,577 to €37,737
- Tangible fixed assets -€8,541
down €8,541 (-19.5%), from €43,905 to €35,364
of which Other tangible fixed assets: -€5,461
- Deferred charges and accrued income +€8,044
up €8,044 (+88.3%), from €9,107 to €17,151
- Reserves +€83,997
up €83,997 (+67.2%), from €124,931 to €208,928
- Tax, wage and social debts -€17,843
down €17,843 (-21.2%), from €83,998 to €66,155
of which Remuneration and social security: -€9,429
- Trade debts -€6,834
down €6,834 (-26.3%), from €26,004 to €19,170
- Gross operating margin +€83,547
up €83,547 (+34.2%), from €244,144 to €327,691
- Taxes +€34,973
up €34,973 (+420%), from €8,323 to €43,296
- Staff costs -€24,084
down €24,084 (-10.9%), from €221,101 to €197,016
- Financial income +€8,120
up €8,120 (+256%), from €3,167 to €11,287
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.
Derived cash bridge
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 | €312,700 | €368,436 | +€55,737 | +17.8% |
| Fixed assets | 21/28 | €43,945 | €35,404 | -€8,541 | -19.4% |
| Tangible fixed assets | 22/27 | €43,905 | €35,364 | -€8,541 | -19.5% |
| Plant, machinery and equipment | 23 | €20,575 | €18,634 | -€1,941 | -9.4% |
| Furniture and vehicles | 24 | €3,397 | €2,258 | -€1,139 | -33.5% |
| Other tangible fixed assets | 26 | €19,933 | €14,472 | -€5,461 | -27.4% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €268,755 | €333,032 | +€64,278 | +23.9% |
| Amounts receivable within one year | 40/41 | €115,845 | €143,564 | +€27,719 | +23.9% |
| Trade receivables | 40 | €63,662 | €87,189 | +€23,528 | +37.0% |
| Other amounts receivable | 41 | €52,183 | €56,375 | +€4,191 | +8.0% |
| Current investments | 50/53 | €26,577 | €37,737 | +€11,160 | +42.0% |
| Cash at bank and in hand | 54/58 | €117,226 | €134,581 | +€17,354 | +14.8% |
| Deferred charges and accrued income | 490/1 | €9,107 | €17,151 | +€8,044 | +88.3% |
| Total equity and liabilities | 10/49 | €312,700 | €368,436 | +€55,737 | +17.8% |
| Equity | 10/15 | €131,131 | €215,128 | +€83,997 | +64.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €124,931 | €208,928 | +€83,997 | +67.2% |
| Distributable reserves | 133 | €124,931 | €208,928 | +€83,997 | +67.2% |
| Amounts payable | 17/49 | €181,569 | €153,309 | -€28,260 | -15.6% |
| Amounts payable after more than one year | 17 | €14,567 | €11,445 | -€3,122 | -21.4% |
| Financial debts | 170/4 | €14,567 | €11,445 | -€3,122 | -21.4% |
| Amounts payable within one year | 42/48 | €167,002 | €141,863 | -€25,138 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €3,091 | €3,122 | +€31 | +1.0% |
| Trade debts | 44 | €26,004 | €19,170 | -€6,834 | -26.3% |
| Suppliers | 440/4 | €26,004 | €19,170 | -€6,834 | -26.3% |
| Taxes, remuneration and social security | 45 | €83,998 | €66,155 | -€17,843 | -21.2% |
| Taxes | 450/3 | €41,706 | €33,293 | -€8,414 | -20.2% |
| Remuneration and social security | 454/9 | €42,291 | €32,862 | -€9,429 | -22.3% |
| Other amounts payable | 47/48 | €53,910 | €53,416 | -€493 | -0.9% |
| Remuneration, social security and pensions | 62 | €221,101 | €197,016 | -€24,084 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,069 | €10,693 | +€624 | +6.2% |
| Other operating charges | 640/8 | €1,754 | €1,366 | -€388 | -22.1% |
| Gross operating margin | 9900 | €244,144 | €327,691 | +€83,547 | +34.2% |
| Operating profit (loss) | 9901 | €11,221 | €118,616 | +€107,395 | +957% |
| Financial income | 75/76B | €3,167 | €11,287 | +€8,120 | +256% |
| Recurring financial income | 75 | €3,167 | €11,287 | +€8,120 | +256% |
| Financial charges | 65/66B | €4,137 | €2,610 | -€1,527 | -36.9% |
| Recurring financial charges | 65 | €4,137 | €2,610 | -€1,527 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €10,251 | €127,293 | +€117,042 | +1,142% |
| Income taxes | 67/77 | €8,323 | €43,296 | +€34,973 | +420% |
| Profit (loss) for the period | 9904 | €1,928 | €83,997 | +€82,069 | +4,257% |
| Profit (loss) for the period to be appropriated | 9905 | €1,928 | €83,997 | +€82,069 | +4,257% |
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 24 October 2026 via checked.be.