VIGORUP: 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.
What changed
VIGORUP
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€31,173
2024 · -€533+€31,706
Equity
€495,960
2024 · €464,787+€31,173
Cash
€76,808
2024 · €71,865+€4,943
Balance sheet total
€547,432
2024 · €521,486+€25,946
Largest movements
Assets
- Receivables within one year +€16,402
up €16,402 (+142.0%), from €11,550 to €27,952
of which Other amounts receivable: +€16,402
Equity and liabilities
- Profit (loss) carried forward +€39,017
up €39,017, from -€7,894 to €31,123
- Reserves -€7,844
down €7,844 (-1.9%), from €410,704 to €402,859
of which Tax-exempt reserves: -€7,844
Income statement
- Gross operating margin +€42,589
up €42,589 (+182.0%), from €23,401 to €65,990
- Taxes +€11,169
new in 2025: €11,169
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.
Result 2024
-€533
Gross operating margin
+€42,589
Other operating charges
-€173
Financial charges
+€459
Taxes
-€11,169
Result 2025
€31,173
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.
From operations
+€29,384
Investment
-€24,441
Financing
€0
Cash 2024
€71,865
From operations (derived)
+€29,384
Net result for the year
+€31,173
Depreciation
+€19,492
Receivables within one year
-€16,402
Deferred charges and accrued income
+€347
Provisions
-€2,615
Trade debts
-€1,212
Accrued charges and deferred income
-€1,400
Investment (derived)
-€24,441
Investment in fixed assets (net)
-€24,441
Cash 2025
€76,808
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €521,486 | €547,432 | +€25,946 | +5.0% |
| Fixed assets | 21/28 | €437,654 | €442,603 | +€4,949 | +1.1% |
| Tangible fixed assets | 22/27 | €434,184 | €439,133 | +€4,949 | +1.1% |
| Land and buildings | 22 | €432,551 | €409,636 | -€22,915 | -5.3% |
| Plant, machinery and equipment | 23 | €1,633 | €0 | -€1,633 | -100.0% |
| Assets under construction and advance payments | 27 | - | €29,497 | +€29,497 | |
| Financial fixed assets | 28 | €3,471 | €3,471 | = | 0.0% |
| Current assets | 29/58 | €83,832 | €104,829 | +€20,997 | +25.0% |
| Amounts receivable within one year | 40/41 | €11,550 | €27,952 | +€16,402 | +142.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €11,550 | €27,952 | +€16,402 | +142.0% |
| Cash at bank and in hand | 54/58 | €71,865 | €76,808 | +€4,943 | +6.9% |
| Deferred charges and accrued income | 490/1 | €417 | €69 | -€347 | -83.4% |
| Total equity and liabilities | 10/49 | €521,486 | €547,432 | +€25,946 | +5.0% |
| Equity | 10/15 | €464,787 | €495,960 | +€31,173 | +6.7% |
| Contributions | 10/11 | €61,978 | €61,978 | = | 0.0% |
| Capital | 10 | €61,978 | €61,978 | = | 0.0% |
| Issued capital | 100 | €61,978 | €61,978 | = | 0.0% |
| Reserves | 13 | €410,704 | €402,859 | -€7,844 | -1.9% |
| Non-distributable reserves | 130/1 | €6,198 | €6,198 | = | 0.0% |
| Legal reserve | 130 | €6,198 | €6,198 | = | 0.0% |
| Tax-exempt reserves | 132 | €149,040 | €141,196 | -€7,844 | -5.3% |
| Distributable reserves | 133 | €255,466 | €255,466 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,894 | €31,123 | +€39,017 | |
| Provisions and deferred taxes | 16 | €49,680 | €47,065 | -€2,615 | -5.3% |
| Deferred taxes | 168 | €49,680 | €47,065 | -€2,615 | -5.3% |
| Amounts payable | 17/49 | €7,018 | €4,407 | -€2,612 | -37.2% |
| Amounts payable after more than one year | 17 | €3,672 | €3,672 | = | 0.0% |
| Other amounts payable | 178/9 | €3,672 | €3,672 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,946 | €735 | -€1,212 | -62.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,946 | €735 | -€1,212 | -62.3% |
| Suppliers | 440/4 | €1,946 | €735 | -€1,212 | -62.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,400 | €0 | -€1,400 | -100.0% |
| Non-recurring operating income | 76A | - | €30,674 | +€30,674 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,492 | €19,492 | = | 0.0% |
| Other operating charges | 640/8 | €6,553 | €6,726 | +€173 | +2.6% |
| Gross operating margin | 9900 | €23,401 | €65,990 | +€42,589 | +182.0% |
| Operating profit (loss) | 9901 | -€2,644 | €39,772 | +€42,416 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €504 | €45 | -€459 | -91.1% |
| Recurring financial charges | 65 | €504 | €45 | -€459 | -91.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,148 | €39,727 | +€42,875 | |
| Transfer from deferred taxes | 780 | €2,615 | €2,615 | = | 0.0% |
| Income taxes | 67/77 | - | €11,169 | +€11,169 | |
| Profit (loss) for the period | 9904 | -€533 | €31,173 | +€31,706 | |
| Transfer from tax-exempt reserves | 789 | €7,844 | €7,844 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,311 | €39,017 | +€31,706 | +433.7% |
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 9 October 2026 via checked.be.