VIGOUROUX: 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.
VIGOUROUX
Largest movements
- Receivables within one year -€33,413
down €33,413 (-19.6%), from €170,480 to €137,066
of which Other amounts receivable: -€47,221
- Cash -€20,897
down €20,897 (-66.5%), from €31,406 to €10,509
mainly Contributions, distributions and other (-€44,242) and Other debts (-€27,549)
- Other debts -€27,549
down €27,549 (-68.9%), from €40,000 to €12,451
- Reserves -€16,509
down €16,509 (-11.6%), from €142,250 to €125,741
- Trade debts -€9,311
down €9,311 (-28.9%), from €32,271 to €22,960
- Other operating charges +€7,542
up €7,542 (+266.4%), from €2,832 to €10,374
- Taxes -€2,785
down €2,785 (-21.0%), from €13,260 to €10,475
- Financial income -€1,274
down €1,274 (-99.6%), from €1,280 to €5
- Gross operating margin +€822
up €822 (+1.6%), from €52,687 to €53,509
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 | €227,738 | €173,552 | -€54,186 | -23.8% |
| Fixed assets | 21/28 | €18,195 | €16,354 | -€1,842 | -10.1% |
| Tangible fixed assets | 22/27 | €18,195 | €16,354 | -€1,842 | -10.1% |
| Plant, machinery and equipment | 23 | €791 | €1,800 | +€1,009 | +127.6% |
| Furniture and vehicles | 24 | €1,747 | €1,133 | -€614 | -35.1% |
| Other tangible fixed assets | 26 | €15,657 | €13,421 | -€2,237 | -14.3% |
| Current assets | 29/58 | €209,543 | €157,198 | -€52,344 | -25.0% |
| Amounts receivable within one year | 40/41 | €170,480 | €137,066 | -€33,413 | -19.6% |
| Trade receivables | 40 | €111,618 | €125,425 | +€13,808 | +12.4% |
| Other amounts receivable | 41 | €58,862 | €11,641 | -€47,221 | -80.2% |
| Cash at bank and in hand | 54/58 | €31,406 | €10,509 | -€20,897 | -66.5% |
| Deferred charges and accrued income | 490/1 | €7,657 | €9,622 | +€1,966 | +25.7% |
| Total equity and liabilities | 10/49 | €227,738 | €173,552 | -€54,186 | -23.8% |
| Equity | 10/15 | €148,650 | €132,141 | -€16,509 | -11.1% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €142,250 | €125,741 | -€16,509 | -11.6% |
| Distributable reserves | 133 | €142,250 | €125,741 | -€16,509 | -11.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €6,000 | €6,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,000 | €6,000 | = | 0.0% |
| Environmental obligations | 163 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable | 17/49 | €73,087 | €35,410 | -€37,677 | -51.6% |
| Amounts payable within one year | 42/48 | €73,087 | €35,410 | -€37,677 | -51.6% |
| Trade debts | 44 | €32,271 | €22,960 | -€9,311 | -28.9% |
| Suppliers | 440/4 | €32,271 | €22,960 | -€9,311 | -28.9% |
| Taxes, remuneration and social security | 45 | €817 | €0 | -€817 | -100.0% |
| Taxes | 450/3 | €817 | €0 | -€817 | -100.0% |
| Other amounts payable | 47/48 | €40,000 | €12,451 | -€27,549 | -68.9% |
| Non-recurring operating income | 76A | - | €7,740 | +€7,740 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,143 | €3,242 | +€99 | +3.1% |
| Other operating charges | 640/8 | €2,832 | €10,374 | +€7,542 | +266.4% |
| Gross operating margin | 9900 | €52,687 | €53,509 | +€822 | +1.6% |
| Operating profit (loss) | 9901 | €46,712 | €39,894 | -€6,819 | -14.6% |
| Financial income | 75/76B | €1,280 | €5 | -€1,274 | -99.6% |
| Recurring financial income | 75 | €1,280 | €5 | -€1,274 | -99.6% |
| Financial charges | 65/66B | €2,012 | €1,690 | -€321 | -16.0% |
| Recurring financial charges | 65 | €2,012 | €1,690 | -€321 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €45,980 | €38,209 | -€7,772 | -16.9% |
| Income taxes | 67/77 | €13,260 | €10,475 | -€2,785 | -21.0% |
| Profit (loss) for the period | 9904 | €32,720 | €27,733 | -€4,987 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,720 | €27,733 | -€4,987 | -15.2% |
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 9 October 2026 via checked.be.