VIGROFIN: 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.
VIGROFIN
Largest movements
- Cash +€39,584
up €39,584 (+109.6%), from €36,109 to €75,693
mainly Depreciation (+€34,072) and Net result for the year (+€30,667)
- Tangible fixed assets -€32,719
down €32,719 (-53.9%), from €60,650 to €27,931
of which Land and buildings: -€23,367
- Receivables within one year -€5,986
down €5,986 (-75.0%), from €7,986 to €2,000
of which Trade receivables: -€5,986
- Reserves +€31,444
up €31,444 (+301.2%), from €10,438 to €41,883
- Debts after one year -€24,535
down €24,535 (-82.4%), from €29,783 to €5,248
of which Financial debts: -€12,358
- Current portion of long-term debt -€12,131
down €12,131 (-33.1%), from €36,666 to €24,535
- Tax, wage and social debts +€8,504
up €8,504 (+132.1%), from €6,437 to €14,941
of which Taxes: +€8,504
- Other debts -€1,583
down €1,583 (-79.2%), from €2,000 to €417
- Purchases and services -€21,671
down €21,671 (-31.1%), from €69,656 to €47,985
- Gross operating margin +€19,176
up €19,176 (+27.7%), from €69,197 to €88,373
- Taxes +€6,985
up €6,985 (+60.6%), from €11,519 to €18,504
- Other operating charges -€3,011
down €3,011 (-45.2%), from €6,661 to €3,651
- Turnover +€1,867
up €1,867 (+1.5%), from €122,490 to €124,358
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 | €104,745 | €105,623 | +€879 | +0.8% |
| Fixed assets | 21/28 | €60,650 | €27,931 | -€32,719 | -53.9% |
| Tangible fixed assets | 22/27 | €60,650 | €27,931 | -€32,719 | -53.9% |
| Land and buildings | 22 | €34,687 | €11,321 | -€23,367 | -67.4% |
| Furniture and vehicles | 24 | €25,963 | €16,610 | -€9,353 | -36.0% |
| Current assets | 29/58 | €44,095 | €77,693 | +€33,598 | +76.2% |
| Amounts receivable within one year | 40/41 | €7,986 | €2,000 | -€5,986 | -75.0% |
| Trade receivables | 40 | €7,986 | €2,000 | -€5,986 | -75.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €36,109 | €75,693 | +€39,584 | +109.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €104,745 | €105,623 | +€879 | +0.8% |
| Equity | 10/15 | €29,816 | €60,483 | +€30,667 | +102.9% |
| Contributions | 10/11 | €19,377 | €18,600 | -€777 | -4.0% |
| Reserves | 13 | €10,438 | €41,883 | +€31,444 | +301.2% |
| Distributable reserves | 133 | €10,438 | €41,883 | +€31,444 | +301.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €74,929 | €45,141 | -€29,788 | -39.8% |
| Amounts payable after more than one year | 17 | €29,783 | €5,248 | -€24,535 | -82.4% |
| Financial debts | 170/4 | €17,605 | €5,248 | -€12,358 | -70.2% |
| Other amounts payable | 178/9 | €12,178 | €0 | -€12,178 | -100.0% |
| Amounts payable within one year | 42/48 | €45,146 | €39,893 | -€5,253 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €36,666 | €24,535 | -€12,131 | -33.1% |
| Trade debts | 44 | €43 | €0 | -€43 | -100.0% |
| Suppliers | 440/4 | €43 | €0 | -€43 | -100.0% |
| Taxes, remuneration and social security | 45 | €6,437 | €14,941 | +€8,504 | +132.1% |
| Taxes | 450/3 | €6,437 | €14,941 | +€8,504 | +132.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,000 | €417 | -€1,583 | -79.2% |
| Turnover | 70 | €122,490 | €124,358 | +€1,867 | +1.5% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €69,656 | €47,985 | -€21,671 | -31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,922 | €34,072 | +€1,150 | +3.5% |
| Other operating charges | 640/8 | €6,661 | €3,651 | -€3,011 | -45.2% |
| Gross operating margin | 9900 | €69,197 | €88,373 | +€19,176 | +27.7% |
| Operating profit (loss) | 9901 | €29,614 | €50,651 | +€21,037 | +71.0% |
| Financial income | 75/76B | €273 | €0 | -€273 | -100.0% |
| Recurring financial income | 75 | €273 | €0 | -€273 | -100.0% |
| Financial charges | 65/66B | €1,491 | €1,480 | -€11 | -0.7% |
| Recurring financial charges | 65 | €1,491 | €1,480 | -€11 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €28,396 | €49,171 | +€20,775 | +73.2% |
| Income taxes | 67/77 | €11,519 | €18,504 | +€6,985 | +60.6% |
| Profit (loss) for the period | 9904 | €16,876 | €30,667 | +€13,790 | +81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,876 | €30,667 | +€13,790 | +81.7% |
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 6 October 2026 via checked.be.