VYGEN SOLUTIONS: 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.
VYGEN SOLUTIONS
Largest movements
- Receivables within one year +€11,902
new in 2025: €11,902
- Current investments +€10,310
up €10,310 (+9.3%), from €110,788 to €121,098
- Tangible fixed assets -€8,320
down €8,320 (-4.4%), from €187,949 to €179,629
of which Land and buildings: -€7,445
- Tax, wage and social debts +€18,305
up €18,305 (+97.1%), from €18,845 to €37,150
- Current portion of long-term debt -€14,635
no longer reported in 2025 (was €14,635)
- Reserves +€4,992
up €4,992 (+2.9%), from €173,637 to €178,630
of which Distributable reserves: +€4,992
- Gross operating margin -€55,515
down €55,515 (-41.8%), from €132,701 to €77,187
- Depreciation -€12,864
down €12,864 (-60.7%), from €21,184 to €8,320
- Taxes +€2,407
up €2,407 (+9.7%), from €24,866 to €27,273
- Other operating charges -€2,135
down €2,135 (-52.6%), from €4,057 to €1,922
- Financial income +€2,057
up €2,057 (+6837.0%), from €30 to €2,087
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 | €319,459 | €330,975 | +€11,517 | +3.6% |
| Fixed assets | 21/28 | €187,949 | €179,629 | -€8,320 | -4.4% |
| Tangible fixed assets | 22/27 | €187,949 | €179,629 | -€8,320 | -4.4% |
| Land and buildings | 22 | €182,741 | €175,296 | -€7,445 | -4.1% |
| Plant, machinery and equipment | 23 | €5,209 | €4,334 | -€875 | -16.8% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €131,509 | €151,346 | +€19,837 | +15.1% |
| Amounts receivable within one year | 40/41 | - | €11,902 | +€11,902 | |
| Trade receivables | 40 | - | €11,902 | +€11,902 | |
| Current investments | 50/53 | €110,788 | €121,098 | +€10,310 | +9.3% |
| Cash at bank and in hand | 54/58 | €20,696 | €17,710 | -€2,985 | -14.4% |
| Deferred charges and accrued income | 490/1 | €26 | €635 | +€610 | +2374.0% |
| Total equity and liabilities | 10/49 | €319,459 | €330,975 | +€11,517 | +3.6% |
| Equity | 10/15 | €284,133 | €289,126 | +€4,992 | +1.8% |
| Contributions | 10/11 | €70,550 | €70,550 | = | 0.0% |
| Reserves | 13 | €173,637 | €178,630 | +€4,992 | +2.9% |
| Non-distributable reserves | 130/1 | €8,295 | €8,295 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,295 | €8,295 | = | 0.0% |
| Distributable reserves | 133 | €165,342 | €170,335 | +€4,992 | +3.0% |
| Profit (loss) carried forward | 14 | €39,946 | €39,946 | = | 0.0% |
| Amounts payable | 17/49 | €35,325 | €41,850 | +€6,525 | +18.5% |
| Amounts payable within one year | 42/48 | €35,325 | €40,012 | +€4,687 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €14,635 | - | -€14,635 | |
| Trade debts | 44 | €1,026 | €1,156 | +€130 | +12.7% |
| Suppliers | 440/4 | €1,026 | €1,156 | +€130 | +12.7% |
| Taxes, remuneration and social security | 45 | €18,845 | €37,150 | +€18,305 | +97.1% |
| Taxes | 450/3 | €18,845 | €37,150 | +€18,305 | +97.1% |
| Other amounts payable | 47/48 | €819 | €1,706 | +€887 | +108.3% |
| Accrued charges and deferred income | 492/3 | - | €1,838 | +€1,838 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,184 | €8,320 | -€12,864 | -60.7% |
| Other operating charges | 640/8 | €4,057 | €1,922 | -€2,135 | -52.6% |
| Gross operating margin | 9900 | €132,701 | €77,187 | -€55,515 | -41.8% |
| Operating profit (loss) | 9901 | €107,461 | €66,945 | -€40,516 | -37.7% |
| Financial income | 75/76B | €30 | €2,087 | +€2,057 | +6837.0% |
| Recurring financial income | 75 | €30 | €2,087 | +€2,057 | +6837.0% |
| Financial charges | 65/66B | €1,001 | €235 | -€766 | -76.5% |
| Recurring financial charges | 65 | €1,001 | €235 | -€766 | -76.5% |
| Profit (loss) for the period before taxes | 9903 | €106,490 | €68,797 | -€37,693 | -35.4% |
| Income taxes | 67/77 | €24,866 | €27,273 | +€2,407 | +9.7% |
| Profit (loss) for the period | 9904 | €81,624 | €41,524 | -€40,100 | -49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €81,624 | €41,524 | -€40,100 | -49.1% |
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.