VYGI: 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.
VYGI
Largest movements
- Tangible fixed assets +€111,718
up €111,718 (+13.2%), from €845,135 to €956,853
of which Land and buildings: +€129,255
- Cash -€40,986
down €40,986 (-14.5%), from €281,869 to €240,884
mainly Investment in fixed assets (net) (-€195,075) and Other debts (-€48,689)
- Reserves +€107,415
up €107,415 (+14.3%), from €751,421 to €858,836
of which Distributable reserves: +€107,415
- Other debts -€48,689
down €48,689 (-19.1%), from €255,356 to €206,668
- Debts after one year -€20,160
down €20,160 (-35.2%), from €57,308 to €37,148
- Tax, wage and social debts +€19,431
up €19,431 (+70.0%), from €27,765 to €47,196
- Accrued charges and deferred income +€12,589
up €12,589 (+522%), from €2,410 to €14,999
- Gross operating margin +€66,545
up €66,545 (+33.4%), from €198,994 to €265,539
- Depreciation +€21,295
up €21,295 (+34.3%), from €62,063 to €83,358
- Financial charges +€11,848
up €11,848 (+197%), from €6,027 to €17,875
- Taxes +€7,795
up €7,795 (+19.3%), from €40,319 to €48,114
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 | €1,179,854 | €1,245,614 | +€65,761 | +5.6% |
| Fixed assets | 21/28 | €845,135 | €956,853 | +€111,718 | +13.2% |
| Tangible fixed assets | 22/27 | €845,135 | €956,853 | +€111,718 | +13.2% |
| Land and buildings | 22 | €814,908 | €944,162 | +€129,255 | +15.9% |
| Plant, machinery and equipment | 23 | €5,318 | €3,696 | -€1,622 | -30.5% |
| Furniture and vehicles | 24 | €24,909 | €8,994 | -€15,915 | -63.9% |
| Current assets | 29/58 | €334,719 | €288,762 | -€45,957 | -13.7% |
| Amounts receivable within one year | 40/41 | €49,221 | €44,838 | -€4,384 | -8.9% |
| Trade receivables | 40 | €42,316 | €43,331 | +€1,015 | +2.4% |
| Other amounts receivable | 41 | €6,905 | €1,506 | -€5,399 | -78.2% |
| Cash at bank and in hand | 54/58 | €281,869 | €240,884 | -€40,986 | -14.5% |
| Deferred charges and accrued income | 490/1 | €3,628 | €3,040 | -€588 | -16.2% |
| Total equity and liabilities | 10/49 | €1,179,854 | €1,245,614 | +€65,761 | +5.6% |
| Equity | 10/15 | €757,621 | €865,036 | +€107,415 | +14.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €751,421 | €858,836 | +€107,415 | +14.3% |
| Tax-exempt reserves | 132 | €18,700 | €18,700 | = | 0.0% |
| Distributable reserves | 133 | €732,721 | €840,136 | +€107,415 | +14.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €51,546 | €51,546 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €51,546 | €51,546 | = | 0.0% |
| Pensions and similar obligations | 160 | €51,546 | €51,546 | = | 0.0% |
| Amounts payable | 17/49 | €370,687 | €329,033 | -€41,654 | -11.2% |
| Amounts payable after more than one year | 17 | €57,308 | €37,148 | -€20,160 | -35.2% |
| Financial debts | 170/4 | €57,308 | €37,148 | -€20,160 | -35.2% |
| Amounts payable within one year | 42/48 | €310,969 | €276,886 | -€34,084 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €19,419 | €20,160 | +€741 | +3.8% |
| Trade debts | 44 | €8,239 | €2,862 | -€5,377 | -65.3% |
| Suppliers | 440/4 | €8,239 | €2,862 | -€5,377 | -65.3% |
| Advances received on contracts in progress | 46 | €190 | €0 | -€190 | -100% |
| Taxes, remuneration and social security | 45 | €27,765 | €47,196 | +€19,431 | +70.0% |
| Taxes | 450/3 | €27,765 | €47,196 | +€19,431 | +70.0% |
| Other amounts payable | 47/48 | €255,356 | €206,668 | -€48,689 | -19.1% |
| Accrued charges and deferred income | 492/3 | €2,410 | €14,999 | +€12,589 | +522% |
| Non-recurring operating income | 76A | - | €11,732 | +€11,732 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,063 | €83,358 | +€21,295 | +34.3% |
| Other operating charges | 640/8 | €11,974 | €11,311 | -€664 | -5.5% |
| Gross operating margin | 9900 | €198,994 | €265,539 | +€66,545 | +33.4% |
| Operating profit (loss) | 9901 | €124,957 | €170,871 | +€45,913 | +36.7% |
| Financial income | 75/76B | €2,316 | €2,533 | +€218 | +9.4% |
| Recurring financial income | 75 | €2,316 | €2,533 | +€218 | +9.4% |
| Financial charges | 65/66B | €6,027 | €17,875 | +€11,848 | +197% |
| Recurring financial charges | 65 | €6,027 | €17,875 | +€11,848 | +197% |
| Profit (loss) for the period before taxes | 9903 | €121,246 | €155,528 | +€34,283 | +28.3% |
| Income taxes | 67/77 | €40,319 | €48,114 | +€7,795 | +19.3% |
| Profit (loss) for the period | 9904 | €80,927 | €107,415 | +€26,488 | +32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €80,927 | €107,415 | +€26,488 | +32.7% |
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 14 October 2026 via checked.be.