VYGON: 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.
What changed
VYGON
NACE 46.460, Wholesale of pharmaceutical and medical goods
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · €1.2m+€787,344
Equity
€11.3m
2024 · €11.3m+€14,476
Cash
€1.4m
2024 · €1.1m+€351,524
Balance sheet total
€14.3m
2024 · €13.5m+€736,911
Largest movements
Assets
- Receivables within one year +€435,731
up €435,731 (+18.0%), from €2.4m to €2.9m
of which Other amounts receivable: +€473,297
- Cash +€351,524
up €351,524 (+32.2%), from €1.1m to €1.4m
mainly Net result for the year (+€1.9m) and Other debts (+€805,000)
Equity and liabilities
- Other debts +€805,000
up €805,000 (+71.2%), from €1.1m to €1.9m
Income statement
- Staff costs -€586,067
down €586,067 (-26.6%), from €2.2m to €1.6m
- Financial income +€493,033
up €493,033 (+49303300.0%), from €1 to €493,034
- Other operating income -€441,268
down €441,268 (-35.0%), from €1.3m to €820,842
- Turnover -€239,256
down €239,256 (-2.7%), from €8.7m to €8.5m
- Services and other goods -€210,572
down €210,572 (-15.6%), from €1.3m to €1.1m
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
€1.2m
Turnover
-€239,256
Other operating income
-€441,268
Goods and materials
+€198,205
Services and other goods
+€210,572
Staff costs
+€586,067
Depreciation
-€2,142
Other operating charges
-€5,431
Other operating items
+€1,397
Financial income
+€493,033
Financial charges
+€1,361
Taxes
-€15,194
Result 2025
€1.9m
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
+€2.3m
Investment
-€23,977
Financing
-€1.9m
Cash 2024
€1.1m
From operations (derived)
+€2.3m
Net result for the year
+€1.9m
Depreciation
+€72,372
Receivables within one year
-€435,731
Deferred charges and accrued income
+€1,949
Trade debts
-€6,353
Tax, wage and social debts
-€66,472
Other debts
+€805,000
Accrued charges and deferred income
-€9,740
Investment (derived)
-€23,977
Investment in fixed assets (net)
-€23,977
Financing
-€1.9m
Contributions, distributions and other
-€1.9m
Cash 2025
€1.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,530,754 | €14,267,665 | +€736,911 | +5.4% |
| Fixed assets | 21/28 | €9,968,631 | €9,920,236 | -€48,395 | -0.5% |
| Tangible fixed assets | 22/27 | €533,976 | €486,491 | -€47,485 | -8.9% |
| Land and buildings | 22 | €424,634 | €405,048 | -€19,586 | -4.6% |
| Furniture and vehicles | 24 | €109,342 | €81,443 | -€27,899 | -25.5% |
| Financial fixed assets | 28 | €9,434,655 | €9,433,745 | -€910 | 0.0% |
| Affiliated companies | 280/1 | €9,430,301 | €9,430,301 | = | 0.0% |
| Participating interests | 280 | €9,430,301 | €9,430,301 | = | 0.0% |
| Other financial fixed assets | 284/8 | €4,354 | €3,444 | -€910 | -20.9% |
| Amounts receivable and cash guarantees | 285/8 | €4,354 | €3,444 | -€910 | -20.9% |
| Current assets | 29/58 | €3,562,123 | €4,347,429 | +€785,306 | +22.0% |
| Amounts receivable within one year | 40/41 | €2,421,372 | €2,857,103 | +€435,731 | +18.0% |
| Trade receivables | 40 | €2,339,118 | €2,301,552 | -€37,566 | -1.6% |
| Other amounts receivable | 41 | €82,254 | €555,551 | +€473,297 | +575.4% |
| Cash at bank and in hand | 54/58 | €1,091,036 | €1,442,560 | +€351,524 | +32.2% |
| Deferred charges and accrued income | 490/1 | €49,715 | €47,766 | -€1,949 | -3.9% |
| Total equity and liabilities | 10/49 | €13,530,754 | €14,267,665 | +€736,911 | +5.4% |
| Equity | 10/15 | €11,331,195 | €11,345,671 | +€14,476 | +0.1% |
| Contributions | 10/11 | €248,000 | €248,000 | = | 0.0% |
| Capital | 10 | €248,000 | €248,000 | = | 0.0% |
| Issued capital | 100 | €248,000 | €248,000 | = | 0.0% |
| Reserves | 13 | €11,083,195 | €11,097,671 | +€14,476 | +0.1% |
| Non-distributable reserves | 130/1 | €24,800 | €24,800 | = | 0.0% |
| Legal reserve | 130 | €24,800 | €24,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,621 | €44,621 | = | 0.0% |
| Distributable reserves | 133 | €11,013,774 | €11,028,250 | +€14,476 | +0.1% |
| Amounts payable | 17/49 | €2,199,559 | €2,921,994 | +€722,435 | +32.8% |
| Amounts payable within one year | 42/48 | €2,133,435 | €2,865,610 | +€732,175 | +34.3% |
| Trade debts | 44 | €579,339 | €572,986 | -€6,353 | -1.1% |
| Suppliers | 440/4 | €579,339 | €572,986 | -€6,353 | -1.1% |
| Taxes, remuneration and social security | 45 | €424,096 | €357,624 | -€66,472 | -15.7% |
| Taxes | 450/3 | €76,045 | €130,773 | +€54,728 | +72.0% |
| Remuneration and social security | 454/9 | €348,051 | €226,851 | -€121,200 | -34.8% |
| Other amounts payable | 47/48 | €1,130,000 | €1,935,000 | +€805,000 | +71.2% |
| Accrued charges and deferred income | 492/3 | €66,124 | €56,384 | -€9,740 | -14.7% |
| Operating income | 70/76A | €10,009,829 | €9,331,834 | -€677,995 | -6.8% |
| Turnover | 70 | €8,738,684 | €8,499,428 | -€239,256 | -2.7% |
| Other operating income | 74 | €1,262,110 | €820,842 | -€441,268 | -35.0% |
| Non-recurring operating income | 76A | €9,035 | €11,564 | +€2,529 | +28.0% |
| Operating charges | 60/66A | €8,380,355 | €7,394,216 | -€986,139 | -11.8% |
| Goods for resale, raw materials and consumables | 60 | €4,693,895 | €4,495,690 | -€198,205 | -4.2% |
| Purchases | 600/8 | €4,693,895 | €4,495,690 | -€198,205 | -4.2% |
| Services and other goods | 61 | €1,349,459 | €1,138,887 | -€210,572 | -15.6% |
| Remuneration, social security and pensions | 62 | €2,201,905 | €1,615,838 | -€586,067 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,230 | €72,372 | +€2,142 | +3.0% |
| Other operating charges | 640/8 | €64,866 | €70,297 | +€5,431 | +8.4% |
| Non-recurring operating charges | 66A | - | €1,132 | +€1,132 | |
| Operating profit (loss) | 9901 | €1,629,474 | €1,937,618 | +€308,144 | +18.9% |
| Financial income | 75/76B | €1 | €493,034 | +€493,033 | +49303300.0% |
| Recurring financial income | 75 | €1 | €493,034 | +€493,033 | +49303300.0% |
| Income from current assets | 751 | €1 | €139 | +€138 | +13800.0% |
| Other financial income | 752/9 | - | €492,895 | +€492,895 | |
| Financial charges | 65/66B | €4,031 | €2,670 | -€1,361 | -33.8% |
| Recurring financial charges | 65 | €4,031 | €2,670 | -€1,361 | -33.8% |
| Other financial charges | 652/9 | €4,031 | €2,670 | -€1,361 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €1,625,444 | €2,427,982 | +€802,538 | +49.4% |
| Income taxes | 67/77 | €463,312 | €478,506 | +€15,194 | +3.3% |
| Taxes | 670/3 | €465,742 | €510,187 | +€44,445 | +9.5% |
| Tax adjustments and reversals of tax provisions | 77 | €2,430 | €31,681 | +€29,251 | +1203.7% |
| Profit (loss) for the period | 9904 | €1,162,132 | €1,949,476 | +€787,344 | +67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,162,132 | €1,949,476 | +€787,344 | +67.7% |
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 9 October 2026 via checked.be.