Vignee Management: 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.
Vignee Management
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+63.8%), from €1.8m to €2.9m
of which Other amounts receivable: +€1.2m
- Tangible fixed assets -€109,686
down €109,686 (-23.1%), from €474,228 to €364,541
- Cash -€100,063
down €100,063 (-34.1%), from €293,411 to €193,348
mainly Receivables within one year (-€1.1m) and Investment in fixed assets (net) (-€48,138)
- Other debts +€758,265
up €758,265 (+116%), from €655,276 to €1.4m
- Profit (loss) carried forward +€53,459
up €53,459 (+1,703%), from €3,138 to €56,597
- Accrued charges and deferred income +€44,889
up €44,889 (+23.1%), from €194,672 to €239,562
- Advances received +€38,769
up €38,769 (+21.6%), from €179,391 to €218,160
- Trade debts +€37,210
up €37,210 (+12.4%), from €299,740 to €336,950
- Gross operating margin +€110,172
up €110,172 (+6.3%), from €1.8m to €1.9m
- Other operating charges +€73,354
up €73,354 (+1,336%), from €5,491 to €78,845
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 | €2,750,266 | €3,700,206 | +€949,939 | +34.5% |
| Fixed assets | 21/28 | €479,545 | €366,927 | -€112,618 | -23.5% |
| Intangible fixed assets | 21 | €942 | - | -€942 | |
| Tangible fixed assets | 22/27 | €474,228 | €364,541 | -€109,686 | -23.1% |
| Land and buildings | 22 | €135,143 | €112,120 | -€23,023 | -17.0% |
| Plant, machinery and equipment | 23 | €98,288 | €79,182 | -€19,105 | -19.4% |
| Furniture and vehicles | 24 | €148,926 | €102,948 | -€45,978 | -30.9% |
| Leasing and similar rights | 25 | €91,871 | €70,291 | -€21,580 | -23.5% |
| Financial fixed assets | 28 | €4,375 | €2,386 | -€1,989 | -45.5% |
| Current assets | 29/58 | €2,270,721 | €3,333,278 | +€1.1m | +46.8% |
| Stocks and contracts in progress | 3 | €76,354 | €100,955 | +€24,601 | +32.2% |
| Stocks | 30/36 | €76,354 | €100,955 | +€24,601 | +32.2% |
| Amounts receivable within one year | 40/41 | €1,791,097 | €2,933,002 | +€1.1m | +63.8% |
| Trade receivables | 40 | €1,161,559 | €1,062,946 | -€98,613 | -8.5% |
| Other amounts receivable | 41 | €629,538 | €1,870,056 | +€1.2m | +197% |
| Cash at bank and in hand | 54/58 | €293,411 | €193,348 | -€100,063 | -34.1% |
| Deferred charges and accrued income | 490/1 | €109,859 | €105,974 | -€3,886 | -3.5% |
| Total equity and liabilities | 10/49 | €2,750,266 | €3,700,206 | +€949,939 | +34.5% |
| Equity | 10/15 | €1,220,062 | €1,271,934 | +€51,872 | +4.3% |
| Contributions | 10/11 | €1,206,200 | €1,206,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,138 | €56,597 | +€53,459 | +1,703% |
| Investment grants | 15 | €10,724 | €9,138 | -€1,586 | -14.8% |
| Amounts payable | 17/49 | €1,530,204 | €2,428,271 | +€898,067 | +58.7% |
| Amounts payable within one year | 42/48 | €1,335,532 | €2,188,710 | +€853,178 | +63.9% |
| Current portion of amounts payable after more than one year | 42 | €14,465 | - | -€14,465 | |
| Trade debts | 44 | €299,740 | €336,950 | +€37,210 | +12.4% |
| Suppliers | 440/4 | €299,740 | €336,950 | +€37,210 | +12.4% |
| Advances received on contracts in progress | 46 | €179,391 | €218,160 | +€38,769 | +21.6% |
| Taxes, remuneration and social security | 45 | €186,660 | €220,059 | +€33,400 | +17.9% |
| Taxes | 450/3 | €22,978 | €31,363 | +€8,385 | +36.5% |
| Remuneration and social security | 454/9 | €163,682 | €188,696 | +€25,014 | +15.3% |
| Other amounts payable | 47/48 | €655,276 | €1,413,540 | +€758,265 | +116% |
| Accrued charges and deferred income | 492/3 | €194,672 | €239,562 | +€44,889 | +23.1% |
| Remuneration, social security and pensions | 62 | €1,519,341 | €1,513,788 | -€5,553 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171,666 | €160,756 | -€10,911 | -6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €5,491 | €78,845 | +€73,354 | +1,336% |
| Gross operating margin | 9900 | €1,755,343 | €1,865,515 | +€110,172 | +6.3% |
| Operating profit (loss) | 9901 | €58,845 | €112,126 | +€53,282 | +90.5% |
| Financial income | 75/76B | €37,488 | €19,594 | -€17,895 | -47.7% |
| Recurring financial income | 75 | €37,488 | €19,594 | -€17,895 | -47.7% |
| Financial charges | 65/66B | €57,807 | €54,923 | -€2,884 | -5.0% |
| Recurring financial charges | 65 | €57,807 | €54,923 | -€2,884 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €38,525 | €76,797 | +€38,272 | +99.3% |
| Income taxes | 67/77 | €15,238 | €23,339 | +€8,101 | +53.2% |
| Profit (loss) for the period | 9904 | €23,288 | €53,459 | +€30,171 | +130% |
| Profit (loss) for the period to be appropriated | 9905 | €23,288 | €53,459 | +€30,171 | +130% |
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 15 October 2026 via checked.be.