The VIGOR Unit: 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.
The VIGOR Unit
Largest movements
- Cash +€9,744
up €9,744 (+223.7%), from €4,357 to €14,101
mainly Tax, wage and social debts (+€4,762) and Receivables within one year (+€4,073)
- Receivables within one year -€4,073
down €4,073 (-10.0%), from €40,799 to €36,726
of which Other amounts receivable: -€4,457
- Deferred charges and accrued income +€1,635
up €1,635 (+82.9%), from €1,972 to €3,607
- Tangible fixed assets -€1,156
down €1,156 (-34.7%), from €3,335 to €2,179
of which Furniture and vehicles: -€1,601
- Tax, wage and social debts +€4,762
up €4,762 (+20.0%), from €23,859 to €28,621
of which Remuneration and social security: +€11,447
- Trade debts +€952
up €952 (+107.4%), from €886 to €1,838
- Profit (loss) carried forward +€886
up €886 (+2.4%), from -€37,608 to -€36,722
- Gross operating margin +€71,347
up €71,347 (+105.4%), from €67,668 to €139,016
- Staff costs +€34,102
up €34,102 (+34.1%), from €99,890 to €133,992
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 | €53,255 | €59,422 | +€6,166 | +11.6% |
| Fixed assets | 21/28 | €5,878 | €4,738 | -€1,140 | -19.4% |
| Tangible fixed assets | 22/27 | €3,335 | €2,179 | -€1,156 | -34.7% |
| Plant, machinery and equipment | 23 | €763 | €1,209 | +€446 | +58.4% |
| Furniture and vehicles | 24 | €2,571 | €970 | -€1,601 | -62.3% |
| Financial fixed assets | 28 | €2,543 | €2,559 | +€16 | +0.6% |
| Current assets | 29/58 | €47,378 | €54,684 | +€7,306 | +15.4% |
| Amounts receivable within one year | 40/41 | €40,799 | €36,726 | -€4,073 | -10.0% |
| Trade receivables | 40 | €34,471 | €34,856 | +€385 | +1.1% |
| Other amounts receivable | 41 | €6,328 | €1,870 | -€4,457 | -70.4% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,357 | €14,101 | +€9,744 | +223.7% |
| Deferred charges and accrued income | 490/1 | €1,972 | €3,607 | +€1,635 | +82.9% |
| Total equity and liabilities | 10/49 | €53,255 | €59,422 | +€6,166 | +11.6% |
| Equity | 10/15 | €28,052 | €28,938 | +€886 | +3.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €47,110 | €47,110 | = | 0.0% |
| Distributable reserves | 133 | €47,110 | €47,110 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,608 | -€36,722 | +€886 | +2.4% |
| Amounts payable | 17/49 | €25,203 | €30,484 | +€5,280 | +21.0% |
| Amounts payable within one year | 42/48 | €25,203 | €30,484 | +€5,280 | +21.0% |
| Financial debts | 43 | €450 | €0 | -€450 | -100.0% |
| Credit institutions | 430/8 | €450 | €0 | -€450 | -100.0% |
| Trade debts | 44 | €886 | €1,838 | +€952 | +107.4% |
| Suppliers | 440/4 | €886 | €1,838 | +€952 | +107.4% |
| Taxes, remuneration and social security | 45 | €23,859 | €28,621 | +€4,762 | +20.0% |
| Taxes | 450/3 | €12,106 | €5,422 | -€6,684 | -55.2% |
| Remuneration and social security | 454/9 | €11,752 | €23,199 | +€11,447 | +97.4% |
| Other amounts payable | 47/48 | €9 | €25 | +€17 | +194.9% |
| Remuneration, social security and pensions | 62 | €99,890 | €133,992 | +€34,102 | +34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,479 | €2,394 | -€1,085 | -31.2% |
| Other operating charges | 640/8 | €1,635 | €1,338 | -€297 | -18.1% |
| Gross operating margin | 9900 | €67,668 | €139,016 | +€71,347 | +105.4% |
| Operating profit (loss) | 9901 | -€37,336 | €1,291 | +€38,627 | |
| Financial income | 75/76B | €215 | €54 | -€162 | -75.0% |
| Recurring financial income | 75 | €215 | €54 | -€162 | -75.0% |
| Financial charges | 65/66B | €488 | €459 | -€30 | -6.0% |
| Recurring financial charges | 65 | €488 | €459 | -€30 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | -€37,608 | €886 | +€38,495 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€37,608 | €886 | +€38,495 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,608 | €886 | +€38,495 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.