VIGILANT: 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.
VIGILANT
Largest movements
- Cash +€20,078
up €20,078 (+15.9%), from €125,988 to €146,066
mainly Net result for the year (+€59,623) and Trade debts (+€4,518)
- Receivables within one year +€11,132
up €11,132 (+36.3%), from €30,624 to €41,755
of which Other amounts receivable: +€11,889
- Tangible fixed assets -€1,928
down €1,928 (-51.4%), from €3,751 to €1,824
- Reserves +€29,793
up €29,793 (+25.1%), from €118,707 to €148,500
- Trade debts +€4,518
up €4,518 (+321.8%), from €1,404 to €5,922
- Tax, wage and social debts -€3,000
down €3,000 (-75.0%), from €4,000 to €1,000
- Gross operating margin +€52,441
up €52,441 (+163.1%), from €32,148 to €84,590
- Taxes +€12,822
up €12,822 (+145.3%), from €8,823 to €21,645
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 | €162,211 | €192,761 | +€30,551 | +18.8% |
| Fixed assets | 21/28 | €3,751 | €1,824 | -€1,928 | -51.4% |
| Tangible fixed assets | 22/27 | €3,751 | €1,824 | -€1,928 | -51.4% |
| Furniture and vehicles | 24 | €3,751 | €1,824 | -€1,928 | -51.4% |
| Current assets | 29/58 | €158,459 | €190,938 | +€32,478 | +20.5% |
| Amounts receivable within one year | 40/41 | €30,624 | €41,755 | +€11,132 | +36.3% |
| Trade receivables | 40 | €18,719 | €17,961 | -€758 | -4.0% |
| Other amounts receivable | 41 | €11,905 | €23,794 | +€11,889 | +99.9% |
| Cash at bank and in hand | 54/58 | €125,988 | €146,066 | +€20,078 | +15.9% |
| Deferred charges and accrued income | 490/1 | €1,848 | €3,117 | +€1,268 | +68.6% |
| Total equity and liabilities | 10/49 | €162,211 | €192,761 | +€30,551 | +18.8% |
| Equity | 10/15 | €125,991 | €155,614 | +€29,623 | +23.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €118,707 | €148,500 | +€29,793 | +25.1% |
| Distributable reserves | 133 | €118,707 | €148,500 | +€29,793 | +25.1% |
| Profit (loss) carried forward | 14 | €1,084 | €914 | -€170 | -15.7% |
| Amounts payable | 17/49 | €36,220 | €37,148 | +€928 | +2.6% |
| Amounts payable within one year | 42/48 | €36,220 | €37,148 | +€928 | +2.6% |
| Trade debts | 44 | €1,404 | €5,922 | +€4,518 | +321.8% |
| Suppliers | 440/4 | €1,404 | €5,922 | +€4,518 | +321.8% |
| Taxes, remuneration and social security | 45 | €4,000 | €1,000 | -€3,000 | -75.0% |
| Taxes | 450/3 | €4,000 | €1,000 | -€3,000 | -75.0% |
| Other amounts payable | 47/48 | €30,816 | €30,226 | -€590 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,601 | €1,928 | +€327 | +20.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €32,148 | €84,590 | +€52,441 | +163.1% |
| Operating profit (loss) | 9901 | €30,161 | €82,262 | +€52,102 | +172.7% |
| Financial income | 75/76B | €1,108 | €709 | -€399 | -36.0% |
| Recurring financial income | 75 | €1,108 | €709 | -€399 | -36.0% |
| Financial charges | 65/66B | €1,713 | €1,703 | -€10 | -0.6% |
| Recurring financial charges | 65 | €1,713 | €1,703 | -€10 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €29,556 | €81,268 | +€51,712 | +175.0% |
| Income taxes | 67/77 | €8,823 | €21,645 | +€12,822 | +145.3% |
| Profit (loss) for the period | 9904 | €20,733 | €59,623 | +€38,890 | +187.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,733 | €59,623 | +€38,890 | +187.6% |
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 3 October 2026 via checked.be.