VIGILANT OPS: 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 OPS
Largest movements
- Receivables within one year -€17,823
down €17,823 (-59.2%), from €30,088 to €12,265
- Cash +€9,015
up €9,015 (+13.9%), from €65,057 to €74,072
mainly Receivables within one year (+€17,823) and Net result for the year (+€14,946)
- Tangible fixed assets -€1,288
down €1,288 (-27.5%), from €4,683 to €3,395
- Reserves -€25,000
down €25,000 (-59.5%), from €42,000 to €17,000
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Tax, wage and social debts +€9,014
up €9,014 (+57.2%), from €15,753 to €24,767
- Debts after one year -€7,500
no longer reported in 2025 (was €7,500)
- Profit (loss) carried forward +€7,446
up €7,446, from -€7,076 to €369
- Gross operating margin +€9,803
up €9,803 (+62.6%), from €15,648 to €25,452
- Taxes +€3,941
up €3,941 (+496.1%), from €794 to €4,736
- Other operating charges -€1,349
down €1,349 (-54.9%), from €2,455 to €1,106
- Depreciation +€740
up €740 (+44.1%), from €1,680 to €2,421
- Financial charges +€467
up €467 (+26.3%), from €1,776 to €2,243
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 | €100,647 | €90,526 | -€10,121 | -10.1% |
| Fixed assets | 21/28 | €5,163 | €3,875 | -€1,288 | -24.9% |
| Tangible fixed assets | 22/27 | €4,683 | €3,395 | -€1,288 | -27.5% |
| Furniture and vehicles | 24 | €4,683 | €3,395 | -€1,288 | -27.5% |
| Financial fixed assets | 28 | €480 | €480 | = | 0.0% |
| Current assets | 29/58 | €95,484 | €86,651 | -€8,833 | -9.3% |
| Amounts receivable within one year | 40/41 | €30,088 | €12,265 | -€17,823 | -59.2% |
| Trade receivables | 40 | €30,088 | €12,265 | -€17,823 | -59.2% |
| Cash at bank and in hand | 54/58 | €65,057 | €74,072 | +€9,015 | +13.9% |
| Deferred charges and accrued income | 490/1 | €340 | €314 | -€26 | -7.6% |
| Total equity and liabilities | 10/49 | €100,647 | €90,526 | -€10,121 | -10.1% |
| Equity | 10/15 | €41,124 | €35,969 | -€5,154 | -12.5% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €42,000 | €17,000 | -€25,000 | -59.5% |
| Distributable reserves | 133 | €42,000 | €17,000 | -€25,000 | -59.5% |
| Profit (loss) carried forward | 14 | -€7,076 | €369 | +€7,446 | |
| Amounts payable | 17/49 | €59,523 | €54,557 | -€4,967 | -8.3% |
| Amounts payable after more than one year | 17 | €7,500 | - | -€7,500 | |
| Financial debts | 170/4 | €7,500 | - | -€7,500 | |
| Amounts payable within one year | 42/48 | €52,023 | €54,557 | +€2,533 | +4.9% |
| Trade debts | 44 | €1,102 | €144 | -€958 | -87.0% |
| Suppliers | 440/4 | €1,102 | €144 | -€958 | -87.0% |
| Taxes, remuneration and social security | 45 | €15,753 | €24,767 | +€9,014 | +57.2% |
| Taxes | 450/3 | €15,753 | €24,767 | +€9,014 | +57.2% |
| Other amounts payable | 47/48 | €35,169 | €29,646 | -€5,523 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,680 | €2,421 | +€740 | +44.1% |
| Other operating charges | 640/8 | €2,455 | €1,106 | -€1,349 | -54.9% |
| Gross operating margin | 9900 | €15,648 | €25,452 | +€9,803 | +62.6% |
| Operating profit (loss) | 9901 | €11,513 | €21,925 | +€10,412 | +90.4% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €1,776 | €2,243 | +€467 | +26.3% |
| Recurring financial charges | 65 | €1,776 | €2,243 | +€467 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €9,744 | €19,682 | +€9,938 | +102.0% |
| Income taxes | 67/77 | €794 | €4,736 | +€3,941 | +496.1% |
| Profit (loss) for the period | 9904 | €8,949 | €14,946 | +€5,997 | +67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,949 | €14,946 | +€5,997 | +67.0% |
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 5 October 2026 via checked.be.