VIGILO: 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.
VIGILO
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+487.1%), from €225,460 to €1.3m
of which Trade receivables: +€1.1m
- Tangible fixed assets +€666,744
up €666,744 (+168.8%), from €395,006 to €1.1m
of which Land and buildings: +€421,924
- Stocks and contracts -€615,794
down €615,794 (-61.9%), from €994,112 to €378,318
- Cash +€320,914
up €320,914 (+415.7%), from €77,190 to €398,104
mainly Trade debts (+€848,214) and Stocks and contracts (+€615,794)
- Current investments +€188,330
up €188,330 (+7.3%), from €2.6m to €2.8m
- Trade debts +€848,214
up €848,214 (+363.5%), from €233,368 to €1.1m
- Debts after one year +€318,266
up €318,266 (+138.0%), from €230,552 to €548,818
- Profit (loss) carried forward +€254,527
up €254,527 (+13.8%), from €1.8m to €2.1m
- Tax, wage and social debts +€149,626
new in 2025: €149,626
- Short-term financial debts +€114,638
up €114,638 (+21.1%), from €542,761 to €657,399
- Gross operating margin +€504,779
up €504,779 (+122.7%), from €411,531 to €916,310
- Financial income +€192,436
up €192,436 (+124.0%), from €155,201 to €347,637
- Taxes +€113,288
up €113,288 (+138.7%), from €81,656 to €194,944
- Financial charges +€58,793
up €58,793 (+25.4%), from €231,097 to €289,890
- Depreciation +€23,122
up €23,122 (+62.0%), from €37,263 to €60,385
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 | €4,292,275 | €5,952,307 | +€1.7m | +38.7% |
| Fixed assets | 21/28 | €399,803 | €1,066,547 | +€666,744 | +166.8% |
| Tangible fixed assets | 22/27 | €395,006 | €1,061,750 | +€666,744 | +168.8% |
| Land and buildings | 22 | €303,999 | €725,923 | +€421,924 | +138.8% |
| Plant, machinery and equipment | 23 | €364 | €1,965 | +€1,601 | +439.3% |
| Furniture and vehicles | 24 | €90,643 | €333,862 | +€243,219 | +268.3% |
| Financial fixed assets | 28 | €4,797 | €4,797 | = | 0.0% |
| Current assets | 29/58 | €3,892,471 | €4,885,759 | +€993,288 | +25.5% |
| Stocks and contracts in progress | 3 | €994,112 | €378,318 | -€615,794 | -61.9% |
| Stocks | 30/36 | €994,112 | €378,318 | -€615,794 | -61.9% |
| Amounts receivable within one year | 40/41 | €225,460 | €1,323,598 | +€1.1m | +487.1% |
| Trade receivables | 40 | €180,732 | €1,309,479 | +€1.1m | +624.5% |
| Other amounts receivable | 41 | €44,727 | €14,120 | -€30,608 | -68.4% |
| Current investments | 50/53 | €2,588,033 | €2,776,363 | +€188,330 | +7.3% |
| Cash at bank and in hand | 54/58 | €77,190 | €398,104 | +€320,914 | +415.7% |
| Deferred charges and accrued income | 490/1 | €7,677 | €9,375 | +€1,698 | +22.1% |
| Total equity and liabilities | 10/49 | €4,292,275 | €5,952,307 | +€1.7m | +38.7% |
| Equity | 10/15 | €2,896,194 | €3,014,835 | +€118,642 | +4.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €140,351 | €104,465 | -€35,885 | -25.6% |
| Reserves | 13 | €910,810 | €810,810 | -€100,000 | -11.0% |
| Distributable reserves | 133 | €910,810 | €810,810 | -€100,000 | -11.0% |
| Profit (loss) carried forward | 14 | €1,838,833 | €2,093,360 | +€254,527 | +13.8% |
| Amounts payable | 17/49 | €1,396,081 | €2,937,471 | +€1.5m | +110.4% |
| Amounts payable after more than one year | 17 | €230,552 | €548,818 | +€318,266 | +138.0% |
| Financial debts | 170/4 | €230,552 | €548,818 | +€318,266 | +138.0% |
| Amounts payable within one year | 42/48 | €1,142,376 | €2,388,653 | +€1.2m | +109.1% |
| Current portion of amounts payable after more than one year | 42 | €366,247 | €397,257 | +€31,010 | +8.5% |
| Financial debts | 43 | €542,761 | €657,399 | +€114,638 | +21.1% |
| Credit institutions | 430/8 | €542,761 | €657,399 | +€114,638 | +21.1% |
| Trade debts | 44 | €233,368 | €1,081,582 | +€848,214 | +363.5% |
| Suppliers | 440/4 | €233,368 | €1,081,582 | +€848,214 | +363.5% |
| Advances received on contracts in progress | 46 | - | €102,790 | +€102,790 | |
| Taxes, remuneration and social security | 45 | - | €149,626 | +€149,626 | |
| Taxes | 450/3 | - | €149,626 | +€149,626 | |
| Accrued charges and deferred income | 492/3 | €23,153 | - | -€23,153 | |
| Non-recurring operating income | 76A | - | €442 | +€442 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,263 | €60,385 | +€23,122 | +62.0% |
| Other operating charges | 640/8 | €1,141 | €2,281 | +€1,141 | +100.0% |
| Non-recurring operating charges | 66A | - | €231,920 | +€231,920 | |
| Gross operating margin | 9900 | €411,531 | €916,310 | +€504,779 | +122.7% |
| Operating profit (loss) | 9901 | €373,128 | €621,724 | +€248,596 | +66.6% |
| Financial income | 75/76B | €155,201 | €347,637 | +€192,436 | +124.0% |
| Recurring financial income | 75 | €155,201 | €347,637 | +€192,436 | +124.0% |
| Financial charges | 65/66B | €231,097 | €289,890 | +€58,793 | +25.4% |
| Recurring financial charges | 65 | €231,097 | €289,890 | +€58,793 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €297,232 | €679,471 | +€382,239 | +128.6% |
| Income taxes | 67/77 | €81,656 | €194,944 | +€113,288 | +138.7% |
| Profit (loss) for the period | 9904 | €215,576 | €484,527 | +€268,951 | +124.8% |
| Profit (loss) for the period to be appropriated | 9905 | €215,576 | €484,527 | +€268,951 | +124.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.