VIGIRISK: 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.
VIGIRISK
Largest movements
- Tangible fixed assets -€31,919
down €31,919 (-18.7%), from €170,672 to €138,752
- Cash -€10,332
down €10,332 (-73.8%), from €14,004 to €3,672
mainly Trade debts (-€146,230) and Short-term financial debts (-€19,711)
- Deferred charges and accrued income -€10,268
down €10,268 (-95.4%), from €10,768 to €500
- Trade debts -€146,230
down €146,230 (-59.3%), from €246,429 to €100,199
- Reserves +€78,885
up €78,885 (+138.4%), from €56,995 to €135,880
- Tax, wage and social debts +€23,332
up €23,332 (+14.3%), from €163,271 to €186,603
of which Taxes: +€26,591
- Current portion of long-term debt +€22,913
up €22,913 (+179.5%), from €12,766 to €35,679
- Short-term financial debts -€19,711
down €19,711 (-73.2%), from €26,930 to €7,219
of which Credit institutions: -€10,711
- Gross operating margin +€260,166
up €260,166 (+25.0%), from €1.0m to €1.3m
- Staff costs +€118,503
up €118,503 (+11.6%), from €1.0m to €1.1m
- Depreciation -€28,083
down €28,083 (-36.7%), from €76,589 to €48,505
- Taxes +€17,126
up €17,126 (+10576.1%), from €162 to €17,288
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 | €579,725 | €531,810 | -€47,915 | -8.3% |
| Fixed assets | 21/28 | €171,761 | €139,841 | -€31,919 | -18.6% |
| Tangible fixed assets | 22/27 | €170,672 | €138,752 | -€31,919 | -18.7% |
| Land and buildings | 22 | €90,166 | €75,055 | -€15,110 | -16.8% |
| Plant, machinery and equipment | 23 | €5,172 | €1,313 | -€3,859 | -74.6% |
| Furniture and vehicles | 24 | €49,167 | €39,284 | -€9,883 | -20.1% |
| Other tangible fixed assets | 26 | €26,167 | €23,100 | -€3,067 | -11.7% |
| Financial fixed assets | 28 | €1,089 | €1,089 | = | 0.0% |
| Current assets | 29/58 | €407,964 | €391,968 | -€15,996 | -3.9% |
| Amounts receivable within one year | 40/41 | €383,192 | €387,796 | +€4,604 | +1.2% |
| Trade receivables | 40 | €345,149 | €373,363 | +€28,215 | +8.2% |
| Other amounts receivable | 41 | €38,043 | €14,433 | -€23,611 | -62.1% |
| Cash at bank and in hand | 54/58 | €14,004 | €3,672 | -€10,332 | -73.8% |
| Deferred charges and accrued income | 490/1 | €10,768 | €500 | -€10,268 | -95.4% |
| Total equity and liabilities | 10/49 | €579,725 | €531,810 | -€47,915 | -8.3% |
| Equity | 10/15 | €1,731 | €80,616 | +€78,885 | +4556.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,995 | €135,880 | +€78,885 | +138.4% |
| Distributable reserves | 133 | €56,995 | €135,880 | +€78,885 | +138.4% |
| Profit (loss) carried forward | 14 | -€73,864 | -€73,864 | = | 0.0% |
| Amounts payable | 17/49 | €577,994 | €451,193 | -€126,800 | -21.9% |
| Amounts payable after more than one year | 17 | €127,538 | €114,037 | -€13,502 | -10.6% |
| Financial debts | 170/4 | €61,538 | €48,037 | -€13,502 | -21.9% |
| Other amounts payable | 178/9 | €66,000 | €66,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €450,272 | €337,157 | -€113,115 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €12,766 | €35,679 | +€22,913 | +179.5% |
| Financial debts | 43 | €26,930 | €7,219 | -€19,711 | -73.2% |
| Credit institutions | 430/8 | €17,930 | €7,219 | -€10,711 | -59.7% |
| Other loans | 439 | €9,000 | €0 | -€9,000 | -100.0% |
| Trade debts | 44 | €246,429 | €100,199 | -€146,230 | -59.3% |
| Suppliers | 440/4 | €246,429 | €100,199 | -€146,230 | -59.3% |
| Taxes, remuneration and social security | 45 | €163,271 | €186,603 | +€23,332 | +14.3% |
| Taxes | 450/3 | €20,892 | €47,483 | +€26,591 | +127.3% |
| Remuneration and social security | 454/9 | €142,380 | €139,121 | -€3,259 | -2.3% |
| Other amounts payable | 47/48 | €875 | €7,456 | +€6,581 | +752.1% |
| Accrued charges and deferred income | 492/3 | €184 | €0 | -€184 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,020,645 | €1,139,149 | +€118,503 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,589 | €48,505 | -€28,083 | -36.7% |
| Other operating charges | 640/8 | €4,415 | €3,900 | -€515 | -11.7% |
| Non-recurring operating charges | 66A | €735 | €924 | +€189 | +25.8% |
| Gross operating margin | 9900 | €1,038,754 | €1,298,920 | +€260,166 | +25.0% |
| Operating profit (loss) | 9901 | -€63,630 | €106,442 | +€170,072 | |
| Financial income | 75/76B | €53 | €0 | -€53 | -100.0% |
| Recurring financial income | 75 | €53 | €0 | -€53 | -100.0% |
| Financial charges | 65/66B | €10,125 | €9,769 | -€356 | -3.5% |
| Recurring financial charges | 65 | €10,125 | €9,769 | -€356 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | -€73,702 | €96,673 | +€170,374 | |
| Income taxes | 67/77 | €162 | €17,288 | +€17,126 | +10576.1% |
| Profit (loss) for the period | 9904 | -€73,864 | €79,385 | +€153,249 | |
| Profit (loss) for the period to be appropriated | 9905 | -€73,864 | €79,385 | +€153,249 |
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 12 October 2026 via checked.be.