V. BEDORET-VISCOURT: 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.
V. BEDORET-VISCOURT
Largest movements
- Stocks and contracts +€116,777
up €116,777 (+51.9%), from €224,803 to €341,580
- Receivables within one year -€85,236
down €85,236 (-42.5%), from €200,458 to €115,222
of which Trade receivables: -€87,677
- Tangible fixed assets -€32,975
down €32,975 (-6.3%), from €520,438 to €487,462
of which Land and buildings: -€34,443
- Profit (loss) carried forward +€46,526
up €46,526 (+22.7%), from €205,016 to €251,542
- Tax, wage and social debts -€18,097
down €18,097 (-72.9%), from €24,834 to €6,738
- Trade debts -€15,805
down €15,805 (-20.9%), from €75,714 to €59,910
- Other debts -€10,862
down €10,862 (-13.4%), from €81,276 to €70,414
- Gross operating margin -€31,386
down €31,386 (-17.0%), from €184,162 to €152,775
- Taxes -€7,194
down €7,194 (-38.2%), from €18,840 to €11,646
- Financial charges -€4,991
down €4,991 (-20.6%), from €24,172 to €19,181
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.
Derived cash bridge
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 | €1,017,697 | €1,016,301 | -€1,396 | -0.1% |
| Fixed assets | 21/28 | €552,718 | €520,043 | -€32,675 | -5.9% |
| Tangible fixed assets | 22/27 | €520,438 | €487,462 | -€32,975 | -6.3% |
| Land and buildings | 22 | €508,090 | €473,648 | -€34,443 | -6.8% |
| Plant, machinery and equipment | 23 | €12,347 | €13,815 | +€1,468 | +11.9% |
| Financial fixed assets | 28 | €32,281 | €32,581 | +€300 | +0.9% |
| Current assets | 29/58 | €464,979 | €496,258 | +€31,280 | +6.7% |
| Stocks and contracts in progress | 3 | €224,803 | €341,580 | +€116,777 | +51.9% |
| Stocks | 30/36 | €224,803 | €341,580 | +€116,777 | +51.9% |
| Amounts receivable within one year | 40/41 | €200,458 | €115,222 | -€85,236 | -42.5% |
| Trade receivables | 40 | €198,706 | €111,029 | -€87,677 | -44.1% |
| Other amounts receivable | 41 | €1,752 | €4,193 | +€2,441 | +139% |
| Cash at bank and in hand | 54/58 | €37,823 | €37,196 | -€627 | -1.7% |
| Deferred charges and accrued income | 490/1 | €1,896 | €2,261 | +€365 | +19.2% |
| Total equity and liabilities | 10/49 | €1,017,697 | €1,016,301 | -€1,396 | -0.1% |
| Equity | 10/15 | €619,164 | €665,690 | +€46,526 | +7.5% |
| Contributions | 10/11 | €117,418 | €117,418 | = | 0.0% |
| Reserves | 13 | €296,731 | €296,731 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,401 | €37,401 | = | 0.0% |
| Reserves not available under the articles | 1311 | €37,401 | €37,401 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,274 | €16,274 | = | 0.0% |
| Distributable reserves | 133 | €243,056 | €243,056 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205,016 | €251,542 | +€46,526 | +22.7% |
| Amounts payable | 17/49 | €398,533 | €350,611 | -€47,922 | -12.0% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €181,825 | €137,061 | -€44,764 | -24.6% |
| Trade debts | 44 | €75,714 | €59,910 | -€15,805 | -20.9% |
| Suppliers | 440/4 | €75,714 | €59,910 | -€15,805 | -20.9% |
| Taxes, remuneration and social security | 45 | €24,834 | €6,738 | -€18,097 | -72.9% |
| Taxes | 450/3 | €24,834 | €6,738 | -€18,097 | -72.9% |
| Other amounts payable | 47/48 | €81,276 | €70,414 | -€10,862 | -13.4% |
| Accrued charges and deferred income | 492/3 | €16,708 | €13,550 | -€3,158 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,749 | €36,616 | +€866 | +2.4% |
| Other operating charges | 640/8 | €9,014 | €9,347 | +€332 | +3.7% |
| Gross operating margin | 9900 | €184,162 | €152,775 | -€31,386 | -17.0% |
| Operating profit (loss) | 9901 | €139,398 | €106,813 | -€32,585 | -23.4% |
| Financial income | 75/76B | €1,176 | €539 | -€637 | -54.1% |
| Recurring financial income | 75 | €1,176 | €539 | -€637 | -54.1% |
| Financial charges | 65/66B | €24,172 | €19,181 | -€4,991 | -20.6% |
| Recurring financial charges | 65 | €24,172 | €19,181 | -€4,991 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €116,402 | €88,172 | -€28,231 | -24.3% |
| Income taxes | 67/77 | €18,840 | €11,646 | -€7,194 | -38.2% |
| Profit (loss) for the period | 9904 | €97,563 | €76,526 | -€21,037 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €97,563 | €76,526 | -€21,037 | -21.6% |
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 15 October 2026 via checked.be.