V.I.A.R.D.: what changed
V.I.A.R.D.
Largest movements
- Receivables within one year -€32,085
down €32,085 (-30.6%), from €104,886 to €72,800
of which Other amounts receivable: -€27,872
- Cash -€6,624
down €6,624 (-90.6%), from €7,312 to €688
mainly Net result for the year (-€25,479) and Tax, wage and social debts (-€23,911)
- Deferred charges and accrued income -€1,303
no longer reported in 2024 (was €1,303)
- Tax, wage and social debts -€23,911
down €23,911 (-94.4%), from €25,333 to €1,422
of which Taxes: -€19,833
- Profit (loss) carried forward -€13,675
new in 2024: -€13,675
- Reserves -€11,805
down €11,805 (-65.6%), from €18,005 to €6,200
of which Distributable reserves: -€11,805
- Short-term financial debts +€6,409
up €6,409 (+46.1%), from €13,915 to €20,324
- Trade debts +€2,668
up €2,668 (+403%), from €662 to €3,330
- Financial charges +€805
up €805 (+145%), from €555 to €1,360
- Staff costs -€625
down €625 (-2.8%), from €22,660 to €22,036
- Depreciation -€606
down €606 (-66.7%), from €909 to €303
- Gross operating margin +€492
up €492 (+18.7%), from -€2,638 to -€2,146
- Other operating charges -€384
no longer reported in 2024 (was €384)
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,914 | €79,600 | -€40,313 | -33.6% |
| Fixed assets | 21/28 | €6,412 | €6,110 | -€303 | -4.7% |
| Tangible fixed assets | 22/27 | €6,103 | €5,800 | -€303 | -5.0% |
| Furniture and vehicles | 24 | €5,800 | €5,800 | = | 0.0% |
| Other tangible fixed assets | 26 | €303 | - | -€303 | |
| Financial fixed assets | 28 | €310 | €310 | = | 0.0% |
| Current assets | 29/58 | €113,501 | €73,491 | -€40,011 | -35.3% |
| Amounts receivable within one year | 40/41 | €104,886 | €72,800 | -€32,085 | -30.6% |
| Trade receivables | 40 | €22,940 | €18,726 | -€4,214 | -18.4% |
| Other amounts receivable | 41 | €81,946 | €54,074 | -€27,872 | -34.0% |
| Current investments | 50/53 | - | €2 | +€2 | |
| Cash at bank and in hand | 54/58 | €7,312 | €688 | -€6,624 | -90.6% |
| Deferred charges and accrued income | 490/1 | €1,303 | - | -€1,303 | |
| Total equity and liabilities | 10/49 | €119,914 | €79,600 | -€40,313 | -33.6% |
| Equity | 10/15 | €80,005 | €54,525 | -€25,479 | -31.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €18,005 | €6,200 | -€11,805 | -65.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €11,805 | - | -€11,805 | |
| Profit (loss) carried forward | 14 | - | -€13,675 | -€13,675 | |
| Amounts payable | 17/49 | €39,909 | €25,075 | -€14,834 | -37.2% |
| Amounts payable within one year | 42/48 | €39,909 | €25,075 | -€14,834 | -37.2% |
| Financial debts | 43 | €13,915 | €20,324 | +€6,409 | +46.1% |
| Credit institutions | 430/8 | €13,915 | €20,324 | +€6,409 | +46.1% |
| Trade debts | 44 | €662 | €3,330 | +€2,668 | +403% |
| Suppliers | 440/4 | €662 | €3,330 | +€2,668 | +403% |
| Taxes, remuneration and social security | 45 | €25,333 | €1,422 | -€23,911 | -94.4% |
| Taxes | 450/3 | €19,884 | €51 | -€19,833 | -99.7% |
| Remuneration and social security | 454/9 | €5,449 | €1,371 | -€4,078 | -74.8% |
| Remuneration, social security and pensions | 62 | €22,660 | €22,036 | -€625 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €909 | €303 | -€606 | -66.7% |
| Other operating charges | 640/8 | €384 | - | -€384 | |
| Gross operating margin | 9900 | -€2,638 | -€2,146 | +€492 | +18.7% |
| Operating profit (loss) | 9901 | -€26,591 | -€24,484 | +€2,107 | +7.9% |
| Financial income | 75/76B | €0 | €365 | +€365 | +151,913% |
| Recurring financial income | 75 | €0 | €365 | +€365 | +151,913% |
| Financial charges | 65/66B | €555 | €1,360 | +€805 | +145% |
| Recurring financial charges | 65 | €555 | €1,360 | +€805 | +145% |
| Profit (loss) for the period before taxes | 9903 | -€27,146 | -€25,479 | +€1,667 | +6.1% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€27,146 | -€25,479 | +€1,667 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,146 | -€25,479 | +€1,667 | +6.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.