V.I. Enterprises: 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.I. Enterprises
Largest movements
- Cash -€45,502
down €45,502 (-21.8%), from €209,123 to €163,621
mainly Contributions, distributions and other (-€312,204) and Tax, wage and social debts (-€7,891)
- Deferred charges and accrued income +€4,225
up €4,225 (+1,088%), from €388 to €4,613
- Receivables within one year -€2,748
down €2,748 (-11.6%), from €23,609 to €20,861
of which Trade receivables: -€2,976
- Reserves -€212,871
no longer reported in 2025 (was €212,871)
- Other debts +€179,151
up €179,151 (+1,738%), from €10,306 to €189,458
- Tax, wage and social debts -€7,891
no longer reported in 2025 (was €7,891)
- Trade debts -€3,029
down €3,029 (-95.5%), from €3,173 to €144
- Gross operating margin -€9,089
down €9,089 (-6.2%), from €145,814 to €136,725
- Taxes -€2,223
down €2,223 (-6.0%), from €37,184 to €34,961
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 | €235,156 | €189,809 | -€45,347 | -19.3% |
| Fixed assets | 21/28 | €2,037 | €714 | -€1,323 | -64.9% |
| Tangible fixed assets | 22/27 | €2,037 | €714 | -€1,323 | -64.9% |
| Furniture and vehicles | 24 | €2,037 | €714 | -€1,323 | -64.9% |
| Current assets | 29/58 | €233,120 | €189,095 | -€44,024 | -18.9% |
| Amounts receivable within one year | 40/41 | €23,609 | €20,861 | -€2,748 | -11.6% |
| Trade receivables | 40 | €18,798 | €15,822 | -€2,976 | -15.8% |
| Other amounts receivable | 41 | €4,811 | €5,039 | +€228 | +4.7% |
| Cash at bank and in hand | 54/58 | €209,123 | €163,621 | -€45,502 | -21.8% |
| Deferred charges and accrued income | 490/1 | €388 | €4,613 | +€4,225 | +1,088% |
| Total equity and liabilities | 10/49 | €235,156 | €189,809 | -€45,347 | -19.3% |
| Equity | 10/15 | €212,971 | €100 | -€212,871 | -100.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €212,871 | - | -€212,871 | |
| Distributable reserves | 133 | €212,871 | - | -€212,871 | |
| Amounts payable | 17/49 | €22,185 | €189,709 | +€167,524 | +755% |
| Amounts payable within one year | 42/48 | €22,185 | €189,709 | +€167,524 | +755% |
| Financial debts | 43 | €816 | €108 | -€708 | -86.8% |
| Credit institutions | 430/8 | €816 | €108 | -€708 | -86.8% |
| Trade debts | 44 | €3,173 | €144 | -€3,029 | -95.5% |
| Suppliers | 440/4 | €3,173 | €144 | -€3,029 | -95.5% |
| Taxes, remuneration and social security | 45 | €7,891 | - | -€7,891 | |
| Taxes | 450/3 | €7,891 | - | -€7,891 | |
| Other amounts payable | 47/48 | €10,306 | €189,458 | +€179,151 | +1,738% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,323 | €1,323 | -€0 | 0.0% |
| Other operating charges | 640/8 | €505 | €875 | +€370 | +73.2% |
| Gross operating margin | 9900 | €145,814 | €136,725 | -€9,089 | -6.2% |
| Operating profit (loss) | 9901 | €143,986 | €134,527 | -€9,459 | -6.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €147 | €233 | +€86 | +58.6% |
| Recurring financial charges | 65 | €147 | €233 | +€86 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | €143,839 | €134,294 | -€9,545 | -6.6% |
| Income taxes | 67/77 | €37,184 | €34,961 | -€2,223 | -6.0% |
| Profit (loss) for the period | 9904 | €106,655 | €99,333 | -€7,322 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €106,655 | €99,333 | -€7,322 | -6.9% |
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 31 October 2026 via checked.be.