V-IKONA: 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-IKONA
Largest movements
- Receivables within one year +€21,770
up €21,770 (+6,322%), from €344 to €22,114
of which Trade receivables: +€22,114
- Tangible fixed assets -€7,182
down €7,182 (-4.6%), from €157,817 to €150,635
of which Land and buildings: -€3,903
- Cash +€3,773
up €3,773 (+54.7%), from €6,903 to €10,676
mainly Net result for the year (+€31,500) and Depreciation (+€7,182)
- Profit (loss) carried forward +€31,500
up €31,500, from -€26,077 to €5,423
- Debts after one year -€14,322
down €14,322 (-27.1%), from €52,920 to €38,598
- Other debts -€8,471
down €8,471 (-14.9%), from €56,862 to €48,391
- Trade debts +€6,250
up €6,250 (+215%), from €2,911 to €9,161
- Tax, wage and social debts +€3,848
up €3,848 (+1,101%), from €349 to €4,197
- Gross operating margin +€88,004
up €88,004, from -€44,214 to €43,790
- Financial charges -€541
down €541 (-20.6%), from €2,623 to €2,082
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 | €165,065 | €184,353 | +€19,288 | +11.7% |
| Fixed assets | 21/28 | €157,817 | €150,635 | -€7,182 | -4.6% |
| Tangible fixed assets | 22/27 | €157,817 | €150,635 | -€7,182 | -4.6% |
| Land and buildings | 22 | €141,067 | €137,164 | -€3,903 | -2.8% |
| Plant, machinery and equipment | 23 | €13,326 | €11,607 | -€1,719 | -12.9% |
| Furniture and vehicles | 24 | €3,424 | €1,864 | -€1,560 | -45.6% |
| Current assets | 29/58 | €7,248 | €33,718 | +€26,470 | +365% |
| Amounts receivable within one year | 40/41 | €344 | €22,114 | +€21,770 | +6,322% |
| Trade receivables | 40 | - | €22,114 | +€22,114 | |
| Other amounts receivable | 41 | €344 | - | -€344 | |
| Cash at bank and in hand | 54/58 | €6,903 | €10,676 | +€3,773 | +54.7% |
| Deferred charges and accrued income | 490/1 | - | €927 | +€927 | |
| Total equity and liabilities | 10/49 | €165,065 | €184,353 | +€19,288 | +11.7% |
| Equity | 10/15 | €38,183 | €69,683 | +€31,500 | +82.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €51,860 | €51,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,077 | €5,423 | +€31,500 | |
| Amounts payable | 17/49 | €126,881 | €114,669 | -€12,212 | -9.6% |
| Amounts payable after more than one year | 17 | €52,920 | €38,598 | -€14,322 | -27.1% |
| Financial debts | 170/4 | €52,920 | €38,598 | -€14,322 | -27.1% |
| Amounts payable within one year | 42/48 | €73,961 | €76,071 | +€2,110 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €13,839 | €14,322 | +€483 | +3.5% |
| Trade debts | 44 | €2,911 | €9,161 | +€6,250 | +215% |
| Suppliers | 440/4 | €2,911 | €9,161 | +€6,250 | +215% |
| Taxes, remuneration and social security | 45 | €349 | €4,197 | +€3,848 | +1,101% |
| Taxes | 450/3 | €349 | €4,197 | +€3,848 | +1,101% |
| Other amounts payable | 47/48 | €56,862 | €48,391 | -€8,471 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,287 | €7,182 | -€106 | -1.4% |
| Other operating charges | 640/8 | €2,918 | €2,855 | -€64 | -2.2% |
| Gross operating margin | 9900 | -€44,214 | €43,790 | +€88,004 | |
| Operating profit (loss) | 9901 | -€54,420 | €33,754 | +€88,174 | |
| Financial income | 75/76B | €0 | €186 | +€186 | +143,323% |
| Recurring financial income | 75 | €0 | €186 | +€186 | +143,323% |
| Financial charges | 65/66B | €2,623 | €2,082 | -€541 | -20.6% |
| Recurring financial charges | 65 | €2,623 | €2,082 | -€541 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | -€57,043 | €31,859 | +€88,901 | |
| Income taxes | 67/77 | €612 | €358 | -€254 | -41.5% |
| Profit (loss) for the period | 9904 | -€57,655 | €31,500 | +€89,155 | |
| Profit (loss) for the period to be appropriated | 9905 | -€57,655 | €31,500 | +€89,155 |
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 20 October 2026 via checked.be.