VCICT: 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.
VCICT
Largest movements
- Current investments -€19,003
down €19,003 (-11.2%), from €170,377 to €151,374
- Cash +€5,765
up €5,765 (+80.3%), from €7,182 to €12,946
mainly Net result for the year (+€58,233) and Current investments (+€19,003)
- Tangible fixed assets -€3,167
down €3,167 (-57.4%), from €5,519 to €2,352
of which Land and buildings: -€2,699
- Reserves -€35,086
down €35,086 (-17.8%), from €196,789 to €161,703
- Tax, wage and social debts +€17,583
up €17,583 (+423.5%), from €4,152 to €21,735
- Other debts -€4,569
down €4,569 (-68.4%), from €6,676 to €2,107
- Trade debts +€2,156
up €2,156 (+124.7%), from €1,729 to €3,884
- Financial income +€10,350
up €10,350 (+7311.1%), from €142 to €10,492
of which Non-recurring financial income: +€7,312
- Gross operating margin -€9,212
down €9,212 (-10.6%), from €86,878 to €77,667
- Depreciation -€1,362
down €1,362 (-30.1%), from €4,529 to €3,167
- Taxes -€1,349
down €1,349 (-4.9%), from €27,583 to €26,234
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 | €209,602 | €189,687 | -€19,916 | -9.5% |
| Fixed assets | 21/28 | €5,519 | €2,352 | -€3,167 | -57.4% |
| Tangible fixed assets | 22/27 | €5,519 | €2,352 | -€3,167 | -57.4% |
| Land and buildings | 22 | €4,449 | €1,750 | -€2,699 | -60.7% |
| Plant, machinery and equipment | 23 | €1,070 | €601 | -€469 | -43.8% |
| Current assets | 29/58 | €204,083 | €187,335 | -€16,748 | -8.2% |
| Amounts receivable within one year | 40/41 | €22,875 | €21,084 | -€1,791 | -7.8% |
| Trade receivables | 40 | €22,875 | €21,084 | -€1,791 | -7.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €170,377 | €151,374 | -€19,003 | -11.2% |
| Cash at bank and in hand | 54/58 | €7,182 | €12,946 | +€5,765 | +80.3% |
| Deferred charges and accrued income | 490/1 | €3,649 | €1,931 | -€1,718 | -47.1% |
| Total equity and liabilities | 10/49 | €209,602 | €189,687 | -€19,916 | -9.5% |
| Equity | 10/15 | €196,790 | €161,704 | -€35,086 | -17.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €196,789 | €161,703 | -€35,086 | -17.8% |
| Distributable reserves | 133 | €196,789 | €161,703 | -€35,086 | -17.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,813 | €27,983 | +€15,170 | +118.4% |
| Amounts payable within one year | 42/48 | €12,556 | €27,726 | +€15,170 | +120.8% |
| Trade debts | 44 | €1,729 | €3,884 | +€2,156 | +124.7% |
| Suppliers | 440/4 | €1,729 | €3,884 | +€2,156 | +124.7% |
| Taxes, remuneration and social security | 45 | €4,152 | €21,735 | +€17,583 | +423.5% |
| Taxes | 450/3 | €4,152 | €21,735 | +€17,583 | +423.5% |
| Other amounts payable | 47/48 | €6,676 | €2,107 | -€4,569 | -68.4% |
| Accrued charges and deferred income | 492/3 | €257 | €257 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,529 | €3,167 | -€1,362 | -30.1% |
| Other operating charges | 640/8 | €446 | €449 | +€3 | +0.6% |
| Gross operating margin | 9900 | €86,878 | €77,667 | -€9,212 | -10.6% |
| Operating profit (loss) | 9901 | €81,903 | €74,050 | -€7,853 | -9.6% |
| Financial income | 75/76B | €142 | €10,492 | +€10,350 | +7311.1% |
| Recurring financial income | 75 | €142 | €3,179 | +€3,038 | +2145.9% |
| Non-recurring financial income | 76B | - | €7,312 | +€7,312 | |
| Financial charges | 65/66B | €36 | €74 | +€39 | +108.2% |
| Recurring financial charges | 65 | €36 | €74 | +€39 | +108.2% |
| Profit (loss) for the period before taxes | 9903 | €82,009 | €84,468 | +€2,459 | +3.0% |
| Income taxes | 67/77 | €27,583 | €26,234 | -€1,349 | -4.9% |
| Profit (loss) for the period | 9904 | €54,426 | €58,233 | +€3,808 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,426 | €58,233 | +€3,808 | +7.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.