VI-CTOR: what changed
Two fiscal 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.
VI-CTOR
Largest movements
- Intangible fixed assets +€284,075
new in 2025: €284,075
- Receivables within one year -€34,640
down €34,640 (-8.1%), from €429,442 to €394,803
of which Trade receivables: -€51,166
- Tangible fixed assets -€17,027
down €17,027 (-13.7%), from €124,263 to €107,236
of which Other tangible fixed assets: -€13,208
- Other debts +€197,232
up €197,232 (+465.1%), from €42,404 to €239,636
- Short-term financial debts +€49,544
up €49,544 (+10841.7%), from €457 to €50,001
- Trade debts -€13,757
down €13,757 (-32.0%), from €42,995 to €29,238
- Tax, wage and social debts -€8,838
down €8,838 (-78.5%), from €11,257 to €2,419
of which Taxes: -€5,715
- Gross operating margin -€184,254
down €184,254, from €63,903 to -€120,350
- Financial income +€155,200
up €155,200 (+134968.1%), from €115 to €155,315
of which Non-recurring financial income: +€155,315
- Financial charges +€14,420
up €14,420 (+437.5%), from €3,296 to €17,715
of which Financial charges: +€9,804
- Taxes -€7,368
down €7,368 (-86.8%), from €8,487 to €1,119
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €558,320 | €786,113 | +€227,793 | +40.8% |
| Fixed assets | 21/28 | €128,878 | €391,311 | +€262,433 | +203.6% |
| Intangible fixed assets | 21 | - | €284,075 | +€284,075 | |
| Tangible fixed assets | 22/27 | €124,263 | €107,236 | -€17,027 | -13.7% |
| Plant, machinery and equipment | 23 | €10,234 | €7,653 | -€2,582 | -25.2% |
| Furniture and vehicles | 24 | €5,926 | €4,689 | -€1,237 | -20.9% |
| Other tangible fixed assets | 26 | €108,103 | €94,894 | -€13,208 | -12.2% |
| Financial fixed assets | 28 | €4,615 | - | -€4,615 | |
| Current assets | 29/58 | €429,442 | €394,803 | -€34,640 | -8.1% |
| Amounts receivable within one year | 40/41 | €429,442 | €394,803 | -€34,640 | -8.1% |
| Trade receivables | 40 | €79,040 | €27,874 | -€51,166 | -64.7% |
| Other amounts receivable | 41 | €350,402 | €366,929 | +€16,526 | +4.7% |
| Total equity and liabilities | 10/49 | €558,320 | €786,113 | +€227,793 | +40.8% |
| Equity | 10/15 | €460,180 | €458,653 | -€1,527 | -0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €441,580 | €440,053 | -€1,527 | -0.3% |
| 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 | €439,720 | €438,193 | -€1,527 | -0.3% |
| Amounts payable | 17/49 | €98,140 | €327,461 | +€229,321 | +233.7% |
| Amounts payable within one year | 42/48 | €97,112 | €327,461 | +€230,349 | +237.2% |
| Current portion of amounts payable after more than one year | 42 | - | €6,167 | +€6,167 | |
| Financial debts | 43 | €457 | €50,001 | +€49,544 | +10841.7% |
| Credit institutions | 430/8 | €457 | €50,001 | +€49,544 | +10841.7% |
| Trade debts | 44 | €42,995 | €29,238 | -€13,757 | -32.0% |
| Suppliers | 440/4 | €42,995 | €29,238 | -€13,757 | -32.0% |
| Taxes, remuneration and social security | 45 | €11,257 | €2,419 | -€8,838 | -78.5% |
| Taxes | 450/3 | €8,134 | €2,419 | -€5,715 | -70.3% |
| Remuneration and social security | 454/9 | €3,122 | - | -€3,122 | |
| Other amounts payable | 47/48 | €42,404 | €239,636 | +€197,232 | +465.1% |
| Accrued charges and deferred income | 492/3 | €1,028 | - | -€1,028 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,356 | €17,027 | +€670 | +4.1% |
| Other operating charges | 640/8 | €949 | €631 | -€319 | -33.6% |
| Gross operating margin | 9900 | €63,903 | -€120,350 | -€184,254 | |
| Operating profit (loss) | 9901 | €46,598 | -€138,007 | -€184,605 | |
| Financial income | 75/76B | €115 | €155,315 | +€155,200 | +134968.1% |
| Recurring financial income | 75 | €115 | €155,315 | +€155,200 | +134968.1% |
| Non-recurring financial income | 76B | - | €155,315 | +€155,315 | |
| Financial charges | 65/66B | €3,296 | €17,715 | +€14,420 | +437.5% |
| Recurring financial charges | 65 | €3,296 | €13,100 | +€9,804 | +297.5% |
| Non-recurring financial charges | 66B | - | €4,615 | +€4,615 | |
| Profit (loss) for the period before taxes | 9903 | €43,417 | -€408 | -€43,825 | |
| Income taxes | 67/77 | €8,487 | €1,119 | -€7,368 | -86.8% |
| Profit (loss) for the period | 9904 | €34,930 | -€1,527 | -€36,457 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,930 | -€1,527 | -€36,457 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.