VI.GROUP: 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.GROUP
Largest movements
- Cash +€62,631
up €62,631 (+260.4%), from €24,049 to €86,680
mainly Other debts (+€106,353) and Net result for the year (+€80,925)
- Other debts +€106,353
up €106,353 (+26.3%), from €404,688 to €511,041
- Profit (loss) carried forward +€80,925
up €80,925 (+102.2%), from €79,172 to €160,097
- Trade debts -€55,245
down €55,245 (-99.3%), from €55,651 to €407
- Debts after one year -€51,553
down €51,553 (-6.8%), from €759,393 to €707,840
- Tax, wage and social debts -€21,358
down €21,358 (-64.2%), from €33,272 to €11,914
of which Taxes: -€22,878
- Gross operating margin +€52,360
up €52,360 (+61.9%), from €84,644 to €137,004
- Taxes +€12,824
up €12,824 (+116.3%), from €11,024 to €23,849
- Financial charges -€5,503
down €5,503 (-15.4%), from €35,680 to €30,177
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 | €1,682,571 | €1,761,493 | +€78,922 | +4.7% |
| Fixed assets | 21/28 | €1,602,208 | €1,601,733 | -€475 | 0.0% |
| Tangible fixed assets | 22/27 | €2,208 | €1,733 | -€475 | -21.5% |
| Plant, machinery and equipment | 23 | €2,208 | €1,733 | -€475 | -21.5% |
| Financial fixed assets | 28 | €1,600,000 | €1,600,000 | = | 0.0% |
| Current assets | 29/58 | €80,363 | €159,761 | +€79,398 | +98.8% |
| Amounts receivable within one year | 40/41 | €56,314 | €72,280 | +€15,966 | +28.4% |
| Trade receivables | 40 | €56,314 | €72,280 | +€15,966 | +28.4% |
| Cash at bank and in hand | 54/58 | €24,049 | €86,680 | +€62,631 | +260.4% |
| Deferred charges and accrued income | 490/1 | - | €801 | +€801 | |
| Total equity and liabilities | 10/49 | €1,682,571 | €1,761,493 | +€78,922 | +4.7% |
| Equity | 10/15 | €379,372 | €460,297 | +€80,925 | +21.3% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €300,000 | €300,000 | = | 0.0% |
| Distributable reserves | 133 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,172 | €160,097 | +€80,925 | +102.2% |
| Amounts payable | 17/49 | €1,303,199 | €1,301,197 | -€2,002 | -0.2% |
| Amounts payable after more than one year | 17 | €759,393 | €707,840 | -€51,553 | -6.8% |
| Financial debts | 170/4 | €759,393 | €707,840 | -€51,553 | -6.8% |
| Amounts payable within one year | 42/48 | €543,418 | €592,341 | +€48,923 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €49,808 | €51,553 | +€1,746 | +3.5% |
| Financial debts | 43 | - | €17,426 | +€17,426 | |
| Credit institutions | 430/8 | - | €17,426 | +€17,426 | |
| Trade debts | 44 | €55,651 | €407 | -€55,245 | -99.3% |
| Suppliers | 440/4 | €55,651 | €407 | -€55,245 | -99.3% |
| Taxes, remuneration and social security | 45 | €33,272 | €11,914 | -€21,358 | -64.2% |
| Taxes | 450/3 | €33,271 | €10,393 | -€22,878 | -68.8% |
| Remuneration and social security | 454/9 | €1 | €1,522 | +€1,521 | +139501.8% |
| Other amounts payable | 47/48 | €404,688 | €511,041 | +€106,353 | +26.3% |
| Accrued charges and deferred income | 492/3 | €387 | €1,016 | +€629 | +162.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169 | €475 | +€307 | +181.5% |
| Other operating charges | 640/8 | €983 | €1,579 | +€596 | +60.7% |
| Gross operating margin | 9900 | €84,644 | €137,004 | +€52,360 | +61.9% |
| Operating profit (loss) | 9901 | €83,493 | €134,950 | +€51,458 | +61.6% |
| Financial charges | 65/66B | €35,680 | €30,177 | -€5,503 | -15.4% |
| Recurring financial charges | 65 | €35,680 | €30,177 | -€5,503 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €47,813 | €104,773 | +€56,961 | +119.1% |
| Income taxes | 67/77 | €11,024 | €23,849 | +€12,824 | +116.3% |
| Profit (loss) for the period | 9904 | €36,788 | €80,925 | +€44,136 | +120.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,788 | €80,925 | +€44,136 | +120.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.