VI-JO: 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.
VI-JO
Largest movements
- Tangible fixed assets -€54,510
down €54,510 (-4.2%), from €1.3m to €1.2m
of which Land and buildings: -€46,939
- Cash -€22,012
down €22,012 (-47.5%), from €46,342 to €24,330
mainly Debts after one year (-€65,027) and Net result for the year (-€59,938)
- Debts after one year -€65,027
down €65,027 (-8.9%), from €727,723 to €662,696
- Reserves -€59,938
down €59,938 (-10.7%), from €557,601 to €497,662
of which Distributable reserves: -€59,938
- Other debts +€55,919
up €55,919 (+2,020%), from €2,768 to €58,687
- Staff costs +€31,901
up €31,901 (+44.2%), from €72,146 to €104,047
- Gross operating margin -€29,813
down €29,813 (-19.9%), from €149,939 to €120,126
- Taxes -€3,827
down €3,827 (-83.7%), from €4,572 to €744
- Other operating charges +€2,976
up €2,976 (+113%), from €2,631 to €5,607
- Depreciation -€2,644
down €2,644 (-4.6%), from €57,154 to €54,510
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 | €1,479,405 | €1,390,673 | -€88,733 | -6.0% |
| Fixed assets | 21/28 | €1,296,909 | €1,242,400 | -€54,510 | -4.2% |
| Tangible fixed assets | 22/27 | €1,296,909 | €1,242,400 | -€54,510 | -4.2% |
| Land and buildings | 22 | €1,254,100 | €1,207,161 | -€46,939 | -3.7% |
| Plant, machinery and equipment | 23 | €3,326 | €2,486 | -€840 | -25.2% |
| Furniture and vehicles | 24 | €9,842 | €6,894 | -€2,948 | -30.0% |
| Other tangible fixed assets | 26 | €29,642 | €25,859 | -€3,783 | -12.8% |
| Current assets | 29/58 | €182,496 | €148,273 | -€34,223 | -18.8% |
| Amounts receivable within one year | 40/41 | €132,753 | €120,719 | -€12,035 | -9.1% |
| Trade receivables | 40 | €54,293 | €39,125 | -€15,168 | -27.9% |
| Other amounts receivable | 41 | €78,461 | €81,594 | +€3,134 | +4.0% |
| Cash at bank and in hand | 54/58 | €46,342 | €24,330 | -€22,012 | -47.5% |
| Deferred charges and accrued income | 490/1 | €3,401 | €3,224 | -€177 | -5.2% |
| Total equity and liabilities | 10/49 | €1,479,405 | €1,390,673 | -€88,733 | -6.0% |
| Equity | 10/15 | €576,201 | €516,262 | -€59,938 | -10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €557,601 | €497,662 | -€59,938 | -10.7% |
| 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 | €555,741 | €495,802 | -€59,938 | -10.8% |
| Amounts payable | 17/49 | €903,205 | €874,410 | -€28,794 | -3.2% |
| Amounts payable after more than one year | 17 | €727,723 | €662,696 | -€65,027 | -8.9% |
| Financial debts | 170/4 | €727,723 | €662,696 | -€65,027 | -8.9% |
| Amounts payable within one year | 42/48 | €160,514 | €207,332 | +€46,818 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €64,228 | €65,027 | +€799 | +1.2% |
| Financial debts | 43 | €6,773 | €0 | -€6,773 | -100% |
| Credit institutions | 430/8 | €6,773 | €0 | -€6,773 | -100% |
| Trade debts | 44 | €8,370 | €2,050 | -€6,320 | -75.5% |
| Suppliers | 440/4 | €8,370 | €2,050 | -€6,320 | -75.5% |
| Taxes, remuneration and social security | 45 | €78,375 | €81,568 | +€3,193 | +4.1% |
| Taxes | 450/3 | €65,631 | €65,590 | -€41 | -0.1% |
| Remuneration and social security | 454/9 | €12,744 | €15,978 | +€3,234 | +25.4% |
| Other amounts payable | 47/48 | €2,768 | €58,687 | +€55,919 | +2,020% |
| Accrued charges and deferred income | 492/3 | €14,968 | €4,382 | -€10,586 | -70.7% |
| Remuneration, social security and pensions | 62 | €72,146 | €104,047 | +€31,901 | +44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,154 | €54,510 | -€2,644 | -4.6% |
| Other operating charges | 640/8 | €2,631 | €5,607 | +€2,976 | +113% |
| Gross operating margin | 9900 | €149,939 | €120,126 | -€29,813 | -19.9% |
| Operating profit (loss) | 9901 | €18,008 | -€44,038 | -€62,046 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €13,097 | €15,156 | +€2,059 | +15.7% |
| Recurring financial charges | 65 | €13,097 | €15,156 | +€2,059 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €4,913 | -€59,194 | -€64,107 | |
| Income taxes | 67/77 | €4,572 | €744 | -€3,827 | -83.7% |
| Profit (loss) for the period | 9904 | €341 | -€59,938 | -€60,279 | |
| Profit (loss) for the period to be appropriated | 9905 | €341 | -€59,938 | -€60,279 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.