VIA: 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.
VIA
Largest movements
- Tangible fixed assets -€121,410
down €121,410 (-12.0%), from €1.0m to €892,348
- Receivables within one year +€33,106
up €33,106 (+207.4%), from €15,960 to €49,066
of which Other amounts receivable: +€19,340
- Cash -€23,989
down €23,989 (-14.4%), from €166,821 to €142,832
mainly Debts after one year (-€81,101) and Receivables within one year (-€33,106)
- Debts after one year -€81,101
down €81,101 (-9.0%), from €899,774 to €818,672
- Trade debts -€21,061
down €21,061 (-15.2%), from €138,222 to €117,161
- Tax, wage and social debts -€18,194
down €18,194 (-74.7%), from €24,346 to €6,152
of which Remuneration and social security: -€19,349
- Gross operating margin -€100,505
down €100,505 (-11.6%), from €865,659 to €765,154
- Staff costs -€54,891
down €54,891 (-8.4%), from €655,769 to €600,878
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 | €1,231,559 | €1,123,422 | -€108,137 | -8.8% |
| Fixed assets | 21/28 | €1,015,808 | €894,398 | -€121,410 | -12.0% |
| Tangible fixed assets | 22/27 | €1,013,758 | €892,348 | -€121,410 | -12.0% |
| Plant, machinery and equipment | 23 | €580,651 | €539,208 | -€41,443 | -7.1% |
| Furniture and vehicles | 24 | €350,508 | €290,272 | -€60,236 | -17.2% |
| Leasing and similar rights | 25 | €41,159 | €24,359 | -€16,800 | -40.8% |
| Assets under construction and advance payments | 27 | €41,439 | €38,509 | -€2,931 | -7.1% |
| Financial fixed assets | 28 | €2,050 | €2,050 | = | 0.0% |
| Current assets | 29/58 | €215,751 | €229,024 | +€13,273 | +6.2% |
| Stocks and contracts in progress | 3 | €26,268 | €30,692 | +€4,424 | +16.8% |
| Stocks | 30/36 | €26,268 | €30,692 | +€4,424 | +16.8% |
| Amounts receivable within one year | 40/41 | €15,960 | €49,066 | +€33,106 | +207.4% |
| Trade receivables | 40 | €9,169 | €22,934 | +€13,765 | +150.1% |
| Other amounts receivable | 41 | €6,791 | €26,131 | +€19,340 | +284.8% |
| Cash at bank and in hand | 54/58 | €166,821 | €142,832 | -€23,989 | -14.4% |
| Deferred charges and accrued income | 490/1 | €6,702 | €6,435 | -€267 | -4.0% |
| Total equity and liabilities | 10/49 | €1,231,559 | €1,123,422 | -€108,137 | -8.8% |
| Equity | 10/15 | €62,459 | €71,463 | +€9,004 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,859 | €52,863 | +€9,004 | +20.5% |
| 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 | €41,999 | €51,003 | +€9,004 | +21.4% |
| Amounts payable | 17/49 | €1,169,100 | €1,051,960 | -€117,140 | -10.0% |
| Amounts payable after more than one year | 17 | €899,774 | €818,672 | -€81,101 | -9.0% |
| Financial debts | 170/4 | €899,774 | €818,672 | -€81,101 | -9.0% |
| Amounts payable within one year | 42/48 | €269,326 | €233,287 | -€36,039 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €95,751 | €102,355 | +€6,604 | +6.9% |
| Trade debts | 44 | €138,222 | €117,161 | -€21,061 | -15.2% |
| Suppliers | 440/4 | €138,222 | €117,161 | -€21,061 | -15.2% |
| Taxes, remuneration and social security | 45 | €24,346 | €6,152 | -€18,194 | -74.7% |
| Taxes | 450/3 | €4,479 | €5,634 | +€1,155 | +25.8% |
| Remuneration and social security | 454/9 | €19,867 | €518 | -€19,349 | -97.4% |
| Other amounts payable | 47/48 | €11,007 | €7,619 | -€3,388 | -30.8% |
| Remuneration, social security and pensions | 62 | €655,769 | €600,878 | -€54,891 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,173 | €130,897 | -€2,275 | -1.7% |
| Other operating charges | 640/8 | €1,877 | €1,550 | -€327 | -17.4% |
| Non-recurring operating charges | 66A | €560 | - | -€560 | |
| Gross operating margin | 9900 | €865,659 | €765,154 | -€100,505 | -11.6% |
| Operating profit (loss) | 9901 | €74,281 | €31,829 | -€42,452 | -57.2% |
| Financial income | 75/76B | €250 | €1,400 | +€1,150 | +460.0% |
| Recurring financial income | 75 | €250 | €1,400 | +€1,150 | +460.0% |
| Financial charges | 65/66B | €28,053 | €23,070 | -€4,983 | -17.8% |
| Recurring financial charges | 65 | €28,053 | €23,070 | -€4,983 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €46,478 | €10,159 | -€36,319 | -78.1% |
| Income taxes | 67/77 | €4,479 | €1,155 | -€3,324 | -74.2% |
| Profit (loss) for the period | 9904 | €41,999 | €9,004 | -€32,996 | -78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,999 | €9,004 | -€32,996 | -78.6% |
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 7 October 2026 via checked.be.