VIA SPA: 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.
What changed
VIA SPA
NACE 47.632, Retail sale of bicycles
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€113,203
2024 · €103,410+€9,793
Equity
€439,866
2024 · €374,063+€65,803
Cash
€79,491
2024 · €81,919-€2,427
Balance sheet total
€1.8m
2024 · €1.5m+€334,497
Largest movements
Assets
- Receivables within one year +€203,751
up €203,751 (+202%), from €100,836 to €304,587
of which Trade receivables: +€177,556
- Stocks and contracts +€161,089
up €161,089 (+20.7%), from €778,897 to €939,986
- Tangible fixed assets -€27,821
down €27,821 (-5.2%), from €531,140 to €503,318
of which Land and buildings: -€14,347
Equity and liabilities
- Trade debts +€248,751
up €248,751 (+122%), from €204,682 to €453,433
- Reserves +€65,803
up €65,803 (+21.0%), from €314,063 to €379,866
- Current portion of long-term debt +€23,219
up €23,219 (+47.7%), from €48,723 to €71,942
Income statement
- Gross operating margin +€52,410
up €52,410 (+19.3%), from €272,055 to €324,465
- Staff costs +€32,522
up €32,522 (+42.2%), from €77,151 to €109,673
- Write-downs +€26,625
up €26,625, from -€26,625 to €0
- Financial charges -€7,329
down €7,329 (-23.8%), from €30,767 to €23,438
- Financial income +€3,351
up €3,351 (+148%), from €2,266 to €5,617
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.
Result 2024
€103,410
Gross operating margin
+€52,410
Staff costs
-€32,522
Depreciation
+€3,008
Write-downs
-€26,625
Other operating charges
+€1,519
Financial income
+€3,351
Financial charges
+€7,329
Taxes
+€1,323
Result 2025
€113,203
raises the resultlowers the result
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.
From operations
+€23,678
Investment
-€13,108
Financing
-€12,997
Cash 2024
€81,919
From operations (derived)
+€23,678
Net result for the year
+€113,203
Depreciation
+€41,346
Stocks and contracts
-€161,089
Receivables within one year
-€203,751
Deferred charges and accrued income
-€323
Trade debts
+€248,751
Tax, wage and social debts
-€14,896
Other debts
+€2,635
Accrued charges and deferred income
-€2,198
Investment (derived)
-€13,108
Investment in fixed assets (net)
-€13,108
Financing
-€12,997
Debts after one year
+€11,184
Current portion of long-term debt
+€23,219
Contributions, distributions and other
-€47,400
Cash 2025
€79,491
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,498,276 | €1,832,772 | +€334,497 | +22.3% |
| Fixed assets | 21/28 | €531,706 | €503,468 | -€28,238 | -5.3% |
| Intangible fixed assets | 21 | €566 | €150 | -€417 | -73.6% |
| Tangible fixed assets | 22/27 | €531,140 | €503,318 | -€27,821 | -5.2% |
| Land and buildings | 22 | €450,876 | €436,528 | -€14,347 | -3.2% |
| Plant, machinery and equipment | 23 | €2,179 | €9,203 | +€7,024 | +322% |
| Furniture and vehicles | 24 | €27,195 | €15,106 | -€12,089 | -44.5% |
| Other tangible fixed assets | 26 | €50,890 | €42,481 | -€8,409 | -16.5% |
| Current assets | 29/58 | €966,570 | €1,329,304 | +€362,735 | +37.5% |
| Stocks and contracts in progress | 3 | €778,897 | €939,986 | +€161,089 | +20.7% |
| Stocks | 30/36 | €778,897 | €939,986 | +€161,089 | +20.7% |
| Amounts receivable within one year | 40/41 | €100,836 | €304,587 | +€203,751 | +202% |
| Trade receivables | 40 | €100,836 | €278,392 | +€177,556 | +176% |
| Other amounts receivable | 41 | - | €26,195 | +€26,195 | |
| Cash at bank and in hand | 54/58 | €81,919 | €79,491 | -€2,427 | -3.0% |
| Deferred charges and accrued income | 490/1 | €4,918 | €5,240 | +€323 | +6.6% |
| Total equity and liabilities | 10/49 | €1,498,276 | €1,832,772 | +€334,497 | +22.3% |
| Equity | 10/15 | €374,063 | €439,866 | +€65,803 | +17.6% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €314,063 | €379,866 | +€65,803 | +21.0% |
| Distributable reserves | 133 | €314,063 | €379,866 | +€65,803 | +21.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,124,212 | €1,392,906 | +€268,694 | +23.9% |
| Amounts payable after more than one year | 17 | €344,303 | €355,487 | +€11,184 | +3.2% |
| Financial debts | 170/4 | €344,303 | €355,487 | +€11,184 | +3.2% |
| Amounts payable within one year | 42/48 | €773,145 | €1,032,853 | +€259,708 | +33.6% |
| Current portion of amounts payable after more than one year | 42 | €48,723 | €71,942 | +€23,219 | +47.7% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €204,682 | €453,433 | +€248,751 | +122% |
| Suppliers | 440/4 | €204,682 | €453,433 | +€248,751 | +122% |
| Taxes, remuneration and social security | 45 | €121,956 | €107,060 | -€14,896 | -12.2% |
| Taxes | 450/3 | €107,869 | €82,626 | -€25,243 | -23.4% |
| Remuneration and social security | 454/9 | €14,087 | €24,434 | +€10,347 | +73.4% |
| Other amounts payable | 47/48 | €197,783 | €200,418 | +€2,635 | +1.3% |
| Accrued charges and deferred income | 492/3 | €6,764 | €4,566 | -€2,198 | -32.5% |
| Remuneration, social security and pensions | 62 | €77,151 | €109,673 | +€32,522 | +42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,354 | €41,346 | -€3,008 | -6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€26,625 | €0 | +€26,625 | |
| Other operating charges | 640/8 | €3,556 | €2,037 | -€1,519 | -42.7% |
| Gross operating margin | 9900 | €272,055 | €324,465 | +€52,410 | +19.3% |
| Operating profit (loss) | 9901 | €173,620 | €171,410 | -€2,210 | -1.3% |
| Financial income | 75/76B | €2,266 | €5,617 | +€3,351 | +148% |
| Recurring financial income | 75 | €2,266 | €5,617 | +€3,351 | +148% |
| Financial charges | 65/66B | €30,767 | €23,438 | -€7,329 | -23.8% |
| Recurring financial charges | 65 | €30,767 | €23,438 | -€7,329 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €145,119 | €153,588 | +€8,470 | +5.8% |
| Income taxes | 67/77 | €41,709 | €40,386 | -€1,323 | -3.2% |
| Profit (loss) for the period | 9904 | €103,410 | €113,203 | +€9,793 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €103,410 | €113,203 | +€9,793 | +9.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.