VIADEL: 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.
VIADEL
Largest movements
- Tangible fixed assets -€25,080
no longer reported in 2025 (was €25,080)
- Receivables within one year +€23,885
up €23,885 (+4.6%), from €518,132 to €542,017
- Intangible fixed assets +€22,838
new in 2025: €22,838
- Profit (loss) carried forward +€20,915
up €20,915 (+79.0%), from €26,485 to €47,400
- Financial income -€1,968
down €1,968 (-6.4%), from €30,693 to €28,725
- Depreciation -€1,110
down €1,110 (-33.1%), from €3,351 to €2,241
- Gross operating margin +€430
up €430 (+12.5%), from -€3,441 to -€3,011
- Other operating charges +€74
up €74 (+3.0%), from €2,484 to €2,558
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 | €543,212 | €564,856 | +€21,644 | +4.0% |
| Fixed assets | 21/28 | €25,080 | €22,838 | -€2,241 | -8.9% |
| Intangible fixed assets | 21 | - | €22,838 | +€22,838 | |
| Tangible fixed assets | 22/27 | €25,080 | - | -€25,080 | |
| Land and buildings | 22 | €25,080 | - | -€25,080 | |
| Current assets | 29/58 | €518,132 | €542,017 | +€23,885 | +4.6% |
| Amounts receivable within one year | 40/41 | €518,132 | €542,017 | +€23,885 | +4.6% |
| Other amounts receivable | 41 | €518,132 | €542,017 | +€23,885 | +4.6% |
| Total equity and liabilities | 10/49 | €543,212 | €564,856 | +€21,644 | +4.0% |
| Equity | 10/15 | €542,698 | €563,613 | +€20,915 | +3.9% |
| Contributions | 10/11 | €470,105 | €470,105 | = | 0.0% |
| Capital | 10 | €461,082 | €461,082 | = | 0.0% |
| Issued capital | 100 | €461,082 | €461,082 | = | 0.0% |
| Outside capital | 11 | €9,023 | €9,023 | = | 0.0% |
| Share premium | 1100/10 | €9,023 | €9,023 | = | 0.0% |
| Reserves | 13 | €46,108 | €46,108 | = | 0.0% |
| Non-distributable reserves | 130/1 | €46,108 | €46,108 | = | 0.0% |
| Legal reserve | 130 | €46,108 | €46,108 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,485 | €47,400 | +€20,915 | +79.0% |
| Amounts payable | 17/49 | €513 | €1,242 | +€729 | +142.0% |
| Amounts payable within one year | 42/48 | €513 | €1,242 | +€729 | +142.0% |
| Trade debts | 44 | €513 | €1,242 | +€729 | +142.0% |
| Suppliers | 440/4 | €513 | €1,242 | +€729 | +142.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,351 | €2,241 | -€1,110 | -33.1% |
| Other operating charges | 640/8 | €2,484 | €2,558 | +€74 | +3.0% |
| Gross operating margin | 9900 | -€3,441 | -€3,011 | +€430 | +12.5% |
| Operating profit (loss) | 9901 | -€9,276 | -€7,810 | +€1,466 | +15.8% |
| Financial income | 75/76B | €30,693 | €28,725 | -€1,968 | -6.4% |
| Recurring financial income | 75 | €30,693 | €28,725 | -€1,968 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €21,418 | €20,915 | -€502 | -2.3% |
| Profit (loss) for the period | 9904 | €21,418 | €20,915 | -€502 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,418 | €20,915 | -€502 | -2.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.