VIADEM: 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.
VIADEM
Largest movements
- Tangible fixed assets -€14,377
down €14,377 (-4.6%), from €315,357 to €300,980
of which Land and buildings: -€7,606
- Cash +€7,709
up €7,709 (+15.6%), from €49,396 to €57,105
mainly Depreciation (+€22,737) and Net result for the year (+€2,854)
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€12,750
up €12,750, from -€6,425 to €6,325
- Gross operating margin +€6,630
up €6,630 (+19.5%), from €33,962 to €40,593
- Taxes -€1,935
down €1,935, from €1,795 to -€140
- Depreciation +€740
up €740 (+3.4%), from €21,997 to €22,737
- Financial income -€466
down €466 (-8.2%), from €5,699 to €5,233
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 | €629,949 | €628,126 | -€1,823 | -0.3% |
| Fixed assets | 21/28 | €315,357 | €300,980 | -€14,377 | -4.6% |
| Tangible fixed assets | 22/27 | €315,357 | €300,980 | -€14,377 | -4.6% |
| Land and buildings | 22 | €156,896 | €149,291 | -€7,606 | -4.8% |
| Other tangible fixed assets | 26 | €158,461 | €151,690 | -€6,771 | -4.3% |
| Current assets | 29/58 | €314,592 | €327,145 | +€12,554 | +4.0% |
| Amounts receivable within one year | 40/41 | €1,500 | €1,500 | = | 0.0% |
| Other amounts receivable | 41 | €1,500 | €1,500 | = | 0.0% |
| Current investments | 50/53 | €261,235 | €264,897 | +€3,661 | +1.4% |
| Cash at bank and in hand | 54/58 | €49,396 | €57,105 | +€7,709 | +15.6% |
| Deferred charges and accrued income | 490/1 | €2,460 | €3,644 | +€1,184 | +48.1% |
| Total equity and liabilities | 10/49 | €629,949 | €628,126 | -€1,823 | -0.3% |
| Equity | 10/15 | €529,675 | €532,529 | +€2,854 | +0.5% |
| Contributions | 10/11 | €444,000 | €444,000 | = | 0.0% |
| Capital | 10 | €444,000 | €444,000 | = | 0.0% |
| Issued capital | 100 | €444,000 | €444,000 | = | 0.0% |
| Reserves | 13 | €85,675 | €88,529 | +€2,854 | +3.3% |
| Non-distributable reserves | 130/1 | €22,110 | €26,521 | +€4,411 | +19.9% |
| Legal reserve | 130 | €22,110 | €26,521 | +€4,411 | +19.9% |
| Tax-exempt reserves | 132 | €19,200 | €17,644 | -€1,557 | -8.1% |
| Distributable reserves | 133 | €44,365 | €44,365 | = | 0.0% |
| Provisions and deferred taxes | 16 | €6,400 | €5,881 | -€519 | -8.1% |
| Deferred taxes | 168 | €6,400 | €5,881 | -€519 | -8.1% |
| Amounts payable | 17/49 | €93,873 | €89,715 | -€4,158 | -4.4% |
| Amounts payable within one year | 42/48 | €87,719 | €83,268 | -€4,451 | -5.1% |
| Trade debts | 44 | €384 | €400 | +€15 | +4.0% |
| Suppliers | 440/4 | €384 | €400 | +€15 | +4.0% |
| Other amounts payable | 47/48 | €87,334 | €82,868 | -€4,466 | -5.1% |
| Accrued charges and deferred income | 492/3 | €6,155 | €6,447 | +€293 | +4.8% |
| Non-recurring operating income | 76A | €5,399 | €0 | -€5,399 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,997 | €22,737 | +€740 | +3.4% |
| Other operating charges | 640/8 | €14,323 | €14,569 | +€246 | +1.7% |
| Gross operating margin | 9900 | €33,962 | €40,593 | +€6,630 | +19.5% |
| Operating profit (loss) | 9901 | -€2,358 | €3,287 | +€5,645 | |
| Financial income | 75/76B | €5,699 | €5,233 | -€466 | -8.2% |
| Recurring financial income | 75 | €5,699 | €5,233 | -€466 | -8.2% |
| Financial charges | 65/66B | -€6,425 | €6,325 | +€12,750 | |
| Recurring financial charges | 65 | -€6,425 | €6,325 | +€12,750 | |
| Profit (loss) for the period before taxes | 9903 | €9,767 | €2,195 | -€7,572 | -77.5% |
| Transfer from deferred taxes | 780 | €519 | €519 | = | 0.0% |
| Income taxes | 67/77 | €1,795 | -€140 | -€1,935 | |
| Profit (loss) for the period | 9904 | €8,491 | €2,854 | -€5,637 | -66.4% |
| Transfer from tax-exempt reserves | 789 | €1,557 | €1,557 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,048 | €4,411 | -€5,637 | -56.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.