Viae Novae: 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.
Viae Novae
Largest movements
- Tangible fixed assets +€37,789
up €37,789 (+97.8%), from €38,636 to €76,425
of which Plant, machinery and equipment: +€40,774
- Cash -€36,379
down €36,379 (-55.7%), from €65,328 to €28,949
mainly Contributions, distributions and other (-€70,000) and Investment in fixed assets (net) (-€53,466)
- Receivables within one year -€11,671
down €11,671 (-40.2%), from €29,050 to €17,379
of which Other amounts receivable: -€14,572
- Profit (loss) carried forward -€27,777
down €27,777 (-34.8%), from €79,720 to €51,943
- Debts after one year +€21,122
new in 2025: €21,122
- Tax, wage and social debts -€12,908
down €12,908 (-33.7%), from €38,258 to €25,350
- Other debts +€9,262
new in 2025: €9,262
- Trade debts -€8,624
down €8,624 (-45.7%), from €18,864 to €10,240
- Gross operating margin -€52,921
down €52,921 (-42.3%), from €125,068 to €72,147
- Depreciation -€32,085
down €32,085 (-66.9%), from €47,995 to €15,910
- Taxes -€3,602
down €3,602 (-21.9%), from €16,475 to €12,873
- Financial income -€2,024
down €2,024 (-29.8%), from €6,788 to €4,764
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 | €137,942 | €127,238 | -€10,704 | -7.8% |
| Formation expenses | 20 | €233 | - | -€233 | |
| Fixed assets | 21/28 | €38,636 | €76,425 | +€37,789 | +97.8% |
| Tangible fixed assets | 22/27 | €38,636 | €76,425 | +€37,789 | +97.8% |
| Plant, machinery and equipment | 23 | €26,698 | €67,472 | +€40,774 | +153% |
| Furniture and vehicles | 24 | €11,938 | €8,953 | -€2,985 | -25.0% |
| Current assets | 29/58 | €99,073 | €50,813 | -€48,260 | -48.7% |
| Amounts receivable within one year | 40/41 | €29,050 | €17,379 | -€11,671 | -40.2% |
| Trade receivables | 40 | €14,069 | €16,970 | +€2,901 | +20.6% |
| Other amounts receivable | 41 | €14,981 | €409 | -€14,572 | -97.3% |
| Cash at bank and in hand | 54/58 | €65,328 | €28,949 | -€36,379 | -55.7% |
| Deferred charges and accrued income | 490/1 | €4,695 | €4,485 | -€210 | -4.5% |
| Total equity and liabilities | 10/49 | €137,942 | €127,238 | -€10,704 | -7.8% |
| Equity | 10/15 | €80,820 | €53,043 | -€27,777 | -34.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | - | -€100 | |
| Reserves not available under the articles | 1311 | €100 | - | -€100 | |
| Distributable reserves | 133 | - | €100 | +€100 | |
| Profit (loss) carried forward | 14 | €79,720 | €51,943 | -€27,777 | -34.8% |
| Amounts payable | 17/49 | €57,122 | €74,195 | +€17,073 | +29.9% |
| Amounts payable after more than one year | 17 | - | €21,122 | +€21,122 | |
| Financial debts | 170/4 | - | €21,122 | +€21,122 | |
| Amounts payable within one year | 42/48 | €57,122 | €53,073 | -€4,049 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | - | €8,221 | +€8,221 | |
| Trade debts | 44 | €18,864 | €10,240 | -€8,624 | -45.7% |
| Suppliers | 440/4 | €18,864 | €10,240 | -€8,624 | -45.7% |
| Taxes, remuneration and social security | 45 | €38,258 | €25,350 | -€12,908 | -33.7% |
| Taxes | 450/3 | €38,258 | €25,350 | -€12,908 | -33.7% |
| Other amounts payable | 47/48 | - | €9,262 | +€9,262 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,995 | €15,910 | -€32,085 | -66.9% |
| Other operating charges | 640/8 | €1,440 | €1,188 | -€252 | -17.5% |
| Gross operating margin | 9900 | €125,068 | €72,147 | -€52,921 | -42.3% |
| Operating profit (loss) | 9901 | €75,633 | €55,049 | -€20,584 | -27.2% |
| Financial income | 75/76B | €6,788 | €4,764 | -€2,024 | -29.8% |
| Recurring financial income | 75 | €6,788 | €4,764 | -€2,024 | -29.8% |
| Financial charges | 65/66B | €5,318 | €4,717 | -€601 | -11.3% |
| Recurring financial charges | 65 | €5,318 | €4,717 | -€601 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €77,103 | €55,096 | -€22,007 | -28.5% |
| Income taxes | 67/77 | €16,475 | €12,873 | -€3,602 | -21.9% |
| Profit (loss) for the period | 9904 | €60,628 | €42,223 | -€18,405 | -30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,628 | €42,223 | -€18,405 | -30.4% |
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 30 October 2026 via checked.be.