VIAFRITES: 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.
What changed
VIAFRITES
NACE 10.311, Manufacture of food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.3m
2024 · €1.3m+€1.0m
Equity
€13.9m
2024 · €11.9m+€2.0m
Cash
€5.3m
2024 · €1.5m+€3.8m
Balance sheet total
€34.2m
2024 · €36.0m-€1.8m
Largest movements
Assets
- Cash +€3.8m
up €3.8m (+246.9%), from €1.5m to €5.3m
mainly Depreciation (+€4.4m) and Current investments (+€2.5m)
- Tangible fixed assets -€3.6m
down €3.6m (-15.9%), from €22.7m to €19.1m
of which Leasing and similar rights: -€4.0m
- Current investments -€2.5m
down €2.5m (-100.0%), from €2.5m to €0
- Deferred charges and accrued income +€645,941
up €645,941 (+437.4%), from €147,667 to €793,608
Equity and liabilities
- Debts after one year -€2.8m
down €2.8m (-18.3%), from €15.1m to €12.4m
- Reserves +€2.3m
up €2.3m (+27.7%), from €8.2m to €10.5m
of which Distributable reserves: +€1.7m
- Trade debts -€1.1m
down €1.1m (-23.9%), from €4.6m to €3.5m
Income statement
- Turnover +€34.9m
new in 2025: €34.9m
- Goods and materials +€15.1m
new in 2025: €15.1m
of which Purchases: +€15.3m
- Services and other goods +€10.6m
new in 2025: €10.6m
- Gross operating margin -€6.4m
no longer reported in 2025 (was €6.4m)
- Depreciation +€1.2m
up €1.2m (+37.8%), from €3.2m to €4.4m
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
€1.3m
Turnover
+€34.9m
Other operating income
+€305,088
Goods and materials
-€15.1m
Services and other goods
-€10.6m
Staff costs
-€448,376
Depreciation
-€1.2m
Write-downs
-€270,294
Other operating charges
+€715,275
Other operating items
-€6.9m
Financial income
-€13,265
Financial charges
-€120,596
Taxes
-€252,220
Result 2025
€2.3m
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.
From operations
+€5.1m
Investment
+€1.7m
Financing
-€3.0m
Cash 2024
€1.5m
From operations (derived)
+€5.1m
Net result for the year
+€2.3m
Depreciation
+€4.4m
Stocks and contracts
-€121,915
Receivables within one year
+€201,883
Deferred charges and accrued income
-€645,941
Trade debts
-€1.1m
Tax, wage and social debts
+€43,774
Advances received
+€101,781
Other debts
-€29,264
Accrued charges and deferred income
-€51,045
Investment (derived)
+€1.7m
Investment in fixed assets (net)
-€823,999
Current investments
+€2.5m
Financing
-€3.0m
Debts after one year
-€2.8m
Current portion of long-term debt
+€63,177
Contributions, distributions and other
-€308,468
Cash 2025
€5.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,995,082 | €34,213,678 | -€1.8m | -4.9% |
| Fixed assets | 21/28 | €22,754,999 | €19,152,989 | -€3.6m | -15.8% |
| Intangible fixed assets | 21 | €6,805 | €5,945 | -€860 | -12.6% |
| Tangible fixed assets | 22/27 | €22,736,965 | €19,112,144 | -€3.6m | -15.9% |
| Plant, machinery and equipment | 23 | €1,649,312 | €2,027,434 | +€378,122 | +22.9% |
| Furniture and vehicles | 24 | €383,900 | €456,080 | +€72,180 | +18.8% |
| Leasing and similar rights | 25 | €20,047,552 | €16,018,128 | -€4.0m | -20.1% |
| Other tangible fixed assets | 26 | €656,200 | €610,503 | -€45,698 | -7.0% |
| Financial fixed assets | 28 | €11,230 | €34,900 | +€23,670 | +210.8% |
| Affiliated companies | 280/1 | - | €25,000 | +€25,000 | |
| Participating interests | 280 | - | €25,000 | +€25,000 | |
| Other financial fixed assets | 284/8 | - | €9,900 | +€9,900 | |
| Amounts receivable and cash guarantees | 285/8 | - | €9,900 | +€9,900 | |
| Current assets | 29/58 | €13,240,083 | €15,060,689 | +€1.8m | +13.8% |
| Stocks and contracts in progress | 3 | €764,003 | €885,919 | +€121,915 | +16.0% |
| Stocks | 30/36 | €764,003 | €885,919 | +€121,915 | +16.0% |
| Raw materials and consumables | 30/31 | - | €856,254 | +€856,254 | |
| Finished goods | 33 | - | €29,665 | +€29,665 | |
| Amounts receivable within one year | 40/41 | €8,307,955 | €8,106,072 | -€201,883 | -2.4% |
| Trade receivables | 40 | €5,931,668 | €6,340,745 | +€409,077 | +6.9% |
| Other amounts receivable | 41 | €2,376,287 | €1,765,327 | -€610,960 | -25.7% |
| Current investments | 50/53 | €2,500,000 | €0 | -€2.5m | -100.0% |
| Other investments | 51/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €1,520,458 | €5,275,091 | +€3.8m | +246.9% |
| Deferred charges and accrued income | 490/1 | €147,667 | €793,608 | +€645,941 | +437.4% |
| Total equity and liabilities | 10/49 | €35,995,082 | €34,213,678 | -€1.8m | -4.9% |
| Equity | 10/15 | €11,947,471 | €13,920,376 | +€2.0m | +16.5% |
| Contributions | 10/11 | €2,518,600 | €2,518,600 | = | 0.0% |
| Reserves | 13 | €8,247,930 | €10,529,304 | +€2.3m | +27.7% |
| Tax-exempt reserves | 132 | €637,226 | €1,184,526 | +€547,300 | +85.9% |
| Distributable reserves | 133 | €7,610,705 | €9,344,778 | +€1.7m | +22.8% |
| Investment grants | 15 | €1,180,940 | €872,473 | -€308,468 | -26.1% |
| Amounts payable | 17/49 | €24,047,611 | €20,293,302 | -€3.8m | -15.6% |
| Amounts payable after more than one year | 17 | €15,134,532 | €12,361,218 | -€2.8m | -18.3% |
| Financial debts | 170/4 | €15,134,532 | €12,361,218 | -€2.8m | -18.3% |
| Leasing and similar obligations | 172 | - | €12,361,218 | +€12.4m | |
| Amounts payable within one year | 42/48 | €8,720,330 | €7,790,378 | -€929,951 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €2,710,137 | €2,773,313 | +€63,177 | +2.3% |
| Trade debts | 44 | €4,649,595 | €3,540,175 | -€1.1m | -23.9% |
| Suppliers | 440/4 | €4,649,595 | €3,540,175 | -€1.1m | -23.9% |
| Advances received on contracts in progress | 46 | - | €101,781 | +€101,781 | |
| Taxes, remuneration and social security | 45 | €251,334 | €295,109 | +€43,774 | +17.4% |
| Taxes | 450/3 | €29,633 | €40,631 | +€10,999 | +37.1% |
| Remuneration and social security | 454/9 | €221,702 | €254,477 | +€32,776 | +14.8% |
| Other amounts payable | 47/48 | €1,109,264 | €1,080,000 | -€29,264 | -2.6% |
| Accrued charges and deferred income | 492/3 | €192,750 | €141,705 | -€51,045 | -26.5% |
| Operating income | 70/76A | - | €35,151,493 | +€35.2m | |
| Turnover | 70 | - | €34,944,787 | +€34.9m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | -€138,243 | -€138,243 | |
| Other operating income | 74 | - | €305,088 | +€305,088 | |
| Non-recurring operating income | 76A | €62,573 | €39,861 | -€22,712 | -36.3% |
| Operating charges | 60/66A | - | €32,193,954 | +€32.2m | |
| Goods for resale, raw materials and consumables | 60 | - | €15,131,938 | +€15.1m | |
| Purchases | 600/8 | - | €15,292,097 | +€15.3m | |
| Change in stocks: decrease (increase) | 609 | - | -€160,158 | -€160,158 | |
| Services and other goods | 61 | - | €10,596,661 | +€10.6m | |
| Remuneration, social security and pensions | 62 | €915,489 | €1,363,865 | +€448,376 | +49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,212,151 | €4,426,009 | +€1.2m | +37.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€338 | €269,956 | +€270,294 | |
| Other operating charges | 640/8 | €757,518 | €42,243 | -€715,275 | -94.4% |
| Non-recurring operating charges | 66A | - | €363,281 | +€363,281 | |
| Gross operating margin | 9900 | €6,446,033 | - | -€6.4m | |
| Operating profit (loss) | 9901 | €1,561,214 | €2,957,540 | +€1.4m | +89.4% |
| Financial income | 75/76B | €569,885 | €556,621 | -€13,265 | -2.3% |
| Recurring financial income | 75 | €569,885 | €556,621 | -€13,265 | -2.3% |
| Income from current assets | 751 | - | €137,429 | +€137,429 | |
| Other financial income | 752/9 | - | €419,191 | +€419,191 | |
| Financial charges | 65/66B | €768,761 | €889,358 | +€120,596 | +15.7% |
| Recurring financial charges | 65 | €768,761 | €889,358 | +€120,596 | +15.7% |
| Debt charges | 650 | - | €604,012 | +€604,012 | |
| Other financial charges | 652/9 | - | €285,345 | +€285,345 | |
| Profit (loss) for the period before taxes | 9903 | €1,362,338 | €2,624,803 | +€1.3m | +92.7% |
| Income taxes | 67/77 | €91,209 | €343,429 | +€252,220 | +276.5% |
| Taxes | 670/3 | - | €343,429 | +€343,429 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €1,271,129 | €2,281,373 | +€1.0m | +79.5% |
| Transfer to tax-exempt reserves | 689 | €399,950 | €547,300 | +€147,350 | +36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €871,179 | €1,734,073 | +€862,895 | +99.0% |
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 1 October 2026 via checked.be.