Viaganda: 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.
Viaganda
Largest movements
- Stocks and contracts -€2.4m
no longer reported in 2025 (was €2.4m)
- Cash +€374,036
up €374,036 (+111.0%), from €336,949 to €710,985
mainly Stocks and contracts (+€2.4m) and Net result for the year (+€13,718)
- Receivables within one year +€127,938
up €127,938 (+191.1%), from €66,936 to €194,874
of which Trade receivables: +€75,239
- Accrued charges and deferred income -€1.8m
no longer reported in 2025 (was €1.8m)
- Gross operating margin +€35,712
up €35,712, from -€7,285 to €28,427
- Financial charges +€8,584
new in 2025: €8,584
- Other operating charges +€5,465
up €5,465 (+900.3%), from €607 to €6,072
- Taxes +€2,877
new in 2025: €2,877
- Financial income -€2,220
down €2,220 (-44.0%), from €5,044 to €2,824
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 | €2,761,882 | €905,859 | -€1.9m | -67.2% |
| Current assets | 29/58 | €2,761,882 | €905,859 | -€1.9m | -67.2% |
| Stocks and contracts in progress | 3 | €2,357,997 | - | -€2.4m | |
| Stocks | 30/36 | €2,357,997 | - | -€2.4m | |
| Amounts receivable within one year | 40/41 | €66,936 | €194,874 | +€127,938 | +191.1% |
| Trade receivables | 40 | €63,936 | €139,175 | +€75,239 | +117.7% |
| Other amounts receivable | 41 | €3,000 | €55,699 | +€52,699 | +1756.6% |
| Cash at bank and in hand | 54/58 | €336,949 | €710,985 | +€374,036 | +111.0% |
| Total equity and liabilities | 10/49 | €2,761,882 | €905,859 | -€1.9m | -67.2% |
| Equity | 10/15 | €6,875 | €20,593 | +€13,718 | +199.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €10,593 | +€10,593 | |
| Distributable reserves | 133 | - | €10,593 | +€10,593 | |
| Profit (loss) carried forward | 14 | -€3,125 | - | +€3,125 | |
| Amounts payable | 17/49 | €2,755,007 | €885,266 | -€1.9m | -67.9% |
| Amounts payable within one year | 42/48 | €937,607 | €885,266 | -€52,341 | -5.6% |
| Trade debts | 44 | €123,484 | €98,649 | -€24,835 | -20.1% |
| Suppliers | 440/4 | €123,484 | €98,649 | -€24,835 | -20.1% |
| Taxes, remuneration and social security | 45 | €13,540 | €12,586 | -€954 | -7.0% |
| Taxes | 450/3 | €13,540 | €12,586 | -€954 | -7.0% |
| Other amounts payable | 47/48 | €800,583 | €774,031 | -€26,552 | -3.3% |
| Accrued charges and deferred income | 492/3 | €1,817,400 | - | -€1.8m | |
| Other operating charges | 640/8 | €607 | €6,072 | +€5,465 | +900.3% |
| Gross operating margin | 9900 | -€7,285 | €28,427 | +€35,712 | |
| Operating profit (loss) | 9901 | -€7,892 | €22,355 | +€30,247 | |
| Financial income | 75/76B | €5,044 | €2,824 | -€2,220 | -44.0% |
| Recurring financial income | 75 | €5,044 | €2,824 | -€2,220 | -44.0% |
| Financial charges | 65/66B | - | €8,584 | +€8,584 | |
| Recurring financial charges | 65 | - | €8,584 | +€8,584 | |
| Profit (loss) for the period before taxes | 9903 | -€2,848 | €16,595 | +€19,443 | |
| Income taxes | 67/77 | - | €2,877 | +€2,877 | |
| Profit (loss) for the period | 9904 | -€2,848 | €13,718 | +€16,566 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,848 | €13,718 | +€16,566 |
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 8 October 2026 via checked.be.