VIAGOS: 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.
VIAGOS
Largest movements
- Tangible fixed assets -€55,721
down €55,721 (-37.7%), from €147,846 to €92,126
of which Leasing and similar rights: -€30,665
- Cash +€49,574
up €49,574 (+10.2%), from €486,198 to €535,772
mainly Net result for the year (+€409,723) and Depreciation (+€73,615)
- Deferred charges and accrued income +€24,727
up €24,727 (+65.8%), from €37,598 to €62,325
- Reserves +€84,200
up €84,200 (+321.4%), from €26,200 to €110,400
of which Tax-exempt reserves: +€84,200
- Other debts -€45,043
down €45,043 (-11.7%), from €385,785 to €340,742
- Tax, wage and social debts -€17,583
down €17,583 (-17.8%), from €98,540 to €80,957
of which Taxes: -€23,791
- Debts after one year -€16,954
down €16,954 (-100.0%), from €16,954 to €0
- Staff costs +€24,111
up €24,111 (+3.8%), from €642,889 to €667,000
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 | €1,675,399 | €1,662,659 | -€12,739 | -0.8% |
| Fixed assets | 21/28 | €180,361 | €124,640 | -€55,721 | -30.9% |
| Tangible fixed assets | 22/27 | €147,846 | €92,126 | -€55,721 | -37.7% |
| Plant, machinery and equipment | 23 | €26,060 | €17,549 | -€8,511 | -32.7% |
| Furniture and vehicles | 24 | €63,706 | €70,948 | +€7,243 | +11.4% |
| Leasing and similar rights | 25 | €30,665 | €0 | -€30,665 | -100.0% |
| Other tangible fixed assets | 26 | €27,416 | €3,628 | -€23,788 | -86.8% |
| Financial fixed assets | 28 | €32,514 | €32,514 | = | 0.0% |
| Current assets | 29/58 | €1,495,038 | €1,538,019 | +€42,982 | +2.9% |
| Stocks and contracts in progress | 3 | €433,498 | €417,220 | -€16,278 | -3.8% |
| Stocks | 30/36 | €433,498 | €417,220 | -€16,278 | -3.8% |
| Amounts receivable within one year | 40/41 | €537,744 | €522,703 | -€15,042 | -2.8% |
| Trade receivables | 40 | €34,967 | €18,324 | -€16,643 | -47.6% |
| Other amounts receivable | 41 | €502,777 | €504,379 | +€1,601 | +0.3% |
| Cash at bank and in hand | 54/58 | €486,198 | €535,772 | +€49,574 | +10.2% |
| Deferred charges and accrued income | 490/1 | €37,598 | €62,325 | +€24,727 | +65.8% |
| Total equity and liabilities | 10/49 | €1,675,399 | €1,662,659 | -€12,739 | -0.8% |
| Equity | 10/15 | €394,616 | €479,338 | +€84,723 | +21.5% |
| Contributions | 10/11 | €262,000 | €262,000 | = | 0.0% |
| Capital | 10 | €262,000 | €262,000 | = | 0.0% |
| Issued capital | 100 | €262,000 | €262,000 | = | 0.0% |
| Reserves | 13 | €26,200 | €110,400 | +€84,200 | +321.4% |
| Non-distributable reserves | 130/1 | €26,200 | €26,200 | = | 0.0% |
| Legal reserve | 130 | €26,200 | €26,200 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €84,200 | +€84,200 | |
| Profit (loss) carried forward | 14 | €106,416 | €106,938 | +€523 | +0.5% |
| Amounts payable | 17/49 | €1,280,783 | €1,183,321 | -€97,462 | -7.6% |
| Amounts payable after more than one year | 17 | €16,954 | €0 | -€16,954 | -100.0% |
| Financial debts | 170/4 | €16,954 | €0 | -€16,954 | -100.0% |
| Amounts payable within one year | 42/48 | €1,263,228 | €1,183,321 | -€79,907 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €11,150 | €0 | -€11,150 | -100.0% |
| Trade debts | 44 | €767,753 | €761,622 | -€6,131 | -0.8% |
| Suppliers | 440/4 | €767,753 | €761,622 | -€6,131 | -0.8% |
| Taxes, remuneration and social security | 45 | €98,540 | €80,957 | -€17,583 | -17.8% |
| Taxes | 450/3 | €27,986 | €4,196 | -€23,791 | -85.0% |
| Remuneration and social security | 454/9 | €70,554 | €76,762 | +€6,208 | +8.8% |
| Other amounts payable | 47/48 | €385,785 | €340,742 | -€45,043 | -11.7% |
| Accrued charges and deferred income | 492/3 | €602 | €0 | -€602 | -100.0% |
| Remuneration, social security and pensions | 62 | €642,889 | €667,000 | +€24,111 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,395 | €73,615 | +€220 | +0.3% |
| Other operating charges | 640/8 | €11,350 | €14,838 | +€3,488 | +30.7% |
| Gross operating margin | 9900 | €1,298,730 | €1,309,322 | +€10,591 | +0.8% |
| Operating profit (loss) | 9901 | €571,096 | €553,868 | -€17,227 | -3.0% |
| Financial income | 75/76B | €20,350 | €20,350 | = | 0.0% |
| Recurring financial income | 75 | €20,350 | €20,350 | = | 0.0% |
| Financial charges | 65/66B | €12,229 | €23,124 | +€10,895 | +89.1% |
| Recurring financial charges | 65 | €12,229 | €23,124 | +€10,895 | +89.1% |
| Profit (loss) for the period before taxes | 9903 | €579,216 | €551,094 | -€28,122 | -4.9% |
| Income taxes | 67/77 | €148,419 | €141,371 | -€7,047 | -4.7% |
| Profit (loss) for the period | 9904 | €430,798 | €409,723 | -€21,075 | -4.9% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €430,798 | €325,523 | -€105,275 | -24.4% |
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 9 October 2026 via checked.be.