VIAL: 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.
VIAL
Largest movements
- Tangible fixed assets -€15,905
down €15,905 (-9.1%), from €174,811 to €158,907
of which Land and buildings: -€19,199
- Other debts -€16,176
down €16,176 (-41.5%), from €38,963 to €22,788
- Profit (loss) carried forward +€4,109
up €4,109 (+36.2%), from -€11,363 to -€7,254
- Trade debts -€2,823
down €2,823 (-64.6%), from €4,371 to €1,548
- Gross operating margin +€6,925
up €6,925 (+31.9%), from €21,722 to €28,647
- Depreciation -€729
down €729 (-3.2%), from €22,828 to €22,099
- Other operating charges -€589
down €589 (-24.9%), from €2,369 to €1,780
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 | €176,684 | €161,820 | -€14,865 | -8.4% |
| Fixed assets | 21/28 | €174,811 | €158,907 | -€15,905 | -9.1% |
| Tangible fixed assets | 22/27 | €174,811 | €158,907 | -€15,905 | -9.1% |
| Land and buildings | 22 | €172,814 | €153,615 | -€19,199 | -11.1% |
| Furniture and vehicles | 24 | €1,997 | €5,292 | +€3,294 | +165% |
| Current assets | 29/58 | €1,873 | €2,913 | +€1,040 | +55.5% |
| Cash at bank and in hand | 54/58 | €566 | €1,198 | +€632 | +112% |
| Deferred charges and accrued income | 490/1 | €1,307 | €1,715 | +€408 | +31.2% |
| Total equity and liabilities | 10/49 | €176,684 | €161,820 | -€14,865 | -8.4% |
| Equity | 10/15 | €129,250 | €133,359 | +€4,109 | +3.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €79,113 | €79,113 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,113 | €16,113 | = | 0.0% |
| Legal reserve | 130 | €16,113 | €16,113 | = | 0.0% |
| Distributable reserves | 133 | €63,000 | €63,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,363 | -€7,254 | +€4,109 | +36.2% |
| Provisions and deferred taxes | 16 | €908 | €1,089 | +€182 | +20.0% |
| Provisions for liabilities and charges | 160/5 | €908 | €1,089 | +€182 | +20.0% |
| Other liabilities and charges | 164/5 | €908 | €1,089 | +€182 | +20.0% |
| Amounts payable | 17/49 | €46,527 | €27,372 | -€19,155 | -41.2% |
| Amounts payable within one year | 42/48 | €46,527 | €27,372 | -€19,155 | -41.2% |
| Trade debts | 44 | €4,371 | €1,548 | -€2,823 | -64.6% |
| Suppliers | 440/4 | €4,371 | €1,548 | -€2,823 | -64.6% |
| Taxes, remuneration and social security | 45 | €3,192 | €3,036 | -€156 | -4.9% |
| Taxes | 450/3 | €3,192 | €3,036 | -€156 | -4.9% |
| Other amounts payable | 47/48 | €38,963 | €22,788 | -€16,176 | -41.5% |
| Non-recurring operating income | 76A | - | €9,250 | +€9,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,828 | €22,099 | -€729 | -3.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€91 | €182 | +€272 | |
| Other operating charges | 640/8 | €2,369 | €1,780 | -€589 | -24.9% |
| Gross operating margin | 9900 | €21,722 | €28,647 | +€6,925 | +31.9% |
| Operating profit (loss) | 9901 | -€3,384 | €4,587 | +€7,971 | |
| Financial charges | 65/66B | €438 | €478 | +€39 | +9.0% |
| Recurring financial charges | 65 | €438 | €478 | +€39 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,822 | €4,109 | +€7,931 | |
| Profit (loss) for the period | 9904 | -€3,822 | €4,109 | +€7,931 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,822 | €4,109 | +€7,931 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.