VIALEC: 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.
VIALEC
Largest movements
- Cash +€324,937
up €324,937 (+176.7%), from €183,903 to €508,839
mainly Net result for the year (+€154,033) and Receivables within one year (+€151,370)
- Receivables within one year -€151,370
down €151,370 (-34.5%), from €438,246 to €286,876
- Tangible fixed assets -€12,253
down €12,253 (-23.9%), from €51,295 to €39,043
of which Plant, machinery and equipment: -€7,819
- Reserves +€110,957
up €110,957 (+14.8%), from €748,214 to €859,171
- Trade debts +€24,074
up €24,074 (+27.9%), from €86,204 to €110,278
- Tax, wage and social debts +€22,237
up €22,237 (+48.1%), from €46,208 to €68,445
of which Taxes: +€21,908
- Gross operating margin -€11,072
down €11,072 (-3.4%), from €325,563 to €314,492
- Financial income +€6,796
up €6,796 (+68.7%), from €9,896 to €16,692
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 | €908,110 | €1,065,275 | +€157,165 | +17.3% |
| Fixed assets | 21/28 | €59,019 | €43,382 | -€15,637 | -26.5% |
| Intangible fixed assets | 21 | €7,724 | €4,339 | -€3,385 | -43.8% |
| Tangible fixed assets | 22/27 | €51,295 | €39,043 | -€12,253 | -23.9% |
| Land and buildings | 22 | €39,180 | €36,364 | -€2,816 | -7.2% |
| Plant, machinery and equipment | 23 | €8,378 | €559 | -€7,819 | -93.3% |
| Furniture and vehicles | 24 | €3,738 | €2,120 | -€1,618 | -43.3% |
| Current assets | 29/58 | €849,091 | €1,021,893 | +€172,802 | +20.4% |
| Stocks and contracts in progress | 3 | €195,579 | €194,536 | -€1,042 | -0.5% |
| Stocks | 30/36 | €195,579 | €194,536 | -€1,042 | -0.5% |
| Amounts receivable within one year | 40/41 | €438,246 | €286,876 | -€151,370 | -34.5% |
| Trade receivables | 40 | €438,246 | €286,876 | -€151,370 | -34.5% |
| Current investments | 50/53 | €20,264 | €20,264 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €183,903 | €508,839 | +€324,937 | +176.7% |
| Deferred charges and accrued income | 490/1 | €11,099 | €11,378 | +€278 | +2.5% |
| Total equity and liabilities | 10/49 | €908,110 | €1,065,275 | +€157,165 | +17.3% |
| Equity | 10/15 | €773,214 | €884,171 | +€110,957 | +14.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €748,214 | €859,171 | +€110,957 | +14.8% |
| Distributable reserves | 133 | €748,214 | €859,171 | +€110,957 | +14.8% |
| Amounts payable | 17/49 | €134,896 | €181,104 | +€46,208 | +34.3% |
| Amounts payable within one year | 42/48 | €134,896 | €181,104 | +€46,208 | +34.3% |
| Trade debts | 44 | €86,204 | €110,278 | +€24,074 | +27.9% |
| Suppliers | 440/4 | €86,204 | €110,278 | +€24,074 | +27.9% |
| Taxes, remuneration and social security | 45 | €46,208 | €68,445 | +€22,237 | +48.1% |
| Taxes | 450/3 | €37,033 | €58,942 | +€21,908 | +59.2% |
| Remuneration and social security | 454/9 | €9,175 | €9,504 | +€328 | +3.6% |
| Other amounts payable | 47/48 | €2,483 | €2,381 | -€103 | -4.1% |
| Remuneration, social security and pensions | 62 | €83,510 | €86,008 | +€2,499 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,104 | €15,637 | -€467 | -2.9% |
| Other operating charges | 640/8 | €3,334 | €3,083 | -€251 | -7.5% |
| Gross operating margin | 9900 | €325,563 | €314,492 | -€11,072 | -3.4% |
| Operating profit (loss) | 9901 | €222,616 | €209,763 | -€12,853 | -5.8% |
| Financial income | 75/76B | €9,896 | €16,692 | +€6,796 | +68.7% |
| Recurring financial income | 75 | €9,896 | €16,692 | +€6,796 | +68.7% |
| Financial charges | 65/66B | €3,626 | €5,472 | +€1,846 | +50.9% |
| Recurring financial charges | 65 | €3,626 | €5,472 | +€1,846 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | €228,886 | €220,983 | -€7,903 | -3.5% |
| Income taxes | 67/77 | €69,478 | €66,950 | -€2,528 | -3.6% |
| Profit (loss) for the period | 9904 | €159,408 | €154,033 | -€5,374 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €159,408 | €154,033 | -€5,374 | -3.4% |
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 7 October 2026 via checked.be.