VIALEGIS: 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.
What changed
VIALEGIS
NACE 78.100, Employment placement agencies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€987,198
2024 · €51,163+€936,035
Equity
€2.0m
2024 · €4.5m-€2.5m
Cash
€3.4m
2024 · €5.5m-€2.1m
Balance sheet total
€13.7m
2024 · €12.7m+€1.0m
Largest movements
Assets
- Receivables within one year +€4.2m
up €4.2m (+115%), from €3.7m to €7.9m
of which Other amounts receivable: +€5.0m
- Cash -€2.1m
down €2.1m (-37.9%), from €5.5m to €3.4m
mainly Receivables within one year (-€4.2m) and Contributions, distributions and other (-€3.5m)
- Financial fixed assets -€1.2m
down €1.2m (-35.3%), from €3.3m to €2.1m
of which Affiliated companies: -€1.2m
Equity and liabilities
- Other debts +€3.3m
up €3.3m (+1,300%), from €250,000 to €3.5m
- Reserves -€2.5m
down €2.5m (-57.0%), from €4.4m to €1.9m
of which Distributable reserves: -€2.5m
- Tax, wage and social debts +€707,291
up €707,291 (+111%), from €635,407 to €1.3m
of which Taxes: +€714,409
- Current portion of long-term debt -€307,332
down €307,332 (-19.5%), from €1.6m to €1.3m
Income statement
- Financial charges -€522,195
down €522,195 (-28.2%), from €1.9m to €1.3m
of which Non-recurring financial charges: -€329,767
- Depreciation -€415,746
down €415,746 (-91.5%), from €454,567 to €38,821
- Services and other goods -€280,344
down €280,344 (-1.9%), from €14.7m to €14.4m
- Taxes +€198,962
up €198,962 (+38.8%), from €512,381 to €711,343
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
€51,163
Turnover
-€26,914
Other operating income
+€32,469
Services and other goods
+€280,344
Staff costs
+€49,416
Depreciation
+€415,746
Write-downs
-€11,133
Other operating charges
+€5,168
Financial income
-€132,295
Financial charges
+€522,195
Taxes
-€198,962
Result 2025
€987,198
raises the resultlowers the result
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.
From operations
+€583,318
Investment
+€1.1m
Financing
-€3.8m
Cash 2024
€5.5m
From operations (derived)
+€583,318
Net result for the year
+€987,198
Depreciation
+€38,821
Receivables within one year
-€4.2m
Deferred charges and accrued income
-€61,241
Trade debts
-€114,106
Tax, wage and social debts
+€707,291
Other debts
+€3.3m
Accrued charges and deferred income
+€2,757
Investment (derived)
+€1.1m
Investment in fixed assets (net)
+€1.1m
Financing
-€3.8m
Current portion of long-term debt
-€307,332
Contributions, distributions and other
-€3.5m
Cash 2025
€3.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,717,807 | €13,743,614 | +€1.0m | +8.1% |
| Fixed assets | 21/28 | €3,334,798 | €2,165,311 | -€1.2m | -35.1% |
| Intangible fixed assets | 21 | €59,467 | €41,260 | -€18,206 | -30.6% |
| Tangible fixed assets | 22/27 | €530 | €4,015 | +€3,485 | +657% |
| Plant, machinery and equipment | 23 | €530 | €4,015 | +€3,485 | +657% |
| Financial fixed assets | 28 | €3,274,801 | €2,120,036 | -€1.2m | -35.3% |
| Affiliated companies | 280/1 | €3,272,601 | €2,120,036 | -€1.2m | -35.2% |
| Participating interests | 280 | €3,272,601 | €2,120,036 | -€1.2m | -35.2% |
| Other financial fixed assets | 284/8 | €2,200 | - | -€2,200 | |
| Amounts receivable and cash guarantees | 285/8 | €2,200 | - | -€2,200 | |
| Current assets | 29/58 | €9,383,009 | €11,578,303 | +€2.2m | +23.4% |
| Amounts receivable within one year | 40/41 | €3,667,529 | €7,894,931 | +€4.2m | +115% |
| Trade receivables | 40 | €3,087,364 | €2,358,494 | -€728,870 | -23.6% |
| Other amounts receivable | 41 | €580,165 | €5,536,437 | +€5.0m | +854% |
| Cash at bank and in hand | 54/58 | €5,523,308 | €3,429,961 | -€2.1m | -37.9% |
| Deferred charges and accrued income | 490/1 | €192,171 | €253,412 | +€61,241 | +31.9% |
| Total equity and liabilities | 10/49 | €12,717,807 | €13,743,614 | +€1.0m | +8.1% |
| Equity | 10/15 | €4,472,650 | €1,959,847 | -€2.5m | -56.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €4,410,650 | €1,897,847 | -€2.5m | -57.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,750 | €31,750 | = | 0.0% |
| Distributable reserves | 133 | €4,372,700 | €1,859,897 | -€2.5m | -57.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €8,245,157 | €11,783,767 | +€3.5m | +42.9% |
| Amounts payable after more than one year | 17 | €4,000,002 | €4,000,002 | = | 0.0% |
| Financial debts | 170/4 | €4,000,002 | €4,000,002 | = | 0.0% |
| Other loans | 174 | €4,000,002 | €4,000,002 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,903,736 | €7,439,589 | +€3.5m | +90.6% |
| Current portion of amounts payable after more than one year | 42 | €1,575,000 | €1,267,668 | -€307,332 | -19.5% |
| Trade debts | 44 | €1,443,329 | €1,329,223 | -€114,106 | -7.9% |
| Suppliers | 440/4 | €1,443,329 | €1,329,223 | -€114,106 | -7.9% |
| Taxes, remuneration and social security | 45 | €635,407 | €1,342,698 | +€707,291 | +111% |
| Taxes | 450/3 | €569,846 | €1,284,255 | +€714,409 | +125% |
| Remuneration and social security | 454/9 | €65,561 | €58,443 | -€7,118 | -10.9% |
| Other amounts payable | 47/48 | €250,000 | €3,500,000 | +€3.3m | +1,300% |
| Accrued charges and deferred income | 492/3 | €341,419 | €344,176 | +€2,757 | +0.8% |
| Operating income | 70/76A | €17,956,573 | €17,962,128 | +€5,555 | 0.0% |
| Turnover | 70 | €17,611,186 | €17,584,272 | -€26,914 | -0.2% |
| Other operating income | 74 | €345,387 | €377,856 | +€32,469 | +9.4% |
| Operating charges | 60/66A | €15,961,719 | €15,222,177 | -€739,542 | -4.6% |
| Services and other goods | 61 | €14,682,950 | €14,402,606 | -€280,344 | -1.9% |
| Remuneration, social security and pensions | 62 | €804,459 | €755,042 | -€49,416 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €454,567 | €38,821 | -€415,746 | -91.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,133 | - | +€11,133 | |
| Other operating charges | 640/8 | €30,876 | €25,708 | -€5,168 | -16.7% |
| Operating profit (loss) | 9901 | €1,994,854 | €2,739,951 | +€745,097 | +37.4% |
| Financial income | 75/76B | €421,439 | €289,144 | -€132,295 | -31.4% |
| Recurring financial income | 75 | €421,439 | €289,144 | -€132,295 | -31.4% |
| Income from financial fixed assets | 750 | €276,648 | €17 | -€276,631 | -100.0% |
| Income from current assets | 751 | €144,791 | €289,127 | +€144,336 | +99.7% |
| Financial charges | 65/66B | €1,852,749 | €1,330,554 | -€522,195 | -28.2% |
| Recurring financial charges | 65 | €652,749 | €460,321 | -€192,429 | -29.5% |
| Debt charges | 650 | €526,659 | €457,477 | -€69,181 | -13.1% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €124,772 | - | -€124,772 | |
| Other financial charges | 652/9 | €1,319 | €2,844 | +€1,525 | +116% |
| Non-recurring financial charges | 66B | €1,200,000 | €870,233 | -€329,767 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €563,544 | €1,698,541 | +€1.1m | +201% |
| Income taxes | 67/77 | €512,381 | €711,343 | +€198,962 | +38.8% |
| Taxes | 670/3 | €512,381 | €711,343 | +€198,962 | +38.8% |
| Profit (loss) for the period | 9904 | €51,163 | €987,198 | +€936,035 | +1,830% |
| Profit (loss) for the period to be appropriated | 9905 | €51,163 | €987,198 | +€936,035 | +1,830% |
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 31 October 2026 via checked.be.