Vialines: 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.
Vialines
Largest movements
- Receivables within one year -€197,593
down €197,593 (-17.2%), from €1.1m to €948,837
of which Trade receivables: -€809,953
- Cash +€152,481
up €152,481 (+94.0%), from €162,248 to €314,728
mainly Net result for the year (+€258,009) and Receivables within one year (+€197,593)
- Stocks and contracts +€139,356
up €139,356 (+46.5%), from €299,795 to €439,151
of which Contracts in progress: +€169,430
- Tangible fixed assets -€21,483
down €21,483 (-10.7%), from €201,141 to €179,658
- Trade debts -€154,017
down €154,017 (-29.8%), from €516,004 to €361,987
- Profit (loss) carried forward +€131,709
up €131,709 (+28.3%), from €466,018 to €597,727
- Reserves +€126,300
up €126,300 (+58.7%), from €215,070 to €341,370
of which Tax-exempt reserves: +€126,300
- Tax, wage and social debts -€31,722
down €31,722 (-26.6%), from €119,441 to €87,720
of which Remuneration and social security: -€29,256
- Gross operating margin +€60,083
up €60,083 (+5.9%), from €1.0m to €1.1m
- Write-downs -€48,250
down €48,250, from €23,500 to -€24,750
- Taxes +€23,857
up €23,857 (+35.0%), from €68,189 to €92,046
- Staff costs +€21,620
up €21,620 (+3.1%), from €703,670 to €725,290
- Depreciation -€17,533
down €17,533 (-33.1%), from €52,979 to €35,445
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,872,419 | €1,946,602 | +€74,183 | +4.0% |
| Fixed assets | 21/28 | €227,197 | €205,268 | -€21,929 | -9.7% |
| Intangible fixed assets | 21 | €446 | €0 | -€446 | -100.0% |
| Tangible fixed assets | 22/27 | €201,141 | €179,658 | -€21,483 | -10.7% |
| Land and buildings | 22 | €121,977 | €112,163 | -€9,814 | -8.0% |
| Plant, machinery and equipment | 23 | €6,705 | €5,577 | -€1,128 | -16.8% |
| Furniture and vehicles | 24 | €72,459 | €61,918 | -€10,541 | -14.5% |
| Financial fixed assets | 28 | €25,610 | €25,610 | = | 0.0% |
| Current assets | 29/58 | €1,645,223 | €1,741,334 | +€96,112 | +5.8% |
| Stocks and contracts in progress | 3 | €299,795 | €439,151 | +€139,356 | +46.5% |
| Stocks | 30/36 | €244,468 | €214,394 | -€30,074 | -12.3% |
| Contracts in progress | 37 | €55,327 | €224,757 | +€169,430 | +306.2% |
| Amounts receivable within one year | 40/41 | €1,146,430 | €948,837 | -€197,593 | -17.2% |
| Trade receivables | 40 | €1,135,350 | €325,396 | -€809,953 | -71.3% |
| Other amounts receivable | 41 | €11,080 | €623,441 | +€612,361 | +5526.6% |
| Cash at bank and in hand | 54/58 | €162,248 | €314,728 | +€152,481 | +94.0% |
| Deferred charges and accrued income | 490/1 | €36,749 | €38,617 | +€1,868 | +5.1% |
| Total equity and liabilities | 10/49 | €1,872,419 | €1,946,602 | +€74,183 | +4.0% |
| Equity | 10/15 | €931,088 | €1,189,097 | +€258,009 | +27.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €215,070 | €341,370 | +€126,300 | +58.7% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €190,070 | €316,370 | +€126,300 | +66.4% |
| Profit (loss) carried forward | 14 | €466,018 | €597,727 | +€131,709 | +28.3% |
| Provisions and deferred taxes | 16 | €221,250 | €236,500 | +€15,250 | +6.9% |
| Provisions for liabilities and charges | 160/5 | €221,250 | €236,500 | +€15,250 | +6.9% |
| Other liabilities and charges | 164/5 | €221,250 | €236,500 | +€15,250 | +6.9% |
| Amounts payable | 17/49 | €720,082 | €521,006 | -€199,076 | -27.6% |
| Amounts payable within one year | 42/48 | €661,160 | €481,449 | -€179,711 | -27.2% |
| Financial debts | 43 | €0 | €14 | +€14 | +12536.4% |
| Credit institutions | 430/8 | €0 | €14 | +€14 | +12536.4% |
| Trade debts | 44 | €516,004 | €361,987 | -€154,017 | -29.8% |
| Suppliers | 440/4 | €516,004 | €361,987 | -€154,017 | -29.8% |
| Taxes, remuneration and social security | 45 | €119,441 | €87,720 | -€31,722 | -26.6% |
| Taxes | 450/3 | €7,152 | €4,686 | -€2,466 | -34.5% |
| Remuneration and social security | 454/9 | €112,289 | €83,034 | -€29,256 | -26.1% |
| Other amounts payable | 47/48 | €25,714 | €31,728 | +€6,014 | +23.4% |
| Accrued charges and deferred income | 492/3 | €58,922 | €39,557 | -€19,365 | -32.9% |
| Non-recurring operating income | 76A | €4,215 | €23 | -€4,192 | -99.5% |
| Remuneration, social security and pensions | 62 | €703,670 | €725,290 | +€21,620 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,979 | €35,445 | -€17,533 | -33.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,500 | -€24,750 | -€48,250 | |
| Other operating charges | 640/8 | €2,636 | €5,044 | +€2,408 | +91.4% |
| Non-recurring operating charges | 66A | €646 | €327 | -€319 | -49.3% |
| Gross operating margin | 9900 | €1,021,822 | €1,081,905 | +€60,083 | +5.9% |
| Operating profit (loss) | 9901 | €238,391 | €340,548 | +€102,157 | +42.9% |
| Financial income | 75/76B | €1,732 | €11,570 | +€9,838 | +568.0% |
| Recurring financial income | 75 | €1,732 | €11,570 | +€9,838 | +568.0% |
| Financial charges | 65/66B | €2,223 | €2,064 | -€160 | -7.2% |
| Recurring financial charges | 65 | €2,223 | €2,064 | -€160 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €237,900 | €350,055 | +€112,154 | +47.1% |
| Income taxes | 67/77 | €68,189 | €92,046 | +€23,857 | +35.0% |
| Profit (loss) for the period | 9904 | €169,711 | €258,009 | +€88,298 | +52.0% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €126,300 | +€21,050 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €64,461 | €131,709 | +€67,248 | +104.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.