VIALLO: 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.
VIALLO
Largest movements
- Cash +€22,405
up €22,405 (+53.8%), from €41,676 to €64,081
mainly Other debts (+€186,391) and Net result for the year (+€58,106)
- Tangible fixed assets +€20,114
up €20,114 (+8.8%), from €227,974 to €248,089
of which Land and buildings: +€22,437
- Receivables within one year -€5,099
down €5,099 (-9.8%), from €52,275 to €47,176
of which Trade receivables: -€5,411
- Other debts +€186,391
up €186,391 (+78226.7%), from €238 to €186,629
- Reserves -€157,324
down €157,324 (-100.0%), from €157,324 to €0
- Trade debts +€8,874
up €8,874 (+5746.6%), from €154 to €9,028
- Tax, wage and social debts -€4,751
down €4,751 (-33.0%), from €14,409 to €9,659
- Debts after one year +€4,096
up €4,096 (+2.8%), from €145,349 to €149,445
- Gross operating margin -€15,074
down €15,074 (-13.4%), from €112,898 to €97,824
- Depreciation +€4,420
up €4,420 (+34.4%), from €12,853 to €17,273
- Taxes -€4,312
down €4,312 (-22.3%), from €19,333 to €15,021
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 | €339,726 | €377,258 | +€37,532 | +11.0% |
| Fixed assets | 21/28 | €227,974 | €248,089 | +€20,114 | +8.8% |
| Tangible fixed assets | 22/27 | €227,974 | €248,089 | +€20,114 | +8.8% |
| Land and buildings | 22 | €221,813 | €244,249 | +€22,437 | +10.1% |
| Plant, machinery and equipment | 23 | €1,020 | €315 | -€705 | -69.2% |
| Furniture and vehicles | 24 | €661 | €0 | -€661 | -100.0% |
| Other tangible fixed assets | 26 | €4,480 | €3,525 | -€956 | -21.3% |
| Current assets | 29/58 | €111,751 | €129,169 | +€17,418 | +15.6% |
| Amounts receivable within one year | 40/41 | €52,275 | €47,176 | -€5,099 | -9.8% |
| Trade receivables | 40 | €51,608 | €46,197 | -€5,411 | -10.5% |
| Other amounts receivable | 41 | €667 | €979 | +€312 | +46.7% |
| Cash at bank and in hand | 54/58 | €41,676 | €64,081 | +€22,405 | +53.8% |
| Deferred charges and accrued income | 490/1 | €17,801 | €17,912 | +€112 | +0.6% |
| Total equity and liabilities | 10/49 | €339,726 | €377,258 | +€37,532 | +11.0% |
| Equity | 10/15 | €167,324 | €10,000 | -€157,324 | -94.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €157,324 | €0 | -€157,324 | -100.0% |
| Distributable reserves | 133 | €157,324 | €0 | -€157,324 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €172,401 | €367,258 | +€194,857 | +113.0% |
| Amounts payable after more than one year | 17 | €145,349 | €149,445 | +€4,096 | +2.8% |
| Financial debts | 170/4 | €145,349 | €149,445 | +€4,096 | +2.8% |
| Amounts payable within one year | 42/48 | €24,553 | €215,313 | +€190,760 | +776.9% |
| Current portion of amounts payable after more than one year | 42 | €9,751 | €9,997 | +€246 | +2.5% |
| Trade debts | 44 | €154 | €9,028 | +€8,874 | +5746.6% |
| Suppliers | 440/4 | €154 | €9,028 | +€8,874 | +5746.6% |
| Taxes, remuneration and social security | 45 | €14,409 | €9,659 | -€4,751 | -33.0% |
| Taxes | 450/3 | €14,409 | €9,659 | -€4,751 | -33.0% |
| Other amounts payable | 47/48 | €238 | €186,629 | +€186,391 | +78226.7% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,853 | €17,273 | +€4,420 | +34.4% |
| Other operating charges | 640/8 | €655 | €860 | +€205 | +31.3% |
| Gross operating margin | 9900 | €112,898 | €97,824 | -€15,074 | -13.4% |
| Operating profit (loss) | 9901 | €99,391 | €79,691 | -€19,699 | -19.8% |
| Financial charges | 65/66B | €5,783 | €6,564 | +€781 | +13.5% |
| Recurring financial charges | 65 | €5,783 | €6,564 | +€781 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €93,607 | €73,128 | -€20,480 | -21.9% |
| Income taxes | 67/77 | €19,333 | €15,021 | -€4,312 | -22.3% |
| Profit (loss) for the period | 9904 | €74,275 | €58,106 | -€16,168 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €74,275 | €58,106 | -€16,168 | -21.8% |
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 11 October 2026 via checked.be.