VIALUC: 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.
VIALUC
Largest movements
- Tangible fixed assets +€54,878
up €54,878 (+15.5%), from €355,136 to €410,015
of which Furniture and vehicles: +€37,897
- Cash -€19,669
down €19,669 (-33.8%), from €58,106 to €38,438
mainly Investment in fixed assets (net) (-€94,000) and Contributions, distributions and other (-€49,600)
- Receivables within one year -€9,781
down €9,781 (-12.5%), from €77,964 to €68,183
of which Trade receivables: -€22,137
- Other debts +€37,099
up €37,099 (+693.8%), from €5,347 to €42,446
- Trade debts -€14,687
down €14,687 (-62.1%), from €23,636 to €8,948
- Current portion of long-term debt +€10,496
up €10,496 (+54.9%), from €19,125 to €29,621
- Debts after one year -€7,674
down €7,674 (-4.6%), from €165,651 to €157,977
- Reserves -€6,777
down €6,777 (-3.0%), from €228,948 to €222,171
- Gross operating margin +€81,022
up €81,022 (+80.3%), from €100,947 to €181,969
- Staff costs +€13,850
up €13,850 (+487.1%), from €2,843 to €16,693
- Depreciation +€12,837
up €12,837 (+49.1%), from €26,135 to €38,972
- Financial income -€10,819
down €10,819 (-95.3%), from €11,355 to €535
- Taxes -€3,965
down €3,965 (-18.9%), from €20,942 to €16,976
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 | €494,895 | €519,388 | +€24,493 | +4.9% |
| Fixed assets | 21/28 | €355,556 | €410,585 | +€55,028 | +15.5% |
| Tangible fixed assets | 22/27 | €355,136 | €410,015 | +€54,878 | +15.5% |
| Land and buildings | 22 | €335,107 | €353,180 | +€18,073 | +5.4% |
| Plant, machinery and equipment | 23 | €8,782 | €7,690 | -€1,092 | -12.4% |
| Furniture and vehicles | 24 | €11,248 | €49,145 | +€37,897 | +336.9% |
| Financial fixed assets | 28 | €420 | €570 | +€150 | +35.7% |
| Current assets | 29/58 | €139,338 | €108,803 | -€30,535 | -21.9% |
| Stocks and contracts in progress | 3 | €1,689 | €1,126 | -€563 | -33.3% |
| Stocks | 30/36 | €1,689 | €1,126 | -€563 | -33.3% |
| Amounts receivable within one year | 40/41 | €77,964 | €68,183 | -€9,781 | -12.5% |
| Trade receivables | 40 | €73,362 | €51,225 | -€22,137 | -30.2% |
| Other amounts receivable | 41 | €4,602 | €16,958 | +€12,356 | +268.5% |
| Cash at bank and in hand | 54/58 | €58,106 | €38,438 | -€19,669 | -33.8% |
| Deferred charges and accrued income | 490/1 | €1,579 | €1,056 | -€523 | -33.1% |
| Total equity and liabilities | 10/49 | €494,895 | €519,388 | +€24,493 | +4.9% |
| Equity | 10/15 | €279,003 | €272,226 | -€6,777 | -2.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €228,948 | €222,171 | -€6,777 | -3.0% |
| Distributable reserves | 133 | €228,948 | €222,171 | -€6,777 | -3.0% |
| Profit (loss) carried forward | 14 | €40,055 | €40,055 | = | 0.0% |
| Amounts payable | 17/49 | €215,891 | €247,162 | +€31,270 | +14.5% |
| Amounts payable after more than one year | 17 | €165,651 | €157,977 | -€7,674 | -4.6% |
| Financial debts | 170/4 | €165,651 | €157,977 | -€7,674 | -4.6% |
| Amounts payable within one year | 42/48 | €50,241 | €88,795 | +€38,554 | +76.7% |
| Current portion of amounts payable after more than one year | 42 | €19,125 | €29,621 | +€10,496 | +54.9% |
| Trade debts | 44 | €23,636 | €8,948 | -€14,687 | -62.1% |
| Suppliers | 440/4 | €23,636 | €8,948 | -€14,687 | -62.1% |
| Taxes, remuneration and social security | 45 | €2,133 | €7,779 | +€5,646 | +264.7% |
| Taxes | 450/3 | €1,760 | €5,792 | +€4,032 | +229.1% |
| Remuneration and social security | 454/9 | €373 | €1,987 | +€1,614 | +433.0% |
| Other amounts payable | 47/48 | €5,347 | €42,446 | +€37,099 | +693.8% |
| Accrued charges and deferred income | 492/3 | - | €391 | +€391 | |
| Non-recurring operating income | 76A | €330 | €9,832 | +€9,503 | +2882.5% |
| Remuneration, social security and pensions | 62 | €2,843 | €16,693 | +€13,850 | +487.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,135 | €38,972 | +€12,837 | +49.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €563 | €563 | = | 0.0% |
| Other operating charges | 640/8 | €3,524 | €4,283 | +€760 | +21.6% |
| Non-recurring operating charges | 66A | €334 | €55,706 | +€55,371 | +16564.4% |
| Gross operating margin | 9900 | €100,947 | €181,969 | +€81,022 | +80.3% |
| Operating profit (loss) | 9901 | €67,548 | €65,752 | -€1,796 | -2.7% |
| Financial income | 75/76B | €11,355 | €535 | -€10,819 | -95.3% |
| Recurring financial income | 75 | €11,355 | €535 | -€10,819 | -95.3% |
| Financial charges | 65/66B | €6,031 | €6,489 | +€457 | +7.6% |
| Recurring financial charges | 65 | €6,031 | €6,489 | +€457 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €72,872 | €59,799 | -€13,073 | -17.9% |
| Income taxes | 67/77 | €20,942 | €16,976 | -€3,965 | -18.9% |
| Profit (loss) for the period | 9904 | €51,930 | €42,823 | -€9,107 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,930 | €42,823 | -€9,107 | -17.5% |
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 30 September 2026 via checked.be.