Vialwico: 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
Vialwico
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€2,880
2024 · €23,102-€25,982
Equity
€225,034
2024 · €217,915+€7,120
Cash
€20,519
2024 · €19,246+€1,272
Balance sheet total
€548,101
2024 · €590,260-€42,159
Largest movements
Assets
- Tangible fixed assets -€50,529
down €50,529 (-9.4%), from €538,397 to €487,868
of which Land and buildings: -€50,124
- Deferred charges and accrued income +€6,479
up €6,479 (+388%), from €1,671 to €8,150
Equity and liabilities
- Debts after one year -€53,287
down €53,287 (-16.7%), from €318,595 to €265,308
- Contributions +€10,000
up €10,000 (+2.4%), from €408,407 to €418,407
Income statement
- Gross operating margin -€30,388
down €30,388 (-34.4%), from €88,451 to €58,063
- Depreciation -€4,989
down €4,989 (-9.0%), from €55,518 to €50,529
- Taxes +€1,391
up €1,391, from -€97 to €1,294
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
€23,102
Gross operating margin
-€30,388
Depreciation
+€4,989
Other operating charges
-€190
Financial income
+€465
Financial charges
+€532
Taxes
-€1,391
Result 2025
-€2,880
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
+€44,782
Investment
-€759
Financing
-€42,750
Cash 2024
€19,246
From operations (derived)
+€44,782
Net result for the year
-€2,880
Depreciation
+€50,529
Receivables within one year
+€140
Deferred charges and accrued income
-€6,479
Trade debts
+€2,175
Tax, wage and social debts
+€1,190
Accrued charges and deferred income
+€107
Investment (derived)
-€759
Investment in fixed assets (net)
-€0
Current investments
-€759
Financing
-€42,750
Debts after one year
-€53,287
Current portion of long-term debt
+€537
Contributions, distributions and other
+€10,000
Cash 2025
€20,519
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €590,260 | €548,101 | -€42,159 | -7.1% |
| Fixed assets | 21/28 | €538,664 | €488,134 | -€50,529 | -9.4% |
| Tangible fixed assets | 22/27 | €538,397 | €487,868 | -€50,529 | -9.4% |
| Land and buildings | 22 | €537,446 | €487,322 | -€50,124 | -9.3% |
| Plant, machinery and equipment | 23 | €80 | €0 | -€80 | -100% |
| Furniture and vehicles | 24 | €871 | €546 | -€325 | -37.3% |
| Financial fixed assets | 28 | €267 | €267 | = | 0.0% |
| Current assets | 29/58 | €51,596 | €59,966 | +€8,370 | +16.2% |
| Amounts receivable within one year | 40/41 | €140 | €0 | -€140 | -100% |
| Other amounts receivable | 41 | €140 | €0 | -€140 | -100% |
| Current investments | 50/53 | €30,538 | €31,298 | +€759 | +2.5% |
| Cash at bank and in hand | 54/58 | €19,246 | €20,519 | +€1,272 | +6.6% |
| Deferred charges and accrued income | 490/1 | €1,671 | €8,150 | +€6,479 | +388% |
| Total equity and liabilities | 10/49 | €590,260 | €548,101 | -€42,159 | -7.1% |
| Equity | 10/15 | €217,915 | €225,034 | +€7,120 | +3.3% |
| Contributions | 10/11 | €408,407 | €418,407 | +€10,000 | +2.4% |
| Reserves | 13 | €11,593 | €6,693 | -€4,900 | -42.3% |
| Tax-exempt reserves | 132 | €4,900 | €0 | -€4,900 | -100% |
| Distributable reserves | 133 | €6,693 | €6,693 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€202,085 | -€200,066 | +€2,020 | +1.0% |
| Amounts payable | 17/49 | €372,345 | €323,066 | -€49,278 | -13.2% |
| Amounts payable after more than one year | 17 | €318,595 | €265,308 | -€53,287 | -16.7% |
| Financial debts | 170/4 | €318,595 | €265,308 | -€53,287 | -16.7% |
| Amounts payable within one year | 42/48 | €53,007 | €56,909 | +€3,902 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €52,750 | €53,287 | +€537 | +1.0% |
| Trade debts | 44 | €257 | €2,431 | +€2,175 | +847% |
| Suppliers | 440/4 | €257 | €2,431 | +€2,175 | +847% |
| Taxes, remuneration and social security | 45 | - | €1,190 | +€1,190 | |
| Taxes | 450/3 | - | €1,190 | +€1,190 | |
| Accrued charges and deferred income | 492/3 | €743 | €850 | +€107 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,518 | €50,529 | -€4,989 | -9.0% |
| Other operating charges | 640/8 | €6,247 | €6,437 | +€190 | +3.0% |
| Gross operating margin | 9900 | €88,451 | €58,063 | -€30,388 | -34.4% |
| Operating profit (loss) | 9901 | €26,686 | €1,097 | -€25,589 | -95.9% |
| Financial income | 75/76B | €477 | €942 | +€465 | +97.4% |
| Recurring financial income | 75 | €477 | €942 | +€465 | +97.4% |
| Financial charges | 65/66B | €4,158 | €3,625 | -€532 | -12.8% |
| Recurring financial charges | 65 | €4,158 | €3,625 | -€532 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €23,006 | -€1,586 | -€24,592 | |
| Income taxes | 67/77 | -€97 | €1,294 | +€1,391 | |
| Profit (loss) for the period | 9904 | €23,102 | -€2,880 | -€25,982 | |
| Transfer from tax-exempt reserves | 789 | - | €4,900 | +€4,900 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,102 | €2,020 | -€21,082 | -91.3% |
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 15 October 2026 via checked.be.