VIAMAR: 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.
VIAMAR
Largest movements
- Cash -€229,188
down €229,188 (-94.7%), from €241,985 to €12,797
mainly Current investments (-€185,000) and Contributions, distributions and other (-€100,000)
- Current investments +€185,000
new in 2025: €185,000
- Receivables within one year +€27,135
up €27,135 (+508%), from €5,344 to €32,479
of which Trade receivables: +€30,338
- Reserves -€82,551
down €82,551 (-43.0%), from €191,919 to €109,367
- Other debts +€81,971
up €81,971 (+2,668%), from €3,073 to €85,044
- Trade debts -€28,746
down €28,746 (-92.8%), from €30,992 to €2,246
- Tax, wage and social debts +€12,273
up €12,273 (+447%), from €2,746 to €15,019
- Gross operating margin +€51,510
up €51,510, from -€36,125 to €15,384
- Financial income +€543
up €543 (+19.6%), from €2,774 to €3,317
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €247,329 | €230,276 | -€17,053 | -6.9% |
| Current assets | 29/58 | €247,329 | €230,276 | -€17,053 | -6.9% |
| Amounts receivable within one year | 40/41 | €5,344 | €32,479 | +€27,135 | +508% |
| Trade receivables | 40 | - | €30,338 | +€30,338 | |
| Other amounts receivable | 41 | €5,344 | €2,141 | -€3,203 | -59.9% |
| Current investments | 50/53 | - | €185,000 | +€185,000 | |
| Cash at bank and in hand | 54/58 | €241,985 | €12,797 | -€229,188 | -94.7% |
| Total equity and liabilities | 10/49 | €247,329 | €230,276 | -€17,053 | -6.9% |
| Equity | 10/15 | €210,519 | €127,967 | -€82,551 | -39.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €191,919 | €109,367 | -€82,551 | -43.0% |
| Distributable reserves | 133 | €191,919 | €109,367 | -€82,551 | -43.0% |
| Amounts payable | 17/49 | €36,810 | €102,309 | +€65,498 | +178% |
| Amounts payable within one year | 42/48 | €36,810 | €102,309 | +€65,498 | +178% |
| Trade debts | 44 | €30,992 | €2,246 | -€28,746 | -92.8% |
| Suppliers | 440/4 | €30,992 | €2,246 | -€28,746 | -92.8% |
| Taxes, remuneration and social security | 45 | €2,746 | €15,019 | +€12,273 | +447% |
| Taxes | 450/3 | €2,746 | €15,019 | +€12,273 | +447% |
| Other amounts payable | 47/48 | €3,073 | €85,044 | +€81,971 | +2,668% |
| Other operating charges | 640/8 | €705 | €910 | +€204 | +29.0% |
| Gross operating margin | 9900 | -€36,125 | €15,384 | +€51,510 | |
| Operating profit (loss) | 9901 | -€36,831 | €14,475 | +€51,305 | |
| Financial income | 75/76B | €2,774 | €3,317 | +€543 | +19.6% |
| Recurring financial income | 75 | €2,774 | €3,317 | +€543 | +19.6% |
| Financial charges | 65/66B | €185 | €343 | +€158 | +85.4% |
| Recurring financial charges | 65 | €185 | €343 | +€158 | +85.4% |
| Profit (loss) for the period before taxes | 9903 | -€34,242 | €17,449 | +€51,690 | |
| Profit (loss) for the period | 9904 | -€34,242 | €17,449 | +€51,690 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,242 | €17,449 | +€51,690 |
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 20 October 2026 via checked.be.