VIAMAT: 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.
VIAMAT
Largest movements
- Receivables within one year -€304,482
down €304,482 (-58.3%), from €521,869 to €217,387
of which Trade receivables: -€275,519
- Financial fixed assets +€92,600
new in 2025: €92,600
- Cash +€26,082
up €26,082 (+58.4%), from €44,688 to €70,770
mainly Receivables within one year (+€304,482) and Depreciation (+€19,645)
- Tangible fixed assets -€13,615
down €13,615 (-20.5%), from €66,502 to €52,887
of which Furniture and vehicles: -€15,938
- Trade debts -€92,315
down €92,315 (-71.9%), from €128,307 to €35,992
- Reserves -€47,681
down €47,681 (-17.4%), from €273,252 to €225,571
of which Distributable reserves: -€47,681
- Other debts -€41,903
down €41,903 (-23.3%), from €180,045 to €138,142
- Tax, wage and social debts -€15,960
down €15,960 (-30.7%), from €52,017 to €36,057
- Gross operating margin -€224,744
down €224,744 (-83.8%), from €268,161 to €43,417
- Taxes -€55,256
down €55,256 (-87.3%), from €63,270 to €8,014
- Financial income +€7,120
up €7,120 (+244.8%), from €2,909 to €10,029
- Financial charges -€3,078
down €3,078 (-26.7%), from €11,546 to €8,468
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 | €654,956 | €455,690 | -€199,266 | -30.4% |
| Fixed assets | 21/28 | €66,502 | €145,487 | +€78,985 | +118.8% |
| Tangible fixed assets | 22/27 | €66,502 | €52,887 | -€13,615 | -20.5% |
| Land and buildings | 22 | €35,564 | €34,121 | -€1,443 | -4.1% |
| Plant, machinery and equipment | 23 | €1,341 | €5,107 | +€3,766 | +280.8% |
| Furniture and vehicles | 24 | €29,597 | €13,659 | -€15,938 | -53.9% |
| Financial fixed assets | 28 | - | €92,600 | +€92,600 | |
| Current assets | 29/58 | €588,454 | €310,203 | -€278,251 | -47.3% |
| Stocks and contracts in progress | 3 | €15,390 | €15,390 | = | 0.0% |
| Stocks | 30/36 | €15,390 | €15,390 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €521,869 | €217,387 | -€304,482 | -58.3% |
| Trade receivables | 40 | €309,157 | €33,638 | -€275,519 | -89.1% |
| Other amounts receivable | 41 | €212,712 | €183,749 | -€28,963 | -13.6% |
| Current investments | 50/53 | €6,366 | €6,366 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €44,688 | €70,770 | +€26,082 | +58.4% |
| Deferred charges and accrued income | 490/1 | €141 | €290 | +€149 | +105.7% |
| Total equity and liabilities | 10/49 | €654,956 | €455,690 | -€199,266 | -30.4% |
| Equity | 10/15 | €291,802 | €244,121 | -€47,681 | -16.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €273,252 | €225,571 | -€47,681 | -17.4% |
| Tax-exempt reserves | 132 | €174,625 | €174,625 | = | 0.0% |
| Distributable reserves | 133 | €98,627 | €50,946 | -€47,681 | -48.3% |
| Amounts payable | 17/49 | €363,154 | €211,569 | -€151,585 | -41.7% |
| Amounts payable within one year | 42/48 | €363,154 | €211,569 | -€151,585 | -41.7% |
| Current portion of amounts payable after more than one year | 42 | €2,785 | €1,378 | -€1,407 | -50.5% |
| Trade debts | 44 | €128,307 | €35,992 | -€92,315 | -71.9% |
| Suppliers | 440/4 | €128,307 | €35,992 | -€92,315 | -71.9% |
| Taxes, remuneration and social security | 45 | €52,017 | €36,057 | -€15,960 | -30.7% |
| Taxes | 450/3 | €52,017 | €36,057 | -€15,960 | -30.7% |
| Other amounts payable | 47/48 | €180,045 | €138,142 | -€41,903 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,669 | €19,645 | +€976 | +5.2% |
| Gross operating margin | 9900 | €268,161 | €43,417 | -€224,744 | -83.8% |
| Operating profit (loss) | 9901 | €249,492 | €23,772 | -€225,720 | -90.5% |
| Financial income | 75/76B | €2,909 | €10,029 | +€7,120 | +244.8% |
| Recurring financial income | 75 | €2,909 | €10,029 | +€7,120 | +244.8% |
| Financial charges | 65/66B | €11,546 | €8,468 | -€3,078 | -26.7% |
| Recurring financial charges | 65 | €11,546 | €8,468 | -€3,078 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €240,855 | €25,333 | -€215,522 | -89.5% |
| Income taxes | 67/77 | €63,270 | €8,014 | -€55,256 | -87.3% |
| Profit (loss) for the period | 9904 | €177,585 | €17,319 | -€160,266 | -90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €177,585 | €17,319 | -€160,266 | -90.2% |
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 7 October 2026 via checked.be.