VIANA II: what changed
VIANA II
Largest movements
- Receivables within one year +€4,883
up €4,883 (+32.4%), from €15,049 to €19,932
- Short-term financial debts +€6,308
up €6,308 (+266%), from €2,370 to €8,678
- Profit (loss) carried forward -€1,715
down €1,715 (-26.5%), from €6,480 to €4,765
- Trade debts +€289
new in 2025: €289
- Depreciation -€720
down €720 (-100%), from €720 to €0
- Financial charges -€404
down €404 (-33.7%), from €1,201 to €797
- Gross operating margin -€223
down €223 (-48.8%), from -€456 to -€679
- Other operating charges -€215
down €215 (-47.3%), from €454 to €239
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,049 | €19,932 | +€4,883 | +32.4% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €15,049 | €19,932 | +€4,883 | +32.4% |
| Amounts receivable within one year | 40/41 | €15,049 | €19,932 | +€4,883 | +32.4% |
| Other amounts receivable | 41 | €15,049 | €19,932 | +€4,883 | +32.4% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €15,049 | €19,932 | +€4,883 | +32.4% |
| Equity | 10/15 | €12,680 | €10,965 | -€1,715 | -13.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,480 | €4,765 | -€1,715 | -26.5% |
| Amounts payable | 17/49 | €2,370 | €8,967 | +€6,597 | +278% |
| Amounts payable within one year | 42/48 | €2,370 | €8,967 | +€6,597 | +278% |
| Financial debts | 43 | €2,370 | €8,678 | +€6,308 | +266% |
| Credit institutions | 430/8 | €2,370 | €8,678 | +€6,308 | +266% |
| Trade debts | 44 | - | €289 | +€289 | |
| Suppliers | 440/4 | - | €289 | +€289 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €720 | €0 | -€720 | -100% |
| Other operating charges | 640/8 | €454 | €239 | -€215 | -47.3% |
| Non-recurring operating charges | 66A | €1,214 | €0 | -€1,214 | -100% |
| Gross operating margin | 9900 | -€456 | -€679 | -€223 | -48.8% |
| Operating profit (loss) | 9901 | -€2,844 | -€918 | +€1,926 | +67.7% |
| Financial charges | 65/66B | €1,201 | €797 | -€404 | -33.7% |
| Recurring financial charges | 65 | €1,201 | €797 | -€404 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,045 | -€1,715 | +€2,330 | +57.6% |
| Profit (loss) for the period | 9904 | -€4,045 | -€1,715 | +€2,330 | +57.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,045 | -€1,715 | +€2,330 | +57.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.