VIANCO: 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.
VIANCO
Largest movements
- Tangible fixed assets -€42,544
down €42,544 (-26.9%), from €158,263 to €115,719
of which Plant, machinery and equipment: -€36,878
- Cash -€31,486
down €31,486 (-20.7%), from €152,324 to €120,838
mainly Other debts (-€35,000) and Debts after one year (-€28,106)
- Stocks and contracts +€13,064
up €13,064 (+61.2%), from €21,356 to €34,421
- Receivables within one year -€8,843
down €8,843 (-3.5%), from €255,371 to €246,527
of which Other amounts receivable: -€17,640
- Other debts -€35,000
down €35,000 (-100%), from €35,000 to €0
- Debts after one year -€28,106
down €28,106 (-64.3%), from €43,725 to €15,619
- Trade debts -€26,337
down €26,337 (-13.1%), from €200,813 to €174,476
- Reserves +€16,327
up €16,327 (+6.8%), from €240,389 to €256,716
- Staff costs +€100,204
up €100,204 (+39.0%), from €256,782 to €356,986
- Gross operating margin +€25,708
up €25,708 (+6.2%), from €416,183 to €441,891
- Taxes -€21,728
down €21,728 (-66.8%), from €32,548 to €10,820
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 | €604,472 | €536,480 | -€67,992 | -11.2% |
| Fixed assets | 21/28 | €158,263 | €115,719 | -€42,544 | -26.9% |
| Tangible fixed assets | 22/27 | €158,263 | €115,719 | -€42,544 | -26.9% |
| Land and buildings | 22 | €65,392 | €62,879 | -€2,513 | -3.8% |
| Plant, machinery and equipment | 23 | €85,707 | €48,829 | -€36,878 | -43.0% |
| Furniture and vehicles | 24 | €7,163 | €4,012 | -€3,152 | -44.0% |
| Current assets | 29/58 | €446,209 | €420,761 | -€25,448 | -5.7% |
| Stocks and contracts in progress | 3 | €21,356 | €34,421 | +€13,064 | +61.2% |
| Stocks | 30/36 | €21,356 | €34,421 | +€13,064 | +61.2% |
| Amounts receivable within one year | 40/41 | €255,371 | €246,527 | -€8,843 | -3.5% |
| Trade receivables | 40 | €165,241 | €174,037 | +€8,796 | +5.3% |
| Other amounts receivable | 41 | €90,130 | €72,490 | -€17,640 | -19.6% |
| Cash at bank and in hand | 54/58 | €152,324 | €120,838 | -€31,486 | -20.7% |
| Deferred charges and accrued income | 490/1 | €17,158 | €18,975 | +€1,817 | +10.6% |
| Total equity and liabilities | 10/49 | €604,472 | €536,480 | -€67,992 | -11.2% |
| Equity | 10/15 | €256,470 | €272,797 | +€16,327 | +6.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €240,389 | €256,716 | +€16,327 | +6.8% |
| Distributable reserves | 133 | €240,389 | €256,716 | +€16,327 | +6.8% |
| Profit (loss) carried forward | 14 | €9,881 | €9,881 | = | 0.0% |
| Amounts payable | 17/49 | €348,002 | €263,683 | -€84,319 | -24.2% |
| Amounts payable after more than one year | 17 | €43,725 | €15,619 | -€28,106 | -64.3% |
| Financial debts | 170/4 | €43,725 | €15,619 | -€28,106 | -64.3% |
| Amounts payable within one year | 42/48 | €304,277 | €248,064 | -€56,213 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €24,962 | €28,106 | +€3,144 | +12.6% |
| Trade debts | 44 | €200,813 | €174,476 | -€26,337 | -13.1% |
| Suppliers | 440/4 | €200,813 | €174,476 | -€26,337 | -13.1% |
| Taxes, remuneration and social security | 45 | €43,502 | €45,482 | +€1,980 | +4.6% |
| Taxes | 450/3 | €10,710 | €11,925 | +€1,215 | +11.3% |
| Remuneration and social security | 454/9 | €32,792 | €33,557 | +€766 | +2.3% |
| Other amounts payable | 47/48 | €35,000 | €0 | -€35,000 | -100% |
| Non-recurring operating income | 76A | €4,049 | €11,408 | +€7,359 | +182% |
| Remuneration, social security and pensions | 62 | €256,782 | €356,986 | +€100,204 | +39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,919 | €49,087 | -€832 | -1.7% |
| Other operating charges | 640/8 | €2,756 | €3,040 | +€284 | +10.3% |
| Gross operating margin | 9900 | €416,183 | €441,891 | +€25,708 | +6.2% |
| Operating profit (loss) | 9901 | €106,726 | €32,778 | -€73,948 | -69.3% |
| Financial income | 75/76B | €992 | €656 | -€336 | -33.9% |
| Recurring financial income | 75 | €992 | €656 | -€336 | -33.9% |
| Financial charges | 65/66B | €4,534 | €6,287 | +€1,753 | +38.7% |
| Recurring financial charges | 65 | €4,534 | €6,287 | +€1,753 | +38.7% |
| Profit (loss) for the period before taxes | 9903 | €103,184 | €27,147 | -€76,037 | -73.7% |
| Income taxes | 67/77 | €32,548 | €10,820 | -€21,728 | -66.8% |
| Profit (loss) for the period | 9904 | €70,636 | €16,327 | -€54,309 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €70,636 | €16,327 | -€54,309 | -76.9% |
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 22 October 2026 via checked.be.