Vianellu: what changed
What changed
Vianellu
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
-€226,501
2024 · -€925,459+€698,957
Equity
€9.9m
2024 · €7.5m+€2.4m
Cash
€108,733
2024 · €113,064-€4,331
Balance sheet total
€22.9m
2024 · €21.4m+€1.5m
Largest movements
Assets
- Current investments +€2.3m
up €2.3m (+2,300%), from €100,000 to €2.4m
- Tangible fixed assets -€671,340
down €671,340 (-3.2%), from €20.9m to €20.2m
of which Land and buildings: -€539,067
Equity and liabilities
- Contributions +€2.6m
up €2.6m (+29.5%), from €8.8m to €11.4m
- Debts after one year -€826,361
down €826,361 (-6.4%), from €12.9m to €12.1m
of which Financial debts: -€833,898
Income statement
- Gross operating margin +€335,160
up €335,160 (+30.5%), from €1.1m to €1.4m
- Financial charges -€88,355
down €88,355 (-15.8%), from €557,522 to €469,167
of which Non-recurring financial charges: -€59,135
- Write-downs +€20,162
no longer reported in 2025 (was -€20,162)
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.
Result 2024
-€925,459
Gross operating margin
+€335,160
Depreciation
+€6,209
Write-downs
-€20,162
Other operating charges
-€3,182
Other operating items
+€292,578
Financial income
-€3
Financial charges
+€88,355
Taxes
+€1
Result 2025
-€226,501
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€820,511
Investment
-€2.6m
Financing
+€1.8m
Cash 2024
€113,064
From operations (derived)
+€820,511
Net result for the year
-€226,501
Depreciation
+€964,821
Receivables within one year
+€102,418
Deferred charges and accrued income
-€6,206
Trade debts
-€41,333
Tax, wage and social debts
+€27,312
Investment (derived)
-€2.6m
Investment in fixed assets (net)
-€293,481
Current investments
-€2.3m
Financing
+€1.8m
Debts after one year
-€826,361
Contributions, distributions and other
+€2.6m
Cash 2025
€108,733
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,391,352 | €22,919,468 | +€1.5m | +7.1% |
| Fixed assets | 21/28 | €20,907,942 | €20,236,602 | -€671,340 | -3.2% |
| Tangible fixed assets | 22/27 | €20,907,942 | €20,236,602 | -€671,340 | -3.2% |
| Land and buildings | 22 | €20,579,649 | €20,040,581 | -€539,067 | -2.6% |
| Plant, machinery and equipment | 23 | €8,883 | €13,983 | +€5,100 | +57.4% |
| Other tangible fixed assets | 26 | €182,038 | €182,038 | = | 0.0% |
| Assets under construction and advance payments | 27 | €137,373 | - | -€137,373 | |
| Current assets | 29/58 | €483,410 | €2,682,866 | +€2.2m | +455% |
| Amounts receivable within one year | 40/41 | €270,346 | €167,928 | -€102,418 | -37.9% |
| Trade receivables | 40 | €141,227 | €167,928 | +€26,700 | +18.9% |
| Other amounts receivable | 41 | €129,118 | - | -€129,118 | |
| Current investments | 50/53 | €100,000 | €2,400,000 | +€2.3m | +2,300% |
| Cash at bank and in hand | 54/58 | €113,064 | €108,733 | -€4,331 | -3.8% |
| Deferred charges and accrued income | 490/1 | - | €6,206 | +€6,206 | |
| Total equity and liabilities | 10/49 | €21,391,352 | €22,919,468 | +€1.5m | +7.1% |
| Equity | 10/15 | €7,513,940 | €9,882,439 | +€2.4m | +31.5% |
| Contributions | 10/11 | €8,803,000 | €11,398,000 | +€2.6m | +29.5% |
| Revaluation surpluses | 12 | €884,068 | €884,068 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,173,127 | -€2,399,629 | -€226,501 | -10.4% |
| Amounts payable | 17/49 | €13,877,412 | €13,037,030 | -€840,382 | -6.1% |
| Amounts payable after more than one year | 17 | €12,916,216 | €12,089,855 | -€826,361 | -6.4% |
| Financial debts | 170/4 | €12,787,712 | €11,953,813 | -€833,898 | -6.5% |
| Other amounts payable | 178/9 | €128,504 | €136,042 | +€7,538 | +5.9% |
| Amounts payable within one year | 42/48 | €961,196 | €947,175 | -€14,021 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €833,898 | €833,898 | = | 0.0% |
| Trade debts | 44 | €127,297 | €85,964 | -€41,333 | -32.5% |
| Suppliers | 440/4 | €127,297 | €85,964 | -€41,333 | -32.5% |
| Taxes, remuneration and social security | 45 | - | €27,312 | +€27,312 | |
| Taxes | 450/3 | - | €27,312 | +€27,312 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €971,031 | €964,821 | -€6,209 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€20,162 | - | +€20,162 | |
| Other operating charges | 640/8 | €194,550 | €197,732 | +€3,182 | +1.6% |
| Non-recurring operating charges | 66A | €329,809 | €37,231 | -€292,578 | -88.7% |
| Gross operating margin | 9900 | €1,099,856 | €1,435,016 | +€335,160 | +30.5% |
| Operating profit (loss) | 9901 | -€375,372 | €235,232 | +€610,604 | |
| Financial income | 75/76B | €10,622 | €10,619 | -€3 | 0.0% |
| Recurring financial income | 75 | €10,622 | €10,619 | -€3 | 0.0% |
| Financial charges | 65/66B | €557,522 | €469,167 | -€88,355 | -15.8% |
| Recurring financial charges | 65 | €498,387 | €469,167 | -€29,220 | -5.9% |
| Non-recurring financial charges | 66B | €59,135 | - | -€59,135 | |
| Profit (loss) for the period before taxes | 9903 | -€922,272 | -€223,316 | +€698,956 | +75.8% |
| Income taxes | 67/77 | €3,187 | €3,186 | -€1 | 0.0% |
| Profit (loss) for the period | 9904 | -€925,459 | -€226,501 | +€698,957 | +75.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€925,459 | -€226,501 | +€698,957 | +75.5% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 7 November 2026 via checked.be.