VIART: 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.
VIART
Largest movements
- Cash +€113,322
up €113,322 (+45.0%), from €251,794 to €365,116
mainly Advances received (+€134,764) and Depreciation (+€101,145)
- Receivables within one year +€34,418
up €34,418 (+5.5%), from €620,588 to €655,006
of which Trade receivables: +€27,227
- Tangible fixed assets +€28,538
up €28,538 (+7.3%), from €388,590 to €417,128
of which Furniture and vehicles: +€17,788
- Advances received +€134,764
new in 2025: €134,764
- Other debts -€93,717
no longer reported in 2025 (was €93,717)
- Profit (loss) carried forward +€88,908
up €88,908 (+16.5%), from €540,280 to €629,188
- Trade debts +€61,101
up €61,101 (+118.0%), from €51,778 to €112,879
- Reserves -€17,000
down €17,000 (-10.2%), from €166,768 to €149,768
of which Tax-exempt reserves: -€17,000
- Gross operating margin +€218,604
up €218,604 (+47.9%), from €455,945 to €674,549
- Staff costs +€118,101
up €118,101 (+33.4%), from €353,319 to €471,420
- Depreciation +€15,590
up €15,590 (+18.2%), from €85,555 to €101,145
- Taxes +€14,492
up €14,492 (+238.7%), from €6,072 to €20,564
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 | €1,301,960 | €1,483,979 | +€182,019 | +14.0% |
| Fixed assets | 21/28 | €389,805 | €418,343 | +€28,538 | +7.3% |
| Tangible fixed assets | 22/27 | €388,590 | €417,128 | +€28,538 | +7.3% |
| Land and buildings | 22 | €67,500 | €67,500 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,665 | €15,415 | +€10,750 | +230.4% |
| Furniture and vehicles | 24 | €316,425 | €334,213 | +€17,788 | +5.6% |
| Financial fixed assets | 28 | €1,215 | €1,215 | = | 0.0% |
| Current assets | 29/58 | €912,155 | €1,065,636 | +€153,481 | +16.8% |
| Stocks and contracts in progress | 3 | €20,500 | €27,700 | +€7,200 | +35.1% |
| Stocks | 30/36 | €20,500 | €27,700 | +€7,200 | +35.1% |
| Amounts receivable within one year | 40/41 | €620,588 | €655,006 | +€34,418 | +5.5% |
| Trade receivables | 40 | €7,045 | €34,272 | +€27,227 | +386.5% |
| Other amounts receivable | 41 | €613,543 | €620,734 | +€7,191 | +1.2% |
| Cash at bank and in hand | 54/58 | €251,794 | €365,116 | +€113,322 | +45.0% |
| Deferred charges and accrued income | 490/1 | €19,273 | €17,814 | -€1,459 | -7.6% |
| Total equity and liabilities | 10/49 | €1,301,960 | €1,483,979 | +€182,019 | +14.0% |
| Equity | 10/15 | €1,106,924 | €1,178,832 | +€71,908 | +6.5% |
| Contributions | 10/11 | €399,876 | €399,876 | = | 0.0% |
| Reserves | 13 | €166,768 | €149,768 | -€17,000 | -10.2% |
| Non-distributable reserves | 130/1 | €39,988 | €39,988 | = | 0.0% |
| Reserves not available under the articles | 1311 | €39,988 | €39,988 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,059 | €39,059 | -€17,000 | -30.3% |
| Distributable reserves | 133 | €70,721 | €70,721 | = | 0.0% |
| Profit (loss) carried forward | 14 | €540,280 | €629,188 | +€88,908 | +16.5% |
| Amounts payable | 17/49 | €195,036 | €305,147 | +€110,111 | +56.5% |
| Amounts payable within one year | 42/48 | €195,036 | €305,147 | +€110,111 | +56.5% |
| Current portion of amounts payable after more than one year | 42 | €12,056 | €12,453 | +€397 | +3.3% |
| Trade debts | 44 | €51,778 | €112,879 | +€61,101 | +118.0% |
| Suppliers | 440/4 | €51,778 | €112,879 | +€61,101 | +118.0% |
| Advances received on contracts in progress | 46 | - | €134,764 | +€134,764 | |
| Taxes, remuneration and social security | 45 | €37,485 | €45,051 | +€7,566 | +20.2% |
| Taxes | 450/3 | €6,606 | €10,749 | +€4,143 | +62.7% |
| Remuneration and social security | 454/9 | €30,879 | €34,302 | +€3,423 | +11.1% |
| Other amounts payable | 47/48 | €93,717 | - | -€93,717 | |
| Remuneration, social security and pensions | 62 | €353,319 | €471,420 | +€118,101 | +33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,555 | €101,145 | +€15,590 | +18.2% |
| Other operating charges | 640/8 | €10,964 | €15,188 | +€4,224 | +38.5% |
| Gross operating margin | 9900 | €455,945 | €674,549 | +€218,604 | +47.9% |
| Operating profit (loss) | 9901 | €6,107 | €86,796 | +€80,689 | +1321.3% |
| Financial income | 75/76B | €5,538 | €10,118 | +€4,580 | +82.7% |
| Recurring financial income | 75 | €5,538 | €10,118 | +€4,580 | +82.7% |
| Financial charges | 65/66B | €1,621 | €4,442 | +€2,821 | +174.0% |
| Recurring financial charges | 65 | €1,621 | €4,442 | +€2,821 | +174.0% |
| Profit (loss) for the period before taxes | 9903 | €10,024 | €92,472 | +€82,448 | +822.5% |
| Income taxes | 67/77 | €6,072 | €20,564 | +€14,492 | +238.7% |
| Profit (loss) for the period | 9904 | €3,952 | €71,908 | +€67,956 | +1719.5% |
| Transfer from tax-exempt reserves | 789 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,952 | €88,908 | +€67,956 | +324.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.