VIAS: 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.
VIAS
Largest movements
- Tangible fixed assets -€56,211
down €56,211 (-11.1%), from €505,051 to €448,840
of which Land and buildings: -€90,348
- Receivables within one year +€19,918
new in 2025: €19,918
- Reserves +€57,594
up €57,594 (+22.7%), from €253,189 to €310,784
of which Distributable reserves: +€57,594
- Other debts -€42,766
down €42,766 (-100.0%), from €42,766 to €0
- Debts after one year -€22,973
down €22,973 (-36.3%), from €63,238 to €40,265
- Trade debts -€13,789
down €13,789 (-91.6%), from €15,061 to €1,272
- Current portion of long-term debt -€7,873
down €7,873 (-25.5%), from €30,846 to €22,973
- Gross operating margin +€71,039
up €71,039 (+170.0%), from €41,776 to €112,816
- Taxes +€25,228
up €25,228 (+1602.5%), from €1,574 to €26,803
- Financial charges -€8,148
down €8,148 (-59.6%), from €13,672 to €5,524
- Financial income +€1,641
up €1,641, from €0 to €1,641
of which Financial income: +€1,641
- Depreciation +€1,610
up €1,610 (+8.9%), from €18,089 to €19,699
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 | €506,948 | €476,833 | -€30,116 | -5.9% |
| Fixed assets | 21/28 | €505,051 | €448,840 | -€56,211 | -11.1% |
| Tangible fixed assets | 22/27 | €505,051 | €448,840 | -€56,211 | -11.1% |
| Land and buildings | 22 | €505,051 | €414,703 | -€90,348 | -17.9% |
| Furniture and vehicles | 24 | - | €34,137 | +€34,137 | |
| Current assets | 29/58 | €1,898 | €27,992 | +€26,095 | +1375.2% |
| Amounts receivable within one year | 40/41 | - | €19,918 | +€19,918 | |
| Other amounts receivable | 41 | - | €19,918 | +€19,918 | |
| Cash at bank and in hand | 54/58 | - | €2,749 | +€2,749 | |
| Deferred charges and accrued income | 490/1 | €1,898 | €5,325 | +€3,428 | +180.6% |
| Total equity and liabilities | 10/49 | €506,948 | €476,833 | -€30,116 | -5.9% |
| Equity | 10/15 | €316,900 | €374,494 | +€57,594 | +18.2% |
| Contributions | 10/11 | €63,710 | €63,710 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €1,710 | €1,710 | = | 0.0% |
| Share premium | 1100/10 | €1,710 | €1,710 | = | 0.0% |
| Reserves | 13 | €253,189 | €310,784 | +€57,594 | +22.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €246,989 | €304,584 | +€57,594 | +23.3% |
| Amounts payable | 17/49 | €190,049 | €102,339 | -€87,710 | -46.2% |
| Amounts payable after more than one year | 17 | €63,238 | €40,265 | -€22,973 | -36.3% |
| Financial debts | 170/4 | €63,238 | €40,265 | -€22,973 | -36.3% |
| Amounts payable within one year | 42/48 | €126,810 | €59,273 | -€67,537 | -53.3% |
| Current portion of amounts payable after more than one year | 42 | €30,846 | €22,973 | -€7,873 | -25.5% |
| Financial debts | 43 | €2,125 | €654 | -€1,471 | -69.2% |
| Credit institutions | 430/8 | €2,125 | €654 | -€1,471 | -69.2% |
| Trade debts | 44 | €15,061 | €1,272 | -€13,789 | -91.6% |
| Suppliers | 440/4 | €15,061 | €1,272 | -€13,789 | -91.6% |
| Advances received on contracts in progress | 46 | - | €5,997 | +€5,997 | |
| Taxes, remuneration and social security | 45 | €36,011 | €28,377 | -€7,634 | -21.2% |
| Taxes | 450/3 | €36,011 | €28,377 | -€7,634 | -21.2% |
| Other amounts payable | 47/48 | €42,766 | €0 | -€42,766 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | €2,800 | +€2,800 | |
| Non-recurring operating income | 76A | - | €103,488 | +€103,488 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,089 | €19,699 | +€1,610 | +8.9% |
| Other operating charges | 640/8 | €4,238 | €4,837 | +€599 | +14.1% |
| Gross operating margin | 9900 | €41,776 | €112,816 | +€71,039 | +170.0% |
| Operating profit (loss) | 9901 | €19,449 | €88,280 | +€68,831 | +353.9% |
| Financial income | 75/76B | €0 | €1,641 | +€1,641 | |
| Recurring financial income | 75 | €0 | €1,641 | +€1,641 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €13,672 | €5,524 | -€8,148 | -59.6% |
| Recurring financial charges | 65 | €13,672 | €5,524 | -€8,148 | -59.6% |
| Profit (loss) for the period before taxes | 9903 | €5,777 | €84,397 | +€78,619 | +1360.8% |
| Income taxes | 67/77 | €1,574 | €26,803 | +€25,228 | +1602.5% |
| Profit (loss) for the period | 9904 | €4,203 | €57,594 | +€53,391 | +1270.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,203 | €57,594 | +€53,391 | +1270.3% |
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 8 October 2026 via checked.be.