ViaSelect: 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.
ViaSelect
Largest movements
- Receivables within one year +€62,978
up €62,978 (+286%), from €22,021 to €84,998
of which Other amounts receivable: +€64,213
- Cash +€50,049
up €50,049 (+281%), from €17,793 to €67,841
mainly Net result for the year (+€134,253) and Tax, wage and social debts (+€20,491)
- Profit (loss) carried forward +€85,915
no longer reported in 2025 (was -€85,915)
- Reserves +€48,339
up €48,339 (+12.5%), from €386,860 to €435,199
of which Distributable reserves: +€48,339
- Other debts -€26,898
no longer reported in 2025 (was €26,898)
- Tax, wage and social debts +€20,491
up €20,491 (+671%), from €3,052 to €23,543
- Trade debts -€11,062
down €11,062 (-78.5%), from €14,090 to €3,028
- Gross operating margin +€159,922
up €159,922, from -€12,609 to €147,312
- Taxes +€12,126
up €12,126 (+3,946%), from €307 to €12,433
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 | €361,051 | €478,087 | +€117,036 | +32.4% |
| Fixed assets | 21/28 | €392 | €4,355 | +€3,963 | +1,011% |
| Tangible fixed assets | 22/27 | €392 | €4,355 | +€3,963 | +1,011% |
| Plant, machinery and equipment | 23 | €392 | - | -€392 | |
| Furniture and vehicles | 24 | - | €4,355 | +€4,355 | |
| Current assets | 29/58 | €360,659 | €473,732 | +€113,073 | +31.4% |
| Amounts receivable after more than one year | 29 | €320,000 | €320,000 | = | 0.0% |
| Other amounts receivable | 291 | €320,000 | €320,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,021 | €84,998 | +€62,978 | +286% |
| Trade receivables | 40 | €21,810 | €20,575 | -€1,235 | -5.7% |
| Other amounts receivable | 41 | €211 | €64,423 | +€64,213 | +30,490% |
| Cash at bank and in hand | 54/58 | €17,793 | €67,841 | +€50,049 | +281% |
| Deferred charges and accrued income | 490/1 | €845 | €892 | +€47 | +5.5% |
| Total equity and liabilities | 10/49 | €361,051 | €478,087 | +€117,036 | +32.4% |
| Equity | 10/15 | €313,345 | €447,599 | +€134,253 | +42.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €386,860 | €435,199 | +€48,339 | +12.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €385,000 | €433,339 | +€48,339 | +12.6% |
| Profit (loss) carried forward | 14 | -€85,915 | - | +€85,915 | |
| Amounts payable | 17/49 | €47,706 | €30,488 | -€17,218 | -36.1% |
| Amounts payable within one year | 42/48 | €44,040 | €26,571 | -€17,469 | -39.7% |
| Trade debts | 44 | €14,090 | €3,028 | -€11,062 | -78.5% |
| Suppliers | 440/4 | €14,090 | €3,028 | -€11,062 | -78.5% |
| Taxes, remuneration and social security | 45 | €3,052 | €23,543 | +€20,491 | +671% |
| Taxes | 450/3 | €3,052 | €23,543 | +€20,491 | +671% |
| Other amounts payable | 47/48 | €26,898 | - | -€26,898 | |
| Accrued charges and deferred income | 492/3 | €3,666 | €3,917 | +€251 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €483 | €512 | +€29 | +5.9% |
| Gross operating margin | 9900 | -€12,609 | €147,312 | +€159,922 | |
| Operating profit (loss) | 9901 | -€13,093 | €146,800 | +€159,893 | |
| Financial income | 75/76B | €3,207 | €4,271 | +€1,063 | +33.2% |
| Recurring financial income | 75 | €3,207 | €4,271 | +€1,063 | +33.2% |
| Financial charges | 65/66B | €4,084 | €4,385 | +€301 | +7.4% |
| Recurring financial charges | 65 | €4,084 | €4,385 | +€301 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,969 | €146,686 | +€160,655 | |
| Income taxes | 67/77 | €307 | €12,433 | +€12,126 | +3,946% |
| Profit (loss) for the period | 9904 | -€14,276 | €134,253 | +€148,530 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,276 | €134,253 | +€148,530 |
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 20 October 2026 via checked.be.