Viatorem: 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.
Viatorem
Largest movements
- Cash +€24,329
up €24,329 (+40.4%), from €60,256 to €84,585
mainly Net result for the year (+€18,518) and Depreciation (+€17,837)
- Tangible fixed assets -€15,395
down €15,395 (-33.5%), from €45,996 to €30,601
of which Furniture and vehicles: -€14,200
- Deferred charges and accrued income +€3,352
up €3,352 (+210.9%), from €1,590 to €4,942
- Receivables within one year -€2,844
down €2,844 (-60.7%), from €4,685 to €1,841
of which Other amounts receivable: -€1,812
- Profit (loss) carried forward +€18,518
up €18,518 (+25.8%), from €71,647 to €90,166
- Debts after one year -€6,915
down €6,915 (-25.2%), from €27,386 to €20,472
- Tax, wage and social debts -€2,186
no longer reported in 2025 (was €2,186)
- Depreciation +€15,639
up €15,639 (+711.2%), from €2,199 to €17,837
- Gross operating margin +€8,258
up €8,258 (+21.7%), from €38,046 to €46,305
- Taxes -€2,064
down €2,064 (-21.9%), from €9,415 to €7,351
- Financial charges +€1,370
up €1,370 (+258.4%), from €530 to €1,900
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 | €113,674 | €122,972 | +€9,299 | +8.2% |
| Formation expenses | 20 | €1,148 | €1,004 | -€143 | -12.5% |
| Fixed assets | 21/28 | €45,996 | €30,601 | -€15,395 | -33.5% |
| Tangible fixed assets | 22/27 | €45,996 | €30,601 | -€15,395 | -33.5% |
| Plant, machinery and equipment | 23 | €5,533 | €4,338 | -€1,195 | -21.6% |
| Furniture and vehicles | 24 | €40,463 | €26,263 | -€14,200 | -35.1% |
| Current assets | 29/58 | €66,531 | €91,368 | +€24,837 | +37.3% |
| Amounts receivable within one year | 40/41 | €4,685 | €1,841 | -€2,844 | -60.7% |
| Trade receivables | 40 | €2,143 | €1,112 | -€1,031 | -48.1% |
| Other amounts receivable | 41 | €2,541 | €729 | -€1,812 | -71.3% |
| Cash at bank and in hand | 54/58 | €60,256 | €84,585 | +€24,329 | +40.4% |
| Deferred charges and accrued income | 490/1 | €1,590 | €4,942 | +€3,352 | +210.9% |
| Total equity and liabilities | 10/49 | €113,674 | €122,972 | +€9,299 | +8.2% |
| Equity | 10/15 | €74,647 | €93,166 | +€18,518 | +24.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,647 | €90,166 | +€18,518 | +25.8% |
| Amounts payable | 17/49 | €39,026 | €29,807 | -€9,220 | -23.6% |
| Amounts payable after more than one year | 17 | €27,386 | €20,472 | -€6,915 | -25.2% |
| Financial debts | 170/4 | €27,386 | €20,472 | -€6,915 | -25.2% |
| Amounts payable within one year | 42/48 | €11,640 | €9,335 | -€2,305 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €5,663 | €6,391 | +€728 | +12.9% |
| Trade debts | 44 | €3,791 | €2,944 | -€847 | -22.3% |
| Suppliers | 440/4 | €3,791 | €2,944 | -€847 | -22.3% |
| Taxes, remuneration and social security | 45 | €2,186 | - | -€2,186 | |
| Remuneration and social security | 454/9 | €2,186 | - | -€2,186 | |
| Non-recurring operating income | 76A | - | €19,223 | +€19,223 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,199 | €17,837 | +€15,639 | +711.2% |
| Other operating charges | 640/8 | €603 | €703 | +€101 | +16.7% |
| Gross operating margin | 9900 | €38,046 | €46,305 | +€8,258 | +21.7% |
| Operating profit (loss) | 9901 | €35,245 | €27,764 | -€7,481 | -21.2% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €530 | €1,900 | +€1,370 | +258.4% |
| Recurring financial charges | 65 | €530 | €1,900 | +€1,370 | +258.4% |
| Profit (loss) for the period before taxes | 9903 | €34,715 | €25,870 | -€8,845 | -25.5% |
| Income taxes | 67/77 | €9,415 | €7,351 | -€2,064 | -21.9% |
| Profit (loss) for the period | 9904 | €25,299 | €18,518 | -€6,781 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,299 | €18,518 | -€6,781 | -26.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.