Viaverda: 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.
Viaverda
Largest movements
- Current investments +€1.3m
new in 2025: €1.3m
- Cash -€694,699
down €694,699 (-27.8%), from €2.5m to €1.8m
mainly Current investments (-€1.3m) and Investment in fixed assets (net) (-€720,511)
- Receivables within one year +€228,684
up €228,684 (+6.8%), from €3.4m to €3.6m
of which Trade receivables: +€200,040
- Tangible fixed assets -€210,764
down €210,764 (-2.8%), from €7.6m to €7.4m
of which Land and buildings: -€338,324
- Debts within one year +€462,305
up €462,305 (+18.1%), from €2.6m to €3.0m
of which Trade debts: +€313,771
- Accrued charges and deferred income +€317,503
up €317,503 (+8167.6%), from €3,887 to €321,391
- Investment grants -€222,445
down €222,445 (-4.3%), from €5.1m to €4.9m
- Reserves +€194,349
up €194,349 (+4.9%), from €4.0m to €4.2m
- Debts after one year -€171,571
down €171,571 (-13.1%), from €1.3m to €1.1m
- Gross operating margin +€961,264
up €961,264 (+13.2%), from €7.3m to €8.2m
- Staff costs +€614,386
up €614,386 (+9.6%), from €6.4m to €7.0m
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 | €13,591,078 | €14,233,481 | +€642,403 | +4.7% |
| Fixed assets | 21/28 | €7,617,455 | €7,467,222 | -€150,233 | -2.0% |
| Intangible fixed assets | 21 | €23,410 | €81,384 | +€57,974 | +247.6% |
| Tangible fixed assets | 22/27 | €7,574,744 | €7,363,980 | -€210,764 | -2.8% |
| Land and buildings | 22 | €6,761,011 | €6,422,688 | -€338,324 | -5.0% |
| Plant, machinery and equipment | 23 | €796,964 | €741,317 | -€55,646 | -7.0% |
| Furniture and vehicles | 24 | €16,770 | €199,975 | +€183,205 | +1092.5% |
| Financial fixed assets | 28 | €19,300 | €21,858 | +€2,558 | +13.3% |
| Current assets | 29/58 | €5,973,624 | €6,766,259 | +€792,635 | +13.3% |
| Stocks and contracts in progress | 3 | €12,610 | €12,610 | = | 0.0% |
| Stocks | 30/36 | €12,610 | €12,610 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,386,040 | €3,614,724 | +€228,684 | +6.8% |
| Trade receivables | 40 | €755,031 | €955,071 | +€200,040 | +26.5% |
| Other amounts receivable | 41 | €2,631,008 | €2,659,653 | +€28,644 | +1.1% |
| Current investments | 50/53 | - | €1,250,000 | +€1.3m | |
| Cash at bank and in hand | 54/58 | €2,501,717 | €1,807,017 | -€694,699 | -27.8% |
| Deferred charges and accrued income | 490/1 | €73,257 | €81,907 | +€8,650 | +11.8% |
| Total equity and liabilities | 10/49 | €13,591,078 | €14,233,481 | +€642,403 | +4.7% |
| Equity | 10/15 | €9,711,838 | €9,683,742 | -€28,096 | -0.3% |
| Reserves | 13 | €3,983,871 | €4,178,220 | +€194,349 | +4.9% |
| Profit (loss) carried forward | 14 | €581,012 | €581,012 | = | 0.0% |
| Investment grants | 15 | €5,146,955 | €4,924,509 | -€222,445 | -4.3% |
| Provisions and deferred taxes | 16 | €18,910 | €81,172 | +€62,263 | +329.3% |
| Amounts payable | 17/49 | €3,860,331 | €4,468,567 | +€608,236 | +15.8% |
| Amounts payable after more than one year | 17 | €1,305,631 | €1,134,059 | -€171,571 | -13.1% |
| Financial debts | 170/4 | €1,305,631 | €1,134,059 | -€171,571 | -13.1% |
| Amounts payable within one year | 42/48 | €2,550,813 | €3,013,118 | +€462,305 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €173,995 | €174,611 | +€616 | +0.4% |
| Trade debts | 44 | €483,339 | €797,110 | +€313,771 | +64.9% |
| Suppliers | 440/4 | €483,339 | €797,110 | +€313,771 | +64.9% |
| Taxes, remuneration and social security | 45 | €1,075,077 | €963,440 | -€111,637 | -10.4% |
| Taxes | 450/3 | €57,387 | €67,678 | +€10,292 | +17.9% |
| Remuneration and social security | 454/9 | €1,017,690 | €895,761 | -€121,929 | -12.0% |
| Accrued charges and deferred income | 492/3 | €3,887 | €321,391 | +€317,503 | +8167.6% |
| Non-recurring operating income | 76A | €11,454 | €23,809 | +€12,355 | +107.9% |
| Remuneration, social security and pensions | 62 | €6,373,333 | €6,987,719 | +€614,386 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €881,286 | €870,743 | -€10,542 | -1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,518 | €9,555 | +€18,072 | |
| Other operating charges | 640/8 | €47,431 | €10,343 | -€37,088 | -78.2% |
| Non-recurring operating charges | 66A | €1,049 | €3,969 | +€2,919 | +278.2% |
| Gross operating margin | 9900 | €7,265,622 | €8,226,886 | +€961,264 | +13.2% |
| Operating profit (loss) | 9901 | €179,826 | €282,295 | +€102,469 | +57.0% |
| Financial income | 75/76B | €1,666 | €10,222 | +€8,557 | +513.7% |
| Recurring financial income | 75 | €1,666 | €10,222 | +€8,557 | +513.7% |
| Financial charges | 65/66B | €31,052 | €26,167 | -€4,886 | -15.7% |
| Recurring financial charges | 65 | €24,088 | €21,540 | -€2,548 | -10.6% |
| Non-recurring financial charges | 66B | €6,964 | €4,626 | -€2,338 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €150,440 | €266,351 | +€115,911 | +77.0% |
| Income taxes | 67/77 | €37,516 | €72,002 | +€34,486 | +91.9% |
| Profit (loss) for the period | 9904 | €112,924 | €194,349 | +€81,425 | +72.1% |
| Profit (loss) for the period to be appropriated | 9905 | €112,924 | €194,349 | +€81,425 | +72.1% |
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 10 October 2026 via checked.be.