VIAVERO: 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.
VIAVERO
Largest movements
- Cash +€29,166
up €29,166 (+13.1%), from €222,284 to €251,451
mainly Net result for the year (+€64,159) and Depreciation (+€13,969)
- Tangible fixed assets -€13,969
down €13,969 (-17.7%), from €79,042 to €65,073
of which Land and buildings: -€12,282
- Other debts +€8,910
up €8,910 (+15.6%), from €57,156 to €66,066
- Tax, wage and social debts +€7,540
up €7,540 (+70.9%), from €10,640 to €18,180
of which Taxes: +€4,890
- Gross operating margin +€14,730
up €14,730 (+16.1%), from €91,567 to €106,297
- Other operating charges +€4,676
up €4,676 (+217.7%), from €2,148 to €6,823
- Taxes +€2,905
up €2,905 (+13.4%), from €21,629 to €24,534
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €401,304 | €418,829 | +€17,525 | +4.4% |
| Fixed assets | 21/28 | €79,042 | €65,073 | -€13,969 | -17.7% |
| Tangible fixed assets | 22/27 | €79,042 | €65,073 | -€13,969 | -17.7% |
| Land and buildings | 22 | €76,148 | €63,866 | -€12,282 | -16.1% |
| Plant, machinery and equipment | 23 | €832 | €452 | -€379 | -45.6% |
| Furniture and vehicles | 24 | €2,063 | €755 | -€1,307 | -63.4% |
| Current assets | 29/58 | €322,262 | €353,756 | +€31,494 | +9.8% |
| Amounts receivable within one year | 40/41 | €99,978 | €102,305 | +€2,328 | +2.3% |
| Trade receivables | 40 | €19,978 | €22,305 | +€2,328 | +11.7% |
| Other amounts receivable | 41 | €80,000 | €80,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €222,284 | €251,451 | +€29,166 | +13.1% |
| Total equity and liabilities | 10/49 | €401,304 | €418,829 | +€17,525 | +4.4% |
| Equity | 10/15 | €331,111 | €330,142 | -€969 | -0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €312,511 | €311,542 | -€969 | -0.3% |
| Distributable reserves | 133 | €312,511 | €311,542 | -€969 | -0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €70,193 | €88,687 | +€18,494 | +26.3% |
| Amounts payable within one year | 42/48 | €70,043 | €88,687 | +€18,644 | +26.6% |
| Financial debts | 43 | - | €20 | +€20 | |
| Credit institutions | 430/8 | - | €20 | +€20 | |
| Trade debts | 44 | €2,247 | €4,421 | +€2,174 | +96.7% |
| Suppliers | 440/4 | €2,247 | €4,421 | +€2,174 | +96.7% |
| Taxes, remuneration and social security | 45 | €10,640 | €18,180 | +€7,540 | +70.9% |
| Taxes | 450/3 | €10,640 | €15,530 | +€4,890 | +46.0% |
| Remuneration and social security | 454/9 | €0 | €2,650 | +€2,650 | |
| Other amounts payable | 47/48 | €57,156 | €66,066 | +€8,910 | +15.6% |
| Accrued charges and deferred income | 492/3 | €150 | €0 | -€150 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | €27 | +€27 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,252 | €13,969 | -€284 | -2.0% |
| Other operating charges | 640/8 | €2,148 | €6,823 | +€4,676 | +217.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €91,567 | €106,297 | +€14,730 | +16.1% |
| Operating profit (loss) | 9901 | €75,167 | €85,478 | +€10,311 | +13.7% |
| Financial income | 75/76B | €3,530 | €3,959 | +€429 | +12.1% |
| Recurring financial income | 75 | €3,530 | €3,959 | +€429 | +12.1% |
| Financial charges | 65/66B | €755 | €744 | -€11 | -1.5% |
| Recurring financial charges | 65 | €755 | €744 | -€11 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €77,942 | €88,693 | +€10,751 | +13.8% |
| Income taxes | 67/77 | €21,629 | €24,534 | +€2,905 | +13.4% |
| Profit (loss) for the period | 9904 | €56,313 | €64,159 | +€7,846 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,313 | €64,159 | +€7,846 | +13.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.