VIAZ: 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.
VIAZ
Largest movements
- Receivables within one year -€7,459
down €7,459 (-27.4%), from €27,270 to €19,810
- Cash +€6,824
up €6,824 (+730.1%), from €935 to €7,759
mainly Net result for the year (+€10,636) and Receivables within one year (+€7,459)
- Deferred charges and accrued income -€5,823
down €5,823 (-73.8%), from €7,895 to €2,072
- Tangible fixed assets -€5,550
down €5,550 (-18.2%), from €30,514 to €24,964
of which Furniture and vehicles: -€2,949
- Profit (loss) carried forward +€10,636
up €10,636 (+39.9%), from -€26,651 to -€16,014
- Other debts -€9,798
down €9,798 (-29.9%), from €32,766 to €22,967
- Trade debts -€8,520
down €8,520 (-38.5%), from €22,126 to €13,606
- Short-term financial debts -€4,977
no longer reported in 2025 (was €4,977)
- Accrued charges and deferred income +€4,100
new in 2025: €4,100
- Gross operating margin +€17,816
up €17,816, from -€295 to €17,521
- Financial charges -€243
down €243 (-27.9%), from €869 to €626
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 | €66,614 | €54,605 | -€12,009 | -18.0% |
| Fixed assets | 21/28 | €30,514 | €24,964 | -€5,550 | -18.2% |
| Tangible fixed assets | 22/27 | €30,514 | €24,964 | -€5,550 | -18.2% |
| Land and buildings | 22 | €13,541 | €11,866 | -€1,675 | -12.4% |
| Plant, machinery and equipment | 23 | €1,743 | €974 | -€768 | -44.1% |
| Furniture and vehicles | 24 | €13,959 | €11,009 | -€2,949 | -21.1% |
| Other tangible fixed assets | 26 | €1,272 | €1,115 | -€157 | -12.4% |
| Current assets | 29/58 | €36,100 | €29,641 | -€6,459 | -17.9% |
| Amounts receivable within one year | 40/41 | €27,270 | €19,810 | -€7,459 | -27.4% |
| Trade receivables | 40 | €27,270 | €19,810 | -€7,459 | -27.4% |
| Cash at bank and in hand | 54/58 | €935 | €7,759 | +€6,824 | +730.1% |
| Deferred charges and accrued income | 490/1 | €7,895 | €2,072 | -€5,823 | -73.8% |
| Total equity and liabilities | 10/49 | €66,614 | €54,605 | -€12,009 | -18.0% |
| Equity | 10/15 | -€664 | €9,973 | +€10,636 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €24,987 | €24,987 | = | 0.0% |
| Distributable reserves | 133 | €24,987 | €24,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,651 | -€16,014 | +€10,636 | +39.9% |
| Amounts payable | 17/49 | €67,278 | €44,632 | -€22,645 | -33.7% |
| Amounts payable within one year | 42/48 | €67,278 | €40,533 | -€26,745 | -39.8% |
| Current portion of amounts payable after more than one year | 42 | €645 | - | -€645 | |
| Financial debts | 43 | €4,977 | - | -€4,977 | |
| Credit institutions | 430/8 | €4,977 | - | -€4,977 | |
| Trade debts | 44 | €22,126 | €13,606 | -€8,520 | -38.5% |
| Suppliers | 440/4 | €22,126 | €13,606 | -€8,520 | -38.5% |
| Taxes, remuneration and social security | 45 | €6,764 | €3,959 | -€2,804 | -41.5% |
| Taxes | 450/3 | €5,614 | €3,959 | -€1,654 | -29.5% |
| Remuneration and social security | 454/9 | €1,150 | - | -€1,150 | |
| Other amounts payable | 47/48 | €32,766 | €22,967 | -€9,798 | -29.9% |
| Accrued charges and deferred income | 492/3 | - | €4,100 | +€4,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,660 | €5,550 | -€110 | -1.9% |
| Other operating charges | 640/8 | €343 | €420 | +€77 | +22.4% |
| Gross operating margin | 9900 | -€295 | €17,521 | +€17,816 | |
| Operating profit (loss) | 9901 | -€6,298 | €11,551 | +€17,849 | |
| Financial charges | 65/66B | €869 | €626 | -€243 | -27.9% |
| Recurring financial charges | 65 | €869 | €626 | -€243 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,168 | €10,924 | +€18,092 | |
| Income taxes | 67/77 | €188 | €288 | +€100 | +53.5% |
| Profit (loss) for the period | 9904 | -€7,355 | €10,636 | +€17,991 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,355 | €10,636 | +€17,991 |
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.