VIC: 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.
VIC
Largest movements
- Tangible fixed assets -€48,904
down €48,904 (-4.6%), from €1.1m to €1.0m
of which Land and buildings: -€48,904
- Deferred charges and accrued income +€11,443
up €11,443 (+1247.5%), from €917 to €12,360
- Debts after one year -€58,846
down €58,846 (-10.0%), from €588,461 to €529,615
- Other debts +€14,394
up €14,394 (+2.7%), from €533,598 to €547,992
- Other operating charges +€4,349
up €4,349 (+499.6%), from €871 to €5,220
- Gross operating margin +€2,474
up €2,474 (+4.2%), from €59,458 to €61,932
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 | €1,110,317 | €1,076,982 | -€33,336 | -3.0% |
| Formation expenses | 20 | €35,694 | €35,694 | = | 0.0% |
| Fixed assets | 21/28 | €1,060,380 | €1,011,476 | -€48,904 | -4.6% |
| Tangible fixed assets | 22/27 | €1,060,380 | €1,011,476 | -€48,904 | -4.6% |
| Land and buildings | 22 | €1,029,715 | €980,812 | -€48,904 | -4.7% |
| Other tangible fixed assets | 26 | €30,665 | €30,665 | = | 0.0% |
| Current assets | 29/58 | €14,243 | €29,811 | +€15,568 | +109.3% |
| Amounts receivable within one year | 40/41 | €7,620 | €1,193 | -€6,428 | -84.3% |
| Other amounts receivable | 41 | €7,620 | €1,193 | -€6,428 | -84.3% |
| Cash at bank and in hand | 54/58 | €5,706 | €16,258 | +€10,553 | +184.9% |
| Deferred charges and accrued income | 490/1 | €917 | €12,360 | +€11,443 | +1247.5% |
| Total equity and liabilities | 10/49 | €1,110,317 | €1,076,982 | -€33,336 | -3.0% |
| Equity | 10/15 | -€78,702 | -€77,605 | +€1,097 | +1.4% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €477 | €477 | = | 0.0% |
| Non-distributable reserves | 130/1 | €477 | €477 | = | 0.0% |
| Legal reserve | 130 | €477 | €477 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€142,179 | -€141,082 | +€1,097 | +0.8% |
| Amounts payable | 17/49 | €1,189,019 | €1,154,587 | -€34,432 | -2.9% |
| Amounts payable after more than one year | 17 | €588,461 | €529,615 | -€58,846 | -10.0% |
| Financial debts | 170/4 | €588,461 | €529,615 | -€58,846 | -10.0% |
| Amounts payable within one year | 42/48 | €596,370 | €620,529 | +€24,159 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €58,846 | €58,846 | = | 0.0% |
| Trade debts | 44 | €3,926 | €13,691 | +€9,765 | +248.7% |
| Suppliers | 440/4 | €3,926 | €13,691 | +€9,765 | +248.7% |
| Other amounts payable | 47/48 | €533,598 | €547,992 | +€14,394 | +2.7% |
| Accrued charges and deferred income | 492/3 | €4,188 | €4,443 | +€255 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,867 | €48,904 | +€37 | +0.1% |
| Other operating charges | 640/8 | €871 | €5,220 | +€4,349 | +499.6% |
| Gross operating margin | 9900 | €59,458 | €61,932 | +€2,474 | +4.2% |
| Operating profit (loss) | 9901 | €9,721 | €7,809 | -€1,911 | -19.7% |
| Financial charges | 65/66B | €7,323 | €6,713 | -€611 | -8.3% |
| Recurring financial charges | 65 | €7,323 | €6,713 | -€611 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €2,397 | €1,097 | -€1,301 | -54.3% |
| Profit (loss) for the period | 9904 | €2,397 | €1,097 | -€1,301 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,397 | €1,097 | -€1,301 | -54.3% |
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 11 October 2026 via checked.be.