VIC-ART: 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.
What changed
VIC-ART
NACE 66.199, Other activities auxiliary to financial services, excluding insurance and pension funding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€9,259
2024 · €504+€8,755
Equity
€264,098
2024 · €254,839+€9,259
Cash
€5,816
2024 · €6,285-€469
Balance sheet total
€2.1m
2024 · €2.3m-€202,471
Largest movements
Assets
- Tangible fixed assets -€151,119
down €151,119 (-8.4%), from €1.8m to €1.6m
of which Land and buildings: -€150,766
- Receivables within one year -€58,991
down €58,991 (-36.2%), from €162,855 to €103,864
of which Other amounts receivable: -€47,493
Equity and liabilities
- Debts after one year -€139,823
down €139,823 (-10.7%), from €1.3m to €1.2m
- Tax, wage and social debts -€26,530
down €26,530 (-55.5%), from €47,840 to €21,310
of which Taxes: -€20,356
Income statement
- Financial charges -€38,451
down €38,451 (-47.8%), from €80,484 to €42,033
- Depreciation -€26,751
down €26,751 (-52.4%), from €51,089 to €24,338
- Gross operating margin -€10,748
down €10,748 (-6.0%), from €180,610 to €169,862
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.
Result 2024
€504
Gross operating margin
-€10,748
Staff costs
+€24
Depreciation
+€26,751
Other operating charges
-€311
Other operating items
-€48,038
Financial income
+€997
Financial charges
+€38,451
Taxes
+€1,629
Result 2025
€9,259
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€27,216
Investment
+€126,781
Financing
-€154,465
Cash 2024
€6,285
From operations (derived)
+€27,216
Net result for the year
+€9,259
Depreciation
+€24,338
Receivables within one year
+€58,991
Deferred charges and accrued income
-€8,107
Trade debts
-€2,554
Tax, wage and social debts
-€26,530
Other debts
-€18,711
Accrued charges and deferred income
-€9,469
Investment (derived)
+€126,781
Investment in fixed assets (net)
+€126,781
Financing
-€154,465
Debts after one year
-€139,823
Current portion of long-term debt
-€14,642
Cash 2025
€5,816
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,302,741 | €2,100,270 | -€202,471 | -8.8% |
| Fixed assets | 21/28 | €2,117,901 | €1,966,782 | -€151,119 | -7.1% |
| Tangible fixed assets | 22/27 | €1,791,100 | €1,639,982 | -€151,119 | -8.4% |
| Land and buildings | 22 | €1,789,071 | €1,638,304 | -€150,766 | -8.4% |
| Plant, machinery and equipment | 23 | €2,030 | €1,678 | -€352 | -17.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €326,801 | €326,801 | = | 0.0% |
| Current assets | 29/58 | €184,839 | €133,487 | -€51,352 | -27.8% |
| Amounts receivable within one year | 40/41 | €162,855 | €103,864 | -€58,991 | -36.2% |
| Trade receivables | 40 | €99,492 | €87,995 | -€11,497 | -11.6% |
| Other amounts receivable | 41 | €63,363 | €15,869 | -€47,493 | -75.0% |
| Cash at bank and in hand | 54/58 | €6,285 | €5,816 | -€469 | -7.5% |
| Deferred charges and accrued income | 490/1 | €15,700 | €23,807 | +€8,107 | +51.6% |
| Total equity and liabilities | 10/49 | €2,302,741 | €2,100,270 | -€202,471 | -8.8% |
| Equity | 10/15 | €254,839 | €264,098 | +€9,259 | +3.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €234,839 | €244,098 | +€9,259 | +3.9% |
| Distributable reserves | 133 | €234,839 | €244,098 | +€9,259 | +3.9% |
| Amounts payable | 17/49 | €2,047,902 | €1,836,172 | -€211,730 | -10.3% |
| Amounts payable after more than one year | 17 | €1,312,556 | €1,172,733 | -€139,823 | -10.7% |
| Financial debts | 170/4 | €1,312,556 | €1,172,733 | -€139,823 | -10.7% |
| Amounts payable within one year | 42/48 | €713,556 | €651,118 | -€62,438 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €154,465 | €139,823 | -€14,642 | -9.5% |
| Trade debts | 44 | €12,559 | €10,005 | -€2,554 | -20.3% |
| Suppliers | 440/4 | €12,559 | €10,005 | -€2,554 | -20.3% |
| Taxes, remuneration and social security | 45 | €47,840 | €21,310 | -€26,530 | -55.5% |
| Taxes | 450/3 | €38,988 | €18,632 | -€20,356 | -52.2% |
| Remuneration and social security | 454/9 | €8,853 | €2,678 | -€6,175 | -69.7% |
| Other amounts payable | 47/48 | €498,692 | €479,980 | -€18,711 | -3.8% |
| Accrued charges and deferred income | 492/3 | €21,790 | €12,320 | -€9,469 | -43.5% |
| Remuneration, social security and pensions | 62 | €24 | €0 | -€24 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,089 | €24,338 | -€26,751 | -52.4% |
| Other operating charges | 640/8 | €27,228 | €27,540 | +€311 | +1.1% |
| Non-recurring operating charges | 66A | €14,530 | €62,567 | +€48,038 | +331% |
| Gross operating margin | 9900 | €180,610 | €169,862 | -€10,748 | -6.0% |
| Operating profit (loss) | 9901 | €87,739 | €55,417 | -€32,322 | -36.8% |
| Financial income | 75/76B | €3 | €1,000 | +€997 | +33,331% |
| Recurring financial income | 75 | €3 | €1,000 | +€997 | +33,331% |
| Financial charges | 65/66B | €80,484 | €42,033 | -€38,451 | -47.8% |
| Recurring financial charges | 65 | €80,484 | €42,033 | -€38,451 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €7,258 | €14,384 | +€7,125 | +98.2% |
| Income taxes | 67/77 | €6,754 | €5,125 | -€1,629 | -24.1% |
| Profit (loss) for the period | 9904 | €504 | €9,259 | +€8,755 | +1,737% |
| Profit (loss) for the period to be appropriated | 9905 | €504 | €9,259 | +€8,755 | +1,737% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.