Vica: 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.
Vica
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+61.8%), from €2.2m to €3.6m
of which Land and buildings: +€1.4m
- Current investments -€600,000
down €600,000 (-60.0%), from €1.0m to €400,000
- Receivables within one year +€373,982
up €373,982 (+388%), from €96,488 to €470,470
of which Other amounts receivable: +€355,280
- Cash +€120,436
up €120,436 (+174%), from €69,355 to €189,791
mainly Other debts (+€1.8m) and Current investments (+€600,000)
- Other debts +€1.8m
up €1.8m (+237%), from €767,229 to €2.6m
- Profit (loss) carried forward -€238,011
down €238,011 (-35.4%), from -€672,967 to -€910,978
- Reserves -€193,969
down €193,969 (-53.3%), from €363,969 to €170,000
of which Tax-exempt reserves: -€168,992
- Depreciation +€374,932
up €374,932 (+315%), from €119,055 to €493,987
- Gross operating margin +€27,548
up €27,548 (+306%), from €9,009 to €36,557
- Write-downs +€21,000
no longer reported in 2025 (was -€21,000)
- Other operating charges -€13,063
down €13,063 (-59.9%), from €21,816 to €8,753
- Taxes -€8,640
down €8,640 (-95.7%), from €9,031 to €391
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,043,351 | €7,361,879 | +€1.3m | +21.8% |
| Fixed assets | 21/28 | €3,290,154 | €4,649,930 | +€1.4m | +41.3% |
| Tangible fixed assets | 22/27 | €2,200,964 | €3,560,740 | +€1.4m | +61.8% |
| Land and buildings | 22 | €1,993,769 | €3,406,322 | +€1.4m | +70.8% |
| Plant, machinery and equipment | 23 | €87,092 | €65,696 | -€21,396 | -24.6% |
| Furniture and vehicles | 24 | €120,103 | €88,722 | -€31,381 | -26.1% |
| Financial fixed assets | 28 | €1,089,190 | €1,089,190 | = | 0.0% |
| Current assets | 29/58 | €2,753,197 | €2,711,949 | -€41,248 | -1.5% |
| Stocks and contracts in progress | 3 | €1,580,519 | €1,642,133 | +€61,614 | +3.9% |
| Stocks | 30/36 | €1,580,519 | €1,642,133 | +€61,614 | +3.9% |
| Amounts receivable within one year | 40/41 | €96,488 | €470,470 | +€373,982 | +388% |
| Trade receivables | 40 | €3,600 | €22,303 | +€18,703 | +520% |
| Other amounts receivable | 41 | €92,888 | €448,168 | +€355,280 | +382% |
| Current investments | 50/53 | €1,000,000 | €400,000 | -€600,000 | -60.0% |
| Cash at bank and in hand | 54/58 | €69,355 | €189,791 | +€120,436 | +174% |
| Deferred charges and accrued income | 490/1 | €6,835 | €9,555 | +€2,720 | +39.8% |
| Total equity and liabilities | 10/49 | €6,043,351 | €7,361,879 | +€1.3m | +21.8% |
| Equity | 10/15 | €941,002 | €509,022 | -€431,980 | -45.9% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Revaluation surpluses | 12 | €650,000 | €650,000 | = | 0.0% |
| Reserves | 13 | €363,969 | €170,000 | -€193,969 | -53.3% |
| Tax-exempt reserves | 132 | €168,992 | €0 | -€168,992 | -100% |
| Distributable reserves | 133 | €194,977 | €170,000 | -€24,977 | -12.8% |
| Profit (loss) carried forward | 14 | -€672,967 | -€910,978 | -€238,011 | -35.4% |
| Provisions and deferred taxes | 16 | €56,331 | €0 | -€56,331 | -100% |
| Deferred taxes | 168 | €56,331 | €0 | -€56,331 | -100% |
| Amounts payable | 17/49 | €5,046,018 | €6,852,857 | +€1.8m | +35.8% |
| Amounts payable after more than one year | 17 | €3,000,000 | €3,000,000 | = | 0.0% |
| Financial debts | 170/4 | €3,000,000 | €3,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,020,717 | €3,851,293 | +€1.8m | +90.6% |
| Trade debts | 44 | €1,247,056 | €1,259,691 | +€12,635 | +1.0% |
| Suppliers | 440/4 | €1,247,056 | €1,259,691 | +€12,635 | +1.0% |
| Taxes, remuneration and social security | 45 | €6,432 | €5,890 | -€542 | -8.4% |
| Taxes | 450/3 | €5,570 | €1,846 | -€3,724 | -66.9% |
| Remuneration and social security | 454/9 | €862 | €4,045 | +€3,183 | +369% |
| Other amounts payable | 47/48 | €767,229 | €2,585,712 | +€1.8m | +237% |
| Accrued charges and deferred income | 492/3 | €25,301 | €1,564 | -€23,737 | -93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,055 | €493,987 | +€374,932 | +315% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€21,000 | - | +€21,000 | |
| Other operating charges | 640/8 | €21,816 | €8,753 | -€13,063 | -59.9% |
| Non-recurring operating charges | 66A | - | €2,132 | +€2,132 | |
| Gross operating margin | 9900 | €9,009 | €36,557 | +€27,548 | +306% |
| Operating profit (loss) | 9901 | -€110,862 | -€468,315 | -€357,453 | -322% |
| Financial income | 75/76B | €21,076 | €25,191 | +€4,115 | +19.5% |
| Recurring financial income | 75 | €21,076 | €25,191 | +€4,115 | +19.5% |
| Financial charges | 65/66B | €37,825 | €44,796 | +€6,971 | +18.4% |
| Recurring financial charges | 65 | €37,825 | €44,796 | +€6,971 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | -€127,611 | -€487,920 | -€360,309 | -282% |
| Transfer from deferred taxes | 780 | €6,475 | €56,331 | +€49,856 | +770% |
| Income taxes | 67/77 | €9,031 | €391 | -€8,640 | -95.7% |
| Profit (loss) for the period | 9904 | -€130,167 | -€431,980 | -€301,813 | -232% |
| Transfer from tax-exempt reserves | 789 | €19,427 | €168,992 | +€149,565 | +770% |
| Profit (loss) for the period to be appropriated | 9905 | -€110,740 | -€262,988 | -€152,248 | -137% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.