VICALI: what changed
Two fiscal 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.
VICALI
Largest movements
- Current investments +€32,863
up €32,863 (+76.1%), from €43,178 to €76,041
- Cash +€16,951
up €16,951 (+55.8%), from €30,372 to €47,323
mainly Net result for the year (+€44,129) and Depreciation (+€10,592)
- Tangible fixed assets -€10,592
down €10,592 (-30.5%), from €34,758 to €24,167
of which Furniture and vehicles: -€9,998
- Reserves +€44,129
up €44,129 (+55.7%), from €79,262 to €123,391
- Debts after one year -€8,265
down €8,265 (-43.2%), from €19,146 to €10,881
- Gross operating margin +€5,982
up €5,982 (+8.9%), from €67,401 to €73,383
- Taxes +€1,325
up €1,325 (+9.3%), from €14,253 to €15,578
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 | €117,558 | €154,614 | +€37,056 | +31.5% |
| Fixed assets | 21/28 | €34,758 | €24,167 | -€10,592 | -30.5% |
| Tangible fixed assets | 22/27 | €34,758 | €24,167 | -€10,592 | -30.5% |
| Plant, machinery and equipment | 23 | €1,936 | €1,343 | -€594 | -30.7% |
| Furniture and vehicles | 24 | €32,822 | €22,824 | -€9,998 | -30.5% |
| Current assets | 29/58 | €82,799 | €130,447 | +€47,647 | +57.5% |
| Amounts receivable within one year | 40/41 | €747 | €0 | -€747 | -100.0% |
| Other amounts receivable | 41 | €747 | €0 | -€747 | -100.0% |
| Current investments | 50/53 | €43,178 | €76,041 | +€32,863 | +76.1% |
| Cash at bank and in hand | 54/58 | €30,372 | €47,323 | +€16,951 | +55.8% |
| Deferred charges and accrued income | 490/1 | €8,502 | €7,084 | -€1,419 | -16.7% |
| Total equity and liabilities | 10/49 | €117,558 | €154,614 | +€37,056 | +31.5% |
| Equity | 10/15 | €84,262 | €128,391 | +€44,129 | +52.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €79,262 | €123,391 | +€44,129 | +55.7% |
| Distributable reserves | 133 | €79,262 | €123,391 | +€44,129 | +55.7% |
| Amounts payable | 17/49 | €33,296 | €26,222 | -€7,073 | -21.2% |
| Amounts payable after more than one year | 17 | €19,146 | €10,881 | -€8,265 | -43.2% |
| Financial debts | 170/4 | €19,146 | €10,881 | -€8,265 | -43.2% |
| Amounts payable within one year | 42/48 | €14,149 | €14,825 | +€675 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €7,894 | €8,265 | +€372 | +4.7% |
| Trade debts | 44 | €674 | €608 | -€66 | -9.8% |
| Suppliers | 440/4 | €674 | €608 | -€66 | -9.8% |
| Taxes, remuneration and social security | 45 | €0 | €578 | +€578 | |
| Taxes | 450/3 | €0 | €578 | +€578 | |
| Other amounts payable | 47/48 | €5,582 | €5,374 | -€208 | -3.7% |
| Accrued charges and deferred income | 492/3 | €0 | €517 | +€517 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,373 | €10,592 | +€219 | +2.1% |
| Other operating charges | 640/8 | €677 | €593 | -€84 | -12.4% |
| Gross operating margin | 9900 | €67,401 | €73,383 | +€5,982 | +8.9% |
| Operating profit (loss) | 9901 | €56,351 | €62,198 | +€5,846 | +10.4% |
| Financial charges | 65/66B | €2,905 | €2,491 | -€414 | -14.3% |
| Recurring financial charges | 65 | €2,905 | €2,491 | -€414 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €53,447 | €59,707 | +€6,261 | +11.7% |
| Income taxes | 67/77 | €14,253 | €15,578 | +€1,325 | +9.3% |
| Profit (loss) for the period | 9904 | €39,194 | €44,129 | +€4,935 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,194 | €44,129 | +€4,935 | +12.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.