VICALIMMO: 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.
VICALIMMO
Largest movements
- Stocks and contracts +€225,519
up €225,519 (+600.9%), from €37,530 to €263,049
- Tangible fixed assets +€206,780
up €206,780 (+628.9%), from €32,877 to €239,657
of which Land and buildings: +€215,237
- Cash -€51,567
down €51,567 (-92.7%), from €55,619 to €4,052
mainly Stocks and contracts (-€225,519) and Investment in fixed assets (net) (-€220,900)
- Receivables within one year -€15,129
down €15,129 (-96.8%), from €15,629 to €500
of which Trade receivables: -€15,000
- Debts after one year +€168,978
up €168,978 (+338.0%), from €50,000 to €218,978
- Other debts +€143,446
up €143,446 (+138.4%), from €103,635 to €247,081
- Tax, wage and social debts +€54,623
up €54,623 (+13006.4%), from €420 to €55,043
- Profit (loss) carried forward -€21,990
down €21,990 (-126.1%), from -€17,438 to -€39,428
- Current portion of long-term debt +€19,630
new in 2025: €19,630
- Gross operating margin +€41,855
up €41,855, from -€2,983 to €38,872
- Other operating charges +€24,562
up €24,562 (+2287.5%), from €1,074 to €25,636
- Financial charges +€18,992
up €18,992 (+941.5%), from €2,017 to €21,009
- Depreciation +€5,663
up €5,663 (+67.0%), from €8,456 to €14,120
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 | €141,655 | €508,887 | +€367,232 | +259.2% |
| Fixed assets | 21/28 | €32,877 | €239,657 | +€206,780 | +628.9% |
| Tangible fixed assets | 22/27 | €32,877 | €239,657 | +€206,780 | +628.9% |
| Land and buildings | 22 | - | €215,237 | +€215,237 | |
| Furniture and vehicles | 24 | €32,877 | €24,421 | -€8,456 | -25.7% |
| Current assets | 29/58 | €108,778 | €269,230 | +€160,452 | +147.5% |
| Stocks and contracts in progress | 3 | €37,530 | €263,049 | +€225,519 | +600.9% |
| Stocks | 30/36 | €37,530 | €263,049 | +€225,519 | +600.9% |
| Amounts receivable within one year | 40/41 | €15,629 | €500 | -€15,129 | -96.8% |
| Trade receivables | 40 | €15,500 | €500 | -€15,000 | -96.8% |
| Other amounts receivable | 41 | €129 | €0 | -€129 | -100.0% |
| Cash at bank and in hand | 54/58 | €55,619 | €4,052 | -€51,567 | -92.7% |
| Deferred charges and accrued income | 490/1 | - | €1,629 | +€1,629 | |
| Total equity and liabilities | 10/49 | €141,655 | €508,887 | +€367,232 | +259.2% |
| Equity | 10/15 | -€12,438 | -€34,428 | -€21,990 | -176.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,438 | -€39,428 | -€21,990 | -126.1% |
| Amounts payable | 17/49 | €154,093 | €543,315 | +€389,222 | +252.6% |
| Amounts payable after more than one year | 17 | €50,000 | €218,978 | +€168,978 | +338.0% |
| Financial debts | 170/4 | €50,000 | €218,978 | +€168,978 | +338.0% |
| Amounts payable within one year | 42/48 | €104,093 | €324,337 | +€220,244 | +211.6% |
| Current portion of amounts payable after more than one year | 42 | - | €19,630 | +€19,630 | |
| Financial debts | 43 | - | €1,400 | +€1,400 | |
| Other loans | 439 | - | €1,400 | +€1,400 | |
| Trade debts | 44 | €38 | €1,182 | +€1,145 | +3036.7% |
| Suppliers | 440/4 | €38 | €1,182 | +€1,145 | +3036.7% |
| Taxes, remuneration and social security | 45 | €420 | €55,043 | +€54,623 | +13006.4% |
| Taxes | 450/3 | €420 | €55,043 | +€54,623 | +13006.4% |
| Other amounts payable | 47/48 | €103,635 | €247,081 | +€143,446 | +138.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,456 | €14,120 | +€5,663 | +67.0% |
| Other operating charges | 640/8 | €1,074 | €25,636 | +€24,562 | +2287.5% |
| Gross operating margin | 9900 | -€2,983 | €38,872 | +€41,855 | |
| Operating profit (loss) | 9901 | -€12,513 | -€883 | +€11,630 | +92.9% |
| Financial income | 75/76B | - | €35 | +€35 | |
| Recurring financial income | 75 | - | €35 | +€35 | |
| Financial charges | 65/66B | €2,017 | €21,009 | +€18,992 | +941.5% |
| Recurring financial charges | 65 | €2,017 | €21,009 | +€18,992 | +941.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,531 | -€21,858 | -€7,327 | -50.4% |
| Income taxes | 67/77 | €132 | €132 | +€0 | +0.1% |
| Profit (loss) for the period | 9904 | -€14,663 | -€21,990 | -€7,327 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,663 | -€21,990 | -€7,327 | -50.0% |
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 2 October 2026 via checked.be.