VICAP: 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
VICAP
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€739,785
2024 · €62,633+€677,153
Equity
€5.6m
2024 · €4.8m+€739,785
Cash
€52,175
2024 · €9,582+€42,592
Balance sheet total
€9.6m
2024 · €9.6m+€21,749
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€752,203
down €752,203 (-28.8%), from €2.6m to €1.9m
of which Other amounts payable: -€500,000
- Profit (loss) carried forward +€739,785
up €739,785 (+475%), from €155,853 to €895,639
Income statement
- Financial income +€504,162
up €504,162 (+56,018,051%), from €1 to €504,163
- Gross operating margin +€142,319
up €142,319 (+38.3%), from €372,072 to €514,390
- Depreciation -€71,207
down €71,207 (-57.4%), from €124,143 to €52,937
- Taxes +€47,479
up €47,479 (+121%), from €39,366 to €86,844
- Financial charges +€19,769
up €19,769 (+22.9%), from €86,167 to €105,936
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
€62,633
Gross operating margin
+€142,319
Staff costs
+€14,010
Depreciation
+€71,207
Provisions
+€13,758
Other operating charges
-€1,055
Financial income
+€504,162
Financial charges
-€19,769
Taxes
-€47,479
Result 2025
€739,785
raises the resultlowers the result
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
+€831,888
Investment
-€26,415
Financing
-€762,880
Cash 2024
€9,582
From operations (derived)
+€831,888
Net result for the year
+€739,785
Depreciation
+€52,937
Receivables within one year
-€3,261
Deferred charges and accrued income
-€2,417
Provisions
-€13,758
Smaller working-capital items
-€2,140
Tax, wage and social debts
+€33,836
Other debts
+€26,905
Investment (derived)
-€26,415
Investment in fixed assets (net)
-€26,415
Financing
-€762,880
Debts after one year
-€752,203
Current portion of long-term debt
-€10,678
Cash 2025
€52,175
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,625,630 | €9,647,379 | +€21,749 | +0.2% |
| Fixed assets | 21/28 | €9,594,950 | €9,568,429 | -€26,521 | -0.3% |
| Tangible fixed assets | 22/27 | €580,230 | €553,869 | -€26,361 | -4.5% |
| Leasing and similar rights | 25 | €580,230 | €553,869 | -€26,361 | -4.5% |
| Financial fixed assets | 28 | €9,014,720 | €9,014,560 | -€160 | 0.0% |
| Current assets | 29/58 | €30,680 | €78,950 | +€48,270 | +157% |
| Amounts receivable within one year | 40/41 | €14,003 | €17,264 | +€3,261 | +23.3% |
| Trade receivables | 40 | €6,105 | €15,000 | +€8,895 | +146% |
| Other amounts receivable | 41 | €7,898 | €2,264 | -€5,634 | -71.3% |
| Cash at bank and in hand | 54/58 | €9,582 | €52,175 | +€42,592 | +444% |
| Deferred charges and accrued income | 490/1 | €7,095 | €9,512 | +€2,417 | +34.1% |
| Total equity and liabilities | 10/49 | €9,625,630 | €9,647,379 | +€21,749 | +0.2% |
| Equity | 10/15 | €4,819,057 | €5,558,843 | +€739,785 | +15.4% |
| Contributions | 10/11 | €2,908,961 | €2,908,961 | = | 0.0% |
| Revaluation surpluses | 12 | €1,754,243 | €1,754,243 | = | 0.0% |
| Profit (loss) carried forward | 14 | €155,853 | €895,639 | +€739,785 | +475% |
| Provisions and deferred taxes | 16 | €500,000 | €486,242 | -€13,758 | -2.8% |
| Provisions for liabilities and charges | 160/5 | €500,000 | €486,242 | -€13,758 | -2.8% |
| Environmental obligations | 163 | €500,000 | €486,242 | -€13,758 | -2.8% |
| Amounts payable | 17/49 | €4,306,573 | €3,602,294 | -€704,279 | -16.4% |
| Amounts payable after more than one year | 17 | €2,612,474 | €1,860,271 | -€752,203 | -28.8% |
| Financial debts | 170/4 | €1,325,274 | €1,073,071 | -€252,203 | -19.0% |
| Other amounts payable | 178/9 | €1,287,200 | €787,200 | -€500,000 | -38.8% |
| Amounts payable within one year | 42/48 | €1,694,099 | €1,742,023 | +€47,924 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €289,605 | €278,927 | -€10,678 | -3.7% |
| Trade debts | 44 | €11,223 | €10,483 | -€740 | -6.6% |
| Suppliers | 440/4 | €11,223 | €10,483 | -€740 | -6.6% |
| Advances received on contracts in progress | 46 | €11,400 | €10,000 | -€1,400 | -12.3% |
| Taxes, remuneration and social security | 45 | €12,628 | €46,464 | +€33,836 | +268% |
| Taxes | 450/3 | €9,907 | €46,005 | +€36,099 | +364% |
| Remuneration and social security | 454/9 | €2,721 | €458 | -€2,263 | -83.2% |
| Other amounts payable | 47/48 | €1,369,243 | €1,396,148 | +€26,905 | +2.0% |
| Remuneration, social security and pensions | 62 | €50,971 | €36,961 | -€14,010 | -27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,143 | €52,937 | -€71,207 | -57.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€13,758 | -€13,758 | |
| Other operating charges | 640/8 | €8,793 | €9,848 | +€1,055 | +12.0% |
| Gross operating margin | 9900 | €372,072 | €514,390 | +€142,319 | +38.3% |
| Operating profit (loss) | 9901 | €188,164 | €428,403 | +€240,238 | +128% |
| Financial income | 75/76B | €1 | €504,163 | +€504,162 | +56,018,051% |
| Recurring financial income | 75 | €1 | €504,163 | +€504,162 | +56,018,051% |
| Financial charges | 65/66B | €86,167 | €105,936 | +€19,769 | +22.9% |
| Recurring financial charges | 65 | €86,167 | €105,936 | +€19,769 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | €101,998 | €826,630 | +€724,632 | +710% |
| Income taxes | 67/77 | €39,366 | €86,844 | +€47,479 | +121% |
| Profit (loss) for the period | 9904 | €62,633 | €739,785 | +€677,153 | +1,081% |
| Profit (loss) for the period to be appropriated | 9905 | €62,633 | €739,785 | +€677,153 | +1,081% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.