Vicar Projects: 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.
Vicar Projects
Largest movements
- Cash +€20,604
up €20,604 (+580%), from €3,551 to €24,155
mainly Net result for the year (+€16,500) and Depreciation (+€9,208)
- Tangible fixed assets -€8,016
down €8,016 (-19.2%), from €41,819 to €33,803
- Receivables within one year +€2,869
up €2,869 (+22.0%), from €13,030 to €15,899
of which Trade receivables: +€2,874
- Reserves +€15,667
up €15,667 (+122%), from €12,856 to €28,523
- Debts after one year -€6,254
down €6,254 (-25.1%), from €24,915 to €18,661
- Tax, wage and social debts +€4,108
up €4,108 (+40.2%), from €10,217 to €14,325
- Other debts +€1,833
up €1,833 (+183%), from €1,000 to €2,833
- Gross operating margin +€11,231
up €11,231 (+46.1%), from €24,349 to €35,580
- Depreciation +€5,689
up €5,689 (+162%), from €3,519 to €9,208
- Taxes +€2,051
up €2,051 (+43.5%), from €4,712 to €6,762
- Other operating charges -€825
down €825 (-35.6%), from €2,315 to €1,490
- Financial charges +€671
up €671 (+70.8%), from €948 to €1,620
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 | €60,355 | €75,833 | +€15,478 | +25.6% |
| Fixed assets | 21/28 | €41,819 | €33,803 | -€8,016 | -19.2% |
| Tangible fixed assets | 22/27 | €41,819 | €33,803 | -€8,016 | -19.2% |
| Furniture and vehicles | 24 | €41,819 | €33,803 | -€8,016 | -19.2% |
| Current assets | 29/58 | €18,535 | €42,030 | +€23,494 | +127% |
| Amounts receivable within one year | 40/41 | €13,030 | €15,899 | +€2,869 | +22.0% |
| Trade receivables | 40 | €13,026 | €15,899 | +€2,874 | +22.1% |
| Other amounts receivable | 41 | €5 | - | -€5 | |
| Cash at bank and in hand | 54/58 | €3,551 | €24,155 | +€20,604 | +580% |
| Deferred charges and accrued income | 490/1 | €1,954 | €1,976 | +€21 | +1.1% |
| Total equity and liabilities | 10/49 | €60,355 | €75,833 | +€15,478 | +25.6% |
| Equity | 10/15 | €17,856 | €33,523 | +€15,667 | +87.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €12,856 | €28,523 | +€15,667 | +122% |
| Distributable reserves | 133 | €12,856 | €28,523 | +€15,667 | +122% |
| Amounts payable | 17/49 | €42,499 | €42,311 | -€189 | -0.4% |
| Amounts payable after more than one year | 17 | €24,915 | €18,661 | -€6,254 | -25.1% |
| Financial debts | 170/4 | €24,915 | €18,661 | -€6,254 | -25.1% |
| Amounts payable within one year | 42/48 | €17,585 | €23,650 | +€6,065 | +34.5% |
| Current portion of amounts payable after more than one year | 42 | €5,446 | €5,745 | +€300 | +5.5% |
| Trade debts | 44 | €922 | €747 | -€175 | -19.0% |
| Suppliers | 440/4 | €922 | €747 | -€175 | -19.0% |
| Taxes, remuneration and social security | 45 | €10,217 | €14,325 | +€4,108 | +40.2% |
| Taxes | 450/3 | €10,217 | €14,325 | +€4,108 | +40.2% |
| Other amounts payable | 47/48 | €1,000 | €2,833 | +€1,833 | +183% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,519 | €9,208 | +€5,689 | +162% |
| Other operating charges | 640/8 | €2,315 | €1,490 | -€825 | -35.6% |
| Gross operating margin | 9900 | €24,349 | €35,580 | +€11,231 | +46.1% |
| Operating profit (loss) | 9901 | €18,515 | €24,882 | +€6,367 | +34.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1,300% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1,300% |
| Financial charges | 65/66B | €948 | €1,620 | +€671 | +70.8% |
| Recurring financial charges | 65 | €948 | €1,620 | +€671 | +70.8% |
| Profit (loss) for the period before taxes | 9903 | €17,567 | €23,262 | +€5,695 | +32.4% |
| Income taxes | 67/77 | €4,712 | €6,762 | +€2,051 | +43.5% |
| Profit (loss) for the period | 9904 | €12,856 | €16,500 | +€3,644 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,856 | €16,500 | +€3,644 | +28.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.