VICARI CONSTRUCT: 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.
VICARI CONSTRUCT
Largest movements
- Receivables within one year -€32,348
down €32,348 (-50.2%), from €64,449 to €32,101
of which Trade receivables: -€36,009
- Cash +€21,827
up €21,827 (+367.4%), from €5,941 to €27,768
mainly Receivables within one year (+€32,348) and Debts after one year (+€20,168)
- Tangible fixed assets +€21,496
up €21,496 (+156.5%), from €13,733 to €35,229
of which Furniture and vehicles: +€24,822
- Stocks and contracts +€11,250
up €11,250 (+42.5%), from €26,500 to €37,750
- Advances received -€36,640
no longer reported in 2025 (was €36,640)
- Debts after one year +€20,168
up €20,168 (+624.4%), from €3,230 to €23,398
- Trade debts +€13,910
up €13,910 (+43.8%), from €31,754 to €45,664
- Profit (loss) carried forward +€7,706
up €7,706 (+35.5%), from -€21,708 to -€14,002
- Tax, wage and social debts +€7,204
up €7,204 (+210.2%), from €3,427 to €10,631
of which Taxes: +€4,561
- Write-downs +€30,000
no longer reported in 2025 (was -€30,000)
- Gross operating margin +€21,949
up €21,949 (+18.3%), from €120,187 to €142,136
- Financial income +€17,308
up €17,308 (+40251.2%), from €43 to €17,351
of which Non-recurring financial income: +€17,351
- Depreciation +€4,908
up €4,908 (+48.5%), from €10,124 to €15,032
- Other operating charges +€3,756
up €3,756 (+233.4%), from €1,609 to €5,365
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 | €110,623 | €132,948 | +€22,325 | +20.2% |
| Fixed assets | 21/28 | €13,733 | €35,229 | +€21,496 | +156.5% |
| Tangible fixed assets | 22/27 | €13,733 | €35,229 | +€21,496 | +156.5% |
| Plant, machinery and equipment | 23 | €4,838 | €1,512 | -€3,326 | -68.7% |
| Furniture and vehicles | 24 | €8,895 | €33,717 | +€24,822 | +279.1% |
| Current assets | 29/58 | €96,890 | €97,719 | +€829 | +0.9% |
| Stocks and contracts in progress | 3 | €26,500 | €37,750 | +€11,250 | +42.5% |
| Contracts in progress | 37 | €26,500 | €37,750 | +€11,250 | +42.5% |
| Amounts receivable within one year | 40/41 | €64,449 | €32,101 | -€32,348 | -50.2% |
| Trade receivables | 40 | €62,417 | €26,408 | -€36,009 | -57.7% |
| Other amounts receivable | 41 | €2,032 | €5,693 | +€3,661 | +180.2% |
| Cash at bank and in hand | 54/58 | €5,941 | €27,768 | +€21,827 | +367.4% |
| Deferred charges and accrued income | 490/1 | - | €100 | +€100 | |
| Total equity and liabilities | 10/49 | €110,623 | €132,948 | +€22,325 | +20.2% |
| Equity | 10/15 | -€13,648 | -€5,942 | +€7,706 | +56.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,708 | -€14,002 | +€7,706 | +35.5% |
| Amounts payable | 17/49 | €124,271 | €138,890 | +€14,619 | +11.8% |
| Amounts payable after more than one year | 17 | €3,230 | €23,398 | +€20,168 | +624.4% |
| Financial debts | 170/4 | €3,230 | €23,398 | +€20,168 | +624.4% |
| Amounts payable within one year | 42/48 | €121,041 | €115,492 | -€5,549 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €4,172 | €10,184 | +€6,012 | +144.1% |
| Trade debts | 44 | €31,754 | €45,664 | +€13,910 | +43.8% |
| Suppliers | 440/4 | €31,754 | €45,664 | +€13,910 | +43.8% |
| Advances received on contracts in progress | 46 | €36,640 | - | -€36,640 | |
| Taxes, remuneration and social security | 45 | €3,427 | €10,631 | +€7,204 | +210.2% |
| Taxes | 450/3 | - | €4,561 | +€4,561 | |
| Remuneration and social security | 454/9 | €3,427 | €6,070 | +€2,643 | +77.1% |
| Other amounts payable | 47/48 | €45,048 | €49,013 | +€3,965 | +8.8% |
| Remuneration, social security and pensions | 62 | €130,275 | €128,314 | -€1,961 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,124 | €15,032 | +€4,908 | +48.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€30,000 | - | +€30,000 | |
| Other operating charges | 640/8 | €1,609 | €5,365 | +€3,756 | +233.4% |
| Non-recurring operating charges | 66A | €54,390 | €1,000 | -€53,390 | -98.2% |
| Gross operating margin | 9900 | €120,187 | €142,136 | +€21,949 | +18.3% |
| Operating profit (loss) | 9901 | -€46,211 | -€7,575 | +€38,636 | +83.6% |
| Financial income | 75/76B | €43 | €17,351 | +€17,308 | +40251.2% |
| Recurring financial income | 75 | €43 | €17,351 | +€17,308 | +40251.2% |
| Non-recurring financial income | 76B | - | €17,351 | +€17,351 | |
| Financial charges | 65/66B | €920 | €1,798 | +€878 | +95.4% |
| Recurring financial charges | 65 | €920 | €1,798 | +€878 | +95.4% |
| Profit (loss) for the period before taxes | 9903 | -€47,088 | €7,978 | +€55,066 | |
| Income taxes | 67/77 | - | €272 | +€272 | |
| Profit (loss) for the period | 9904 | -€47,088 | €7,706 | +€54,794 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,088 | €7,706 | +€54,794 |
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 12 October 2026 via checked.be.