VICASA: 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.
VICASA
Largest movements
- Receivables within one year +€16,542
up €16,542 (+27.2%), from €60,770 to €77,312
of which Trade receivables: +€24,467
- Cash -€7,574
down €7,574 (-95.4%), from €7,937 to €363
mainly Net result for the year (-€37,700) and Receivables within one year (-€16,542)
- Tangible fixed assets -€5,291
down €5,291 (-37.8%), from €14,002 to €8,711
- Profit (loss) carried forward -€37,700
down €37,700 (-44.1%), from -€85,412 to -€123,112
- Other debts +€32,937
up €32,937 (+47.1%), from €70,000 to €102,937
- Trade debts +€7,278
up €7,278 (+4.9%), from €147,383 to €154,661
- Tax, wage and social debts +€6,551
up €6,551 (+55.2%), from €11,861 to €18,411
of which Remuneration and social security: +€5,307
- Debts after one year -€5,537
down €5,537 (-62.6%), from €8,852 to €3,315
- Gross operating margin -€58,486
down €58,486 (-66.6%), from €87,811 to €29,325
- Staff costs +€2,224
up €2,224 (+3.8%), from €57,799 to €60,023
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 | €163,042 | €166,749 | +€3,707 | +2.3% |
| Fixed assets | 21/28 | €14,002 | €8,711 | -€5,291 | -37.8% |
| Tangible fixed assets | 22/27 | €14,002 | €8,711 | -€5,291 | -37.8% |
| Leasing and similar rights | 25 | €14,002 | €8,711 | -€5,291 | -37.8% |
| Current assets | 29/58 | €149,040 | €158,039 | +€8,998 | +6.0% |
| Stocks and contracts in progress | 3 | €80,000 | €80,000 | = | 0.0% |
| Contracts in progress | 37 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €60,770 | €77,312 | +€16,542 | +27.2% |
| Trade receivables | 40 | €47,845 | €72,312 | +€24,467 | +51.1% |
| Other amounts receivable | 41 | €12,925 | €5,000 | -€7,925 | -61.3% |
| Cash at bank and in hand | 54/58 | €7,937 | €363 | -€7,574 | -95.4% |
| Deferred charges and accrued income | 490/1 | €333 | €363 | +€30 | +9.0% |
| Total equity and liabilities | 10/49 | €163,042 | €166,749 | +€3,707 | +2.3% |
| Equity | 10/15 | -€80,412 | -€118,112 | -€37,700 | -46.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,412 | -€123,112 | -€37,700 | -44.1% |
| Amounts payable | 17/49 | €243,454 | €284,861 | +€41,407 | +17.0% |
| Amounts payable after more than one year | 17 | €8,852 | €3,315 | -€5,537 | -62.6% |
| Financial debts | 170/4 | €8,852 | €3,315 | -€5,537 | -62.6% |
| Amounts payable within one year | 42/48 | €234,602 | €281,546 | +€46,944 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €5,358 | €5,537 | +€179 | +3.3% |
| Trade debts | 44 | €147,383 | €154,661 | +€7,278 | +4.9% |
| Suppliers | 440/4 | €147,383 | €154,661 | +€7,278 | +4.9% |
| Taxes, remuneration and social security | 45 | €11,861 | €18,411 | +€6,551 | +55.2% |
| Taxes | 450/3 | €3,687 | €4,930 | +€1,244 | +33.7% |
| Remuneration and social security | 454/9 | €8,174 | €13,481 | +€5,307 | +64.9% |
| Other amounts payable | 47/48 | €70,000 | €102,937 | +€32,937 | +47.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €57,799 | €60,023 | +€2,224 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,291 | €5,291 | = | 0.0% |
| Other operating charges | 640/8 | €573 | €898 | +€324 | +56.6% |
| Gross operating margin | 9900 | €87,811 | €29,325 | -€58,486 | -66.6% |
| Operating profit (loss) | 9901 | €24,147 | -€36,887 | -€61,034 | |
| Financial income | 75/76B | €313 | €0 | -€312 | -99.8% |
| Recurring financial income | 75 | €313 | €0 | -€312 | -99.8% |
| Financial charges | 65/66B | €669 | €813 | +€144 | +21.5% |
| Recurring financial charges | 65 | €669 | €813 | +€144 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €23,791 | -€37,700 | -€61,490 | |
| Profit (loss) for the period | 9904 | €23,791 | -€37,700 | -€61,490 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,791 | -€37,700 | -€61,490 |
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 11 October 2026 via checked.be.