VICELL EXPERTS: 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.
What changed
VICELL EXPERTS
NACE 71.122, Land surveying
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€9,748
2024 · €47,611-€37,863
Equity
€234,384
2024 · €224,636+€9,748
Cash
-
2024 · €425-€425
Balance sheet total
€910,889
2024 · €545,389+€365,499
Largest movements
Assets
- Receivables within one year +€309,932
up €309,932 (+74.7%), from €414,917 to €724,849
of which Trade receivables: +€312,741
- Stocks and contracts +€60,176
up €60,176 (+55.8%), from €107,759 to €167,935
Equity and liabilities
- Short-term financial debts +€177,786
up €177,786 (+891.8%), from €19,937 to €197,722
- Trade debts +€148,258
up €148,258 (+149.5%), from €99,180 to €247,438
- Debts after one year +€58,357
up €58,357, from €0 to €58,357
- Profit (loss) carried forward +€9,748
up €9,748 (+4.5%), from €216,576 to €226,324
- Other debts -€9,445
down €9,445 (-12.6%), from €74,806 to €65,360
Income statement
- Turnover -€1.1m
no longer reported in 2025 (was €1.1m)
- Purchases and services -€790,919
no longer reported in 2025 (was €790,919)
- Gross operating margin -€85,936
down €85,936 (-22.8%), from €376,988 to €291,052
- Staff costs -€31,000
down €31,000 (-10.5%), from €294,306 to €263,306
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
€47,611
Gross operating margin
-€85,936
Staff costs
+€31,000
Depreciation
+€1,032
Other operating charges
-€1,607
Financial income
+€9,771
Financial charges
+€5,256
Taxes
+€2,621
Result 2025
€9,748
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.
From operations
-€230,272
Investment
-€619
Financing
+€230,466
Cash 2024
€425
From operations (derived)
-€230,272
Net result for the year
+€9,748
Depreciation
+€6,993
Stocks and contracts
-€60,176
Receivables within one year
-€309,932
Deferred charges and accrued income
-€2,190
Trade debts
+€148,258
Tax, wage and social debts
-€8,154
Other debts
-€9,445
Accrued charges and deferred income
-€5,373
Investment (derived)
-€619
Investment in fixed assets (net)
-€619
Financing
+€230,466
Debts after one year
+€58,357
Current portion of long-term debt
-€5,677
Short-term financial debts
+€177,786
Cash 2025
€0
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €545,389 | €910,889 | +€365,499 | +67.0% |
| Fixed assets | 21/28 | €18,776 | €12,402 | -€6,374 | -33.9% |
| Tangible fixed assets | 22/27 | €17,876 | €10,883 | -€6,993 | -39.1% |
| Furniture and vehicles | 24 | €5,811 | €3,254 | -€2,556 | -44.0% |
| Other tangible fixed assets | 26 | €12,066 | €7,629 | -€4,437 | -36.8% |
| Financial fixed assets | 28 | €900 | €1,519 | +€619 | +68.8% |
| Current assets | 29/58 | €526,613 | €898,487 | +€371,874 | +70.6% |
| Stocks and contracts in progress | 3 | €107,759 | €167,935 | +€60,176 | +55.8% |
| Stocks | 30/36 | €107,759 | €167,935 | +€60,176 | +55.8% |
| Amounts receivable within one year | 40/41 | €414,917 | €724,849 | +€309,932 | +74.7% |
| Trade receivables | 40 | €380,346 | €693,087 | +€312,741 | +82.2% |
| Other amounts receivable | 41 | €34,572 | €31,762 | -€2,809 | -8.1% |
| Cash at bank and in hand | 54/58 | €425 | - | -€425 | |
| Deferred charges and accrued income | 490/1 | €3,512 | €5,702 | +€2,190 | +62.4% |
| Total equity and liabilities | 10/49 | €545,389 | €910,889 | +€365,499 | +67.0% |
| Equity | 10/15 | €224,636 | €234,384 | +€9,748 | +4.3% |
| 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 | €216,576 | €226,324 | +€9,748 | +4.5% |
| Provisions and deferred taxes | 16 | €39,000 | €39,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €39,000 | €39,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €39,000 | €39,000 | = | 0.0% |
| Amounts payable | 17/49 | €281,753 | €637,504 | +€355,751 | +126.3% |
| Amounts payable after more than one year | 17 | €0 | €58,357 | +€58,357 | |
| Financial debts | 170/4 | €0 | €58,357 | +€58,357 | |
| Amounts payable within one year | 42/48 | €275,387 | €578,154 | +€302,768 | +109.9% |
| Current portion of amounts payable after more than one year | 42 | €19,839 | €14,162 | -€5,677 | -28.6% |
| Financial debts | 43 | €19,937 | €197,722 | +€177,786 | +891.8% |
| Credit institutions | 430/8 | €19,937 | €197,722 | +€177,786 | +891.8% |
| Trade debts | 44 | €99,180 | €247,438 | +€148,258 | +149.5% |
| Suppliers | 440/4 | €99,180 | €247,438 | +€148,258 | +149.5% |
| Taxes, remuneration and social security | 45 | €61,625 | €53,471 | -€8,154 | -13.2% |
| Taxes | 450/3 | €56,143 | €35,628 | -€20,514 | -36.5% |
| Remuneration and social security | 454/9 | €5,483 | €17,843 | +€12,360 | +225.4% |
| Other amounts payable | 47/48 | €74,806 | €65,360 | -€9,445 | -12.6% |
| Accrued charges and deferred income | 492/3 | €6,366 | €993 | -€5,373 | -84.4% |
| Turnover | 70 | €1,120,782 | - | -€1.1m | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €790,919 | - | -€790,919 | |
| Remuneration, social security and pensions | 62 | €294,306 | €263,306 | -€31,000 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,025 | €6,993 | -€1,032 | -12.9% |
| Other operating charges | 640/8 | €2,711 | €4,318 | +€1,607 | +59.3% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €376,988 | €291,052 | -€85,936 | -22.8% |
| Operating profit (loss) | 9901 | €71,945 | €16,435 | -€55,511 | -77.2% |
| Financial income | 75/76B | €28 | €9,799 | +€9,771 | +34946.7% |
| Recurring financial income | 75 | €28 | €211 | +€183 | +654.7% |
| Non-recurring financial income | 76B | - | €9,588 | +€9,588 | |
| Financial charges | 65/66B | €15,518 | €10,262 | -€5,256 | -33.9% |
| Recurring financial charges | 65 | €15,518 | €10,262 | -€5,256 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €56,455 | €15,972 | -€40,484 | -71.7% |
| Income taxes | 67/77 | €8,845 | €6,224 | -€2,621 | -29.6% |
| Profit (loss) for the period | 9904 | €47,611 | €9,748 | -€37,863 | -79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,611 | €9,748 | -€37,863 | -79.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.