VICERO: 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.
VICERO
Largest movements
- Receivables within one year -€6,048
down €6,048 (-2.6%), from €229,275 to €223,228
of which Trade receivables: -€3,238
- Tangible fixed assets +€3,749
up €3,749 (+770.8%), from €486 to €4,235
of which Furniture and vehicles: +€3,919
- Tax, wage and social debts -€3,326
down €3,326 (-50.1%), from €6,636 to €3,310
of which Taxes: -€4,076
- Gross operating margin -€13,501
down €13,501 (-62.0%), from €21,782 to €8,282
- Taxes -€3,508
down €3,508 (-65.8%), from €5,336 to €1,827
- Financial charges -€1,318
down €1,318 (-27.1%), from €4,864 to €3,546
- Depreciation -€494
down €494 (-44.4%), from €1,113 to €619
- Other operating charges +€232
up €232 (+17.1%), from €1,356 to €1,588
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 | €231,315 | €228,704 | -€2,611 | -1.1% |
| Fixed assets | 21/28 | €486 | €4,235 | +€3,749 | +770.8% |
| Tangible fixed assets | 22/27 | €486 | €4,235 | +€3,749 | +770.8% |
| Plant, machinery and equipment | 23 | €486 | €317 | -€170 | -34.9% |
| Furniture and vehicles | 24 | €0 | €3,919 | +€3,919 | |
| Current assets | 29/58 | €230,829 | €224,469 | -€6,360 | -2.8% |
| Amounts receivable within one year | 40/41 | €229,275 | €223,228 | -€6,048 | -2.6% |
| Trade receivables | 40 | €3,238 | €0 | -€3,238 | -100.0% |
| Other amounts receivable | 41 | €226,038 | €223,228 | -€2,810 | -1.2% |
| Cash at bank and in hand | 54/58 | €802 | €1,234 | +€432 | +53.9% |
| Deferred charges and accrued income | 490/1 | €752 | €7 | -€745 | -99.1% |
| Total equity and liabilities | 10/49 | €231,315 | €228,704 | -€2,611 | -1.1% |
| Equity | 10/15 | €199,059 | €199,761 | +€702 | +0.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €132,500 | €132,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €130,000 | €130,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,559 | €42,261 | +€702 | +1.7% |
| Amounts payable | 17/49 | €32,256 | €28,943 | -€3,313 | -10.3% |
| Amounts payable within one year | 42/48 | €32,256 | €28,943 | -€3,313 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €22,660 | €20,639 | -€2,021 | -8.9% |
| Credit institutions | 430/8 | €22,660 | €20,639 | -€2,021 | -8.9% |
| Trade debts | 44 | €2,959 | €4,993 | +€2,034 | +68.7% |
| Suppliers | 440/4 | €2,959 | €4,993 | +€2,034 | +68.7% |
| Taxes, remuneration and social security | 45 | €6,636 | €3,310 | -€3,326 | -50.1% |
| Taxes | 450/3 | €6,636 | €2,560 | -€4,076 | -61.4% |
| Remuneration and social security | 454/9 | - | €750 | +€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,113 | €619 | -€494 | -44.4% |
| Other operating charges | 640/8 | €1,356 | €1,588 | +€232 | +17.1% |
| Gross operating margin | 9900 | €21,782 | €8,282 | -€13,501 | -62.0% |
| Operating profit (loss) | 9901 | €19,314 | €6,075 | -€13,239 | -68.5% |
| Financial charges | 65/66B | €4,864 | €3,546 | -€1,318 | -27.1% |
| Recurring financial charges | 65 | €4,864 | €3,546 | -€1,318 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €14,450 | €2,529 | -€11,921 | -82.5% |
| Income taxes | 67/77 | €5,336 | €1,827 | -€3,508 | -65.8% |
| Profit (loss) for the period | 9904 | €9,114 | €702 | -€8,412 | -92.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,114 | €702 | -€8,412 | -92.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.