VICHPI: 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.
VICHPI
Largest movements
- Tangible fixed assets -€15,835
down €15,835 (-3.5%), from €457,147 to €441,312
- Receivables within one year -€6,219
down €6,219 (-14.4%), from €43,080 to €36,861
- Debts after one year -€54,157
down €54,157 (-34.2%), from €158,279 to €104,121
- Other debts +€53,663
up €53,663 (+1431.0%), from €3,750 to €57,413
- Reserves -€29,663
down €29,663 (-24.7%), from €119,982 to €90,319
of which Distributable reserves: -€29,663
- Trade debts +€10,561
new in 2025: €10,561
- Tax, wage and social debts -€10,279
down €10,279 (-31.3%), from €32,792 to €22,513
- Turnover -€76,920
no longer reported in 2025 (was €76,920)
- Purchases and services -€16,237
no longer reported in 2025 (was €16,237)
- Gross operating margin +€10,622
up €10,622 (+16.5%), from €64,475 to €75,097
- Financial charges -€5,758
down €5,758 (-44.3%), from €13,011 to €7,253
- Other operating charges -€4,866
down €4,866 (-23.1%), from €21,077 to €16,212
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 | €506,150 | €482,548 | -€23,602 | -4.7% |
| Fixed assets | 21/28 | €457,147 | €441,312 | -€15,835 | -3.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €457,147 | €441,312 | -€15,835 | -3.5% |
| Land and buildings | 22 | €457,147 | €441,312 | -€15,835 | -3.5% |
| Current assets | 29/58 | €49,002 | €41,236 | -€7,766 | -15.8% |
| Amounts receivable within one year | 40/41 | €43,080 | €36,861 | -€6,219 | -14.4% |
| Other amounts receivable | 41 | €43,080 | €36,861 | -€6,219 | -14.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,048 | - | -€3,048 | |
| Deferred charges and accrued income | 490/1 | €2,874 | €4,375 | +€1,501 | +52.2% |
| Total equity and liabilities | 10/49 | €506,150 | €482,548 | -€23,602 | -4.7% |
| Equity | 10/15 | €258,416 | €229,201 | -€29,215 | -11.3% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Capital | 10 | €110,000 | €110,000 | = | 0.0% |
| Issued capital | 100 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €119,982 | €90,319 | -€29,663 | -24.7% |
| Non-distributable reserves | 130/1 | €11,000 | €11,000 | = | 0.0% |
| Legal reserve | 130 | €11,000 | €11,000 | = | 0.0% |
| Distributable reserves | 133 | €108,982 | €79,319 | -€29,663 | -27.2% |
| Profit (loss) carried forward | 14 | €28,434 | €28,882 | +€448 | +1.6% |
| Amounts payable | 17/49 | €247,734 | €253,347 | +€5,613 | +2.3% |
| Amounts payable after more than one year | 17 | €158,279 | €104,121 | -€54,157 | -34.2% |
| Financial debts | 170/4 | €158,279 | €104,121 | -€54,157 | -34.2% |
| Amounts payable within one year | 42/48 | €88,715 | €148,441 | +€59,726 | +67.3% |
| Current portion of amounts payable after more than one year | 42 | €52,173 | €55,344 | +€3,171 | +6.1% |
| Financial debts | 43 | - | €2,610 | +€2,610 | |
| Credit institutions | 430/8 | - | €2,610 | +€2,610 | |
| Trade debts | 44 | - | €10,561 | +€10,561 | |
| Suppliers | 440/4 | - | €10,561 | +€10,561 | |
| Taxes, remuneration and social security | 45 | €32,792 | €22,513 | -€10,279 | -31.3% |
| Taxes | 450/3 | €32,792 | €22,513 | -€10,279 | -31.3% |
| Other amounts payable | 47/48 | €3,750 | €57,413 | +€53,663 | +1431.0% |
| Accrued charges and deferred income | 492/3 | €740 | €785 | +€45 | +6.1% |
| Turnover | 70 | €76,920 | - | -€76,920 | |
| Non-recurring operating income | 76A | €3,793 | - | -€3,793 | |
| Goods, raw materials, services and sundry goods | 60/61 | €16,237 | - | -€16,237 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,917 | €25,962 | +€44 | +0.2% |
| Other operating charges | 640/8 | €21,077 | €16,212 | -€4,866 | -23.1% |
| Non-recurring operating charges | 66A | €52,690 | - | -€52,690 | |
| Gross operating margin | 9900 | €64,475 | €75,097 | +€10,622 | +16.5% |
| Operating profit (loss) | 9901 | -€35,209 | €32,923 | +€68,133 | |
| Financial income | 75/76B | €1,695 | €1,541 | -€154 | -9.1% |
| Recurring financial income | 75 | €1,695 | €1,541 | -€154 | -9.1% |
| Financial charges | 65/66B | €13,011 | €7,253 | -€5,758 | -44.3% |
| Recurring financial charges | 65 | €13,011 | €7,253 | -€5,758 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | -€46,524 | €27,211 | +€73,736 | |
| Income taxes | 67/77 | €48 | €2,763 | +€2,715 | +5658.2% |
| Profit (loss) for the period | 9904 | -€46,572 | €24,448 | +€71,021 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,572 | €24,448 | +€71,021 |
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 8 October 2026 via checked.be.