VICI: 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.
VICI
Largest movements
- Cash -€1.3m
down €1.3m (-85.9%), from €1.5m to €205,542
mainly Receivables within one year (-€1.2m) and Net result for the year (-€413,635)
- Receivables within one year +€1.2m
up €1.2m (+25.3%), from €4.6m to €5.8m
of which Other amounts receivable: +€1.1m
- Receivables after one year -€303,539
down €303,539 (-7.7%), from €3.9m to €3.6m
- Reserves -€500,000
down €500,000 (-6.7%), from €7.5m to €7.0m
- Trade debts +€118,718
up €118,718 (+80.1%), from €148,178 to €266,896
- Financial income -€439,035
down €439,035 (-89.1%), from €493,000 to €53,965
- Gross operating margin -€95,942
down €95,942 (-261.9%), from -€36,639 to -€132,581
- Financial charges +€73,604
up €73,604 (+451.4%), from €16,304 to €89,908
- Other operating charges -€6,120
down €6,120 (-58.2%), from €10,525 to €4,404
- Staff costs -€3,237
no longer reported in 2025 (was €3,237)
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 | €10,565,000 | €10,189,945 | -€375,055 | -3.5% |
| Fixed assets | 21/28 | €543,160 | €551,305 | +€8,145 | +1.5% |
| Tangible fixed assets | 22/27 | €343,159 | €345,805 | +€2,646 | +0.8% |
| Land and buildings | 22 | €3,718 | €3,718 | = | 0.0% |
| Plant, machinery and equipment | 23 | €805 | - | -€805 | |
| Furniture and vehicles | 24 | €338,635 | €342,087 | +€3,451 | +1.0% |
| Financial fixed assets | 28 | €200,001 | €205,500 | +€5,499 | +2.7% |
| Current assets | 29/58 | €10,021,840 | €9,638,640 | -€383,200 | -3.8% |
| Amounts receivable after more than one year | 29 | €3,928,836 | €3,625,298 | -€303,539 | -7.7% |
| Other amounts receivable | 291 | €3,928,836 | €3,625,298 | -€303,539 | -7.7% |
| Amounts receivable within one year | 40/41 | €4,634,481 | €5,807,799 | +€1.2m | +25.3% |
| Trade receivables | 40 | €136,730 | €211,750 | +€75,020 | +54.9% |
| Other amounts receivable | 41 | €4,497,751 | €5,596,049 | +€1.1m | +24.4% |
| Cash at bank and in hand | 54/58 | €1,458,522 | €205,542 | -€1.3m | -85.9% |
| Total equity and liabilities | 10/49 | €10,565,000 | €10,189,945 | -€375,055 | -3.5% |
| Equity | 10/15 | €8,926,043 | €8,512,408 | -€413,635 | -4.6% |
| Contributions | 10/11 | €1,363,414 | €1,363,414 | = | 0.0% |
| Reserves | 13 | €7,500,000 | €7,000,000 | -€500,000 | -6.7% |
| Distributable reserves | 133 | €7,500,000 | €7,000,000 | -€500,000 | -6.7% |
| Profit (loss) carried forward | 14 | €62,628 | €148,994 | +€86,365 | +137.9% |
| Amounts payable | 17/49 | €1,638,957 | €1,677,537 | +€38,579 | +2.4% |
| Amounts payable after more than one year | 17 | €1,200,000 | €1,200,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,200,000 | €1,200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €438,957 | €477,537 | +€38,579 | +8.8% |
| Trade debts | 44 | €148,178 | €266,896 | +€118,718 | +80.1% |
| Suppliers | 440/4 | €148,178 | €266,896 | +€118,718 | +80.1% |
| Taxes, remuneration and social security | 45 | €186 | €186 | = | 0.0% |
| Taxes | 450/3 | €186 | €186 | = | 0.0% |
| Other amounts payable | 47/48 | €290,593 | €210,454 | -€80,139 | -27.6% |
| Non-recurring operating income | 76A | €269,324 | - | -€269,324 | |
| Remuneration, social security and pensions | 62 | €3,237 | - | -€3,237 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,265 | €1,795 | -€1,470 | -45.0% |
| Other operating charges | 640/8 | €10,525 | €4,404 | -€6,120 | -58.2% |
| Non-recurring operating charges | 66A | - | €238,911 | +€238,911 | |
| Gross operating margin | 9900 | -€36,639 | -€132,581 | -€95,942 | -261.9% |
| Operating profit (loss) | 9901 | -€53,665 | -€377,691 | -€324,026 | -603.8% |
| Financial income | 75/76B | €493,000 | €53,965 | -€439,035 | -89.1% |
| Recurring financial income | 75 | €493,000 | €53,965 | -€439,035 | -89.1% |
| Financial charges | 65/66B | €16,304 | €89,908 | +€73,604 | +451.4% |
| Recurring financial charges | 65 | €16,304 | €89,908 | +€73,604 | +451.4% |
| Profit (loss) for the period before taxes | 9903 | €423,031 | -€413,635 | -€836,665 | |
| Income taxes | 67/77 | €186 | - | -€186 | |
| Profit (loss) for the period | 9904 | €422,845 | -€413,635 | -€836,479 | |
| Profit (loss) for the period to be appropriated | 9905 | €422,845 | -€413,635 | -€836,479 |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.