VICING: 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.
VICING
Largest movements
- Tangible fixed assets +€249,186
up €249,186 (+417.2%), from €59,727 to €308,913
of which Land and buildings: +€229,908
- Cash -€81,445
down €81,445 (-56.9%), from €143,052 to €61,608
mainly Investment in fixed assets (net) (-€263,155) and Other debts (-€63,486)
- Debts after one year +€217,957
up €217,957 (+1422.0%), from €15,328 to €233,285
- Other debts -€63,486
down €63,486 (-73.7%), from €86,150 to €22,664
- Reserves +€32,868
up €32,868 (+48.2%), from €68,214 to €101,082
- Tax, wage and social debts -€14,445
down €14,445 (-44.7%), from €32,284 to €17,838
of which Taxes: -€19,269
- Trade debts -€5,579
down €5,579 (-38.3%), from €14,570 to €8,991
- Gross operating margin +€45,995
up €45,995 (+37.4%), from €122,893 to €168,888
- Staff costs +€39,847
up €39,847 (+112.0%), from €35,593 to €75,440
- Other operating charges +€29,104
up €29,104 (+1262.1%), from €2,306 to €31,410
- Taxes -€6,349
down €6,349 (-40.7%), from €15,583 to €9,235
- Depreciation +€4,666
up €4,666 (+53.6%), from €8,703 to €13,369
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 | €229,105 | €396,082 | +€166,977 | +72.9% |
| Fixed assets | 21/28 | €65,987 | €315,773 | +€249,786 | +378.5% |
| Tangible fixed assets | 22/27 | €59,727 | €308,913 | +€249,186 | +417.2% |
| Land and buildings | 22 | - | €229,908 | +€229,908 | |
| Plant, machinery and equipment | 23 | €19,608 | €29,764 | +€10,156 | +51.8% |
| Furniture and vehicles | 24 | €1,531 | €11,571 | +€10,041 | +656.0% |
| Other tangible fixed assets | 26 | €38,589 | €37,670 | -€919 | -2.4% |
| Financial fixed assets | 28 | €6,260 | €6,860 | +€600 | +9.6% |
| Current assets | 29/58 | €163,118 | €80,309 | -€82,809 | -50.8% |
| Stocks and contracts in progress | 3 | €17,104 | €14,694 | -€2,410 | -14.1% |
| Stocks | 30/36 | €17,104 | €14,694 | -€2,410 | -14.1% |
| Amounts receivable within one year | 40/41 | €1,207 | €407 | -€801 | -66.3% |
| Other amounts receivable | 41 | €1,207 | €407 | -€801 | -66.3% |
| Cash at bank and in hand | 54/58 | €143,052 | €61,608 | -€81,445 | -56.9% |
| Deferred charges and accrued income | 490/1 | €1,755 | €3,601 | +€1,846 | +105.2% |
| Total equity and liabilities | 10/49 | €229,105 | €396,082 | +€166,977 | +72.9% |
| Equity | 10/15 | €73,214 | €106,082 | +€32,868 | +44.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €68,214 | €101,082 | +€32,868 | +48.2% |
| Distributable reserves | 133 | €68,214 | €101,082 | +€32,868 | +48.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €155,891 | €290,000 | +€134,109 | +86.0% |
| Amounts payable after more than one year | 17 | €15,328 | €233,285 | +€217,957 | +1422.0% |
| Financial debts | 170/4 | €15,328 | €233,285 | +€217,957 | +1422.0% |
| Amounts payable within one year | 42/48 | €140,563 | €56,715 | -€83,848 | -59.7% |
| Current portion of amounts payable after more than one year | 42 | €6,991 | €7,043 | +€53 | +0.8% |
| Financial debts | 43 | €568 | €178 | -€390 | -68.6% |
| Credit institutions | 430/8 | €568 | €178 | -€390 | -68.6% |
| Trade debts | 44 | €14,570 | €8,991 | -€5,579 | -38.3% |
| Suppliers | 440/4 | €14,570 | €8,991 | -€5,579 | -38.3% |
| Taxes, remuneration and social security | 45 | €32,284 | €17,838 | -€14,445 | -44.7% |
| Taxes | 450/3 | €23,468 | €4,199 | -€19,269 | -82.1% |
| Remuneration and social security | 454/9 | €8,816 | €13,640 | +€4,824 | +54.7% |
| Other amounts payable | 47/48 | €86,150 | €22,664 | -€63,486 | -73.7% |
| Remuneration, social security and pensions | 62 | €35,593 | €75,440 | +€39,847 | +112.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,703 | €13,369 | +€4,666 | +53.6% |
| Other operating charges | 640/8 | €2,306 | €31,410 | +€29,104 | +1262.1% |
| Gross operating margin | 9900 | €122,893 | €168,888 | +€45,995 | +37.4% |
| Operating profit (loss) | 9901 | €76,291 | €48,669 | -€27,621 | -36.2% |
| Financial income | 75/76B | €0 | €28 | +€28 | +14050.0% |
| Recurring financial income | 75 | €0 | €28 | +€28 | +14050.0% |
| Financial charges | 65/66B | €2,002 | €6,610 | +€4,607 | +230.1% |
| Recurring financial charges | 65 | €2,002 | €6,610 | +€4,607 | +230.1% |
| Profit (loss) for the period before taxes | 9903 | €74,288 | €42,088 | -€32,201 | -43.3% |
| Income taxes | 67/77 | €15,583 | €9,235 | -€6,349 | -40.7% |
| Profit (loss) for the period | 9904 | €58,705 | €32,853 | -€25,852 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,705 | €32,853 | -€25,852 | -44.0% |
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 5 October 2026 via checked.be.