VICK'S PROJECTS: what changed
Two financial 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.
VICK'S PROJECTS
Largest movements
- Receivables within one year -€6,615
down €6,615 (-59.5%), from €11,116 to €4,501
- Cash +€2,452
up €2,452 (+109.7%), from €2,235 to €4,687
mainly Receivables within one year (+€6,615) and Depreciation (+€1,602)
- Tangible fixed assets -€1,602
down €1,602 (-38.0%), from €4,214 to €2,611
of which Plant, machinery and equipment: -€1,191
- Deferred charges and accrued income -€311
down €311 (-27.8%), from €1,117 to €807
- Trade debts -€6,786
down €6,786 (-99.0%), from €6,858 to €71
- Short-term financial debts -€990
down €990 (-93.8%), from €1,055 to €65
- Tax, wage and social debts +€876
up €876 (+59.5%), from €1,473 to €2,349
- Other debts +€704
up €704 (+0.3%), from €233,138 to €233,842
- Profit (loss) carried forward +€622
up €622 (+0.3%), from -€236,939 to -€236,317
- Gross operating margin +€17,222
up €17,222, from -€13,951 to €3,271
- Financial charges -€220
down €220 (-71.5%), from €308 to €88
- Financial income -€209
down €209 (-98.1%), from €213 to €4
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 | €18,683 | €12,606 | -€6,076 | -32.5% |
| Fixed assets | 21/28 | €4,214 | €2,611 | -€1,602 | -38.0% |
| Tangible fixed assets | 22/27 | €4,214 | €2,611 | -€1,602 | -38.0% |
| Plant, machinery and equipment | 23 | €2,393 | €1,201 | -€1,191 | -49.8% |
| Furniture and vehicles | 24 | €1,821 | €1,410 | -€411 | -22.6% |
| Current assets | 29/58 | €14,469 | €9,995 | -€4,474 | -30.9% |
| Amounts receivable within one year | 40/41 | €11,116 | €4,501 | -€6,615 | -59.5% |
| Trade receivables | 40 | €11,116 | €4,501 | -€6,615 | -59.5% |
| Cash at bank and in hand | 54/58 | €2,235 | €4,687 | +€2,452 | +109.7% |
| Deferred charges and accrued income | 490/1 | €1,117 | €807 | -€311 | -27.8% |
| Total equity and liabilities | 10/49 | €18,683 | €12,606 | -€6,076 | -32.5% |
| Equity | 10/15 | -€224,539 | -€223,917 | +€622 | +0.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€236,939 | -€236,317 | +€622 | +0.3% |
| Amounts payable | 17/49 | €243,222 | €236,524 | -€6,698 | -2.8% |
| Amounts payable within one year | 42/48 | €242,524 | €236,328 | -€6,196 | -2.6% |
| Financial debts | 43 | €1,055 | €65 | -€990 | -93.8% |
| Credit institutions | 430/8 | €1,055 | €65 | -€990 | -93.8% |
| Trade debts | 44 | €6,858 | €71 | -€6,786 | -99.0% |
| Suppliers | 440/4 | €6,858 | €71 | -€6,786 | -99.0% |
| Taxes, remuneration and social security | 45 | €1,473 | €2,349 | +€876 | +59.5% |
| Taxes | 450/3 | €1,473 | €2,349 | +€876 | +59.5% |
| Other amounts payable | 47/48 | €233,138 | €233,842 | +€704 | +0.3% |
| Accrued charges and deferred income | 492/3 | €698 | €196 | -€502 | -71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,550 | €1,602 | +€52 | +3.4% |
| Other operating charges | 640/8 | €547 | €592 | +€46 | +8.4% |
| Gross operating margin | 9900 | -€13,951 | €3,271 | +€17,222 | |
| Operating profit (loss) | 9901 | -€16,048 | €1,077 | +€17,124 | |
| Financial income | 75/76B | €213 | €4 | -€209 | -98.1% |
| Recurring financial income | 75 | €213 | €4 | -€209 | -98.1% |
| Financial charges | 65/66B | €308 | €88 | -€220 | -71.5% |
| Recurring financial charges | 65 | €308 | €88 | -€220 | -71.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,142 | €993 | +€17,135 | |
| Income taxes | 67/77 | €379 | €371 | -€8 | -2.1% |
| Profit (loss) for the period | 9904 | -€16,521 | €622 | +€17,143 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,521 | €622 | +€17,143 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.