VICKY: 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.
VICKY
Largest movements
- Cash -€46,790
down €46,790 (-28.7%), from €163,119 to €116,328
mainly Net result for the year (-€55,543) and Other debts (-€14,242)
- Tangible fixed assets -€22,756
down €22,756 (-4.2%), from €542,777 to €520,022
of which Land and buildings: -€17,073
- Profit (loss) carried forward -€44,601
down €44,601 (-31.7%), from -€140,769 to -€185,370
- Other debts -€14,242
down €14,242 (-66.3%), from €21,474 to €7,232
- Reserves -€10,943
down €10,943 (-4.9%), from €225,505 to €214,562
of which Tax-exempt reserves: -€10,943
- Gross operating margin +€26,318
up €26,318 (+54.1%), from -€48,618 to -€22,299
- Depreciation +€1,412
up €1,412 (+4.5%), from €31,312 to €32,725
- Other operating charges -€709
down €709 (-13.2%), from €5,355 to €4,646
- Financial income +€707
new in 2025: €707
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.
Derived cash bridge
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 | €709,959 | €640,353 | -€69,606 | -9.8% |
| Fixed assets | 21/28 | €542,777 | €520,022 | -€22,756 | -4.2% |
| Tangible fixed assets | 22/27 | €542,777 | €520,022 | -€22,756 | -4.2% |
| Land and buildings | 22 | €515,887 | €498,814 | -€17,073 | -3.3% |
| Plant, machinery and equipment | 23 | - | €874 | +€874 | |
| Furniture and vehicles | 24 | €26,891 | €20,333 | -€6,557 | -24.4% |
| Current assets | 29/58 | €167,182 | €120,331 | -€46,850 | -28.0% |
| Amounts receivable within one year | 40/41 | - | €212 | +€212 | |
| Other amounts receivable | 41 | - | €212 | +€212 | |
| Cash at bank and in hand | 54/58 | €163,119 | €116,328 | -€46,790 | -28.7% |
| Deferred charges and accrued income | 490/1 | €4,063 | €3,791 | -€272 | -6.7% |
| Total equity and liabilities | 10/49 | €709,959 | €640,353 | -€69,606 | -9.8% |
| Equity | 10/15 | €606,953 | €551,409 | -€55,543 | -9.2% |
| Contributions | 10/11 | €490,829 | €490,829 | = | 0.0% |
| Capital | 10 | €490,829 | €490,829 | = | 0.0% |
| Issued capital | 100 | €490,829 | €490,829 | = | 0.0% |
| Revaluation surpluses | 12 | €31,388 | €31,388 | = | 0.0% |
| Reserves | 13 | €225,505 | €214,562 | -€10,943 | -4.9% |
| Tax-exempt reserves | 132 | €222,071 | €211,128 | -€10,943 | -4.9% |
| Distributable reserves | 133 | €3,434 | €3,434 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€140,769 | -€185,370 | -€44,601 | -31.7% |
| Provisions and deferred taxes | 16 | €74,024 | €70,376 | -€3,648 | -4.9% |
| Deferred taxes | 168 | €74,024 | €70,376 | -€3,648 | -4.9% |
| Amounts payable | 17/49 | €28,983 | €18,567 | -€10,415 | -35.9% |
| Amounts payable within one year | 42/48 | €26,438 | €14,422 | -€12,015 | -45.4% |
| Trade debts | 44 | €4,963 | €7,190 | +€2,227 | +44.9% |
| Suppliers | 440/4 | €4,963 | €7,190 | +€2,227 | +44.9% |
| Other amounts payable | 47/48 | €21,474 | €7,232 | -€14,242 | -66.3% |
| Accrued charges and deferred income | 492/3 | €2,545 | €4,145 | +€1,600 | +62.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,312 | €32,725 | +€1,412 | +4.5% |
| Other operating charges | 640/8 | €5,355 | €4,646 | -€709 | -13.2% |
| Gross operating margin | 9900 | -€48,618 | -€22,299 | +€26,318 | +54.1% |
| Operating profit (loss) | 9901 | -€85,285 | -€59,670 | +€25,615 | +30.0% |
| Financial income | 75/76B | - | €707 | +€707 | |
| Recurring financial income | 75 | - | €707 | +€707 | |
| Financial charges | 65/66B | €100 | €228 | +€128 | +128% |
| Recurring financial charges | 65 | €100 | €228 | +€128 | +128% |
| Profit (loss) for the period before taxes | 9903 | -€85,386 | -€59,191 | +€26,195 | +30.7% |
| Transfer from deferred taxes | 780 | €3,648 | €3,648 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€81,738 | -€55,543 | +€26,195 | +32.0% |
| Transfer from tax-exempt reserves | 789 | €10,943 | €10,943 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,795 | -€44,601 | +€26,195 | +37.0% |
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 13 October 2026 via checked.be.