VICLAU FROM-EPI: 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.
VICLAU FROM-EPI
Largest movements
- Cash -€12,958
down €12,958 (-52.9%), from €24,504 to €11,546
mainly Net result for the year (-€17,039) and Trade debts (-€10,064)
- Stocks and contracts -€11,909
down €11,909 (-48.6%), from €24,524 to €12,615
- Receivables within one year +€4,279
up €4,279 (+101%), from €4,257 to €8,536
of which Trade receivables: +€3,392
- Intangible fixed assets -€2,500
down €2,500 (-38.3%), from €6,521 to €4,021
- Tangible fixed assets -€2,197
down €2,197 (-19.9%), from €11,025 to €8,828
of which Plant, machinery and equipment: -€1,841
- Profit (loss) carried forward -€17,039
down €17,039, from €4,363 to -€12,676
- Trade debts -€10,064
down €10,064 (-28.0%), from €35,995 to €25,931
- Tax, wage and social debts -€8,889
down €8,889 (-91.3%), from €9,731 to €842
of which Remuneration and social security: -€7,033
- Other debts +€7,861
up €7,861 (+359%), from €2,192 to €10,053
- Current portion of long-term debt +€2,447
new in 2025: €2,447
- Gross operating margin -€31,070
down €31,070 (-61.6%), from €50,474 to €19,404
- Staff costs -€19,387
down €19,387 (-38.3%), from €50,582 to €31,195
- Write-downs +€5,265
no longer reported in 2025 (was -€5,265)
- Financial income +€1,998
up €1,998 (+99,900%), from €2 to €2,000
of which Non-recurring financial income: +€2,000
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 | €70,881 | €45,596 | -€25,285 | -35.7% |
| Fixed assets | 21/28 | €17,546 | €12,849 | -€4,697 | -26.8% |
| Intangible fixed assets | 21 | €6,521 | €4,021 | -€2,500 | -38.3% |
| Tangible fixed assets | 22/27 | €11,025 | €8,828 | -€2,197 | -19.9% |
| Plant, machinery and equipment | 23 | €9,809 | €7,968 | -€1,841 | -18.8% |
| Furniture and vehicles | 24 | €1,028 | €860 | -€168 | -16.3% |
| Other tangible fixed assets | 26 | €188 | - | -€188 | |
| Current assets | 29/58 | €53,335 | €32,747 | -€20,588 | -38.6% |
| Stocks and contracts in progress | 3 | €24,524 | €12,615 | -€11,909 | -48.6% |
| Stocks | 30/36 | €24,524 | €12,615 | -€11,909 | -48.6% |
| Amounts receivable within one year | 40/41 | €4,257 | €8,536 | +€4,279 | +101% |
| Trade receivables | 40 | €4,257 | €7,649 | +€3,392 | +79.7% |
| Other amounts receivable | 41 | - | €887 | +€887 | |
| Cash at bank and in hand | 54/58 | €24,504 | €11,546 | -€12,958 | -52.9% |
| Deferred charges and accrued income | 490/1 | €50 | €50 | = | 0.0% |
| Total equity and liabilities | 10/49 | €70,881 | €45,596 | -€25,285 | -35.7% |
| Equity | 10/15 | €22,963 | €5,924 | -€17,039 | -74.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,363 | -€12,676 | -€17,039 | |
| Amounts payable | 17/49 | €47,918 | €39,672 | -€8,246 | -17.2% |
| Amounts payable within one year | 42/48 | €47,918 | €39,672 | -€8,246 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | - | €2,447 | +€2,447 | |
| Trade debts | 44 | €35,995 | €25,931 | -€10,064 | -28.0% |
| Suppliers | 440/4 | €35,995 | €25,931 | -€10,064 | -28.0% |
| Advances received on contracts in progress | 46 | - | €399 | +€399 | |
| Taxes, remuneration and social security | 45 | €9,731 | €842 | -€8,889 | -91.3% |
| Taxes | 450/3 | €1,856 | - | -€1,856 | |
| Remuneration and social security | 454/9 | €7,875 | €842 | -€7,033 | -89.3% |
| Other amounts payable | 47/48 | €2,192 | €10,053 | +€7,861 | +359% |
| Remuneration, social security and pensions | 62 | €50,582 | €31,195 | -€19,387 | -38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,673 | €5,492 | -€181 | -3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,265 | - | +€5,265 | |
| Other operating charges | 640/8 | €168 | €438 | +€270 | +161% |
| Gross operating margin | 9900 | €50,474 | €19,404 | -€31,070 | -61.6% |
| Operating profit (loss) | 9901 | -€684 | -€17,721 | -€17,037 | -2,491% |
| Financial income | 75/76B | €2 | €2,000 | +€1,998 | +99,900% |
| Recurring financial income | 75 | €2 | €2,000 | +€1,998 | +99,900% |
| Non-recurring financial income | 76B | - | €2,000 | +€2,000 | |
| Financial charges | 65/66B | €1,167 | €1,273 | +€106 | +9.1% |
| Recurring financial charges | 65 | €1,167 | €1,273 | +€106 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,849 | -€16,994 | -€15,145 | -819% |
| Income taxes | 67/77 | - | €45 | +€45 | |
| Profit (loss) for the period | 9904 | -€1,849 | -€17,039 | -€15,190 | -822% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,849 | -€17,039 | -€15,190 | -822% |
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 26 October 2026 via checked.be.