Vicmar: 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.
Vicmar
Largest movements
- Current investments -€259,471
down €259,471 (-25.8%), from €1.0m to €746,207
- Cash +€114,231
up €114,231 (+137%), from €83,507 to €197,738
mainly Current investments (+€259,471) and Net result for the year (+€69,106)
- Stocks and contracts -€32,413
down €32,413 (-62.0%), from €52,253 to €19,841
- Trade debts -€103,223
down €103,223 (-69.2%), from €149,083 to €45,861
- Other debts -€60,153
down €60,153 (-38.0%), from €158,255 to €98,102
- Reserves -€26,300
down €26,300 (-2.8%), from €943,949 to €917,649
of which Distributable reserves: -€26,300
- Gross operating margin -€67,677
down €67,677 (-17.6%), from €384,334 to €316,657
- Staff costs +€28,761
up €28,761 (+18.0%), from €159,424 to €188,185
- Taxes -€23,716
down €23,716 (-41.3%), from €57,463 to €33,747
- Financial charges -€5,328
down €5,328 (-94.6%), from €5,633 to €305
- Financial income +€4,018
up €4,018 (+49.6%), from €8,102 to €12,120
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 | €1,326,463 | €1,140,317 | -€186,146 | -14.0% |
| Fixed assets | 21/28 | €143,220 | €137,068 | -€6,152 | -4.3% |
| Tangible fixed assets | 22/27 | €139,281 | €133,129 | -€6,152 | -4.4% |
| Land and buildings | 22 | €114,593 | €103,206 | -€11,387 | -9.9% |
| Plant, machinery and equipment | 23 | €8,964 | €4,681 | -€4,283 | -47.8% |
| Furniture and vehicles | 24 | €15,284 | €25,096 | +€9,812 | +64.2% |
| Leasing and similar rights | 25 | €440 | €146 | -€293 | -66.7% |
| Financial fixed assets | 28 | €3,939 | €3,939 | = | 0.0% |
| Current assets | 29/58 | €1,183,243 | €1,003,248 | -€179,995 | -15.2% |
| Stocks and contracts in progress | 3 | €52,253 | €19,841 | -€32,413 | -62.0% |
| Stocks | 30/36 | €52,253 | €19,841 | -€32,413 | -62.0% |
| Amounts receivable within one year | 40/41 | €36,443 | €28,735 | -€7,709 | -21.2% |
| Trade receivables | 40 | €17,377 | €18,978 | +€1,601 | +9.2% |
| Other amounts receivable | 41 | €19,066 | €9,757 | -€9,310 | -48.8% |
| Current investments | 50/53 | €1,005,677 | €746,207 | -€259,471 | -25.8% |
| Cash at bank and in hand | 54/58 | €83,507 | €197,738 | +€114,231 | +137% |
| Deferred charges and accrued income | 490/1 | €5,362 | €10,729 | +€5,366 | +100% |
| Total equity and liabilities | 10/49 | €1,326,463 | €1,140,317 | -€186,146 | -14.0% |
| Equity | 10/15 | €1,016,733 | €990,839 | -€25,894 | -2.5% |
| Contributions | 10/11 | €29,859 | €29,859 | = | 0.0% |
| Reserves | 13 | €943,949 | €917,649 | -€26,300 | -2.8% |
| Tax-exempt reserves | 132 | €17,449 | €17,449 | = | 0.0% |
| Distributable reserves | 133 | €926,500 | €900,200 | -€26,300 | -2.8% |
| Profit (loss) carried forward | 14 | €42,925 | €43,331 | +€406 | +0.9% |
| Amounts payable | 17/49 | €309,731 | €149,478 | -€160,252 | -51.7% |
| Amounts payable within one year | 42/48 | €309,731 | €149,478 | -€160,252 | -51.7% |
| Trade debts | 44 | €149,083 | €45,861 | -€103,223 | -69.2% |
| Suppliers | 440/4 | €149,083 | €45,861 | -€103,223 | -69.2% |
| Taxes, remuneration and social security | 45 | €2,392 | €5,515 | +€3,123 | +131% |
| Taxes | 450/3 | - | €2,581 | +€2,581 | |
| Remuneration and social security | 454/9 | €2,392 | €2,934 | +€542 | +22.7% |
| Other amounts payable | 47/48 | €158,255 | €98,102 | -€60,153 | -38.0% |
| Remuneration, social security and pensions | 62 | €159,424 | €188,185 | +€28,761 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,789 | €29,961 | +€2,173 | +7.8% |
| Other operating charges | 640/8 | €8,104 | €7,473 | -€632 | -7.8% |
| Gross operating margin | 9900 | €384,334 | €316,657 | -€67,677 | -17.6% |
| Operating profit (loss) | 9901 | €189,017 | €91,038 | -€97,979 | -51.8% |
| Financial income | 75/76B | €8,102 | €12,120 | +€4,018 | +49.6% |
| Recurring financial income | 75 | €8,102 | €12,120 | +€4,018 | +49.6% |
| Financial charges | 65/66B | €5,633 | €305 | -€5,328 | -94.6% |
| Recurring financial charges | 65 | €5,633 | €305 | -€5,328 | -94.6% |
| Profit (loss) for the period before taxes | 9903 | €191,486 | €102,853 | -€88,633 | -46.3% |
| Income taxes | 67/77 | €57,463 | €33,747 | -€23,716 | -41.3% |
| Profit (loss) for the period | 9904 | €134,023 | €69,106 | -€64,917 | -48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €134,023 | €69,106 | -€64,917 | -48.4% |
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 16 October 2026 via checked.be.