VICO: 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.
VICO
Largest movements
- Cash -€51,917
down €51,917 (-94.9%), from €54,693 to €2,776
mainly Other debts (-€67,049) and Tax, wage and social debts (-€37,008)
- Tangible fixed assets -€20,629
down €20,629 (-23.2%), from €88,904 to €68,275
of which Furniture and vehicles: -€22,685
- Receivables within one year +€14,913
up €14,913 (+49,219%), from €30 to €14,944
of which Trade receivables: +€8,822
- Other debts -€67,049
down €67,049 (-82.5%), from €81,291 to €14,242
- Profit (loss) carried forward +€46,148
up €46,148 (+1,380%), from €3,343 to €49,491
- Tax, wage and social debts -€37,008
down €37,008 (-92.4%), from €40,062 to €3,055
of which Taxes: -€38,892
- Gross operating margin -€83,167
down €83,167 (-48.6%), from €171,005 to €87,837
- Taxes -€23,091
down €23,091 (-55.0%), from €41,970 to €18,879
- Depreciation +€12,431
up €12,431 (+173%), from €7,196 to €19,626
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 | €144,646 | €87,217 | -€57,429 | -39.7% |
| Fixed assets | 21/28 | €88,904 | €68,275 | -€20,629 | -23.2% |
| Tangible fixed assets | 22/27 | €88,904 | €68,275 | -€20,629 | -23.2% |
| Land and buildings | 22 | - | €2,592 | +€2,592 | |
| Plant, machinery and equipment | 23 | €1,217 | €682 | -€536 | -44.0% |
| Furniture and vehicles | 24 | €87,686 | €65,001 | -€22,685 | -25.9% |
| Current assets | 29/58 | €55,743 | €18,942 | -€36,800 | -66.0% |
| Amounts receivable within one year | 40/41 | €30 | €14,944 | +€14,913 | +49,219% |
| Trade receivables | 40 | €0 | €8,822 | +€8,822 | |
| Other amounts receivable | 41 | €30 | €6,121 | +€6,091 | +20,102% |
| Cash at bank and in hand | 54/58 | €54,693 | €2,776 | -€51,917 | -94.9% |
| Deferred charges and accrued income | 490/1 | €1,019 | €1,223 | +€204 | +20.0% |
| Total equity and liabilities | 10/49 | €144,646 | €87,217 | -€57,429 | -39.7% |
| Equity | 10/15 | €21,893 | €68,041 | +€46,148 | +211% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,343 | €49,491 | +€46,148 | +1,380% |
| Amounts payable | 17/49 | €122,753 | €19,176 | -€103,577 | -84.4% |
| Amounts payable within one year | 42/48 | €122,743 | €19,176 | -€103,567 | -84.4% |
| Trade debts | 44 | €1,390 | €1,879 | +€489 | +35.2% |
| Suppliers | 440/4 | €1,390 | €1,879 | +€489 | +35.2% |
| Taxes, remuneration and social security | 45 | €40,062 | €3,055 | -€37,008 | -92.4% |
| Taxes | 450/3 | €40,062 | €1,171 | -€38,892 | -97.1% |
| Remuneration and social security | 454/9 | - | €1,884 | +€1,884 | |
| Other amounts payable | 47/48 | €81,291 | €14,242 | -€67,049 | -82.5% |
| Accrued charges and deferred income | 492/3 | €10 | €0 | -€10 | -98.5% |
| Non-recurring operating income | 76A | - | €371 | +€371 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,196 | €19,626 | +€12,431 | +173% |
| Other operating charges | 640/8 | €1,293 | €942 | -€351 | -27.1% |
| Non-recurring operating charges | 66A | €4,228 | €1,893 | -€2,335 | -55.2% |
| Gross operating margin | 9900 | €171,005 | €87,837 | -€83,167 | -48.6% |
| Operating profit (loss) | 9901 | €158,288 | €65,375 | -€92,912 | -58.7% |
| Financial income | 75/76B | €4 | €2 | -€1 | -33.4% |
| Recurring financial income | 75 | €4 | €2 | -€1 | -33.4% |
| Financial charges | 65/66B | €447 | €351 | -€96 | -21.4% |
| Recurring financial charges | 65 | €447 | €351 | -€96 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €157,844 | €65,027 | -€92,818 | -58.8% |
| Income taxes | 67/77 | €41,970 | €18,879 | -€23,091 | -55.0% |
| Profit (loss) for the period | 9904 | €115,875 | €46,148 | -€69,727 | -60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €115,875 | €46,148 | -€69,727 | -60.2% |
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.