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 -€62,562
down €62,562 (-89.7%), from €69,730 to €7,168
mainly Receivables after one year (-€60,000) and Debts after one year (-€12,592)
- Receivables after one year +€60,000
up €60,000 (+171%), from €35,000 to €95,000
- Tangible fixed assets -€11,715
down €11,715 (-8.3%), from €140,967 to €129,253
of which Land and buildings: -€9,486
- Receivables within one year +€7,959
up €7,959 (+157%), from €5,059 to €13,018
of which Other amounts receivable: +€5,335
- Reserves +€17,485
up €17,485 (+19.7%), from €88,879 to €106,364
of which Distributable reserves: +€17,485
- Debts after one year -€12,592
down €12,592 (-9.9%), from €127,650 to €115,058
- Advances received -€7,357
down €7,357 (-98.1%), from €7,502 to €145
- Other debts -€4,500
no longer reported in 2025 (was €4,500)
- Gross operating margin -€20,087
down €20,087 (-33.2%), from €60,466 to €40,379
- Taxes -€3,602
down €3,602 (-35.4%), from €10,171 to €6,569
- Financial income +€1,219
up €1,219 (+131%), from €928 to €2,147
- Other operating charges -€750
down €750 (-35.1%), from €2,137 to €1,387
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 | €251,987 | €245,669 | -€6,318 | -2.5% |
| Fixed assets | 21/28 | €142,198 | €130,483 | -€11,715 | -8.2% |
| Tangible fixed assets | 22/27 | €140,967 | €129,253 | -€11,715 | -8.3% |
| Land and buildings | 22 | €132,810 | €123,323 | -€9,486 | -7.1% |
| Furniture and vehicles | 24 | €8,158 | €5,929 | -€2,228 | -27.3% |
| Financial fixed assets | 28 | €1,231 | €1,231 | = | 0.0% |
| Current assets | 29/58 | €109,789 | €115,186 | +€5,397 | +4.9% |
| Amounts receivable after more than one year | 29 | €35,000 | €95,000 | +€60,000 | +171% |
| Other amounts receivable | 291 | €35,000 | €95,000 | +€60,000 | +171% |
| Amounts receivable within one year | 40/41 | €5,059 | €13,018 | +€7,959 | +157% |
| Trade receivables | 40 | €3,000 | €5,624 | +€2,624 | +87.5% |
| Other amounts receivable | 41 | €2,059 | €7,394 | +€5,335 | +259% |
| Cash at bank and in hand | 54/58 | €69,730 | €7,168 | -€62,562 | -89.7% |
| Total equity and liabilities | 10/49 | €251,987 | €245,669 | -€6,318 | -2.5% |
| Equity | 10/15 | €90,118 | €107,604 | +€17,485 | +19.4% |
| Contributions | 10/11 | €1,239 | €1,239 | = | 0.0% |
| Contributions outside capital | 11 | €1,239 | €1,239 | = | 0.0% |
| Other | 1109/19 | €1,239 | €1,239 | = | 0.0% |
| Reserves | 13 | €88,879 | €106,364 | +€17,485 | +19.7% |
| Non-distributable reserves | 130/1 | €124 | €124 | = | 0.0% |
| Reserves not available under the articles | 1311 | €124 | €124 | = | 0.0% |
| Distributable reserves | 133 | €88,755 | €106,240 | +€17,485 | +19.7% |
| Amounts payable | 17/49 | €161,869 | €138,066 | -€23,803 | -14.7% |
| Amounts payable after more than one year | 17 | €127,650 | €115,058 | -€12,592 | -9.9% |
| Financial debts | 170/4 | €127,650 | €115,058 | -€12,592 | -9.9% |
| Amounts payable within one year | 42/48 | €34,218 | €23,007 | -€11,211 | -32.8% |
| Current portion of amounts payable after more than one year | 42 | €12,954 | €13,053 | +€99 | +0.8% |
| Trade debts | 44 | €629 | €590 | -€38 | -6.1% |
| Suppliers | 440/4 | €629 | €590 | -€38 | -6.1% |
| Advances received on contracts in progress | 46 | €7,502 | €145 | -€7,357 | -98.1% |
| Taxes, remuneration and social security | 45 | €8,634 | €9,219 | +€585 | +6.8% |
| Taxes | 450/3 | €8,634 | €9,219 | +€585 | +6.8% |
| Other amounts payable | 47/48 | €4,500 | - | -€4,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,715 | €11,715 | = | 0.0% |
| Other operating charges | 640/8 | €2,137 | €1,387 | -€750 | -35.1% |
| Gross operating margin | 9900 | €60,466 | €40,379 | -€20,087 | -33.2% |
| Operating profit (loss) | 9901 | €46,614 | €27,277 | -€19,337 | -41.5% |
| Financial income | 75/76B | €928 | €2,147 | +€1,219 | +131% |
| Recurring financial income | 75 | €928 | €2,147 | +€1,219 | +131% |
| Financial charges | 65/66B | €5,796 | €5,369 | -€427 | -7.4% |
| Recurring financial charges | 65 | €5,796 | €5,369 | -€427 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €41,747 | €24,054 | -€17,692 | -42.4% |
| Income taxes | 67/77 | €10,171 | €6,569 | -€3,602 | -35.4% |
| Profit (loss) for the period | 9904 | €31,575 | €17,485 | -€14,090 | -44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,575 | €17,485 | -€14,090 | -44.6% |
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.