VICO SERVICES: 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 SERVICES
Largest movements
- Cash +€19,675
up €19,675 (+275%), from €7,154 to €26,829
mainly Net result for the year (+€33,617) and Current portion of long-term debt (+€2,723)
- Receivables within one year +€4,534
up €4,534 (+45.9%), from €9,882 to €14,416
of which Trade receivables: +€5,462
- Tangible fixed assets -€1,281
down €1,281 (-31.4%), from €4,075 to €2,793
of which Furniture and vehicles: -€3,334
- Deferred charges and accrued income +€1,086
up €1,086 (+780%), from €139 to €1,225
- Reserves +€30,013
new in 2025: €30,013
- Debts after one year -€5,619
down €5,619 (-95.6%), from €5,879 to €260
- Other debts -€4,343
down €4,343 (-43.4%), from €9,998 to €5,655
- Profit (loss) carried forward +€3,604
no longer reported in 2025 (was -€3,604)
- Current portion of long-term debt +€2,723
up €2,723 (+832%), from €327 to €3,051
- Gross operating margin +€48,430
up €48,430 (+2,287%), from €2,117 to €50,547
- Taxes +€8,479
up €8,479 (+6,437%), from €132 to €8,611
- Write-downs +€2,933
new in 2025: €2,933
- Depreciation -€2,615
down €2,615 (-89.2%), from €2,933 to €318
- Financial charges +€1,112
up €1,112 (+46.6%), from €2,386 to €3,498
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 | €21,250 | €45,264 | +€24,014 | +113% |
| Fixed assets | 21/28 | €4,075 | €2,793 | -€1,281 | -31.4% |
| Tangible fixed assets | 22/27 | €4,075 | €2,793 | -€1,281 | -31.4% |
| Plant, machinery and equipment | 23 | - | €2,053 | +€2,053 | |
| Furniture and vehicles | 24 | €4,075 | €740 | -€3,334 | -81.8% |
| Current assets | 29/58 | €17,175 | €42,471 | +€25,295 | +147% |
| Amounts receivable within one year | 40/41 | €9,882 | €14,416 | +€4,534 | +45.9% |
| Trade receivables | 40 | €6,563 | €12,025 | +€5,462 | +83.2% |
| Other amounts receivable | 41 | €3,319 | €2,391 | -€928 | -28.0% |
| Cash at bank and in hand | 54/58 | €7,154 | €26,829 | +€19,675 | +275% |
| Deferred charges and accrued income | 490/1 | €139 | €1,225 | +€1,086 | +780% |
| Total equity and liabilities | 10/49 | €21,250 | €45,264 | +€24,014 | +113% |
| Equity | 10/15 | -€3,104 | €30,513 | +€33,617 | |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | - | €30,013 | +€30,013 | |
| Distributable reserves | 133 | - | €30,013 | +€30,013 | |
| Profit (loss) carried forward | 14 | -€3,604 | - | +€3,604 | |
| Amounts payable | 17/49 | €24,354 | €14,751 | -€9,603 | -39.4% |
| Amounts payable after more than one year | 17 | €5,879 | €260 | -€5,619 | -95.6% |
| Financial debts | 170/4 | €5,879 | €260 | -€5,619 | -95.6% |
| Amounts payable within one year | 42/48 | €18,474 | €14,490 | -€3,984 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €327 | €3,051 | +€2,723 | +832% |
| Trade debts | 44 | €1,404 | €648 | -€756 | -53.9% |
| Suppliers | 440/4 | €1,404 | €648 | -€756 | -53.9% |
| Taxes, remuneration and social security | 45 | €6,744 | €5,137 | -€1,608 | -23.8% |
| Taxes | 450/3 | €4,035 | €5,137 | +€1,102 | +27.3% |
| Remuneration and social security | 454/9 | €2,710 | - | -€2,710 | |
| Other amounts payable | 47/48 | €9,998 | €5,655 | -€4,343 | -43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,933 | €318 | -€2,615 | -89.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,933 | +€2,933 | |
| Other operating charges | 640/8 | €490 | €1,512 | +€1,022 | +209% |
| Non-recurring operating charges | 66A | - | €75 | +€75 | |
| Gross operating margin | 9900 | €2,117 | €50,547 | +€48,430 | +2,287% |
| Operating profit (loss) | 9901 | -€1,306 | €45,710 | +€47,015 | |
| Financial income | 75/76B | €12 | €17 | +€4 | +35.3% |
| Recurring financial income | 75 | €12 | €17 | +€4 | +35.3% |
| Financial charges | 65/66B | €2,386 | €3,498 | +€1,112 | +46.6% |
| Recurring financial charges | 65 | €2,386 | €3,498 | +€1,112 | +46.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,679 | €42,228 | +€45,907 | |
| Income taxes | 67/77 | €132 | €8,611 | +€8,479 | +6,437% |
| Profit (loss) for the period | 9904 | -€3,811 | €33,617 | +€37,428 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,811 | €33,617 | +€37,428 |
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 14 October 2026 via checked.be.