VICOL: 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.
VICOL
Largest movements
- Receivables within one year +€51,561
up €51,561 (+442%), from €11,654 to €63,215
of which Trade receivables: +€50,536
- Tangible fixed assets +€22,113
up €22,113 (+121%), from €18,221 to €40,334
- Other debts -€61,967
down €61,967 (-79.3%), from €78,113 to €16,147
- Advances received +€60,000
new in 2025: €60,000
- Debts after one year +€28,203
up €28,203 (+1,256%), from €2,245 to €30,447
- Tax, wage and social debts +€27,262
up €27,262 (+181%), from €15,082 to €42,344
of which Taxes: +€27,262
- Trade debts +€14,277
up €14,277 (+2,961%), from €482 to €14,759
- Gross operating margin +€111,327
up €111,327 (+180%), from €61,988 to €173,315
- Taxes +€27,262
up €27,262 (+214%), from €12,738 to €40,000
- Depreciation +€6,320
up €6,320 (+36.3%), from €17,431 to €23,752
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 | €119,195 | €191,097 | +€71,902 | +60.3% |
| Fixed assets | 21/28 | €18,221 | €40,334 | +€22,113 | +121% |
| Tangible fixed assets | 22/27 | €18,221 | €40,334 | +€22,113 | +121% |
| Furniture and vehicles | 24 | €18,221 | €40,334 | +€22,113 | +121% |
| Current assets | 29/58 | €100,974 | €150,764 | +€49,789 | +49.3% |
| Amounts receivable within one year | 40/41 | €11,654 | €63,215 | +€51,561 | +442% |
| Trade receivables | 40 | €5,751 | €56,287 | +€50,536 | +879% |
| Other amounts receivable | 41 | €5,903 | €6,928 | +€1,025 | +17.4% |
| Cash at bank and in hand | 54/58 | €88,471 | €86,755 | -€1,716 | -1.9% |
| Deferred charges and accrued income | 490/1 | €850 | €793 | -€56 | -6.6% |
| Total equity and liabilities | 10/49 | €119,195 | €191,097 | +€71,902 | +60.3% |
| Equity | 10/15 | €10,036 | €16,489 | +€6,453 | +64.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36 | €6,489 | +€6,453 | +18,128% |
| Amounts payable | 17/49 | €109,159 | €174,608 | +€65,449 | +60.0% |
| Amounts payable after more than one year | 17 | €2,245 | €30,447 | +€28,203 | +1,256% |
| Financial debts | 170/4 | €2,245 | €30,447 | +€28,203 | +1,256% |
| Amounts payable within one year | 42/48 | €106,907 | €144,159 | +€37,252 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | €13,230 | €10,910 | -€2,320 | -17.5% |
| Trade debts | 44 | €482 | €14,759 | +€14,277 | +2,961% |
| Suppliers | 440/4 | €482 | €14,759 | +€14,277 | +2,961% |
| Advances received on contracts in progress | 46 | - | €60,000 | +€60,000 | |
| Taxes, remuneration and social security | 45 | €15,082 | €42,344 | +€27,262 | +181% |
| Taxes | 450/3 | €12,738 | €40,000 | +€27,262 | +214% |
| Remuneration and social security | 454/9 | €2,344 | €2,344 | = | 0.0% |
| Other amounts payable | 47/48 | €78,113 | €16,147 | -€61,967 | -79.3% |
| Accrued charges and deferred income | 492/3 | €8 | €1 | -€6 | -85.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,431 | €23,752 | +€6,320 | +36.3% |
| Other operating charges | 640/8 | €874 | €827 | -€47 | -5.4% |
| Gross operating margin | 9900 | €61,988 | €173,315 | +€111,327 | +180% |
| Operating profit (loss) | 9901 | €43,683 | €148,737 | +€105,054 | +240% |
| Financial income | 75/76B | €122 | €17 | -€105 | -85.7% |
| Recurring financial income | 75 | €122 | €17 | -€105 | -85.7% |
| Financial charges | 65/66B | €649 | €2,301 | +€1,652 | +254% |
| Recurring financial charges | 65 | €649 | €2,301 | +€1,652 | +254% |
| Profit (loss) for the period before taxes | 9903 | €43,156 | €146,453 | +€103,298 | +239% |
| Income taxes | 67/77 | €12,738 | €40,000 | +€27,262 | +214% |
| Profit (loss) for the period | 9904 | €30,418 | €106,453 | +€76,035 | +250% |
| Profit (loss) for the period to be appropriated | 9905 | €30,418 | €106,453 | +€76,035 | +250% |
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.