Viconco: what changed
Two fiscal 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.
Viconco
Largest movements
- Stocks and contracts +€1.0m
up €1.0m (+218.4%), from €474,631 to €1.5m
- Receivables within one year -€504,367
down €504,367 (-49.4%), from €1.0m to €515,929
of which Other amounts receivable: -€738,717
- Financial fixed assets +€468,295
up €468,295 (+65.2%), from €717,800 to €1.2m
- Cash -€51,868
down €51,868 (-93.5%), from €55,473 to €3,605
mainly Stocks and contracts (-€1.0m) and Investment in fixed assets (net) (-€468,295)
- Other debts +€651,393
up €651,393 (+64.7%), from €1.0m to €1.7m
- Advances received +€163,675
new in 2025: €163,675
- Trade debts +€90,991
up €90,991 (+294.3%), from €30,918 to €121,910
- Reserves +€84,422
up €84,422 (+43.3%), from €194,768 to €279,190
- Debts after one year -€51,000
down €51,000 (-5.0%), from €1.0m to €967,915
- Gross operating margin +€36,468
up €36,468 (+105.8%), from €34,466 to €70,934
- Taxes +€8,284
up €8,284 (+70.8%), from €11,700 to €19,984
- Financial income -€2,403
down €2,403 (-5.8%), from €41,725 to €39,322
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.
Cash bridge derived
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 | €2,275,034 | €3,224,971 | +€949,938 | +41.8% |
| Fixed assets | 21/28 | €723,527 | €1,190,263 | +€466,735 | +64.5% |
| Intangible fixed assets | 21 | €577 | €376 | -€200 | -34.7% |
| Tangible fixed assets | 22/27 | €5,151 | €3,791 | -€1,360 | -26.4% |
| Furniture and vehicles | 24 | €5,151 | €3,791 | -€1,360 | -26.4% |
| Financial fixed assets | 28 | €717,800 | €1,186,095 | +€468,295 | +65.2% |
| Current assets | 29/58 | €1,551,506 | €2,034,709 | +€483,202 | +31.1% |
| Stocks and contracts in progress | 3 | €474,631 | €1,511,228 | +€1.0m | +218.4% |
| Stocks | 30/36 | €474,631 | €1,511,228 | +€1.0m | +218.4% |
| Amounts receivable within one year | 40/41 | €1,020,297 | €515,929 | -€504,367 | -49.4% |
| Trade receivables | 40 | €105,557 | €339,906 | +€234,349 | +222.0% |
| Other amounts receivable | 41 | €914,740 | €176,023 | -€738,717 | -80.8% |
| Cash at bank and in hand | 54/58 | €55,473 | €3,605 | -€51,868 | -93.5% |
| Deferred charges and accrued income | 490/1 | €1,106 | €3,946 | +€2,841 | +257.0% |
| Total equity and liabilities | 10/49 | €2,275,034 | €3,224,971 | +€949,938 | +41.8% |
| Equity | 10/15 | €212,438 | €296,860 | +€84,422 | +39.7% |
| Contributions | 10/11 | €17,670 | €17,670 | = | 0.0% |
| Reserves | 13 | €194,768 | €279,190 | +€84,422 | +43.3% |
| Distributable reserves | 133 | €194,768 | €279,190 | +€84,422 | +43.3% |
| Amounts payable | 17/49 | €2,062,595 | €2,928,111 | +€865,516 | +42.0% |
| Amounts payable after more than one year | 17 | €1,018,915 | €967,915 | -€51,000 | -5.0% |
| Financial debts | 170/4 | €1,018,915 | €967,915 | -€51,000 | -5.0% |
| Amounts payable within one year | 42/48 | €1,042,052 | €1,955,760 | +€913,709 | +87.7% |
| Trade debts | 44 | €30,918 | €121,910 | +€90,991 | +294.3% |
| Suppliers | 440/4 | €30,918 | €121,910 | +€90,991 | +294.3% |
| Advances received on contracts in progress | 46 | - | €163,675 | +€163,675 | |
| Taxes, remuneration and social security | 45 | €3,850 | €11,500 | +€7,650 | +198.7% |
| Taxes | 450/3 | €3,850 | €11,500 | +€7,650 | +198.7% |
| Other amounts payable | 47/48 | €1,007,283 | €1,658,676 | +€651,393 | +64.7% |
| Accrued charges and deferred income | 492/3 | €1,629 | €4,436 | +€2,807 | +172.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,560 | €1,560 | +€0 | 0.0% |
| Other operating charges | 640/8 | €387 | €0 | -€387 | -100.0% |
| Gross operating margin | 9900 | €34,466 | €70,934 | +€36,468 | +105.8% |
| Operating profit (loss) | 9901 | €32,519 | €69,374 | +€36,855 | +113.3% |
| Financial income | 75/76B | €41,725 | €39,322 | -€2,403 | -5.8% |
| Recurring financial income | 75 | €41,725 | €39,322 | -€2,403 | -5.8% |
| Financial charges | 65/66B | €3,902 | €4,290 | +€388 | +9.9% |
| Recurring financial charges | 65 | €3,902 | €4,290 | +€388 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €70,342 | €104,406 | +€34,064 | +48.4% |
| Income taxes | 67/77 | €11,700 | €19,984 | +€8,284 | +70.8% |
| Profit (loss) for the period | 9904 | €58,642 | €84,422 | +€25,780 | +44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,642 | €84,422 | +€25,780 | +44.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.