VICOQ: 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.
VICOQ
Largest movements
- Receivables within one year +€8,714
up €8,714 (+278.9%), from €3,125 to €11,839
of which Trade receivables: +€7,890
- Cash +€455
up €455 (+2.9%), from €15,934 to €16,389
mainly Tax, wage and social debts (+€5,200) and Net result for the year (+€3,953)
- Tax, wage and social debts +€5,200
new in 2025: €5,200
- Profit (loss) carried forward +€3,953
up €3,953, from -€3,347 to €606
- Gross operating margin +€37,595
up €37,595, from -€1,770 to €35,825
- Staff costs +€31,657
up €31,657, from -€650 to €31,007
- Depreciation -€401
down €401 (-80.3%), from €500 to €99
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 | €19,157 | €28,228 | +€9,071 | +47.3% |
| Fixed assets | 21/28 | €99 | - | -€99 | |
| Tangible fixed assets | 22/27 | €99 | - | -€99 | |
| Plant, machinery and equipment | 23 | €99 | - | -€99 | |
| Current assets | 29/58 | €19,059 | €28,228 | +€9,169 | +48.1% |
| Amounts receivable within one year | 40/41 | €3,125 | €11,839 | +€8,714 | +278.9% |
| Trade receivables | 40 | €2,913 | €10,803 | +€7,890 | +270.8% |
| Other amounts receivable | 41 | €212 | €1,036 | +€824 | +388.9% |
| Cash at bank and in hand | 54/58 | €15,934 | €16,389 | +€455 | +2.9% |
| Total equity and liabilities | 10/49 | €19,157 | €28,228 | +€9,071 | +47.3% |
| Equity | 10/15 | €17,113 | €21,066 | +€3,953 | +23.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,347 | €606 | +€3,953 | |
| Amounts payable | 17/49 | €2,044 | €7,162 | +€5,118 | +250.4% |
| Amounts payable within one year | 42/48 | €2,044 | €7,162 | +€5,118 | +250.4% |
| Trade debts | 44 | €158 | - | -€158 | |
| Suppliers | 440/4 | €158 | - | -€158 | |
| Taxes, remuneration and social security | 45 | - | €5,200 | +€5,200 | |
| Taxes | 450/3 | - | €5,200 | +€5,200 | |
| Other amounts payable | 47/48 | €1,887 | €1,962 | +€75 | +4.0% |
| Remuneration, social security and pensions | 62 | -€650 | €31,007 | +€31,657 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500 | €99 | -€401 | -80.3% |
| Other operating charges | 640/8 | €642 | €527 | -€115 | -17.9% |
| Gross operating margin | 9900 | -€1,770 | €35,825 | +€37,595 | |
| Operating profit (loss) | 9901 | -€2,262 | €4,193 | +€6,454 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €240 | €240 | = | 0.0% |
| Recurring financial charges | 65 | €240 | €240 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,502 | €3,953 | +€6,455 | |
| Profit (loss) for the period | 9904 | -€2,502 | €3,953 | +€6,455 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,502 | €3,953 | +€6,455 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.