VICORE: 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.
VICORE
Largest movements
- Tangible fixed assets -€11,490
down €11,490 (-31.5%), from €36,489 to €24,999
- Cash -€7,289
down €7,289 (-65.5%), from €11,125 to €3,836
mainly Other debts (-€29,515) and Receivables within one year (-€6,000)
- Receivables within one year +€6,000
new in 2026: €6,000
- Other debts -€29,515
down €29,515 (-23.7%), from €124,314 to €94,798
- Profit (loss) carried forward +€16,242
up €16,242 (+11.3%), from -€143,154 to -€126,912
- Tax, wage and social debts +€833
up €833 (+18.6%), from €4,471 to €5,305
- Gross operating margin +€49,806
up €49,806, from -€20,012 to €29,794
- Depreciation +€315
up €315 (+2.8%), from €11,175 to €11,490
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,772 | €34,996 | -€12,776 | -26.7% |
| Fixed assets | 21/28 | €36,489 | €24,999 | -€11,490 | -31.5% |
| Tangible fixed assets | 22/27 | €36,489 | €24,999 | -€11,490 | -31.5% |
| Furniture and vehicles | 24 | €36,489 | €24,999 | -€11,490 | -31.5% |
| Current assets | 29/58 | €11,283 | €9,997 | -€1,286 | -11.4% |
| Amounts receivable within one year | 40/41 | - | €6,000 | +€6,000 | |
| Trade receivables | 40 | - | €6,000 | +€6,000 | |
| Cash at bank and in hand | 54/58 | €11,125 | €3,836 | -€7,289 | -65.5% |
| Deferred charges and accrued income | 490/1 | €157 | €161 | +€3 | +2.0% |
| Total equity and liabilities | 10/49 | €47,772 | €34,996 | -€12,776 | -26.7% |
| Equity | 10/15 | -€81,654 | -€65,412 | +€16,242 | +19.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€143,154 | -€126,912 | +€16,242 | +11.3% |
| Amounts payable | 17/49 | €129,425 | €100,408 | -€29,018 | -22.4% |
| Amounts payable within one year | 42/48 | €129,425 | €100,408 | -€29,018 | -22.4% |
| Trade debts | 44 | €640 | €305 | -€336 | -52.4% |
| Suppliers | 440/4 | €640 | €305 | -€336 | -52.4% |
| Taxes, remuneration and social security | 45 | €4,471 | €5,305 | +€833 | +18.6% |
| Taxes | 450/3 | €4,471 | €5,305 | +€833 | +18.6% |
| Other amounts payable | 47/48 | €124,314 | €94,798 | -€29,515 | -23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,175 | €11,490 | +€315 | +2.8% |
| Other operating charges | 640/8 | €1,517 | €1,311 | -€206 | -13.6% |
| Gross operating margin | 9900 | -€20,012 | €29,794 | +€49,806 | |
| Operating profit (loss) | 9901 | -€32,704 | €16,992 | +€49,696 | |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | €58 | €85 | +€27 | +46.2% |
| Recurring financial charges | 65 | €58 | €85 | +€27 | +46.2% |
| Profit (loss) for the period before taxes | 9903 | -€32,762 | €16,926 | +€49,688 | |
| Income taxes | 67/77 | €685 | €684 | -€1 | -0.1% |
| Profit (loss) for the period | 9904 | -€33,447 | €16,242 | +€49,689 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,447 | €16,242 | +€49,689 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.