VICOV: 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.
VICOV
Largest movements
- Cash -€29,314
down €29,314 (-33.6%), from €87,282 to €57,968
mainly Other debts (-€34,000) and Tax, wage and social debts (-€21,588)
- Receivables within one year -€9,204
down €9,204 (-18.9%), from €48,703 to €39,500
of which Other amounts receivable: -€12,904
- Other debts -€34,000
no longer reported in 2025 (was €34,000)
- Tax, wage and social debts -€21,588
down €21,588 (-47.7%), from €45,298 to €23,710
of which Remuneration and social security: -€13,143
- Profit (loss) carried forward +€11,889
up €11,889 (+32.2%), from €36,933 to €48,822
- Trade debts +€3,830
up €3,830 (+37.9%), from €10,093 to €13,923
- Purchases and services -€11,612
down €11,612 (-1.4%), from €814,130 to €802,518
- Staff costs +€9,901
up €9,901 (+15.9%), from €62,172 to €72,073
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 | €147,901 | €108,032 | -€39,869 | -27.0% |
| Fixed assets | 21/28 | €3,000 | €2,250 | -€750 | -25.0% |
| Tangible fixed assets | 22/27 | €3,000 | €2,250 | -€750 | -25.0% |
| Furniture and vehicles | 24 | €3,000 | €2,250 | -€750 | -25.0% |
| Current assets | 29/58 | €144,901 | €105,782 | -€39,119 | -27.0% |
| Stocks and contracts in progress | 3 | €8,059 | €7,097 | -€962 | -11.9% |
| Stocks | 30/36 | €8,059 | €7,097 | -€962 | -11.9% |
| Amounts receivable within one year | 40/41 | €48,703 | €39,500 | -€9,204 | -18.9% |
| Trade receivables | 40 | - | €3,700 | +€3,700 | |
| Other amounts receivable | 41 | €48,703 | €35,800 | -€12,904 | -26.5% |
| Cash at bank and in hand | 54/58 | €87,282 | €57,968 | -€29,314 | -33.6% |
| Deferred charges and accrued income | 490/1 | €857 | €1,217 | +€361 | +42.1% |
| Total equity and liabilities | 10/49 | €147,901 | €108,032 | -€39,869 | -27.0% |
| Equity | 10/15 | €56,503 | €68,391 | +€11,889 | +21.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €970 | €970 | = | 0.0% |
| Non-distributable reserves | 130/1 | €394 | €394 | = | 0.0% |
| Reserves not available under the articles | 1311 | €394 | €394 | = | 0.0% |
| Distributable reserves | 133 | €576 | €576 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,933 | €48,822 | +€11,889 | +32.2% |
| Amounts payable | 17/49 | €91,399 | €39,641 | -€51,758 | -56.6% |
| Amounts payable within one year | 42/48 | €91,399 | €39,641 | -€51,758 | -56.6% |
| Current portion of amounts payable after more than one year | 42 | €2,008 | €2,008 | = | 0.0% |
| Trade debts | 44 | €10,093 | €13,923 | +€3,830 | +37.9% |
| Suppliers | 440/4 | €10,093 | €13,923 | +€3,830 | +37.9% |
| Taxes, remuneration and social security | 45 | €45,298 | €23,710 | -€21,588 | -47.7% |
| Taxes | 450/3 | €27,086 | €18,642 | -€8,444 | -31.2% |
| Remuneration and social security | 454/9 | €18,211 | €5,068 | -€13,143 | -72.2% |
| Other amounts payable | 47/48 | €34,000 | - | -€34,000 | |
| Turnover | 70 | €886,875 | €880,922 | -€5,953 | -0.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €814,130 | €802,518 | -€11,612 | -1.4% |
| Remuneration, social security and pensions | 62 | €62,172 | €72,073 | +€9,901 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €750 | €750 | = | 0.0% |
| Other operating charges | 640/8 | €1,386 | €1,073 | -€313 | -22.6% |
| Gross operating margin | 9900 | €81,185 | €89,051 | +€7,866 | +9.7% |
| Operating profit (loss) | 9901 | €16,877 | €15,155 | -€1,721 | -10.2% |
| Financial income | 75/76B | €896 | €0 | -€896 | -100.0% |
| Recurring financial income | 75 | €896 | €0 | -€896 | -100.0% |
| Financial charges | 65/66B | €471 | €259 | -€212 | -44.9% |
| Recurring financial charges | 65 | €471 | €259 | -€212 | -44.9% |
| Profit (loss) for the period before taxes | 9903 | €17,302 | €14,896 | -€2,406 | -13.9% |
| Income taxes | 67/77 | €3,460 | €3,008 | -€453 | -13.1% |
| Profit (loss) for the period | 9904 | €13,841 | €11,889 | -€1,953 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,841 | €11,889 | -€1,953 | -14.1% |
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 5 October 2026 via checked.be.