VICS: 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.
VICS
Largest movements
- Tangible fixed assets +€519,414
up €519,414 (+225%), from €230,356 to €749,770
of which Land and buildings: +€518,379
- Current investments -€95,000
down €95,000 (-100%), from €95,000 to €0
- Cash +€8,912
up €8,912 (+101%), from €8,801 to €17,713
mainly Contributions, distributions and other (+€485,000) and Current investments (+€95,000)
- Contributions +€485,000
up €485,000 (+2,608%), from €18,600 to €503,600
- Debts after one year -€23,596
down €23,596 (-13.3%), from €178,028 to €154,432
- Profit (loss) carried forward -€23,316
down €23,316, from €0 to -€23,316
- Gross operating margin -€210,569
down €210,569 (-94.5%), from €222,864 to €12,295
- Taxes -€36,117
down €36,117 (-100%), from €36,117 to €0
- Other operating charges -€28,345
down €28,345 (-86.7%), from €32,691 to €4,346
- Depreciation +€6,658
up €6,658 (+28.6%), from €23,253 to €29,912
- Financial charges -€3,290
down €3,290 (-50.4%), from €6,525 to €3,235
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 | €336,783 | €769,990 | +€433,208 | +129% |
| Fixed assets | 21/28 | €230,356 | €749,770 | +€519,414 | +225% |
| Tangible fixed assets | 22/27 | €230,356 | €749,770 | +€519,414 | +225% |
| Land and buildings | 22 | €218,439 | €736,819 | +€518,379 | +237% |
| Plant, machinery and equipment | 23 | €10,294 | €11,820 | +€1,525 | +14.8% |
| Furniture and vehicles | 24 | €1,623 | €1,132 | -€491 | -30.3% |
| Current assets | 29/58 | €106,426 | €20,220 | -€86,206 | -81.0% |
| Amounts receivable within one year | 40/41 | €1,725 | €2,289 | +€565 | +32.7% |
| Trade receivables | 40 | €1,725 | €1,725 | = | 0.0% |
| Other amounts receivable | 41 | €0 | €565 | +€565 | |
| Current investments | 50/53 | €95,000 | €0 | -€95,000 | -100% |
| Cash at bank and in hand | 54/58 | €8,801 | €17,713 | +€8,912 | +101% |
| Deferred charges and accrued income | 490/1 | €901 | €218 | -€683 | -75.8% |
| Total equity and liabilities | 10/49 | €336,783 | €769,990 | +€433,208 | +129% |
| Equity | 10/15 | €126,163 | €587,847 | +€461,684 | +366% |
| Contributions | 10/11 | €18,600 | €503,600 | +€485,000 | +2,608% |
| Reserves | 13 | €107,563 | €107,563 | = | 0.0% |
| Distributable reserves | 133 | €107,563 | €107,563 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€23,316 | -€23,316 | |
| Amounts payable | 17/49 | €210,620 | €182,144 | -€28,476 | -13.5% |
| Amounts payable after more than one year | 17 | €178,028 | €154,432 | -€23,596 | -13.3% |
| Financial debts | 170/4 | €178,028 | €154,432 | -€23,596 | -13.3% |
| Amounts payable within one year | 42/48 | €30,170 | €25,516 | -€4,655 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €23,210 | €23,596 | +€386 | +1.7% |
| Trade debts | 44 | €518 | €366 | -€152 | -29.3% |
| Suppliers | 440/4 | €518 | €366 | -€152 | -29.3% |
| Taxes, remuneration and social security | 45 | €6,442 | €964 | -€5,478 | -85.0% |
| Taxes | 450/3 | €6,442 | €964 | -€5,478 | -85.0% |
| Other amounts payable | 47/48 | €0 | €590 | +€590 | |
| Accrued charges and deferred income | 492/3 | €2,421 | €2,196 | -€225 | -9.3% |
| Non-recurring operating income | 76A | €208,000 | €0 | -€208,000 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,253 | €29,912 | +€6,658 | +28.6% |
| Other operating charges | 640/8 | €32,691 | €4,346 | -€28,345 | -86.7% |
| Gross operating margin | 9900 | €222,864 | €12,295 | -€210,569 | -94.5% |
| Operating profit (loss) | 9901 | €166,920 | -€21,963 | -€188,883 | |
| Financial income | 75/76B | €750 | €1,882 | +€1,132 | +151% |
| Recurring financial income | 75 | €750 | €1,882 | +€1,132 | +151% |
| Financial charges | 65/66B | €6,525 | €3,235 | -€3,290 | -50.4% |
| Recurring financial charges | 65 | €6,525 | €3,235 | -€3,290 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | €161,145 | -€23,316 | -€184,461 | |
| Income taxes | 67/77 | €36,117 | €0 | -€36,117 | -100% |
| Profit (loss) for the period | 9904 | €125,027 | -€23,316 | -€148,344 | |
| Profit (loss) for the period to be appropriated | 9905 | €125,027 | -€23,316 | -€148,344 |
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.