VICTECH: 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.
VICTECH
Largest movements
- Cash +€17,160
new in 2025: €17,160
mainly Net result for the year (+€33,198) and Trade debts (+€8,450)
- Receivables within one year +€10,221
up €10,221 (+11.6%), from €88,179 to €98,400
of which Other amounts receivable: +€12,449
- Profit (loss) carried forward +€19,648
no longer reported in 2025 (was -€19,648)
- Reserves +€13,550
new in 2025: €13,550
- Current portion of long-term debt -€8,774
down €8,774 (-90.3%), from €9,719 to €946
- Trade debts +€8,450
up €8,450 (+27.2%), from €31,039 to €39,489
- Accrued charges and deferred income -€7,100
no longer reported in 2025 (was €7,100)
- Staff costs -€39,697
down €39,697 (-75.4%), from €52,624 to €12,928
- Gross operating margin +€12,172
up €12,172 (+23.5%), from €51,786 to €63,958
- Taxes +€12,113
new in 2025: €12,113
- Financial charges -€3,222
down €3,222 (-59.4%), from €5,422 to €2,200
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 | €98,774 | €125,755 | +€26,981 | +27.3% |
| Fixed assets | 21/28 | €10,227 | €9,145 | -€1,083 | -10.6% |
| Tangible fixed assets | 22/27 | €10,227 | €9,145 | -€1,083 | -10.6% |
| Plant, machinery and equipment | 23 | €10,227 | €9,145 | -€1,083 | -10.6% |
| Current assets | 29/58 | €88,547 | €116,610 | +€28,063 | +31.7% |
| Amounts receivable within one year | 40/41 | €88,179 | €98,400 | +€10,221 | +11.6% |
| Trade receivables | 40 | €37,520 | €35,292 | -€2,228 | -5.9% |
| Other amounts receivable | 41 | €50,659 | €63,107 | +€12,449 | +24.6% |
| Cash at bank and in hand | 54/58 | - | €17,160 | +€17,160 | |
| Deferred charges and accrued income | 490/1 | €368 | €1,050 | +€682 | +186% |
| Total equity and liabilities | 10/49 | €98,774 | €125,755 | +€26,981 | +27.3% |
| Equity | 10/15 | -€16,648 | €16,550 | +€33,198 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €13,550 | +€13,550 | |
| Distributable reserves | 133 | - | €13,550 | +€13,550 | |
| Profit (loss) carried forward | 14 | -€19,648 | - | +€19,648 | |
| Amounts payable | 17/49 | €115,422 | €109,205 | -€6,217 | -5.4% |
| Amounts payable within one year | 42/48 | €108,322 | €109,205 | +€883 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €9,719 | €946 | -€8,774 | -90.3% |
| Trade debts | 44 | €31,039 | €39,489 | +€8,450 | +27.2% |
| Suppliers | 440/4 | €31,039 | €39,489 | +€8,450 | +27.2% |
| Taxes, remuneration and social security | 45 | €22,233 | €18,063 | -€4,171 | -18.8% |
| Taxes | 450/3 | €22,233 | €18,063 | -€4,171 | -18.8% |
| Other amounts payable | 47/48 | €45,330 | €50,708 | +€5,377 | +11.9% |
| Accrued charges and deferred income | 492/3 | €7,100 | - | -€7,100 | |
| Remuneration, social security and pensions | 62 | €52,624 | €12,928 | -€39,697 | -75.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,467 | €2,723 | +€256 | +10.4% |
| Other operating charges | 640/8 | €418 | €990 | +€572 | +137% |
| Gross operating margin | 9900 | €51,786 | €63,958 | +€12,172 | +23.5% |
| Operating profit (loss) | 9901 | -€3,724 | €47,317 | +€51,041 | |
| Financial income | 75/76B | €0 | €194 | +€194 | +645,400% |
| Recurring financial income | 75 | €0 | €194 | +€194 | +645,400% |
| Financial charges | 65/66B | €5,422 | €2,200 | -€3,222 | -59.4% |
| Recurring financial charges | 65 | €5,422 | €2,200 | -€3,222 | -59.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,146 | €45,311 | +€54,457 | |
| Income taxes | 67/77 | - | €12,113 | +€12,113 | |
| Profit (loss) for the period | 9904 | -€9,146 | €33,198 | +€42,344 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,146 | €33,198 | +€42,344 |
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.