VICTEL SERVICES: 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.
VICTEL SERVICES
Largest movements
- Tangible fixed assets +€54,525
up €54,525 (+19.5%), from €279,852 to €334,376
- Receivables within one year +€29,451
up €29,451 (+811%), from €3,630 to €33,081
of which Trade receivables: +€28,751
- Other debts +€71,342
up €71,342 (+90.4%), from €78,885 to €150,226
- Trade debts +€21,041
up €21,041 (+4,832%), from €435 to €21,477
- Debts after one year -€10,171
down €10,171 (-4.9%), from €207,289 to €197,118
- Other operating charges -€32,316
down €32,316 (-94.0%), from €34,372 to €2,055
- Depreciation +€13,821
up €13,821 (+9,315%), from €148 to €13,970
- Financial charges +€8,878
up €8,878 (+13,618%), from €65 to €8,943
- Gross operating margin -€376
down €376 (-1.4%), from €27,642 to €27,266
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 | €295,137 | €377,666 | +€82,529 | +28.0% |
| Fixed assets | 21/28 | €279,852 | €334,376 | +€54,525 | +19.5% |
| Tangible fixed assets | 22/27 | €279,852 | €334,376 | +€54,525 | +19.5% |
| Land and buildings | 22 | €279,852 | €334,376 | +€54,525 | +19.5% |
| Current assets | 29/58 | €15,285 | €43,290 | +€28,004 | +183% |
| Amounts receivable within one year | 40/41 | €3,630 | €33,081 | +€29,451 | +811% |
| Trade receivables | 40 | €3,630 | €32,381 | +€28,751 | +792% |
| Other amounts receivable | 41 | - | €701 | +€701 | |
| Cash at bank and in hand | 54/58 | €10,630 | €9,163 | -€1,468 | -13.8% |
| Deferred charges and accrued income | 490/1 | €1,025 | €1,046 | +€21 | +2.0% |
| Total equity and liabilities | 10/49 | €295,137 | €377,666 | +€82,529 | +28.0% |
| Equity | 10/15 | -€6,944 | -€4,634 | +€2,309 | +33.3% |
| Profit (loss) carried forward | 14 | -€6,944 | -€4,634 | +€2,309 | +33.3% |
| Amounts payable | 17/49 | €302,081 | €382,300 | +€80,219 | +26.6% |
| Amounts payable after more than one year | 17 | €207,289 | €197,118 | -€10,171 | -4.9% |
| Financial debts | 170/4 | €207,289 | €197,118 | -€10,171 | -4.9% |
| Amounts payable within one year | 42/48 | €94,792 | €185,182 | +€90,391 | +95.4% |
| Current portion of amounts payable after more than one year | 42 | €11,961 | €11,649 | -€312 | -2.6% |
| Trade debts | 44 | €435 | €21,477 | +€21,041 | +4,832% |
| Suppliers | 440/4 | €435 | €21,477 | +€21,041 | +4,832% |
| Taxes, remuneration and social security | 45 | €3,510 | €1,830 | -€1,680 | -47.9% |
| Taxes | 450/3 | €3,510 | €1,830 | -€1,680 | -47.9% |
| Other amounts payable | 47/48 | €78,885 | €150,226 | +€71,342 | +90.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148 | €13,970 | +€13,821 | +9,315% |
| Other operating charges | 640/8 | €34,372 | €2,055 | -€32,316 | -94.0% |
| Gross operating margin | 9900 | €27,642 | €27,266 | -€376 | -1.4% |
| Operating profit (loss) | 9901 | -€6,878 | €11,241 | +€18,119 | |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €65 | €8,943 | +€8,878 | +13,618% |
| Recurring financial charges | 65 | €65 | €8,943 | +€8,878 | +13,618% |
| Profit (loss) for the period before taxes | 9903 | -€6,944 | €2,309 | +€9,253 | |
| Profit (loss) for the period | 9904 | -€6,944 | €2,309 | +€9,253 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,944 | €2,309 | +€9,253 |
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 15 October 2026 via checked.be.