VICTHUR: 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.
VICTHUR
Largest movements
- Cash +€56,053
up €56,053 (+185.9%), from €30,159 to €86,213
mainly Net result for the year (+€454,480) and Debts after one year (+€49,889)
- Tangible fixed assets -€25,603
down €25,603 (-35.0%), from €73,167 to €47,563
of which Furniture and vehicles: -€19,203
- Receivables within one year -€20,465
down €20,465 (-66.2%), from €30,927 to €10,463
of which Trade receivables: -€19,733
- Current portion of long-term debt -€493,423
down €493,423 (-100.0%), from €493,423 to €0
- Reserves +€454,480
up €454,480 (+403.7%), from €112,583 to €567,062
- Debts after one year +€49,889
up €49,889 (+20.2%), from €247,111 to €297,000
- Financial income +€399,979
up €399,979 (+142849539.3%), from €0 to €399,979
- Gross operating margin +€31,604
up €31,604 (+41.5%), from €76,095 to €107,699
- Taxes +€7,303
up €7,303 (+62.1%), from €11,762 to €19,066
- Financial charges +€4,158
up €4,158 (+2235.6%), from €186 to €4,344
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 | €874,671 | €884,412 | +€9,741 | +1.1% |
| Fixed assets | 21/28 | €810,813 | €785,209 | -€25,603 | -3.2% |
| Tangible fixed assets | 22/27 | €73,167 | €47,563 | -€25,603 | -35.0% |
| Plant, machinery and equipment | 23 | €23,467 | €17,067 | -€6,400 | -27.3% |
| Furniture and vehicles | 24 | €49,700 | €30,497 | -€19,203 | -38.6% |
| Financial fixed assets | 28 | €737,646 | €737,646 | = | 0.0% |
| Current assets | 29/58 | €63,858 | €99,203 | +€35,344 | +55.3% |
| Amounts receivable within one year | 40/41 | €30,927 | €10,463 | -€20,465 | -66.2% |
| Trade receivables | 40 | €30,196 | €10,463 | -€19,733 | -65.4% |
| Other amounts receivable | 41 | €731 | €0 | -€731 | -100.0% |
| Cash at bank and in hand | 54/58 | €30,159 | €86,213 | +€56,053 | +185.9% |
| Deferred charges and accrued income | 490/1 | €2,771 | €2,527 | -€244 | -8.8% |
| Total equity and liabilities | 10/49 | €874,671 | €884,412 | +€9,741 | +1.1% |
| Equity | 10/15 | €115,083 | €569,562 | +€454,480 | +394.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €112,583 | €567,062 | +€454,480 | +403.7% |
| Distributable reserves | 133 | €112,583 | €567,062 | +€454,480 | +403.7% |
| Amounts payable | 17/49 | €759,588 | €314,850 | -€444,738 | -58.5% |
| Amounts payable after more than one year | 17 | €247,111 | €297,000 | +€49,889 | +20.2% |
| Financial debts | 170/4 | €247,111 | €297,000 | +€49,889 | +20.2% |
| Amounts payable within one year | 42/48 | €512,477 | €17,850 | -€494,627 | -96.5% |
| Current portion of amounts payable after more than one year | 42 | €493,423 | €0 | -€493,423 | -100.0% |
| Trade debts | 44 | €1,415 | €1,027 | -€388 | -27.4% |
| Suppliers | 440/4 | €1,415 | €1,027 | -€388 | -27.4% |
| Taxes, remuneration and social security | 45 | €16,388 | €15,933 | -€456 | -2.8% |
| Taxes | 450/3 | €16,388 | €15,933 | -€456 | -2.8% |
| Other amounts payable | 47/48 | €1,251 | €890 | -€360 | -28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,914 | €28,643 | -€270 | -0.9% |
| Other operating charges | 640/8 | €1,056 | €1,145 | +€90 | +8.5% |
| Gross operating margin | 9900 | €76,095 | €107,699 | +€31,604 | +41.5% |
| Operating profit (loss) | 9901 | €46,126 | €77,910 | +€31,785 | +68.9% |
| Financial income | 75/76B | €0 | €399,979 | +€399,979 | +142849539.3% |
| Recurring financial income | 75 | €0 | €399,979 | +€399,979 | +142849539.3% |
| Financial charges | 65/66B | €186 | €4,344 | +€4,158 | +2235.6% |
| Recurring financial charges | 65 | €186 | €4,344 | +€4,158 | +2235.6% |
| Profit (loss) for the period before taxes | 9903 | €45,940 | €473,545 | +€427,606 | +930.8% |
| Income taxes | 67/77 | €11,762 | €19,066 | +€7,303 | +62.1% |
| Profit (loss) for the period | 9904 | €34,177 | €454,480 | +€420,302 | +1229.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,177 | €454,480 | +€420,302 | +1229.8% |
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 10 October 2026 via checked.be.