VICTIM: what changed
VICTIM
Largest movements
- Tangible fixed assets -€15,526
down €15,526 (-4.0%), from €388,102 to €372,576
of which Land and buildings: -€14,400
- Other debts +€79,186
up €79,186 (+7,070%), from €1,120 to €80,306
- Reserves -€39,367
down €39,367 (-32.6%), from €120,751 to €81,384
of which Distributable reserves: -€39,367
- Debts after one year -€22,411
down €22,411 (-9.1%), from €247,411 to €225,000
of which Financial debts: -€22,411
- Contributions -€18,600
no longer reported in 2025 (was €18,600)
- Current portion of long-term debt -€16,386
down €16,386 (-42.2%), from €38,797 to €22,411
- Gross operating margin +€13,532
up €13,532 (+16.3%), from €82,873 to €96,404
- Taxes +€13,205
up €13,205 (+417%), from €3,167 to €16,372
- Financial charges +€3,047
up €3,047 (+21.9%), from €13,940 to €16,987
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €437,663 | €420,276 | -€17,387 | -4.0% |
| Fixed assets | 21/28 | €388,402 | €372,876 | -€15,526 | -4.0% |
| Tangible fixed assets | 22/27 | €388,102 | €372,576 | -€15,526 | -4.0% |
| Land and buildings | 22 | €385,600 | €371,200 | -€14,400 | -3.7% |
| Furniture and vehicles | 24 | €2,502 | €1,376 | -€1,126 | -45.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €49,261 | €47,401 | -€1,860 | -3.8% |
| Amounts receivable within one year | 40/41 | €43,682 | €41,513 | -€2,169 | -5.0% |
| Trade receivables | 40 | €43,682 | €41,513 | -€2,169 | -5.0% |
| Cash at bank and in hand | 54/58 | €5,264 | €5,558 | +€294 | +5.6% |
| Deferred charges and accrued income | 490/1 | €315 | €330 | +€15 | +4.8% |
| Total equity and liabilities | 10/49 | €437,663 | €420,276 | -€17,387 | -4.0% |
| Equity | 10/15 | €139,351 | €81,384 | -€57,967 | -41.6% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €120,751 | €81,384 | -€39,367 | -32.6% |
| Tax-exempt reserves | 132 | €5,731 | €5,731 | = | 0.0% |
| Distributable reserves | 133 | €115,020 | €75,653 | -€39,367 | -34.2% |
| Amounts payable | 17/49 | €298,312 | €338,892 | +€40,580 | +13.6% |
| Amounts payable after more than one year | 17 | €247,411 | €225,000 | -€22,411 | -9.1% |
| Financial debts | 170/4 | €22,411 | - | -€22,411 | |
| Other amounts payable | 178/9 | €225,000 | €225,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €50,901 | €113,892 | +€62,991 | +124% |
| Current portion of amounts payable after more than one year | 42 | €38,797 | €22,411 | -€16,386 | -42.2% |
| Trade debts | 44 | €1,255 | €1,091 | -€164 | -13.1% |
| Suppliers | 440/4 | €1,255 | €1,091 | -€164 | -13.1% |
| Taxes, remuneration and social security | 45 | €9,729 | €10,084 | +€355 | +3.6% |
| Taxes | 450/3 | €9,729 | €10,084 | +€355 | +3.6% |
| Other amounts payable | 47/48 | €1,120 | €80,306 | +€79,186 | +7,070% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,452 | €15,526 | -€925 | -5.6% |
| Other operating charges | 640/8 | €2,024 | €1,932 | -€92 | -4.5% |
| Gross operating margin | 9900 | €82,873 | €96,404 | +€13,532 | +16.3% |
| Operating profit (loss) | 9901 | €64,397 | €78,946 | +€14,549 | +22.6% |
| Financial charges | 65/66B | €13,940 | €16,987 | +€3,047 | +21.9% |
| Recurring financial charges | 65 | €13,940 | €16,987 | +€3,047 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €50,456 | €61,959 | +€11,502 | +22.8% |
| Income taxes | 67/77 | €3,167 | €16,372 | +€13,205 | +417% |
| Profit (loss) for the period | 9904 | €47,290 | €45,587 | -€1,703 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,290 | €45,587 | -€1,703 | -3.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.