VICTOIRE BILLY: 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.
VICTOIRE BILLY
Largest movements
- Receivables within one year -€1,670
no longer reported in 2025 (was €1,670)
- Deferred charges and accrued income +€1,633
up €1,633 (+27.8%), from €5,879 to €7,512
- Cash +€634
up €634 (+61.3%), from €1,036 to €1,670
mainly Net result for the year (+€10,407) and Other debts (+€8,753)
- Stocks and contracts -€250
down €250 (-20.0%), from €1,250 to €1,000
- Other debts +€8,753
up €8,753, from €0 to €8,753
- Tax, wage and social debts -€4,195
down €4,195 (-85.0%), from €4,937 to €742
- Profit (loss) carried forward -€4,004
no longer reported in 2025 (was €4,004)
- Trade debts -€206
down €206 (-26.0%), from €793 to €587
- Gross operating margin +€21,776
up €21,776, from -€4,622 to €17,154
- Taxes +€3,148
up €3,148 (+869%), from €362 to €3,510
- Financial charges -€322
down €322 (-12.7%), from €2,542 to €2,220
- Other operating charges +€207
up €207 (+25.5%), from €811 to €1,017
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 | €9,835 | €10,182 | +€347 | +3.5% |
| Current assets | 29/58 | €9,835 | €10,182 | +€347 | +3.5% |
| Stocks and contracts in progress | 3 | €1,250 | €1,000 | -€250 | -20.0% |
| Stocks | 30/36 | €1,250 | €1,000 | -€250 | -20.0% |
| Amounts receivable within one year | 40/41 | €1,670 | - | -€1,670 | |
| Other amounts receivable | 41 | €1,670 | - | -€1,670 | |
| Cash at bank and in hand | 54/58 | €1,036 | €1,670 | +€634 | +61.3% |
| Deferred charges and accrued income | 490/1 | €5,879 | €7,512 | +€1,633 | +27.8% |
| Total equity and liabilities | 10/49 | €9,835 | €10,182 | +€347 | +3.5% |
| Equity | 10/15 | €4,104 | €100 | -€4,004 | -97.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,004 | - | -€4,004 | |
| Amounts payable | 17/49 | €5,730 | €10,082 | +€4,352 | +75.9% |
| Amounts payable within one year | 42/48 | €5,730 | €10,082 | +€4,352 | +75.9% |
| Trade debts | 44 | €793 | €587 | -€206 | -26.0% |
| Suppliers | 440/4 | €793 | €587 | -€206 | -26.0% |
| Taxes, remuneration and social security | 45 | €4,937 | €742 | -€4,195 | -85.0% |
| Taxes | 450/3 | €4,937 | €742 | -€4,195 | -85.0% |
| Other amounts payable | 47/48 | €0 | €8,753 | +€8,753 | |
| Other operating charges | 640/8 | €811 | €1,017 | +€207 | +25.5% |
| Gross operating margin | 9900 | -€4,622 | €17,154 | +€21,776 | |
| Operating profit (loss) | 9901 | -€5,433 | €16,137 | +€21,569 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,542 | €2,220 | -€322 | -12.7% |
| Recurring financial charges | 65 | €2,542 | €2,220 | -€322 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,975 | €13,917 | +€21,892 | |
| Income taxes | 67/77 | €362 | €3,510 | +€3,148 | +869% |
| Profit (loss) for the period | 9904 | -€8,337 | €10,407 | +€18,744 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,337 | €10,407 | +€18,744 |
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 16 October 2026 via checked.be.