VICTOM: what changed
Two fiscal 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.
VICTOM
Largest movements
- Receivables within one year +€14,523
up €14,523 (+231.1%), from €6,284 to €20,807
of which Trade receivables: +€18,332
- Tangible fixed assets -€13,845
down €13,845 (-3.6%), from €387,965 to €374,120
of which Land and buildings: -€12,662
- Reserves +€41,344
up €41,344 (+40.4%), from €102,219 to €143,563
- Debts after one year -€34,531
down €34,531 (-46.2%), from €74,768 to €40,238
- Current portion of long-term debt -€7,413
down €7,413 (-17.7%), from €41,943 to €34,531
- Trade debts +€4,886
up €4,886 (+31.0%), from €15,756 to €20,642
- Gross operating margin +€9,102
up €9,102 (+11.5%), from €78,904 to €88,006
- Taxes +€3,808
up €3,808 (+32.5%), from €11,716 to €15,524
- Depreciation -€3,005
down €3,005 (-12.2%), from €24,645 to €21,640
- Financial charges -€1,947
down €1,947 (-26.9%), from €7,245 to €5,298
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €404,186 | €405,098 | +€913 | +0.2% |
| Fixed assets | 21/28 | €389,040 | €375,195 | -€13,845 | -3.6% |
| Tangible fixed assets | 22/27 | €387,965 | €374,120 | -€13,845 | -3.6% |
| Land and buildings | 22 | €315,595 | €302,933 | -€12,662 | -4.0% |
| Plant, machinery and equipment | 23 | €72,370 | €71,186 | -€1,183 | -1.6% |
| Financial fixed assets | 28 | €1,075 | €1,075 | = | 0.0% |
| Current assets | 29/58 | €15,146 | €29,903 | +€14,757 | +97.4% |
| Stocks and contracts in progress | 3 | €3,800 | €3,800 | = | 0.0% |
| Stocks | 30/36 | €3,800 | €3,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,284 | €20,807 | +€14,523 | +231.1% |
| Trade receivables | 40 | - | €18,332 | +€18,332 | |
| Other amounts receivable | 41 | €6,284 | €2,476 | -€3,808 | -60.6% |
| Current investments | 50/53 | €1,803 | €1,803 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,711 | €2,932 | +€220 | +8.1% |
| Deferred charges and accrued income | 490/1 | €548 | €561 | +€13 | +2.4% |
| Total equity and liabilities | 10/49 | €404,186 | €405,098 | +€913 | +0.2% |
| Equity | 10/15 | €238,964 | €280,308 | +€41,344 | +17.3% |
| Contributions | 10/11 | €14,550 | €14,550 | = | 0.0% |
| Reserves | 13 | €102,219 | €143,563 | +€41,344 | +40.4% |
| Distributable reserves | 133 | €102,219 | €143,563 | +€41,344 | +40.4% |
| Profit (loss) carried forward | 14 | €122,195 | €122,195 | = | 0.0% |
| Amounts payable | 17/49 | €165,222 | €124,790 | -€40,431 | -24.5% |
| Amounts payable after more than one year | 17 | €74,768 | €40,238 | -€34,531 | -46.2% |
| Financial debts | 170/4 | €74,768 | €40,238 | -€34,531 | -46.2% |
| Amounts payable within one year | 42/48 | €90,453 | €84,553 | -€5,900 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €41,943 | €34,531 | -€7,413 | -17.7% |
| Financial debts | 43 | €1,907 | - | -€1,907 | |
| Credit institutions | 430/8 | €1,907 | - | -€1,907 | |
| Trade debts | 44 | €15,756 | €20,642 | +€4,886 | +31.0% |
| Suppliers | 440/4 | €15,756 | €20,642 | +€4,886 | +31.0% |
| Taxes, remuneration and social security | 45 | €12,412 | €12,494 | +€82 | +0.7% |
| Taxes | 450/3 | €10,312 | €6,494 | -€3,818 | -37.0% |
| Remuneration and social security | 454/9 | €2,100 | €6,000 | +€3,900 | +185.7% |
| Other amounts payable | 47/48 | €18,435 | €16,885 | -€1,550 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,645 | €21,640 | -€3,005 | -12.2% |
| Other operating charges | 640/8 | €4,223 | €4,200 | -€23 | -0.5% |
| Gross operating margin | 9900 | €78,904 | €88,006 | +€9,102 | +11.5% |
| Operating profit (loss) | 9901 | €50,036 | €62,166 | +€12,130 | +24.2% |
| Financial charges | 65/66B | €7,245 | €5,298 | -€1,947 | -26.9% |
| Recurring financial charges | 65 | €7,245 | €5,298 | -€1,947 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €42,791 | €56,868 | +€14,077 | +32.9% |
| Income taxes | 67/77 | €11,716 | €15,524 | +€3,808 | +32.5% |
| Profit (loss) for the period | 9904 | €31,075 | €41,344 | +€10,269 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,075 | €41,344 | +€10,269 | +33.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.