VICTOR & JULIUS: 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.
VICTOR & JULIUS
Largest movements
- Tangible fixed assets -€51,668
down €51,668 (-14.9%), from €347,769 to €296,100
of which Other tangible fixed assets: -€48,467
- Stocks and contracts +€50,124
up €50,124 (+93.6%), from €53,547 to €103,671
- Cash +€14,498
up €14,498 (+66.0%), from €21,966 to €36,464
mainly Other debts (+€88,314) and Depreciation (+€55,085)
- Receivables within one year -€5,067
down €5,067 (-56.2%), from €9,018 to €3,951
of which Trade receivables: -€6,733
- Other debts +€88,314
up €88,314 (+52.3%), from €168,747 to €257,062
- Reserves -€69,301
down €69,301 (-39.6%), from €175,215 to €105,914
- Trade debts -€10,009
down €10,009 (-68.7%), from €14,563 to €4,554
- Gross operating margin +€24,503
up €24,503 (+10.3%), from €238,129 to €262,632
- Taxes +€14,212
up €14,212 (+1,182%), from €1,203 to €15,415
- Other operating charges -€7,675
down €7,675 (-33.7%), from €22,789 to €15,114
- Staff costs -€6,420
down €6,420 (-4.1%), from €156,185 to €149,766
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 | €432,379 | €440,265 | +€7,886 | +1.8% |
| Fixed assets | 21/28 | €347,847 | €296,179 | -€51,668 | -14.9% |
| Tangible fixed assets | 22/27 | €347,769 | €296,100 | -€51,668 | -14.9% |
| Plant, machinery and equipment | 23 | €1,345 | €1,043 | -€302 | -22.4% |
| Furniture and vehicles | 24 | €13,254 | €10,355 | -€2,900 | -21.9% |
| Other tangible fixed assets | 26 | €333,169 | €284,702 | -€48,467 | -14.5% |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €84,531 | €144,086 | +€59,554 | +70.5% |
| Stocks and contracts in progress | 3 | €53,547 | €103,671 | +€50,124 | +93.6% |
| Stocks | 30/36 | €53,547 | €103,671 | +€50,124 | +93.6% |
| Amounts receivable within one year | 40/41 | €9,018 | €3,951 | -€5,067 | -56.2% |
| Trade receivables | 40 | €7,264 | €531 | -€6,733 | -92.7% |
| Other amounts receivable | 41 | €1,754 | €3,420 | +€1,665 | +94.9% |
| Cash at bank and in hand | 54/58 | €21,966 | €36,464 | +€14,498 | +66.0% |
| Total equity and liabilities | 10/49 | €432,379 | €440,265 | +€7,886 | +1.8% |
| Equity | 10/15 | €218,642 | €149,341 | -€69,301 | -31.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €175,215 | €105,914 | -€69,301 | -39.6% |
| Distributable reserves | 133 | €175,215 | €105,914 | -€69,301 | -39.6% |
| Profit (loss) carried forward | 14 | €37,227 | €37,227 | = | 0.0% |
| Amounts payable | 17/49 | €213,736 | €290,923 | +€77,187 | +36.1% |
| Amounts payable within one year | 42/48 | €213,736 | €290,923 | +€77,187 | +36.1% |
| Trade debts | 44 | €14,563 | €4,554 | -€10,009 | -68.7% |
| Suppliers | 440/4 | €14,563 | €4,554 | -€10,009 | -68.7% |
| Taxes, remuneration and social security | 45 | €30,426 | €29,308 | -€1,118 | -3.7% |
| Taxes | 450/3 | €25,228 | €23,913 | -€1,316 | -5.2% |
| Remuneration and social security | 454/9 | €5,198 | €5,395 | +€197 | +3.8% |
| Other amounts payable | 47/48 | €168,747 | €257,062 | +€88,314 | +52.3% |
| Remuneration, social security and pensions | 62 | €156,185 | €149,766 | -€6,420 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,742 | €55,085 | +€1,342 | +2.5% |
| Other operating charges | 640/8 | €22,789 | €15,114 | -€7,675 | -33.7% |
| Gross operating margin | 9900 | €238,129 | €262,632 | +€24,503 | +10.3% |
| Operating profit (loss) | 9901 | €5,412 | €42,668 | +€37,256 | +688% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €973 | €578 | -€395 | -40.6% |
| Recurring financial charges | 65 | €973 | €578 | -€395 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | €4,439 | €42,089 | +€37,650 | +848% |
| Income taxes | 67/77 | €1,203 | €15,415 | +€14,212 | +1,182% |
| Profit (loss) for the period | 9904 | €3,236 | €26,675 | +€23,438 | +724% |
| Profit (loss) for the period to be appropriated | 9905 | €3,236 | €26,675 | +€23,438 | +724% |
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 24 October 2026 via checked.be.