Victore: 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.
Victore
Largest movements
- Receivables within one year +€27,248
up €27,248 (+50.2%), from €54,262 to €81,510
of which Trade receivables: +€69,339
- Cash -€10,300
down €10,300 (-54.9%), from €18,750 to €8,450
mainly Other debts (-€186,000) and Receivables within one year (-€27,248)
- Profit (loss) carried forward +€215,433
up €215,433 (+87.7%), from -€245,688 to -€30,255
- Other debts -€186,000
down €186,000 (-65.4%), from €284,437 to €98,437
- Trade debts -€12,778
down €12,778 (-100.0%), from €12,778 to €0
- Gross operating margin +€471,308
up €471,308, from -€255,287 to €216,021
- Financial income -€8,642
down €8,642 (-99.9%), from €8,655 to €12
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 | €73,306 | €89,961 | +€16,655 | +22.7% |
| Fixed assets | 21/28 | €293 | €0 | -€293 | -100.0% |
| Tangible fixed assets | 22/27 | €293 | €0 | -€293 | -100.0% |
| Furniture and vehicles | 24 | €293 | €0 | -€293 | -100.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €73,012 | €89,961 | +€16,948 | +23.2% |
| Amounts receivable within one year | 40/41 | €54,262 | €81,510 | +€27,248 | +50.2% |
| Trade receivables | 40 | €3,261 | €72,600 | +€69,339 | +2126.3% |
| Other amounts receivable | 41 | €51,001 | €8,910 | -€42,091 | -82.5% |
| Cash at bank and in hand | 54/58 | €18,750 | €8,450 | -€10,300 | -54.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €73,306 | €89,961 | +€16,655 | +22.7% |
| Equity | 10/15 | -€225,688 | -€10,255 | +€215,433 | +95.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€245,688 | -€30,255 | +€215,433 | +87.7% |
| Amounts payable | 17/49 | €298,993 | €100,215 | -€198,778 | -66.5% |
| Amounts payable within one year | 42/48 | €298,993 | €100,215 | -€198,778 | -66.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €12,778 | €0 | -€12,778 | -100.0% |
| Suppliers | 440/4 | €12,778 | €0 | -€12,778 | -100.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,779 | €1,779 | = | 0.0% |
| Taxes | 450/3 | €1,779 | €1,779 | = | 0.0% |
| Other amounts payable | 47/48 | €284,437 | €98,437 | -€186,000 | -65.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €377 | €293 | -€83 | -22.1% |
| Other operating charges | 640/8 | €200 | €211 | +€11 | +5.7% |
| Gross operating margin | 9900 | -€255,287 | €216,021 | +€471,308 | |
| Operating profit (loss) | 9901 | -€255,863 | €215,516 | +€471,379 | |
| Financial income | 75/76B | €8,655 | €12 | -€8,642 | -99.9% |
| Recurring financial income | 75 | €8,655 | €12 | -€8,642 | -99.9% |
| Financial charges | 65/66B | €809 | €96 | -€713 | -88.1% |
| Recurring financial charges | 65 | €809 | €96 | -€713 | -88.1% |
| Profit (loss) for the period before taxes | 9903 | -€248,017 | €215,433 | +€463,450 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€248,017 | €215,433 | +€463,450 | |
| Profit (loss) for the period to be appropriated | 9905 | -€248,017 | €215,433 | +€463,450 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.