Victoria: 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.
Victoria
Largest movements
- Cash +€3,920
up €3,920 (+116%), from €3,367 to €7,287
mainly Other debts (+€26,517) and Depreciation (+€18,592)
- Deferred charges and accrued income -€3,034
no longer reported in 2025 (was €3,034)
- Other debts +€26,517
up €26,517 (+73.4%), from €36,139 to €62,656
- Trade debts -€24,561
down €24,561 (-98.1%), from €25,047 to €486
- Tax, wage and social debts -€4,554
down €4,554 (-77.6%), from €5,871 to €1,317
- Gross operating margin -€4,868
down €4,868 (-14.6%), from €33,253 to €28,385
- Depreciation +€4,220
up €4,220 (+29.4%), from €14,372 to €18,592
- Taxes -€3,215
down €3,215 (-83.0%), from €3,873 to €659
- Financial charges -€1,240
down €1,240 (-35.3%), from €3,518 to €2,278
- Other operating charges +€770
up €770 (+19.8%), from €3,886 to €4,655
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 | €284,806 | €283,708 | -€1,098 | -0.4% |
| Fixed assets | 21/28 | €277,755 | €275,317 | -€2,438 | -0.9% |
| Tangible fixed assets | 22/27 | €277,755 | €275,317 | -€2,438 | -0.9% |
| Land and buildings | 22 | €251,685 | €239,791 | -€11,894 | -4.7% |
| Plant, machinery and equipment | 23 | €25,460 | €34,723 | +€9,263 | +36.4% |
| Furniture and vehicles | 24 | €610 | €359 | -€252 | -41.2% |
| Other tangible fixed assets | 26 | - | €444 | +€444 | |
| Current assets | 29/58 | €7,051 | €8,391 | +€1,340 | +19.0% |
| Amounts receivable within one year | 40/41 | €649 | €1,104 | +€455 | +70.1% |
| Trade receivables | 40 | €100 | €1,104 | +€1,004 | +1,004% |
| Other amounts receivable | 41 | €549 | - | -€549 | |
| Cash at bank and in hand | 54/58 | €3,367 | €7,287 | +€3,920 | +116% |
| Deferred charges and accrued income | 490/1 | €3,034 | - | -€3,034 | |
| Total equity and liabilities | 10/49 | €284,806 | €283,708 | -€1,098 | -0.4% |
| Equity | 10/15 | €215,511 | €217,712 | +€2,201 | +1.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €123,411 | €125,612 | +€2,201 | +1.8% |
| Distributable reserves | 133 | €123,411 | €125,612 | +€2,201 | +1.8% |
| Profit (loss) carried forward | 14 | €30,100 | €30,100 | = | 0.0% |
| Amounts payable | 17/49 | €69,294 | €65,995 | -€3,299 | -4.8% |
| Amounts payable within one year | 42/48 | €67,058 | €64,460 | -€2,598 | -3.9% |
| Trade debts | 44 | €25,047 | €486 | -€24,561 | -98.1% |
| Suppliers | 440/4 | €25,047 | €486 | -€24,561 | -98.1% |
| Taxes, remuneration and social security | 45 | €5,871 | €1,317 | -€4,554 | -77.6% |
| Taxes | 450/3 | €5,871 | €1,317 | -€4,554 | -77.6% |
| Other amounts payable | 47/48 | €36,139 | €62,656 | +€26,517 | +73.4% |
| Accrued charges and deferred income | 492/3 | €2,237 | €1,536 | -€701 | -31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,372 | €18,592 | +€4,220 | +29.4% |
| Other operating charges | 640/8 | €3,886 | €4,655 | +€770 | +19.8% |
| Gross operating margin | 9900 | €33,253 | €28,385 | -€4,868 | -14.6% |
| Operating profit (loss) | 9901 | €14,994 | €5,137 | -€9,857 | -65.7% |
| Financial charges | 65/66B | €3,518 | €2,278 | -€1,240 | -35.3% |
| Recurring financial charges | 65 | €3,518 | €2,278 | -€1,240 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €11,477 | €2,860 | -€8,617 | -75.1% |
| Income taxes | 67/77 | €3,873 | €659 | -€3,215 | -83.0% |
| Profit (loss) for the period | 9904 | €7,603 | €2,201 | -€5,403 | -71.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,603 | €2,201 | -€5,403 | -71.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.