VICTORY-COMMUNITY: what changed
What changed
VICTORY-COMMUNITY
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€2,514
2024 · €2,174+€339
Equity
€1.4m
2024 · €1.4m+€2,514
Cash
€14,374
2024 · €8,591+€5,783
Balance sheet total
€2.7m
2024 · €2.0m+€651,843
Largest movements
Assets
- Tangible fixed assets +€615,099
up €615,099 (+32.5%), from €1.9m to €2.5m
of which Land and buildings: +€600,769
- Receivables within one year +€30,718
up €30,718 (+24.1%), from €127,617 to €158,335
of which Trade receivables: +€29,212
Equity and liabilities
- Debts after one year +€565,594
up €565,594 (+113%), from €502,696 to €1.1m
- Trade debts +€78,016
up €78,016 (+82.1%), from €95,009 to €173,025
Income statement
- Gross operating margin +€17,637
up €17,637 (+11.6%), from €152,069 to €169,706
- Depreciation +€12,663
up €12,663 (+9.2%), from €138,144 to €150,807
- Financial charges +€3,830
up €3,830 (+38.6%), from €9,926 to €13,757
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2,174
Gross operating margin
+€17,637
Depreciation
-€12,663
Other operating charges
-€1,032
Financial income
+€228
Financial charges
-€3,830
Result 2025
€2,514
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€205,070
Investment
-€765,906
Financing
+€566,619
Cash 2024
€8,591
From operations (derived)
+€205,070
Net result for the year
+€2,514
Depreciation
+€150,807
Receivables within one year
-€30,718
Deferred charges and accrued income
-€243
Trade debts
+€78,016
Accrued charges and deferred income
+€4,694
Investment (derived)
-€765,906
Investment in fixed assets (net)
-€765,906
Financing
+€566,619
Debts after one year
+€565,594
Current portion of long-term debt
+€1,025
Cash 2025
€14,374
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,027,363 | €2,679,206 | +€651,843 | +32.2% |
| Fixed assets | 21/28 | €1,890,737 | €2,505,836 | +€615,099 | +32.5% |
| Tangible fixed assets | 22/27 | €1,890,737 | €2,505,836 | +€615,099 | +32.5% |
| Land and buildings | 22 | €1,816,299 | €2,417,069 | +€600,769 | +33.1% |
| Plant, machinery and equipment | 23 | €57,443 | €73,331 | +€15,889 | +27.7% |
| Furniture and vehicles | 24 | €16,995 | €15,436 | -€1,559 | -9.2% |
| Current assets | 29/58 | €136,626 | €173,370 | +€36,744 | +26.9% |
| Amounts receivable within one year | 40/41 | €127,617 | €158,335 | +€30,718 | +24.1% |
| Trade receivables | 40 | €63,633 | €92,845 | +€29,212 | +45.9% |
| Other amounts receivable | 41 | €63,984 | €65,490 | +€1,506 | +2.4% |
| Cash at bank and in hand | 54/58 | €8,591 | €14,374 | +€5,783 | +67.3% |
| Deferred charges and accrued income | 490/1 | €418 | €661 | +€243 | +58.1% |
| Total equity and liabilities | 10/49 | €2,027,363 | €2,679,206 | +€651,843 | +32.2% |
| Equity | 10/15 | €1,365,593 | €1,368,107 | +€2,514 | +0.2% |
| Contributions | 10/11 | €1,441,062 | €1,441,062 | = | 0.0% |
| Reserves | 13 | €47,611 | €47,611 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,277 | €4,277 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,277 | €4,277 | = | 0.0% |
| Distributable reserves | 133 | €43,334 | €43,334 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,079 | -€120,566 | +€2,514 | +2.0% |
| Amounts payable | 17/49 | €661,770 | €1,311,099 | +€649,329 | +98.1% |
| Amounts payable after more than one year | 17 | €502,696 | €1,068,290 | +€565,594 | +113% |
| Financial debts | 170/4 | €502,696 | €1,068,290 | +€565,594 | +113% |
| Amounts payable within one year | 42/48 | €158,298 | €237,339 | +€79,041 | +49.9% |
| Current portion of amounts payable after more than one year | 42 | €63,289 | €64,314 | +€1,025 | +1.6% |
| Trade debts | 44 | €95,009 | €173,025 | +€78,016 | +82.1% |
| Suppliers | 440/4 | €95,009 | €173,025 | +€78,016 | +82.1% |
| Accrued charges and deferred income | 492/3 | €776 | €5,470 | +€4,694 | +605% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,144 | €150,807 | +€12,663 | +9.2% |
| Other operating charges | 640/8 | €2,275 | €3,307 | +€1,032 | +45.4% |
| Gross operating margin | 9900 | €152,069 | €169,706 | +€17,637 | +11.6% |
| Operating profit (loss) | 9901 | €11,650 | €15,592 | +€3,942 | +33.8% |
| Financial income | 75/76B | €451 | €679 | +€228 | +50.6% |
| Recurring financial income | 75 | €451 | €679 | +€228 | +50.6% |
| Financial charges | 65/66B | €9,926 | €13,757 | +€3,830 | +38.6% |
| Recurring financial charges | 65 | €9,926 | €13,757 | +€3,830 | +38.6% |
| Profit (loss) for the period before taxes | 9903 | €2,174 | €2,514 | +€339 | +15.6% |
| Profit (loss) for the period | 9904 | €2,174 | €2,514 | +€339 | +15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,174 | €2,514 | +€339 | +15.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.