Victrol: 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.
Victrol
Largest movements
- Current investments +€1.0m
up €1.0m (+100.1%), from €999,528 to €2.0m
- Receivables within one year -€890,252
down €890,252 (-20.1%), from €4.4m to €3.5m
of which Other amounts receivable: -€1.5m
- Tangible fixed assets +€140,170
up €140,170 (+12.7%), from €1.1m to €1.2m
of which Land and buildings: +€278,908
- Deferred charges and accrued income -€120,010
down €120,010 (-41.3%), from €290,889 to €170,879
- Cash +€101,950
up €101,950 (+54.4%), from €187,248 to €289,198
mainly Receivables within one year (+€890,252) and Depreciation (+€229,275)
- Reserves +€146,274
up €146,274 (+4.0%), from €3.6m to €3.8m
of which Distributable reserves: +€146,274
- Debts after one year -€80,000
down €80,000 (-18.2%), from €440,000 to €360,000
- Trade debts +€77,111
up €77,111 (+123.9%), from €62,236 to €139,348
- Turnover +€1.1m
up €1.1m (+152.3%), from €735,495 to €1.9m
- Purchases and services +€745,816
up €745,816 (+184.5%), from €404,219 to €1.2m
- Gross operating margin +€306,803
up €306,803 (+73.0%), from €420,048 to €726,850
- Financial charges +€136,301
up €136,301 (+182.0%), from €74,892 to €211,193
- Depreciation +€120,420
up €120,420 (+110.6%), from €108,855 to €229,275
From the 31-12-2023 result to the 31-12-2024 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 31-12-2023 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,006,825 | €7,239,155 | +€232,330 | +3.3% |
| Fixed assets | 21/28 | €1,099,393 | €1,239,563 | +€140,170 | +12.7% |
| Tangible fixed assets | 22/27 | €1,099,393 | €1,239,563 | +€140,170 | +12.7% |
| Land and buildings | 22 | €311,549 | €590,457 | +€278,908 | +89.5% |
| Furniture and vehicles | 24 | €168,588 | €123,579 | -€45,009 | -26.7% |
| Other tangible fixed assets | 26 | €619,256 | €525,527 | -€93,729 | -15.1% |
| Current assets | 29/58 | €5,907,432 | €5,999,592 | +€92,160 | +1.6% |
| Amounts receivable within one year | 40/41 | €4,429,767 | €3,539,514 | -€890,252 | -20.1% |
| Trade receivables | 40 | €53,789 | €620,150 | +€566,360 | +1052.9% |
| Other amounts receivable | 41 | €4,375,977 | €2,919,365 | -€1.5m | -33.3% |
| Current investments | 50/53 | €999,528 | €2,000,000 | +€1.0m | +100.1% |
| Cash at bank and in hand | 54/58 | €187,248 | €289,198 | +€101,950 | +54.4% |
| Deferred charges and accrued income | 490/1 | €290,889 | €170,879 | -€120,010 | -41.3% |
| Total equity and liabilities | 10/49 | €7,006,825 | €7,239,155 | +€232,330 | +3.3% |
| Equity | 10/15 | €3,682,285 | €3,828,559 | +€146,274 | +4.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,620,285 | €3,766,559 | +€146,274 | +4.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €3,614,085 | €3,760,359 | +€146,274 | +4.0% |
| Amounts payable | 17/49 | €3,324,539 | €3,410,595 | +€86,056 | +2.6% |
| Amounts payable after more than one year | 17 | €440,000 | €360,000 | -€80,000 | -18.2% |
| Financial debts | 170/4 | €440,000 | €360,000 | -€80,000 | -18.2% |
| Amounts payable within one year | 42/48 | €2,829,930 | €2,964,222 | +€134,293 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €80,000 | €80,000 | = | 0.0% |
| Trade debts | 44 | €62,236 | €139,348 | +€77,111 | +123.9% |
| Suppliers | 440/4 | €62,236 | €139,348 | +€77,111 | +123.9% |
| Taxes, remuneration and social security | 45 | €104,466 | €103,913 | -€553 | -0.5% |
| Taxes | 450/3 | €81,825 | €89,895 | +€8,070 | +9.9% |
| Remuneration and social security | 454/9 | €22,641 | €14,018 | -€8,622 | -38.1% |
| Other amounts payable | 47/48 | €2,583,227 | €2,640,961 | +€57,734 | +2.2% |
| Accrued charges and deferred income | 492/3 | €54,610 | €86,373 | +€31,763 | +58.2% |
| Turnover | 70 | €735,495 | €1,855,329 | +€1.1m | +152.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €404,219 | €1,150,035 | +€745,816 | +184.5% |
| Remuneration, social security and pensions | 62 | €123,119 | €127,693 | +€4,575 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,855 | €229,275 | +€120,420 | +110.6% |
| Other operating charges | 640/8 | €4,706 | €8,996 | +€4,291 | +91.2% |
| Gross operating margin | 9900 | €420,048 | €726,850 | +€306,803 | +73.0% |
| Operating profit (loss) | 9901 | €183,369 | €360,885 | +€177,517 | +96.8% |
| Financial income | 75/76B | €9,973 | €41,173 | +€31,200 | +312.8% |
| Recurring financial income | 75 | €9,973 | €41,173 | +€31,200 | +312.8% |
| Financial charges | 65/66B | €74,892 | €211,193 | +€136,301 | +182.0% |
| Recurring financial charges | 65 | €74,892 | €211,193 | +€136,301 | +182.0% |
| Profit (loss) for the period before taxes | 9903 | €118,449 | €190,865 | +€72,416 | +61.1% |
| Income taxes | 67/77 | €24,112 | €44,591 | +€20,479 | +84.9% |
| Profit (loss) for the period | 9904 | €94,337 | €146,274 | +€51,937 | +55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €94,337 | €146,274 | +€51,937 | +55.1% |
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 3 October 2026 via checked.be.