VICTUS: 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.
VICTUS
Largest movements
- Tangible fixed assets -€25,740
down €25,740 (-7.2%), from €357,337 to €331,597
of which Land and buildings: -€20,367
- Receivables within one year -€14,465
down €14,465 (-7.7%), from €187,881 to €173,416
of which Other amounts receivable: -€13,839
- Cash +€6,398
up €6,398 (+100.9%), from €6,340 to €12,737
mainly Depreciation (+€29,818) and Net result for the year (+€21,895)
- Debts after one year -€57,067
down €57,067 (-17.3%), from €329,002 to €271,934
of which Financial debts: -€57,067
- Reserves +€21,895
up €21,895 (+17.0%), from €129,138 to €151,032
of which Distributable reserves: +€21,895
- Tax, wage and social debts +€9,103
up €9,103 (+130.4%), from €6,981 to €16,084
- Gross operating margin +€18,962
up €18,962 (+34.1%), from €55,610 to €74,572
- Depreciation -€8,327
down €8,327 (-21.8%), from €38,146 to €29,818
- Taxes +€8,258
up €8,258 (+223.8%), from €3,690 to €11,948
- Financial income -€3,475
down €3,475 (-37.1%), from €9,370 to €5,895
- Financial charges -€935
down €935 (-7.1%), from €13,203 to €12,268
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 | €555,253 | €521,614 | -€33,639 | -6.1% |
| Fixed assets | 21/28 | €357,387 | €331,646 | -€25,740 | -7.2% |
| Tangible fixed assets | 22/27 | €357,337 | €331,597 | -€25,740 | -7.2% |
| Land and buildings | 22 | €334,012 | €313,644 | -€20,367 | -6.1% |
| Furniture and vehicles | 24 | €23,326 | €17,953 | -€5,373 | -23.0% |
| Financial fixed assets | 28 | €49 | €49 | = | 0.0% |
| Current assets | 29/58 | €197,866 | €189,968 | -€7,899 | -4.0% |
| Amounts receivable within one year | 40/41 | €187,881 | €173,416 | -€14,465 | -7.7% |
| Trade receivables | 40 | €626 | €0 | -€626 | -100.0% |
| Other amounts receivable | 41 | €187,256 | €173,416 | -€13,839 | -7.4% |
| Cash at bank and in hand | 54/58 | €6,340 | €12,737 | +€6,398 | +100.9% |
| Deferred charges and accrued income | 490/1 | €3,645 | €3,814 | +€169 | +4.6% |
| Total equity and liabilities | 10/49 | €555,253 | €521,614 | -€33,639 | -6.1% |
| Equity | 10/15 | €149,138 | €171,032 | +€21,895 | +14.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €129,138 | €151,032 | +€21,895 | +17.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €127,138 | €149,032 | +€21,895 | +17.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €406,115 | €350,581 | -€55,534 | -13.7% |
| Amounts payable after more than one year | 17 | €329,002 | €271,934 | -€57,067 | -17.3% |
| Financial debts | 170/4 | €324,877 | €267,809 | -€57,067 | -17.6% |
| Other amounts payable | 178/9 | €4,125 | €4,125 | = | 0.0% |
| Amounts payable within one year | 42/48 | €77,114 | €78,647 | +€1,534 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €59,558 | €59,104 | -€454 | -0.8% |
| Trade debts | 44 | €5,825 | €3,460 | -€2,365 | -40.6% |
| Suppliers | 440/4 | €5,825 | €3,460 | -€2,365 | -40.6% |
| Taxes, remuneration and social security | 45 | €6,981 | €16,084 | +€9,103 | +130.4% |
| Taxes | 450/3 | €6,981 | €16,084 | +€9,103 | +130.4% |
| Other amounts payable | 47/48 | €4,750 | €0 | -€4,750 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,146 | €29,818 | -€8,327 | -21.8% |
| Other operating charges | 640/8 | €4,315 | €4,538 | +€223 | +5.2% |
| Gross operating margin | 9900 | €55,610 | €74,572 | +€18,962 | +34.1% |
| Operating profit (loss) | 9901 | €13,149 | €40,216 | +€27,066 | +205.8% |
| Financial income | 75/76B | €9,370 | €5,895 | -€3,475 | -37.1% |
| Recurring financial income | 75 | €9,370 | €5,895 | -€3,475 | -37.1% |
| Financial charges | 65/66B | €13,203 | €12,268 | -€935 | -7.1% |
| Recurring financial charges | 65 | €13,203 | €12,268 | -€935 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €9,316 | €33,843 | +€24,527 | +263.3% |
| Income taxes | 67/77 | €3,690 | €11,948 | +€8,258 | +223.8% |
| Profit (loss) for the period | 9904 | €5,626 | €21,895 | +€16,269 | +289.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,626 | €21,895 | +€16,269 | +289.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.