VICUNA MODE: 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.
VICUNA MODE
Largest movements
- Stocks and contracts +€12,838
up €12,838 (+118.6%), from €10,823 to €23,661
- Cash +€11,416
up €11,416 (+51.0%), from €22,375 to €33,791
mainly Net result for the year (+€23,940) and Tax, wage and social debts (+€7,595)
- Receivables within one year +€7,749
up €7,749 (+69.6%), from €11,141 to €18,890
of which Other amounts receivable: +€6,887
- Tangible fixed assets -€1,333
down €1,333 (-12.4%), from €10,779 to €9,446
of which Plant, machinery and equipment: -€976
- Deferred charges and accrued income +€1,197
new in 2025: €1,197
- Profit (loss) carried forward +€23,940
up €23,940, from -€8,899 to €15,041
- Tax, wage and social debts +€7,595
up €7,595 (+42.1%), from €18,038 to €25,633
of which Remuneration and social security: +€5,033
- Other debts -€5,390
down €5,390 (-36.5%), from €14,756 to €9,366
- Trade debts +€3,361
up €3,361 (+30.9%), from €10,889 to €14,250
- Short-term financial debts +€1,291
new in 2025: €1,291
- Gross operating margin +€37,324
up €37,324 (+181.0%), from €20,617 to €57,941
- Staff costs +€16,819
up €16,819 (+174.3%), from €9,650 to €26,469
- Taxes +€5,174
new in 2025: €5,174
- Depreciation +€835
up €835 (+77.6%), from €1,076 to €1,911
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 | €55,143 | €87,010 | +€31,867 | +57.8% |
| Fixed assets | 21/28 | €10,804 | €9,471 | -€1,333 | -12.3% |
| Tangible fixed assets | 22/27 | €10,779 | €9,446 | -€1,333 | -12.4% |
| Plant, machinery and equipment | 23 | €6,790 | €5,814 | -€976 | -14.4% |
| Furniture and vehicles | 24 | €553 | €776 | +€223 | +40.3% |
| Other tangible fixed assets | 26 | €3,436 | €2,856 | -€580 | -16.9% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €44,339 | €77,539 | +€33,200 | +74.9% |
| Stocks and contracts in progress | 3 | €10,823 | €23,661 | +€12,838 | +118.6% |
| Stocks | 30/36 | €10,823 | €23,661 | +€12,838 | +118.6% |
| Amounts receivable within one year | 40/41 | €11,141 | €18,890 | +€7,749 | +69.6% |
| Trade receivables | 40 | €11,137 | €11,999 | +€862 | +7.7% |
| Other amounts receivable | 41 | €4 | €6,891 | +€6,887 | +172175.0% |
| Cash at bank and in hand | 54/58 | €22,375 | €33,791 | +€11,416 | +51.0% |
| Deferred charges and accrued income | 490/1 | - | €1,197 | +€1,197 | |
| Total equity and liabilities | 10/49 | €55,143 | €87,010 | +€31,867 | +57.8% |
| Equity | 10/15 | €9,701 | €33,641 | +€23,940 | +246.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,899 | €15,041 | +€23,940 | |
| Amounts payable | 17/49 | €45,442 | €53,369 | +€7,927 | +17.4% |
| Amounts payable within one year | 42/48 | €43,683 | €50,540 | +€6,857 | +15.7% |
| Financial debts | 43 | - | €1,291 | +€1,291 | |
| Credit institutions | 430/8 | - | €1,291 | +€1,291 | |
| Trade debts | 44 | €10,889 | €14,250 | +€3,361 | +30.9% |
| Suppliers | 440/4 | €10,889 | €14,250 | +€3,361 | +30.9% |
| Taxes, remuneration and social security | 45 | €18,038 | €25,633 | +€7,595 | +42.1% |
| Taxes | 450/3 | €14,431 | €16,993 | +€2,562 | +17.8% |
| Remuneration and social security | 454/9 | €3,607 | €8,640 | +€5,033 | +139.5% |
| Other amounts payable | 47/48 | €14,756 | €9,366 | -€5,390 | -36.5% |
| Accrued charges and deferred income | 492/3 | €1,759 | €2,829 | +€1,070 | +60.8% |
| Remuneration, social security and pensions | 62 | €9,650 | €26,469 | +€16,819 | +174.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,076 | €1,911 | +€835 | +77.6% |
| Other operating charges | 640/8 | €526 | €455 | -€71 | -13.5% |
| Gross operating margin | 9900 | €20,617 | €57,941 | +€37,324 | +181.0% |
| Operating profit (loss) | 9901 | €9,365 | €29,106 | +€19,741 | +210.8% |
| Financial income | 75/76B | €32 | €192 | +€160 | +500.0% |
| Recurring financial income | 75 | €32 | €192 | +€160 | +500.0% |
| Financial charges | 65/66B | €149 | €184 | +€35 | +23.5% |
| Recurring financial charges | 65 | €149 | €184 | +€35 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €9,248 | €29,114 | +€19,866 | +214.8% |
| Income taxes | 67/77 | - | €5,174 | +€5,174 | |
| Profit (loss) for the period | 9904 | €9,248 | €23,940 | +€14,692 | +158.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,248 | €23,940 | +€14,692 | +158.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.