VICVAL: 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.
VICVAL
Largest movements
- Tangible fixed assets -€6,892
down €6,892 (-7.9%), from €87,474 to €80,582
of which Other tangible fixed assets: -€7,636
- Receivables within one year +€1,200
up €1,200 (+7.3%), from €16,333 to €17,533
- Profit (loss) carried forward +€10,713
up €10,713 (+58.3%), from -€18,382 to -€7,669
- Current portion of long-term debt -€8,735
down €8,735 (-79.8%), from €10,945 to €2,210
- Debts after one year -€6,580
no longer reported in 2025 (was €6,580)
- Gross operating margin -€6,088
down €6,088 (-23.2%), from €26,220 to €20,132
- Depreciation -€1,290
down €1,290 (-13.2%), from €9,774 to €8,484
- Financial charges -€704
down €704 (-47.0%), from €1,498 to €795
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 | €107,296 | €101,885 | -€5,411 | -5.0% |
| Fixed assets | 21/28 | €87,474 | €80,582 | -€6,892 | -7.9% |
| Tangible fixed assets | 22/27 | €87,474 | €80,582 | -€6,892 | -7.9% |
| Land and buildings | 22 | €47,204 | €46,952 | -€252 | -0.5% |
| Furniture and vehicles | 24 | €291 | €1,287 | +€996 | +342.3% |
| Other tangible fixed assets | 26 | €39,979 | €32,343 | -€7,636 | -19.1% |
| Current assets | 29/58 | €19,821 | €21,303 | +€1,481 | +7.5% |
| Amounts receivable within one year | 40/41 | €16,333 | €17,533 | +€1,200 | +7.3% |
| Other amounts receivable | 41 | €16,333 | €17,533 | +€1,200 | +7.3% |
| Cash at bank and in hand | 54/58 | €2,087 | €2,356 | +€269 | +12.9% |
| Deferred charges and accrued income | 490/1 | €1,402 | €1,414 | +€12 | +0.9% |
| Total equity and liabilities | 10/49 | €107,296 | €101,885 | -€5,411 | -5.0% |
| Equity | 10/15 | €79,770 | €90,483 | +€10,713 | +13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,553 | €79,553 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €77,693 | €77,693 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,382 | -€7,669 | +€10,713 | +58.3% |
| Amounts payable | 17/49 | €27,526 | €11,402 | -€16,124 | -58.6% |
| Amounts payable after more than one year | 17 | €6,580 | - | -€6,580 | |
| Financial debts | 170/4 | €6,580 | - | -€6,580 | |
| Amounts payable within one year | 42/48 | €20,945 | €11,402 | -€9,544 | -45.6% |
| Current portion of amounts payable after more than one year | 42 | €10,945 | €2,210 | -€8,735 | -79.8% |
| Trade debts | 44 | €1,417 | €608 | -€809 | -57.1% |
| Suppliers | 440/4 | €1,417 | €608 | -€809 | -57.1% |
| Other amounts payable | 47/48 | €8,583 | €8,583 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,774 | €8,484 | -€1,290 | -13.2% |
| Other operating charges | 640/8 | €155 | €155 | = | 0.0% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €26,220 | €20,132 | -€6,088 | -23.2% |
| Operating profit (loss) | 9901 | €16,291 | €11,492 | -€4,799 | -29.5% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €1,498 | €795 | -€704 | -47.0% |
| Recurring financial charges | 65 | €1,498 | €795 | -€704 | -47.0% |
| Profit (loss) for the period before taxes | 9903 | €14,793 | €10,720 | -€4,073 | -27.5% |
| Income taxes | 67/77 | - | €7 | +€7 | |
| Profit (loss) for the period | 9904 | €14,793 | €10,713 | -€4,080 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,793 | €10,713 | -€4,080 | -27.6% |
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 1 October 2026 via checked.be.