VICYAMO: what changed
Two financial 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.
VICYAMO
Largest movements
- Tangible fixed assets +€93,598
up €93,598 (+2,677%), from €3,496 to €97,095
of which Land and buildings: +€95,231
- Receivables within one year +€59,573
up €59,573 (+425%), from €14,028 to €73,602
of which Trade receivables: +€32,098
- Cash -€26,443
down €26,443 (-55.6%), from €47,590 to €21,147
mainly Investment in fixed assets (net) (-€95,811) and Receivables within one year (-€59,573)
- Reserves +€54,301
up €54,301 (+115%), from €47,276 to €101,577
- Debts after one year +€50,000
new in 2025: €50,000
- Tax, wage and social debts +€18,698
up €18,698 (+169%), from €11,069 to €29,767
of which Taxes: +€10,811
- Trade debts +€4,082
up €4,082 (+618%), from €661 to €4,743
- Gross operating margin +€143,507
up €143,507 (+476%), from €30,171 to €173,678
- Staff costs +€59,946
new in 2025: €59,946
- Taxes +€11,082
up €11,082 (+178%), from €6,227 to €17,309
- Other operating charges +€3,109
up €3,109 (+598%), from €520 to €3,629
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.
Derived cash bridge
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 | €67,606 | €194,268 | +€126,662 | +187% |
| Fixed assets | 21/28 | €3,496 | €97,095 | +€93,598 | +2,677% |
| Tangible fixed assets | 22/27 | €3,496 | €97,095 | +€93,598 | +2,677% |
| Land and buildings | 22 | - | €95,231 | +€95,231 | |
| Furniture and vehicles | 24 | €3,496 | €1,863 | -€1,633 | -46.7% |
| Current assets | 29/58 | €64,110 | €97,174 | +€33,064 | +51.6% |
| Amounts receivable within one year | 40/41 | €14,028 | €73,602 | +€59,573 | +425% |
| Trade receivables | 40 | €12,495 | €44,593 | +€32,098 | +257% |
| Other amounts receivable | 41 | €1,533 | €29,009 | +€27,476 | +1,792% |
| Cash at bank and in hand | 54/58 | €47,590 | €21,147 | -€26,443 | -55.6% |
| Deferred charges and accrued income | 490/1 | €2,492 | €2,425 | -€67 | -2.7% |
| Total equity and liabilities | 10/49 | €67,606 | €194,268 | +€126,662 | +187% |
| Equity | 10/15 | €52,276 | €106,577 | +€54,301 | +104% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €47,276 | €101,577 | +€54,301 | +115% |
| Distributable reserves | 133 | €47,276 | €101,577 | +€54,301 | +115% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,330 | €87,691 | +€72,361 | +472% |
| Amounts payable after more than one year | 17 | - | €50,000 | +€50,000 | |
| Financial debts | 170/4 | - | €50,000 | +€50,000 | |
| Amounts payable within one year | 42/48 | €11,730 | €35,392 | +€23,662 | +202% |
| Financial debts | 43 | €0 | €882 | +€882 | |
| Credit institutions | 430/8 | €0 | €882 | +€882 | |
| Trade debts | 44 | €661 | €4,743 | +€4,082 | +618% |
| Suppliers | 440/4 | €661 | €4,743 | +€4,082 | +618% |
| Taxes, remuneration and social security | 45 | €11,069 | €29,767 | +€18,698 | +169% |
| Taxes | 450/3 | €11,069 | €21,880 | +€10,811 | +97.7% |
| Remuneration and social security | 454/9 | - | €7,887 | +€7,887 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €3,600 | €2,299 | -€1,301 | -36.1% |
| Remuneration, social security and pensions | 62 | - | €59,946 | +€59,946 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,379 | €2,213 | +€834 | +60.5% |
| Other operating charges | 640/8 | €520 | €3,629 | +€3,109 | +598% |
| Gross operating margin | 9900 | €30,171 | €173,678 | +€143,507 | +476% |
| Operating profit (loss) | 9901 | €28,272 | €107,890 | +€79,618 | +282% |
| Financial income | 75/76B | €294 | €617 | +€323 | +110% |
| Recurring financial income | 75 | €294 | €617 | +€323 | +110% |
| Financial charges | 65/66B | €168 | €1,603 | +€1,435 | +857% |
| Recurring financial charges | 65 | €168 | €1,603 | +€1,435 | +857% |
| Profit (loss) for the period before taxes | 9903 | €28,399 | €106,904 | +€78,506 | +276% |
| Income taxes | 67/77 | €6,227 | €17,309 | +€11,082 | +178% |
| Profit (loss) for the period | 9904 | €22,172 | €89,595 | +€67,423 | +304% |
| Profit (loss) for the period to be appropriated | 9905 | €22,172 | €89,595 | +€67,423 | +304% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.