Viebex: 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.
Viebex
Largest movements
- Cash +€26,436
up €26,436 (+81.4%), from €32,482 to €58,918
mainly Net result for the year (+€42,104) and Depreciation (+€10,675)
- Receivables within one year +€14,674
up €14,674 (+182%), from €8,077 to €22,751
- Tangible fixed assets +€12,280
up €12,280 (+97.7%), from €12,572 to €24,852
of which Plant, machinery and equipment: +€10,122
- Deferred charges and accrued income +€1,591
up €1,591 (+19.5%), from €8,173 to €9,764
- Reserves +€42,104
up €42,104 (+116%), from €36,352 to €78,456
- Debts after one year +€8,799
up €8,799 (+99.3%), from €8,862 to €17,661
- Current portion of long-term debt +€2,895
new in 2025: €2,895
- Tax, wage and social debts +€1,723
up €1,723 (+16.8%), from €10,273 to €11,996
- Gross operating margin +€26,082
up €26,082 (+65.3%), from €39,926 to €66,008
- Taxes +€4,745
up €4,745 (+65.2%), from €7,273 to €12,018
- Depreciation +€4,184
up €4,184 (+64.5%), from €6,491 to €10,675
- Financial income +€915
new in 2025: €915
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 | €64,204 | €118,440 | +€54,237 | +84.5% |
| Formation expenses | 20 | €2,900 | €2,155 | -€744 | -25.7% |
| Fixed assets | 21/28 | €12,572 | €24,852 | +€12,280 | +97.7% |
| Tangible fixed assets | 22/27 | €12,572 | €24,852 | +€12,280 | +97.7% |
| Plant, machinery and equipment | 23 | €1,143 | €11,266 | +€10,122 | +885% |
| Furniture and vehicles | 24 | €2,041 | €1,209 | -€833 | -40.8% |
| Other tangible fixed assets | 26 | €9,387 | €12,377 | +€2,990 | +31.9% |
| Current assets | 29/58 | €48,732 | €91,433 | +€42,701 | +87.6% |
| Amounts receivable within one year | 40/41 | €8,077 | €22,751 | +€14,674 | +182% |
| Other amounts receivable | 41 | €8,077 | €22,751 | +€14,674 | +182% |
| Cash at bank and in hand | 54/58 | €32,482 | €58,918 | +€26,436 | +81.4% |
| Deferred charges and accrued income | 490/1 | €8,173 | €9,764 | +€1,591 | +19.5% |
| Total equity and liabilities | 10/49 | €64,204 | €118,440 | +€54,237 | +84.5% |
| Equity | 10/15 | €41,352 | €83,456 | +€42,104 | +102% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €36,352 | €78,456 | +€42,104 | +116% |
| Distributable reserves | 133 | €36,352 | €78,456 | +€42,104 | +116% |
| Amounts payable | 17/49 | €22,852 | €34,984 | +€12,133 | +53.1% |
| Amounts payable after more than one year | 17 | €8,862 | €17,661 | +€8,799 | +99.3% |
| Other amounts payable | 178/9 | €8,862 | €17,661 | +€8,799 | +99.3% |
| Amounts payable within one year | 42/48 | €13,578 | €17,323 | +€3,746 | +27.6% |
| Current portion of amounts payable after more than one year | 42 | - | €2,895 | +€2,895 | |
| Trade debts | 44 | €3,304 | €2,432 | -€873 | -26.4% |
| Suppliers | 440/4 | €3,304 | €2,432 | -€873 | -26.4% |
| Taxes, remuneration and social security | 45 | €10,273 | €11,996 | +€1,723 | +16.8% |
| Taxes | 450/3 | €10,273 | €11,996 | +€1,723 | +16.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €412 | €0 | -€412 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,491 | €10,675 | +€4,184 | +64.5% |
| Other operating charges | 640/8 | €1,138 | €1,545 | +€406 | +35.7% |
| Gross operating margin | 9900 | €39,926 | €66,008 | +€26,082 | +65.3% |
| Operating profit (loss) | 9901 | €32,297 | €53,789 | +€21,491 | +66.5% |
| Financial income | 75/76B | - | €915 | +€915 | |
| Recurring financial income | 75 | - | €915 | +€915 | |
| Financial charges | 65/66B | €139 | €581 | +€442 | +317% |
| Recurring financial charges | 65 | €139 | €581 | +€442 | +317% |
| Profit (loss) for the period before taxes | 9903 | €32,158 | €54,122 | +€21,964 | +68.3% |
| Income taxes | 67/77 | €7,273 | €12,018 | +€4,745 | +65.2% |
| Profit (loss) for the period | 9904 | €24,885 | €42,104 | +€17,219 | +69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,885 | €42,104 | +€17,219 | +69.2% |
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 20 October 2026 via checked.be.