Vief: 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.
Vief
Largest movements
- Cash +€80,783
up €80,783 (+15.7%), from €514,043 to €594,827
mainly Net result for the year (+€127,769) and Depreciation (+€7,798)
- Receivables within one year +€18,992
up €18,992 (+13.5%), from €140,522 to €159,513
of which Trade receivables: +€17,073
- Tangible fixed assets -€7,798
down €7,798 (-36.2%), from €21,534 to €13,736
- Reserves +€127,769
up €127,769 (+27.5%), from €465,065 to €592,834
- Tax, wage and social debts -€20,333
down €20,333 (-24.7%), from €82,255 to €61,923
of which Remuneration and social security: -€20,718
- Trade debts -€17,797
down €17,797 (-12.6%), from €140,764 to €122,967
- Gross operating margin +€74,501
up €74,501 (+9.0%), from €824,357 to €898,858
- Staff costs -€46,896
down €46,896 (-5.7%), from €816,136 to €769,240
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 | €688,084 | €777,724 | +€89,639 | +13.0% |
| Fixed assets | 21/28 | €21,534 | €13,736 | -€7,798 | -36.2% |
| Tangible fixed assets | 22/27 | €21,534 | €13,736 | -€7,798 | -36.2% |
| Furniture and vehicles | 24 | €21,534 | €13,736 | -€7,798 | -36.2% |
| Current assets | 29/58 | €666,550 | €763,987 | +€97,437 | +14.6% |
| Amounts receivable within one year | 40/41 | €140,522 | €159,513 | +€18,992 | +13.5% |
| Trade receivables | 40 | €140,522 | €157,595 | +€17,073 | +12.1% |
| Other amounts receivable | 41 | - | €1,918 | +€1,918 | |
| Cash at bank and in hand | 54/58 | €514,043 | €594,827 | +€80,783 | +15.7% |
| Deferred charges and accrued income | 490/1 | €11,985 | €9,648 | -€2,337 | -19.5% |
| Total equity and liabilities | 10/49 | €688,084 | €777,724 | +€89,639 | +13.0% |
| Equity | 10/15 | €465,065 | €592,834 | +€127,769 | +27.5% |
| Reserves | 13 | €465,065 | €592,834 | +€127,769 | +27.5% |
| Amounts payable | 17/49 | €223,019 | €184,890 | -€38,129 | -17.1% |
| Amounts payable within one year | 42/48 | €223,019 | €184,890 | -€38,129 | -17.1% |
| Trade debts | 44 | €140,764 | €122,967 | -€17,797 | -12.6% |
| Suppliers | 440/4 | €140,764 | €122,967 | -€17,797 | -12.6% |
| Taxes, remuneration and social security | 45 | €82,255 | €61,923 | -€20,333 | -24.7% |
| Taxes | 450/3 | - | €386 | +€386 | |
| Remuneration and social security | 454/9 | €82,255 | €61,537 | -€20,718 | -25.2% |
| Remuneration, social security and pensions | 62 | €816,136 | €769,240 | -€46,896 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,934 | €7,798 | -€1,136 | -12.7% |
| Other operating charges | 640/8 | €324 | €569 | +€245 | +75.4% |
| Gross operating margin | 9900 | €824,357 | €898,858 | +€74,501 | +9.0% |
| Operating profit (loss) | 9901 | -€1,037 | €121,251 | +€122,288 | |
| Financial income | 75/76B | €10,938 | €7,585 | -€3,353 | -30.7% |
| Recurring financial income | 75 | €10,938 | €7,585 | -€3,353 | -30.7% |
| Financial charges | 65/66B | €448 | €1,068 | +€620 | +138.4% |
| Recurring financial charges | 65 | €448 | €1,068 | +€620 | +138.4% |
| Profit (loss) for the period before taxes | 9903 | €9,453 | €127,769 | +€118,316 | +1251.6% |
| Profit (loss) for the period | 9904 | €9,453 | €127,769 | +€118,316 | +1251.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,453 | €127,769 | +€118,316 | +1251.6% |
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 10 October 2026 via checked.be.