Viegas-Defrancq: 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.
Viegas-Defrancq
Largest movements
- Cash +€17,898
up €17,898 (+13.6%), from €131,905 to €149,803
mainly Net result for the year (+€30,042) and Tax, wage and social debts (+€12,044)
- Receivables within one year +€10,369
up €10,369 (+213%), from €4,861 to €15,230
of which Trade receivables: +€6,166
- Deferred charges and accrued income +€9,162
up €9,162 (+326%), from €2,811 to €11,973
- Stocks and contracts +€2,886
up €2,886 (+5.6%), from €51,650 to €54,536
- Profit (loss) carried forward +€30,043
up €30,043 (+54.6%), from -€54,982 to -€24,939
- Tax, wage and social debts +€12,044
new in 2025: €12,044
- Write-downs -€32,040
no longer reported in 2025 (was €32,040)
- Turnover -€4,942
down €4,942 (-8.9%), from €55,423 to €50,481
- Gross operating margin -€3,216
down €3,216 (-9.6%), from €33,360 to €30,144
- Depreciation -€1,974
no longer reported in 2025 (was €1,974)
- Purchases and services -€1,726
down €1,726 (-7.8%), from €22,063 to €20,337
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 | €192,637 | €235,085 | +€42,448 | +22.0% |
| Formation expenses | 20 | - | €105 | +€105 | |
| Fixed assets | 21/28 | €1,410 | €3,438 | +€2,028 | +144% |
| Tangible fixed assets | 22/27 | €1,410 | €3,438 | +€2,028 | +144% |
| Furniture and vehicles | 24 | €1,410 | €3,438 | +€2,028 | +144% |
| Current assets | 29/58 | €191,227 | €231,542 | +€40,315 | +21.1% |
| Stocks and contracts in progress | 3 | €51,650 | €54,536 | +€2,886 | +5.6% |
| Stocks | 30/36 | €51,650 | €54,536 | +€2,886 | +5.6% |
| Amounts receivable within one year | 40/41 | €4,861 | €15,230 | +€10,369 | +213% |
| Trade receivables | 40 | €2,101 | €8,267 | +€6,166 | +293% |
| Other amounts receivable | 41 | €2,760 | €6,963 | +€4,203 | +152% |
| Cash at bank and in hand | 54/58 | €131,905 | €149,803 | +€17,898 | +13.6% |
| Deferred charges and accrued income | 490/1 | €2,811 | €11,973 | +€9,162 | +326% |
| Total equity and liabilities | 10/49 | €192,637 | €235,085 | +€42,448 | +22.0% |
| Equity | 10/15 | -€13,907 | €16,136 | +€30,043 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €28,675 | €28,675 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €28,675 | +€26,815 | +1,442% |
| Reserves not available under the articles | 1311 | €1,860 | €28,675 | +€26,815 | +1,442% |
| Distributable reserves | 133 | €26,815 | - | -€26,815 | |
| Profit (loss) carried forward | 14 | -€54,982 | -€24,939 | +€30,043 | +54.6% |
| Amounts payable | 17/49 | €206,544 | €218,949 | +€12,405 | +6.0% |
| Amounts payable within one year | 42/48 | €206,544 | €218,949 | +€12,405 | +6.0% |
| Trade debts | 44 | €803 | €953 | +€150 | +18.7% |
| Suppliers | 440/4 | €803 | €953 | +€150 | +18.7% |
| Taxes, remuneration and social security | 45 | - | €12,044 | +€12,044 | |
| Taxes | 450/3 | - | €12,044 | +€12,044 | |
| Other amounts payable | 47/48 | €205,741 | €205,952 | +€211 | +0.1% |
| Turnover | 70 | €55,423 | €50,481 | -€4,942 | -8.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €22,063 | €20,337 | -€1,726 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,974 | - | -€1,974 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €32,040 | - | -€32,040 | |
| Other operating charges | 640/8 | €217 | €392 | +€175 | +80.6% |
| Gross operating margin | 9900 | €33,360 | €30,144 | -€3,216 | -9.6% |
| Operating profit (loss) | 9901 | -€871 | €29,752 | +€30,623 | |
| Financial income | 75/76B | €1,030 | €308 | -€722 | -70.1% |
| Recurring financial income | 75 | €1,030 | €308 | -€722 | -70.1% |
| Financial charges | 65/66B | - | €18 | +€18 | |
| Recurring financial charges | 65 | - | €18 | +€18 | |
| Profit (loss) for the period before taxes | 9903 | €159 | €30,042 | +€29,883 | +18,794% |
| Income taxes | 67/77 | €163 | - | -€163 | |
| Profit (loss) for the period | 9904 | -€4 | €30,042 | +€30,046 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4 | €30,042 | +€30,046 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.