VIEKA: 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.
VIEKA
Largest movements
- Receivables within one year +€289,595
up €289,595 (+122%), from €237,098 to €526,692
of which Trade receivables: +€266,446
- Cash -€202,390
down €202,390 (-27.7%), from €731,757 to €529,367
mainly Receivables within one year (-€289,595) and Stocks and contracts (-€183,437)
- Stocks and contracts +€183,437
up €183,437 (+44.7%), from €410,469 to €593,906
- Trade debts +€552,932
up €552,932 (+1,095%), from €50,493 to €603,425
- Short-term financial debts -€125,000
down €125,000 (-50.0%), from €250,000 to €125,000
- Other debts -€105,368
down €105,368 (-41.9%), from €251,396 to €146,028
- Accrued charges and deferred income -€68,035
down €68,035 (-17.5%), from €389,360 to €321,325
- Gross operating margin -€283,755
down €283,755 (-47.5%), from €597,228 to €313,473
- Staff costs -€88,077
down €88,077 (-39.5%), from €222,966 to €134,888
- Provisions +€54,584
up €54,584, from -€54,584 to €0
- Taxes -€38,320
down €38,320 (-90.7%), from €42,230 to €3,910
- Financial charges +€7,173
up €7,173 (+254%), from €2,822 to €9,995
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 | €1,445,930 | €1,695,492 | +€249,561 | +17.3% |
| Fixed assets | 21/28 | €54,982 | €42,216 | -€12,766 | -23.2% |
| Intangible fixed assets | 21 | €10,100 | €6,994 | -€3,106 | -30.8% |
| Tangible fixed assets | 22/27 | €44,782 | €35,122 | -€9,660 | -21.6% |
| Plant, machinery and equipment | 23 | €17,734 | €15,157 | -€2,577 | -14.5% |
| Furniture and vehicles | 24 | €27,048 | €19,965 | -€7,083 | -26.2% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €1,390,949 | €1,653,276 | +€262,327 | +18.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €410,469 | €593,906 | +€183,437 | +44.7% |
| Stocks | 30/36 | €410,469 | €593,906 | +€183,437 | +44.7% |
| Amounts receivable within one year | 40/41 | €237,098 | €526,692 | +€289,595 | +122% |
| Trade receivables | 40 | €237,033 | €503,479 | +€266,446 | +112% |
| Other amounts receivable | 41 | €65 | €23,214 | +€23,149 | +35,581% |
| Cash at bank and in hand | 54/58 | €731,757 | €529,367 | -€202,390 | -27.7% |
| Deferred charges and accrued income | 490/1 | €11,625 | €3,311 | -€8,315 | -71.5% |
| Total equity and liabilities | 10/49 | €1,445,930 | €1,695,492 | +€249,561 | +17.3% |
| Equity | 10/15 | €350,505 | €350,557 | +€52 | 0.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €286,150 | €286,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €280,000 | €280,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,855 | €2,907 | +€52 | +1.8% |
| Provisions and deferred taxes | 16 | €71,316 | €71,316 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €71,316 | €71,316 | = | 0.0% |
| Other liabilities and charges | 164/5 | €71,316 | €71,316 | = | 0.0% |
| Amounts payable | 17/49 | €1,024,109 | €1,273,619 | +€249,510 | +24.4% |
| Amounts payable within one year | 42/48 | €634,749 | €952,294 | +€317,545 | +50.0% |
| Financial debts | 43 | €250,000 | €125,000 | -€125,000 | -50.0% |
| Credit institutions | 430/8 | €250,000 | €125,000 | -€125,000 | -50.0% |
| Trade debts | 44 | €50,493 | €603,425 | +€552,932 | +1,095% |
| Suppliers | 440/4 | €50,493 | €603,425 | +€552,932 | +1,095% |
| Taxes, remuneration and social security | 45 | €82,860 | €77,840 | -€5,020 | -6.1% |
| Taxes | 450/3 | €62,733 | €68,081 | +€5,348 | +8.5% |
| Remuneration and social security | 454/9 | €20,127 | €9,759 | -€10,367 | -51.5% |
| Other amounts payable | 47/48 | €251,396 | €146,028 | -€105,368 | -41.9% |
| Accrued charges and deferred income | 492/3 | €389,360 | €321,325 | -€68,035 | -17.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €222,966 | €134,888 | -€88,077 | -39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,531 | €18,780 | -€1,751 | -8.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€54,584 | €0 | +€54,584 | |
| Other operating charges | 640/8 | €2,415 | €2,480 | +€65 | +2.7% |
| Non-recurring operating charges | 66A | €27,572 | €0 | -€27,572 | -100% |
| Gross operating margin | 9900 | €597,228 | €313,473 | -€283,755 | -47.5% |
| Operating profit (loss) | 9901 | €378,329 | €157,324 | -€221,005 | -58.4% |
| Financial income | 75/76B | €7,929 | €1,632 | -€6,297 | -79.4% |
| Recurring financial income | 75 | €7,929 | €1,632 | -€6,297 | -79.4% |
| Financial charges | 65/66B | €2,822 | €9,995 | +€7,173 | +254% |
| Recurring financial charges | 65 | €2,822 | €9,995 | +€7,173 | +254% |
| Profit (loss) for the period before taxes | 9903 | €383,437 | €148,962 | -€234,475 | -61.2% |
| Income taxes | 67/77 | €42,230 | €3,910 | -€38,320 | -90.7% |
| Profit (loss) for the period | 9904 | €341,206 | €145,052 | -€196,155 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €341,206 | €145,052 | -€196,155 | -57.5% |
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 21 October 2026 via checked.be.