VIENNE PHILIPPE: 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.
VIENNE PHILIPPE
Largest movements
- Current investments +€235,000
up €235,000 (+204.3%), from €115,000 to €350,000
- Cash -€182,420
down €182,420 (-57.1%), from €319,691 to €137,271
mainly Current investments (-€235,000) and Tax, wage and social debts (-€11,646)
- Tangible fixed assets -€7,471
down €7,471 (-43.0%), from €17,365 to €9,894
of which Furniture and vehicles: -€3,741
- Reserves +€61,153
up €61,153 (+15.4%), from €396,586 to €457,739
- Tax, wage and social debts -€11,646
down €11,646 (-32.8%), from €35,505 to €23,858
- Gross operating margin -€27,735
down €27,735 (-22.8%), from €121,838 to €94,103
- Taxes -€9,225
down €9,225 (-23.3%), from €39,627 to €30,402
- Financial income -€2,540
down €2,540 (-25.6%), from €9,932 to €7,391
- Depreciation -€2,187
down €2,187 (-22.6%), from €9,658 to €7,471
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 | €461,613 | €508,677 | +€47,064 | +10.2% |
| Fixed assets | 21/28 | €18,790 | €11,319 | -€7,471 | -39.8% |
| Tangible fixed assets | 22/27 | €17,365 | €9,894 | -€7,471 | -43.0% |
| Plant, machinery and equipment | 23 | €1,626 | €1,031 | -€595 | -36.6% |
| Furniture and vehicles | 24 | €4,966 | €1,226 | -€3,741 | -75.3% |
| Other tangible fixed assets | 26 | €10,773 | €7,638 | -€3,135 | -29.1% |
| Financial fixed assets | 28 | €1,425 | €1,425 | = | 0.0% |
| Current assets | 29/58 | €442,823 | €497,358 | +€54,535 | +12.3% |
| Amounts receivable within one year | 40/41 | €7,962 | €10,087 | +€2,125 | +26.7% |
| Trade receivables | 40 | €7,676 | €9,802 | +€2,126 | +27.7% |
| Other amounts receivable | 41 | €287 | €286 | -€1 | -0.5% |
| Current investments | 50/53 | €115,000 | €350,000 | +€235,000 | +204.3% |
| Cash at bank and in hand | 54/58 | €319,691 | €137,271 | -€182,420 | -57.1% |
| Deferred charges and accrued income | 490/1 | €170 | €0 | -€170 | -100.0% |
| Total equity and liabilities | 10/49 | €461,613 | €508,677 | +€47,064 | +10.2% |
| Equity | 10/15 | €416,830 | €477,983 | +€61,153 | +14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €396,586 | €457,739 | +€61,153 | +15.4% |
| Distributable reserves | 133 | €396,586 | €457,739 | +€61,153 | +15.4% |
| Profit (loss) carried forward | 14 | €1,644 | €1,644 | = | 0.0% |
| Amounts payable | 17/49 | €44,783 | €30,694 | -€14,090 | -31.5% |
| Amounts payable within one year | 42/48 | €38,005 | €25,479 | -€12,526 | -33.0% |
| Trade debts | 44 | €594 | €388 | -€207 | -34.8% |
| Suppliers | 440/4 | €594 | €388 | -€207 | -34.8% |
| Taxes, remuneration and social security | 45 | €35,505 | €23,858 | -€11,646 | -32.8% |
| Taxes | 450/3 | €35,505 | €23,858 | -€11,646 | -32.8% |
| Other amounts payable | 47/48 | €1,907 | €1,234 | -€673 | -35.3% |
| Accrued charges and deferred income | 492/3 | €6,778 | €5,214 | -€1,563 | -23.1% |
| Remuneration, social security and pensions | 62 | €98 | €342 | +€244 | +249.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,658 | €7,471 | -€2,187 | -22.6% |
| Other operating charges | 640/8 | €2,014 | €1,802 | -€212 | -10.5% |
| Gross operating margin | 9900 | €121,838 | €94,103 | -€27,735 | -22.8% |
| Operating profit (loss) | 9901 | €110,068 | €84,488 | -€25,580 | -23.2% |
| Financial income | 75/76B | €9,932 | €7,391 | -€2,540 | -25.6% |
| Recurring financial income | 75 | €9,932 | €7,391 | -€2,540 | -25.6% |
| Financial charges | 65/66B | €329 | €324 | -€5 | -1.7% |
| Recurring financial charges | 65 | €329 | €324 | -€5 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €119,670 | €91,555 | -€28,115 | -23.5% |
| Income taxes | 67/77 | €39,627 | €30,402 | -€9,225 | -23.3% |
| Profit (loss) for the period | 9904 | €80,043 | €61,153 | -€18,890 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €80,043 | €61,153 | -€18,890 | -23.6% |
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 11 October 2026 via checked.be.