VIEREN & C°: 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.
VIEREN & C°
Largest movements
- Current investments -€192,245
down €192,245 (-20.3%), from €945,499 to €753,254
- Cash -€119,883
down €119,883 (-62.1%), from €193,088 to €73,205
mainly Debts after one year (-€350,000) and Accrued charges and deferred income (-€2,713)
- Tangible fixed assets -€18,266
down €18,266 (-3.6%), from €502,760 to €484,494
- Debts after one year -€350,000
no longer reported in 2025 (was €350,000)
- Financial charges -€100,561
down €100,561 (-81.4%), from €123,486 to €22,925
- Financial income -€65,132
down €65,132 (-60.3%), from €108,090 to €42,958
- Taxes -€15,537
down €15,537 (-55.8%), from €27,853 to €12,316
- Gross operating margin -€5,684
down €5,684 (-14.9%), from €38,144 to €32,460
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 | €1,643,725 | €1,311,580 | -€332,145 | -20.2% |
| Fixed assets | 21/28 | €502,760 | €484,494 | -€18,266 | -3.6% |
| Tangible fixed assets | 22/27 | €502,760 | €484,494 | -€18,266 | -3.6% |
| Land and buildings | 22 | €502,760 | €484,494 | -€18,266 | -3.6% |
| Current assets | 29/58 | €1,140,965 | €827,086 | -€313,879 | -27.5% |
| Amounts receivable within one year | 40/41 | €604 | €627 | +€23 | +3.9% |
| Trade receivables | 40 | - | €627 | +€627 | |
| Other amounts receivable | 41 | €604 | - | -€604 | |
| Current investments | 50/53 | €945,499 | €753,254 | -€192,245 | -20.3% |
| Cash at bank and in hand | 54/58 | €193,088 | €73,205 | -€119,883 | -62.1% |
| Deferred charges and accrued income | 490/1 | €1,774 | - | -€1,774 | |
| Total equity and liabilities | 10/49 | €1,643,725 | €1,311,580 | -€332,145 | -20.2% |
| Equity | 10/15 | €1,233,008 | €1,248,328 | +€15,321 | +1.2% |
| Contributions | 10/11 | €660,247 | €660,247 | = | 0.0% |
| Reserves | 13 | €572,761 | €588,081 | +€15,321 | +2.7% |
| Tax-exempt reserves | 132 | €99,246 | €95,821 | -€3,425 | -3.5% |
| Distributable reserves | 133 | €473,515 | €492,261 | +€18,746 | +4.0% |
| Provisions and deferred taxes | 16 | €40,100 | €38,716 | -€1,384 | -3.5% |
| Deferred taxes | 168 | €40,100 | €38,716 | -€1,384 | -3.5% |
| Amounts payable | 17/49 | €370,618 | €24,536 | -€346,082 | -93.4% |
| Amounts payable after more than one year | 17 | €350,000 | - | -€350,000 | |
| Financial debts | 170/4 | €350,000 | - | -€350,000 | |
| Amounts payable within one year | 42/48 | €17,800 | €24,431 | +€6,631 | +37.3% |
| Trade debts | 44 | €689 | €3,642 | +€2,953 | +428% |
| Suppliers | 440/4 | €689 | €3,642 | +€2,953 | +428% |
| Taxes, remuneration and social security | 45 | €15,100 | €18,307 | +€3,207 | +21.2% |
| Taxes | 450/3 | €15,100 | €18,307 | +€3,207 | +21.2% |
| Other amounts payable | 47/48 | €2,010 | €2,482 | +€472 | +23.5% |
| Accrued charges and deferred income | 492/3 | €2,818 | €105 | -€2,713 | -96.3% |
| Non-recurring operating income | 76A | €169 | - | -€169 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,524 | €18,266 | -€258 | -1.4% |
| Other operating charges | 640/8 | €7,882 | €7,975 | +€93 | +1.2% |
| Gross operating margin | 9900 | €38,144 | €32,460 | -€5,684 | -14.9% |
| Operating profit (loss) | 9901 | €11,739 | €6,219 | -€5,520 | -47.0% |
| Financial income | 75/76B | €108,090 | €42,958 | -€65,132 | -60.3% |
| Recurring financial income | 75 | €108,090 | €42,958 | -€65,132 | -60.3% |
| Financial charges | 65/66B | €123,486 | €22,925 | -€100,561 | -81.4% |
| Recurring financial charges | 65 | €123,486 | €22,925 | -€100,561 | -81.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,657 | €26,252 | +€29,909 | |
| Transfer from deferred taxes | 780 | €1,384 | €1,384 | = | 0.0% |
| Income taxes | 67/77 | €27,853 | €12,316 | -€15,537 | -55.8% |
| Profit (loss) for the period | 9904 | -€30,126 | €15,321 | +€45,447 | |
| Transfer from tax-exempt reserves | 789 | €3,425 | €3,425 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,701 | €18,746 | +€45,447 |
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 28 October 2026 via checked.be.