VIERHOOG: what changed
Two fiscal 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.
VIERHOOG
Largest movements
- Tangible fixed assets -€66,257
down €66,257 (-7.1%), from €930,469 to €864,213
- Debts after one year -€50,645
down €50,645 (-10.3%), from €491,960 to €441,315
of which Financial debts: -€50,645
- Accrued charges and deferred income -€12,000
down €12,000 (-66.7%), from €18,000 to €6,000
- Financial charges -€1,154
down €1,154 (-11.9%), from €9,665 to €8,511
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 | €939,237 | €870,195 | -€69,042 | -7.4% |
| Fixed assets | 21/28 | €930,469 | €864,213 | -€66,257 | -7.1% |
| Tangible fixed assets | 22/27 | €930,469 | €864,213 | -€66,257 | -7.1% |
| Land and buildings | 22 | €930,469 | €864,213 | -€66,257 | -7.1% |
| Current assets | 29/58 | €8,768 | €5,982 | -€2,785 | -31.8% |
| Amounts receivable within one year | 40/41 | €941 | €1,733 | +€793 | +84.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €941 | €1,733 | +€793 | +84.3% |
| Cash at bank and in hand | 54/58 | €7,827 | €4,249 | -€3,578 | -45.7% |
| Total equity and liabilities | 10/49 | €939,237 | €870,195 | -€69,042 | -7.4% |
| Equity | 10/15 | €341,889 | €337,198 | -€4,690 | -1.4% |
| Contributions | 10/11 | €665,500 | €665,500 | = | 0.0% |
| Reserves | 13 | €10,204 | €10,204 | = | 0.0% |
| Distributable reserves | 133 | €10,204 | €10,204 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€333,815 | -€338,505 | -€4,690 | -1.4% |
| Amounts payable | 17/49 | €597,348 | €532,996 | -€64,351 | -10.8% |
| Amounts payable after more than one year | 17 | €491,960 | €441,315 | -€50,645 | -10.3% |
| Financial debts | 170/4 | €270,023 | €219,378 | -€50,645 | -18.8% |
| Other amounts payable | 178/9 | €221,937 | €221,937 | = | 0.0% |
| Amounts payable within one year | 42/48 | €87,388 | €85,682 | -€1,706 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €52,093 | €50,645 | -€1,447 | -2.8% |
| Trade debts | 44 | €35,295 | €35,036 | -€259 | -0.7% |
| Suppliers | 440/4 | €35,295 | €35,036 | -€259 | -0.7% |
| Accrued charges and deferred income | 492/3 | €18,000 | €6,000 | -€12,000 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,257 | €66,257 | = | 0.0% |
| Other operating charges | 640/8 | €10,237 | €10,826 | +€589 | +5.8% |
| Gross operating margin | 9900 | €80,934 | €80,903 | -€31 | 0.0% |
| Operating profit (loss) | 9901 | €4,440 | €3,820 | -€620 | -14.0% |
| Financial charges | 65/66B | €9,665 | €8,511 | -€1,154 | -11.9% |
| Recurring financial charges | 65 | €9,665 | €8,511 | -€1,154 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,225 | -€4,690 | +€534 | +10.2% |
| Profit (loss) for the period | 9904 | -€5,225 | -€4,690 | +€534 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,225 | -€4,690 | +€534 | +10.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.