VIEVAN: 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.
VIEVAN
Largest movements
- Tangible fixed assets -€30,488
down €30,488 (-7.2%), from €422,293 to €391,804
- Cash +€17,917
up €17,917 (+47.2%), from €37,977 to €55,894
mainly Net result for the year (+€40,064) and Depreciation (+€30,488)
- Debts after one year -€63,935
down €63,935 (-29.7%), from €215,085 to €151,150
of which Other amounts payable: -€36,000
- Reserves +€40,064
up €40,064 (+21.8%), from €184,175 to €224,240
of which Distributable reserves: +€41,358
- Tax, wage and social debts +€8,293
up €8,293 (+150.8%), from €5,498 to €13,791
- Gross operating margin +€9,480
up €9,480 (+10.1%), from €93,578 to €103,058
- Taxes +€5,295
up €5,295 (+34.2%), from €15,498 to €20,793
- Depreciation -€3,824
down €3,824 (-11.1%), from €34,312 to €30,488
- Financial charges -€3,122
down €3,122 (-24.2%), from €12,878 to €9,756
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 | €487,304 | €473,491 | -€13,814 | -2.8% |
| Fixed assets | 21/28 | €422,293 | €391,804 | -€30,488 | -7.2% |
| Tangible fixed assets | 22/27 | €422,293 | €391,804 | -€30,488 | -7.2% |
| Land and buildings | 22 | €189,264 | €184,974 | -€4,289 | -2.3% |
| Furniture and vehicles | 24 | €26,261 | €12,279 | -€13,982 | -53.2% |
| Other tangible fixed assets | 26 | €206,768 | €194,551 | -€12,217 | -5.9% |
| Current assets | 29/58 | €65,012 | €81,686 | +€16,675 | +25.6% |
| Amounts receivable within one year | 40/41 | €25,224 | €23,725 | -€1,498 | -5.9% |
| Trade receivables | 40 | €25,224 | €23,725 | -€1,498 | -5.9% |
| Cash at bank and in hand | 54/58 | €37,977 | €55,894 | +€17,917 | +47.2% |
| Deferred charges and accrued income | 490/1 | €1,811 | €2,067 | +€256 | +14.2% |
| Total equity and liabilities | 10/49 | €487,304 | €473,491 | -€13,814 | -2.8% |
| Equity | 10/15 | €203,577 | €243,641 | +€40,064 | +19.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €184,175 | €224,240 | +€40,064 | +21.8% |
| Tax-exempt reserves | 132 | €2,471 | €1,177 | -€1,294 | -52.4% |
| Distributable reserves | 133 | €181,705 | €223,063 | +€41,358 | +22.8% |
| Profit (loss) carried forward | 14 | €801 | €801 | = | 0.0% |
| Provisions and deferred taxes | 16 | €824 | €392 | -€431 | -52.4% |
| Deferred taxes | 168 | €824 | €392 | -€431 | -52.4% |
| Amounts payable | 17/49 | €282,904 | €229,457 | -€53,447 | -18.9% |
| Amounts payable after more than one year | 17 | €215,085 | €151,150 | -€63,935 | -29.7% |
| Financial debts | 170/4 | €125,085 | €97,150 | -€27,935 | -22.3% |
| Other amounts payable | 178/9 | €90,000 | €54,000 | -€36,000 | -40.0% |
| Amounts payable within one year | 42/48 | €67,807 | €78,014 | +€10,207 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €28,754 | €27,935 | -€818 | -2.8% |
| Trade debts | 44 | €2,363 | €1,889 | -€474 | -20.1% |
| Suppliers | 440/4 | €2,363 | €1,889 | -€474 | -20.1% |
| Taxes, remuneration and social security | 45 | €5,498 | €13,791 | +€8,293 | +150.8% |
| Taxes | 450/3 | €5,498 | €13,791 | +€8,293 | +150.8% |
| Other amounts payable | 47/48 | €31,192 | €34,400 | +€3,207 | +10.3% |
| Accrued charges and deferred income | 492/3 | €12 | €293 | +€281 | +2389.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,312 | €30,488 | -€3,824 | -11.1% |
| Other operating charges | 640/8 | €2,126 | €2,389 | +€262 | +12.3% |
| Gross operating margin | 9900 | €93,578 | €103,058 | +€9,480 | +10.1% |
| Operating profit (loss) | 9901 | €57,140 | €70,181 | +€13,042 | +22.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €12,878 | €9,756 | -€3,122 | -24.2% |
| Recurring financial charges | 65 | €12,878 | €9,756 | -€3,122 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €44,262 | €60,426 | +€16,164 | +36.5% |
| Transfer from deferred taxes | 780 | €431 | €431 | = | 0.0% |
| Income taxes | 67/77 | €15,498 | €20,793 | +€5,295 | +34.2% |
| Profit (loss) for the period | 9904 | €29,195 | €40,064 | +€10,869 | +37.2% |
| Transfer from tax-exempt reserves | 789 | €1,294 | €1,294 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,489 | €41,358 | +€10,869 | +35.6% |
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 6 October 2026 via checked.be.