Viewworks: 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.
Viewworks
Largest movements
- Financial fixed assets -€1.9m
down €1.9m (-96.9%), from €1.9m to €58,735
- Receivables within one year +€697,233
up €697,233 (+111.0%), from €628,197 to €1.3m
of which Other amounts receivable: +€524,741
- Stocks and contracts +€324,414
up €324,414 (+55.5%), from €584,230 to €908,644
of which Contracts in progress: +€223,291
- Tangible fixed assets +€220,631
up €220,631 (+32.0%), from €690,261 to €910,892
of which Plant, machinery and equipment: +€210,513
- Cash -€45,353
down €45,353 (-47.7%), from €95,135 to €49,782
mainly Debts after one year (-€1.1m) and Receivables within one year (-€697,233)
- Debts after one year -€1.1m
down €1.1m (-70.6%), from €1.5m to €446,655
- Short-term financial debts +€587,744
up €587,744 (+470.2%), from €125,000 to €712,744
- Other debts -€224,610
down €224,610 (-99.2%), from €226,417 to €1,806
- Tax, wage and social debts +€120,594
up €120,594 (+102.1%), from €118,099 to €238,693
of which Taxes: +€77,380
- Current portion of long-term debt -€104,595
down €104,595 (-24.2%), from €432,644 to €328,048
- Staff costs +€194,455
up €194,455 (+21.8%), from €892,368 to €1.1m
- Gross operating margin +€177,373
up €177,373 (+14.5%), from €1.2m to €1.4m
- Depreciation +€31,804
up €31,804 (+24.6%), from €129,544 to €161,347
- Financial charges -€31,190
down €31,190 (-24.8%), from €125,874 to €94,684
of which Financial charges: -€27,349
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 | €4,008,378 | €3,409,336 | -€599,042 | -14.9% |
| Fixed assets | 21/28 | €2,618,927 | €1,012,902 | -€1.6m | -61.3% |
| Intangible fixed assets | 21 | €19,932 | €43,275 | +€23,344 | +117.1% |
| Tangible fixed assets | 22/27 | €690,261 | €910,892 | +€220,631 | +32.0% |
| Plant, machinery and equipment | 23 | €604,864 | €815,377 | +€210,513 | +34.8% |
| Furniture and vehicles | 24 | €32,611 | €49,076 | +€16,465 | +50.5% |
| Leasing and similar rights | 25 | €21,710 | €12,431 | -€9,279 | -42.7% |
| Other tangible fixed assets | 26 | €31,075 | €34,008 | +€2,932 | +9.4% |
| Financial fixed assets | 28 | €1,908,735 | €58,735 | -€1.9m | -96.9% |
| Current assets | 29/58 | €1,389,451 | €2,396,434 | +€1.0m | +72.5% |
| Stocks and contracts in progress | 3 | €584,230 | €908,644 | +€324,414 | +55.5% |
| Stocks | 30/36 | €131,593 | €232,716 | +€101,123 | +76.8% |
| Contracts in progress | 37 | €452,637 | €675,928 | +€223,291 | +49.3% |
| Amounts receivable within one year | 40/41 | €628,197 | €1,325,430 | +€697,233 | +111.0% |
| Trade receivables | 40 | €314,901 | €487,393 | +€172,492 | +54.8% |
| Other amounts receivable | 41 | €313,297 | €838,037 | +€524,741 | +167.5% |
| Current investments | 50/53 | €62,500 | €62,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €95,135 | €49,782 | -€45,353 | -47.7% |
| Deferred charges and accrued income | 490/1 | €19,388 | €50,078 | +€30,690 | +158.3% |
| Total equity and liabilities | 10/49 | €4,008,378 | €3,409,336 | -€599,042 | -14.9% |
| Equity | 10/15 | €728,366 | €744,629 | +€16,264 | +2.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €104,370 | €104,370 | = | 0.0% |
| Non-distributable reserves | 130/1 | €68,697 | €68,697 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Own shares acquired | 1312 | €62,500 | €62,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,715 | €7,715 | = | 0.0% |
| Distributable reserves | 133 | €27,958 | €27,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | €562,023 | €578,286 | +€16,264 | +2.9% |
| Amounts payable | 17/49 | €3,280,012 | €2,664,707 | -€615,305 | -18.8% |
| Amounts payable after more than one year | 17 | €1,517,817 | €446,655 | -€1.1m | -70.6% |
| Financial debts | 170/4 | €1,517,817 | €446,655 | -€1.1m | -70.6% |
| Amounts payable within one year | 42/48 | €1,761,516 | €2,218,052 | +€456,536 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €432,644 | €328,048 | -€104,595 | -24.2% |
| Financial debts | 43 | €125,000 | €712,744 | +€587,744 | +470.2% |
| Credit institutions | 430/8 | €125,000 | €712,744 | +€587,744 | +470.2% |
| Trade debts | 44 | €859,357 | €936,761 | +€77,403 | +9.0% |
| Suppliers | 440/4 | €859,357 | €936,761 | +€77,403 | +9.0% |
| Taxes, remuneration and social security | 45 | €118,099 | €238,693 | +€120,594 | +102.1% |
| Taxes | 450/3 | €28,981 | €106,361 | +€77,380 | +267.0% |
| Remuneration and social security | 454/9 | €89,117 | €132,331 | +€43,214 | +48.5% |
| Other amounts payable | 47/48 | €226,417 | €1,806 | -€224,610 | -99.2% |
| Accrued charges and deferred income | 492/3 | €679 | €0 | -€679 | -100.0% |
| Remuneration, social security and pensions | 62 | €892,368 | €1,086,823 | +€194,455 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,544 | €161,347 | +€31,804 | +24.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €18,491 | €19,652 | +€1,161 | +6.3% |
| Gross operating margin | 9900 | €1,219,648 | €1,397,021 | +€177,373 | +14.5% |
| Operating profit (loss) | 9901 | €179,246 | €129,199 | -€50,047 | -27.9% |
| Financial income | 75/76B | €3 | €1,766 | +€1,763 | +65308.5% |
| Recurring financial income | 75 | €3 | €1,766 | +€1,763 | +65308.5% |
| Financial charges | 65/66B | €125,874 | €94,684 | -€31,190 | -24.8% |
| Recurring financial charges | 65 | €122,033 | €94,684 | -€27,349 | -22.4% |
| Non-recurring financial charges | 66B | €3,841 | €0 | -€3,841 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €53,374 | €36,281 | -€17,094 | -32.0% |
| Income taxes | 67/77 | €27,802 | €20,017 | -€7,786 | -28.0% |
| Profit (loss) for the period | 9904 | €25,572 | €16,264 | -€9,308 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,572 | €16,264 | -€9,308 | -36.4% |
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.