Viferma: 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.
Viferma
Largest movements
- Cash +€11,660
up €11,660 (+38.5%), from €30,319 to €41,978
mainly Depreciation (+€21,657) and Other debts (+€19,616)
- Tangible fixed assets -€5,479
down €5,479 (-4.2%), from €131,398 to €125,919
of which Other tangible fixed assets: -€4,141
- Deferred charges and accrued income +€2,025
new in 2025: €2,025
- Profit (loss) carried forward -€24,900
down €24,900 (-20.9%), from -€119,261 to -€144,161
- Other debts +€19,616
up €19,616 (+12.5%), from €156,356 to €175,972
- Trade debts +€12,724
up €12,724 (+13.9%), from €91,779 to €104,503
- Tax, wage and social debts +€3,267
up €3,267 (+19.4%), from €16,829 to €20,096
of which Remuneration and social security: +€5,155
- Staff costs +€32,932
up €32,932 (+21.5%), from €153,014 to €185,946
- Gross operating margin -€4,787
down €4,787 (-2.4%), from €197,519 to €192,732
- Financial charges +€3,191
up €3,191 (+62.1%), from €5,135 to €8,326
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 | €167,467 | €177,645 | +€10,178 | +6.1% |
| Fixed assets | 21/28 | €134,546 | €129,066 | -€5,479 | -4.1% |
| Tangible fixed assets | 22/27 | €131,398 | €125,919 | -€5,479 | -4.2% |
| Plant, machinery and equipment | 23 | €18,328 | €16,990 | -€1,338 | -7.3% |
| Other tangible fixed assets | 26 | €113,070 | €108,929 | -€4,141 | -3.7% |
| Financial fixed assets | 28 | €3,148 | €3,148 | = | 0.0% |
| Current assets | 29/58 | €32,921 | €48,579 | +€15,657 | +47.6% |
| Stocks and contracts in progress | 3 | €2,142 | €2,463 | +€321 | +15.0% |
| Stocks | 30/36 | €2,142 | €2,463 | +€321 | +15.0% |
| Amounts receivable within one year | 40/41 | €461 | €2,112 | +€1,652 | +358.4% |
| Trade receivables | 40 | €461 | €1 | -€459 | -99.7% |
| Other amounts receivable | 41 | - | €2,111 | +€2,111 | |
| Cash at bank and in hand | 54/58 | €30,319 | €41,978 | +€11,660 | +38.5% |
| Deferred charges and accrued income | 490/1 | - | €2,025 | +€2,025 | |
| Total equity and liabilities | 10/49 | €167,467 | €177,645 | +€10,178 | +6.1% |
| Equity | 10/15 | -€98,801 | -€123,701 | -€24,900 | -25.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€119,261 | -€144,161 | -€24,900 | -20.9% |
| Amounts payable | 17/49 | €266,268 | €301,346 | +€35,078 | +13.2% |
| Amounts payable within one year | 42/48 | €264,963 | €300,571 | +€35,608 | +13.4% |
| Trade debts | 44 | €91,779 | €104,503 | +€12,724 | +13.9% |
| Suppliers | 440/4 | €91,779 | €104,503 | +€12,724 | +13.9% |
| Taxes, remuneration and social security | 45 | €16,829 | €20,096 | +€3,267 | +19.4% |
| Taxes | 450/3 | €2,042 | €154 | -€1,888 | -92.4% |
| Remuneration and social security | 454/9 | €14,787 | €19,942 | +€5,155 | +34.9% |
| Other amounts payable | 47/48 | €156,356 | €175,972 | +€19,616 | +12.5% |
| Accrued charges and deferred income | 492/3 | €1,304 | €775 | -€529 | -40.6% |
| Remuneration, social security and pensions | 62 | €153,014 | €185,946 | +€32,932 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,081 | €21,657 | -€424 | -1.9% |
| Other operating charges | 640/8 | €2,180 | €1,746 | -€434 | -19.9% |
| Gross operating margin | 9900 | €197,519 | €192,732 | -€4,787 | -2.4% |
| Operating profit (loss) | 9901 | €20,244 | -€16,617 | -€36,861 | |
| Financial income | 75/76B | €409 | €197 | -€212 | -51.9% |
| Recurring financial income | 75 | €409 | €197 | -€212 | -51.9% |
| Financial charges | 65/66B | €5,135 | €8,326 | +€3,191 | +62.1% |
| Recurring financial charges | 65 | €5,135 | €8,326 | +€3,191 | +62.1% |
| Profit (loss) for the period before taxes | 9903 | €15,518 | -€24,746 | -€40,264 | |
| Income taxes | 67/77 | - | €154 | +€154 | |
| Profit (loss) for the period | 9904 | €15,518 | -€24,900 | -€40,419 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,518 | -€24,900 | -€40,419 |
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.