VIFRI: 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.
VIFRI
Largest movements
- Receivables within one year -€15,809
down €15,809 (-90.3%), from €17,515 to €1,706
of which Other amounts receivable: -€14,731
- Stocks and contracts +€8,475
up €8,475 (+161%), from €5,275 to €13,750
- Tangible fixed assets +€4,000
up €4,000 (+4.9%), from €82,310 to €86,310
of which Plant, machinery and equipment: +€4,000
- Cash +€1,744
up €1,744 (+397%), from €440 to €2,184
mainly Receivables within one year (+€15,809) and Other debts (+€7,031)
- Current portion of long-term debt -€14,398
no longer reported in 2025 (was €14,398)
- Other debts +€7,031
up €7,031 (+19.2%), from €36,623 to €43,653
- Trade debts +€4,621
up €4,621 (+272%), from €1,697 to €6,319
- Gross operating margin -€17,544
down €17,544 (-68.8%), from €25,513 to €7,970
- Depreciation -€16,049
no longer reported in 2025 (was €16,049)
- Other operating charges -€1,234
down €1,234 (-30.1%), from €4,097 to €2,864
- Taxes +€1,018
up €1,018 (+602%), from €169 to €1,187
- Financial charges +€325
up €325 (+9.4%), from €3,470 to €3,795
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 | €106,857 | €105,253 | -€1,604 | -1.5% |
| Fixed assets | 21/28 | €82,310 | €86,310 | +€4,000 | +4.9% |
| Tangible fixed assets | 22/27 | €82,310 | €86,310 | +€4,000 | +4.9% |
| Plant, machinery and equipment | 23 | €38,500 | €42,500 | +€4,000 | +10.4% |
| Leasing and similar rights | 25 | €43,810 | €43,810 | = | 0.0% |
| Current assets | 29/58 | €24,547 | €18,943 | -€5,604 | -22.8% |
| Stocks and contracts in progress | 3 | €5,275 | €13,750 | +€8,475 | +161% |
| Stocks | 30/36 | €5,275 | €13,750 | +€8,475 | +161% |
| Amounts receivable within one year | 40/41 | €17,515 | €1,706 | -€15,809 | -90.3% |
| Trade receivables | 40 | €1,577 | €499 | -€1,078 | -68.4% |
| Other amounts receivable | 41 | €15,938 | €1,207 | -€14,731 | -92.4% |
| Cash at bank and in hand | 54/58 | €440 | €2,184 | +€1,744 | +397% |
| Deferred charges and accrued income | 490/1 | €1,317 | €1,303 | -€14 | -1.1% |
| Total equity and liabilities | 10/49 | €106,857 | €105,253 | -€1,604 | -1.5% |
| Equity | 10/15 | €36,851 | €36,975 | +€124 | +0.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €13,072 | €13,072 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €11,213 | €11,213 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,187 | €5,311 | +€124 | +2.4% |
| Amounts payable | 17/49 | €70,006 | €68,278 | -€1,728 | -2.5% |
| Amounts payable after more than one year | 17 | €17,119 | €17,119 | = | 0.0% |
| Financial debts | 170/4 | €17,119 | €17,119 | = | 0.0% |
| Amounts payable within one year | 42/48 | €52,887 | €51,159 | -€1,728 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €14,398 | - | -€14,398 | |
| Trade debts | 44 | €1,697 | €6,319 | +€4,621 | +272% |
| Suppliers | 440/4 | €1,697 | €6,319 | +€4,621 | +272% |
| Taxes, remuneration and social security | 45 | €169 | €1,187 | +€1,018 | +602% |
| Taxes | 450/3 | €169 | €1,187 | +€1,018 | +602% |
| Other amounts payable | 47/48 | €36,623 | €43,653 | +€7,031 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,049 | - | -€16,049 | |
| Other operating charges | 640/8 | €4,097 | €2,864 | -€1,234 | -30.1% |
| Gross operating margin | 9900 | €25,513 | €7,970 | -€17,544 | -68.8% |
| Operating profit (loss) | 9901 | €5,367 | €5,106 | -€261 | -4.9% |
| Financial income | 75/76B | €27 | - | -€27 | |
| Recurring financial income | 75 | €27 | - | -€27 | |
| Financial charges | 65/66B | €3,470 | €3,795 | +€325 | +9.4% |
| Recurring financial charges | 65 | €3,470 | €3,795 | +€325 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €1,924 | €1,311 | -€612 | -31.8% |
| Income taxes | 67/77 | €169 | €1,187 | +€1,018 | +602% |
| Profit (loss) for the period | 9904 | €1,755 | €124 | -€1,630 | -92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,755 | €124 | -€1,630 | -92.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.