Vihenar: 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.
Vihenar
Largest movements
- Tangible fixed assets +€112,408
up €112,408 (+155%), from €72,665 to €185,073
of which Furniture and vehicles: +€90,749
- Cash -€105,320
down €105,320 (-17.3%), from €610,134 to €504,814
mainly Contributions, distributions and other (-€207,908) and Investment in fixed assets (net) (-€145,003)
- Deferred charges and accrued income -€34,059
down €34,059 (-89.7%), from €37,978 to €3,920
- Receivables within one year -€31,969
down €31,969 (-12.7%), from €251,069 to €219,100
of which Other amounts receivable: -€21,969
- Reserves -€151,299
down €151,299 (-17.7%), from €854,274 to €702,975
of which Distributable reserves: -€151,299
- Debts after one year +€56,096
new in 2025: €56,096
- Accrued charges and deferred income +€22,100
new in 2025: €22,100
- Current portion of long-term debt +€15,132
new in 2025: €15,132
- Gross operating margin -€177,464
down €177,464 (-60.2%), from €294,987 to €117,523
- Taxes -€60,937
down €60,937 (-71.4%), from €85,361 to €24,424
- Depreciation +€17,415
up €17,415 (+115%), from €15,181 to €32,595
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 | €991,846 | €932,906 | -€58,940 | -5.9% |
| Fixed assets | 21/28 | €72,665 | €185,073 | +€112,408 | +155% |
| Tangible fixed assets | 22/27 | €72,665 | €185,073 | +€112,408 | +155% |
| Land and buildings | 22 | €44,178 | €65,575 | +€21,397 | +48.4% |
| Plant, machinery and equipment | 23 | €3,973 | €4,235 | +€262 | +6.6% |
| Furniture and vehicles | 24 | €24,514 | €115,263 | +€90,749 | +370% |
| Current assets | 29/58 | €919,182 | €747,834 | -€171,348 | -18.6% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €251,069 | €219,100 | -€31,969 | -12.7% |
| Trade receivables | 40 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 41 | €241,069 | €219,100 | -€21,969 | -9.1% |
| Cash at bank and in hand | 54/58 | €610,134 | €504,814 | -€105,320 | -17.3% |
| Deferred charges and accrued income | 490/1 | €37,978 | €3,920 | -€34,059 | -89.7% |
| Total equity and liabilities | 10/49 | €991,846 | €932,906 | -€58,940 | -5.9% |
| Equity | 10/15 | €984,893 | €833,594 | -€151,299 | -15.4% |
| Contributions | 10/11 | €89,742 | €89,742 | = | 0.0% |
| Reserves | 13 | €854,274 | €702,975 | -€151,299 | -17.7% |
| Non-distributable reserves | 130/1 | €10,214 | €10,214 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,214 | €10,214 | = | 0.0% |
| Distributable reserves | 133 | €844,060 | €692,761 | -€151,299 | -17.9% |
| Profit (loss) carried forward | 14 | €40,877 | €40,877 | = | 0.0% |
| Amounts payable | 17/49 | €6,953 | €99,312 | +€92,359 | +1,328% |
| Amounts payable after more than one year | 17 | - | €56,096 | +€56,096 | |
| Financial debts | 170/4 | - | €56,096 | +€56,096 | |
| Amounts payable within one year | 42/48 | €6,953 | €21,116 | +€14,163 | +204% |
| Current portion of amounts payable after more than one year | 42 | - | €15,132 | +€15,132 | |
| Trade debts | 44 | €6,953 | €1,676 | -€5,278 | -75.9% |
| Suppliers | 440/4 | €6,953 | €1,676 | -€5,278 | -75.9% |
| Taxes, remuneration and social security | 45 | - | €4,309 | +€4,309 | |
| Taxes | 450/3 | - | €4,309 | +€4,309 | |
| Accrued charges and deferred income | 492/3 | - | €22,100 | +€22,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,181 | €32,595 | +€17,415 | +115% |
| Other operating charges | 640/8 | €1,395 | €1,886 | +€491 | +35.2% |
| Gross operating margin | 9900 | €294,987 | €117,523 | -€177,464 | -60.2% |
| Operating profit (loss) | 9901 | €278,412 | €83,042 | -€195,370 | -70.2% |
| Financial income | 75/76B | €50 | - | -€50 | |
| Recurring financial income | 75 | €50 | - | -€50 | |
| Financial charges | 65/66B | €252 | €2,009 | +€1,757 | +698% |
| Recurring financial charges | 65 | €252 | €2,009 | +€1,757 | +698% |
| Profit (loss) for the period before taxes | 9903 | €278,210 | €81,033 | -€197,177 | -70.9% |
| Income taxes | 67/77 | €85,361 | €24,424 | -€60,937 | -71.4% |
| Profit (loss) for the period | 9904 | €192,849 | €56,609 | -€136,240 | -70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €192,849 | €56,609 | -€136,240 | -70.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.