VIIV: 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.
VIIV
Largest movements
- Tangible fixed assets +€154,008
up €154,008 (+7.6%), from €2.0m to €2.2m
of which Land and buildings: +€147,860
- Other debts +€125,100
up €125,100 (+7.9%), from €1.6m to €1.7m
- Contributions +€106,905
up €106,905 (+36,750%), from €291 to €107,196
- Debts after one year -€67,593
down €67,593 (-16.6%), from €405,980 to €338,388
- Trade debts +€38,066
up €38,066 (+214%), from €17,792 to €55,858
- Profit (loss) carried forward -€34,745
down €34,745 (-237%), from -€14,686 to -€49,431
- Financial income +€4,301
new in 2025: €4,301
- Depreciation -€497
down €497 (-4.8%), from €10,416 to €9,919
- Gross operating margin -€348
down €348 (-2.6%), from -€13,207 to -€13,555
- Financial charges -€302
down €302 (-4.6%), from €6,639 to €6,337
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 | €2,075,282 | €2,244,341 | +€169,059 | +8.1% |
| Fixed assets | 21/28 | €2,027,680 | €2,183,188 | +€155,508 | +7.7% |
| Tangible fixed assets | 22/27 | €2,024,870 | €2,178,878 | +€154,008 | +7.6% |
| Land and buildings | 22 | €1,988,095 | €2,135,955 | +€147,860 | +7.4% |
| Plant, machinery and equipment | 23 | €3,512 | - | -€3,512 | |
| Furniture and vehicles | 24 | €33,263 | €42,922 | +€9,660 | +29.0% |
| Financial fixed assets | 28 | €2,810 | €4,310 | +€1,500 | +53.4% |
| Current assets | 29/58 | €47,602 | €61,153 | +€13,551 | +28.5% |
| Amounts receivable within one year | 40/41 | €39,455 | €56,924 | +€17,468 | +44.3% |
| Trade receivables | 40 | €7,406 | €15,205 | +€7,798 | +105% |
| Other amounts receivable | 41 | €32,049 | €41,719 | +€9,670 | +30.2% |
| Cash at bank and in hand | 54/58 | €7,108 | €3,157 | -€3,952 | -55.6% |
| Deferred charges and accrued income | 490/1 | €1,038 | €1,072 | +€34 | +3.3% |
| Total equity and liabilities | 10/49 | €2,075,282 | €2,244,341 | +€169,059 | +8.1% |
| Equity | 10/15 | -€3,594 | €68,566 | +€72,160 | |
| Contributions | 10/11 | €291 | €107,196 | +€106,905 | +36,750% |
| Contributions outside capital | 11 | €291 | €107,196 | +€106,905 | +36,750% |
| Other | 1109/19 | €291 | €107,196 | +€106,905 | +36,750% |
| Reserves | 13 | €10,802 | €10,802 | = | 0.0% |
| Distributable reserves | 133 | €10,802 | €10,802 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,686 | -€49,431 | -€34,745 | -237% |
| Amounts payable | 17/49 | €2,078,876 | €2,175,774 | +€96,899 | +4.7% |
| Amounts payable after more than one year | 17 | €405,980 | €338,388 | -€67,593 | -16.6% |
| Financial debts | 170/4 | €405,980 | €338,388 | -€67,593 | -16.6% |
| Amounts payable within one year | 42/48 | €1,672,895 | €1,836,100 | +€163,205 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €66,783 | €67,593 | +€810 | +1.2% |
| Trade debts | 44 | €17,792 | €55,858 | +€38,066 | +214% |
| Suppliers | 440/4 | €17,792 | €55,858 | +€38,066 | +214% |
| Taxes, remuneration and social security | 45 | €1,878 | €1,108 | -€770 | -41.0% |
| Taxes | 450/3 | €1,878 | €1,108 | -€770 | -41.0% |
| Other amounts payable | 47/48 | €1,586,442 | €1,711,542 | +€125,100 | +7.9% |
| Accrued charges and deferred income | 492/3 | - | €1,286 | +€1,286 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,416 | €9,919 | -€497 | -4.8% |
| Other operating charges | 640/8 | €9,216 | €9,226 | +€10 | +0.1% |
| Gross operating margin | 9900 | -€13,207 | -€13,555 | -€348 | -2.6% |
| Operating profit (loss) | 9901 | -€32,839 | -€32,700 | +€139 | +0.4% |
| Financial income | 75/76B | - | €4,301 | +€4,301 | |
| Recurring financial income | 75 | - | €4,301 | +€4,301 | |
| Financial charges | 65/66B | €6,639 | €6,337 | -€302 | -4.6% |
| Recurring financial charges | 65 | €6,639 | €6,337 | -€302 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | -€39,478 | -€34,736 | +€4,742 | +12.0% |
| Income taxes | 67/77 | - | €8 | +€8 | |
| Profit (loss) for the period | 9904 | -€39,478 | -€34,745 | +€4,733 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,478 | -€34,745 | +€4,733 | +12.0% |
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 15 October 2026 via checked.be.