VIJOKA: 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.
VIJOKA
Largest movements
- Receivables within one year +€18,918
up €18,918 (+79.6%), from €23,760 to €42,677
of which Trade receivables: +€18,000
- Cash -€6,206
down €6,206 (-6.2%), from €99,712 to €93,506
mainly Investment in fixed assets (net) (-€33,027) and Receivables within one year (-€18,918)
- Tangible fixed assets +€4,159
up €4,159 (+7.0%), from €59,213 to €63,372
of which Furniture and vehicles: +€28,144
- Reserves +€17,311
up €17,311 (+31.5%), from €54,900 to €72,211
- Tax, wage and social debts -€2,095
down €2,095 (-44.1%), from €4,749 to €2,655
- Depreciation +€5,383
up €5,383 (+22.9%), from €23,485 to €28,868
- Gross operating margin +€1,807
up €1,807 (+3.4%), from €53,547 to €55,354
- Taxes -€1,095
down €1,095 (-11.2%), from €9,749 to €8,655
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 | €185,126 | €200,724 | +€15,598 | +8.4% |
| Fixed assets | 21/28 | €59,213 | €63,372 | +€4,159 | +7.0% |
| Tangible fixed assets | 22/27 | €59,213 | €63,372 | +€4,159 | +7.0% |
| Furniture and vehicles | 24 | - | €28,144 | +€28,144 | |
| Other tangible fixed assets | 26 | €58,713 | €35,228 | -€23,485 | -40.0% |
| Assets under construction and advance payments | 27 | €500 | - | -€500 | |
| Current assets | 29/58 | €125,913 | €137,352 | +€11,439 | +9.1% |
| Amounts receivable within one year | 40/41 | €23,760 | €42,677 | +€18,918 | +79.6% |
| Trade receivables | 40 | - | €18,000 | +€18,000 | |
| Other amounts receivable | 41 | €23,760 | €24,677 | +€918 | +3.9% |
| Cash at bank and in hand | 54/58 | €99,712 | €93,506 | -€6,206 | -6.2% |
| Deferred charges and accrued income | 490/1 | €2,442 | €1,168 | -€1,273 | -52.1% |
| Total equity and liabilities | 10/49 | €185,126 | €200,724 | +€15,598 | +8.4% |
| Equity | 10/15 | €178,501 | €195,812 | +€17,311 | +9.7% |
| Contributions | 10/11 | €9,800 | €9,800 | = | 0.0% |
| Reserves | 13 | €54,900 | €72,211 | +€17,311 | +31.5% |
| Distributable reserves | 133 | €54,900 | €72,211 | +€17,311 | +31.5% |
| Profit (loss) carried forward | 14 | €113,801 | €113,801 | = | 0.0% |
| Amounts payable | 17/49 | €6,625 | €4,912 | -€1,713 | -25.9% |
| Amounts payable within one year | 42/48 | €6,625 | €4,912 | -€1,713 | -25.9% |
| Trade debts | 44 | €1,876 | €2,257 | +€382 | +20.3% |
| Suppliers | 440/4 | €1,876 | €2,257 | +€382 | +20.3% |
| Taxes, remuneration and social security | 45 | €4,749 | €2,655 | -€2,095 | -44.1% |
| Taxes | 450/3 | €4,749 | €2,655 | -€2,095 | -44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,485 | €28,868 | +€5,383 | +22.9% |
| Other operating charges | 640/8 | €2,145 | €1,813 | -€332 | -15.5% |
| Non-recurring operating charges | 66A | €53 | - | -€53 | |
| Gross operating margin | 9900 | €53,547 | €55,354 | +€1,807 | +3.4% |
| Operating profit (loss) | 9901 | €27,863 | €24,673 | -€3,191 | -11.5% |
| Financial income | 75/76B | €1,525 | €1,400 | -€125 | -8.2% |
| Recurring financial income | 75 | €1,525 | €1,400 | -€125 | -8.2% |
| Financial charges | 65/66B | €139 | €107 | -€31 | -22.6% |
| Recurring financial charges | 65 | €139 | €107 | -€31 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €29,250 | €25,966 | -€3,284 | -11.2% |
| Income taxes | 67/77 | €9,749 | €8,655 | -€1,095 | -11.2% |
| Profit (loss) for the period | 9904 | €19,500 | €17,311 | -€2,190 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,500 | €17,311 | -€2,190 | -11.2% |
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.