VIJVERIMMO: 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.
VIJVERIMMO
Largest movements
- Tangible fixed assets -€55,363
down €55,363 (-5.2%), from €1.1m to €1.0m
of which Land and buildings: -€47,699
- Receivables within one year +€29,323
up €29,323 (+76.6%), from €38,304 to €67,627
of which Trade receivables: +€26,142
- Cash -€17,268
down €17,268 (-18.0%), from €95,937 to €78,669
mainly Debts after one year (-€35,821) and Receivables within one year (-€29,323)
- Debts after one year -€35,821
down €35,821 (-6.5%), from €554,513 to €518,692
- Gross operating margin -€10,689
down €10,689 (-10.5%), from €102,240 to €91,551
- Taxes -€3,191
down €3,191 (-58.3%), from €5,474 to €2,284
- Depreciation -€2,950
down €2,950 (-5.1%), from €58,313 to €55,363
- Financial charges +€2,082
up €2,082 (+11.3%), from €18,393 to €20,475
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 | €1,194,746 | €1,151,435 | -€43,311 | -3.6% |
| Fixed assets | 21/28 | €1,059,799 | €1,004,436 | -€55,363 | -5.2% |
| Tangible fixed assets | 22/27 | €1,059,799 | €1,004,436 | -€55,363 | -5.2% |
| Land and buildings | 22 | €1,051,035 | €1,003,336 | -€47,699 | -4.5% |
| Furniture and vehicles | 24 | €8,764 | €1,101 | -€7,663 | -87.4% |
| Current assets | 29/58 | €134,947 | €146,999 | +€12,052 | +8.9% |
| Amounts receivable within one year | 40/41 | €38,304 | €67,627 | +€29,323 | +76.6% |
| Trade receivables | 40 | - | €26,142 | +€26,142 | |
| Other amounts receivable | 41 | €38,304 | €41,486 | +€3,181 | +8.3% |
| Cash at bank and in hand | 54/58 | €95,937 | €78,669 | -€17,268 | -18.0% |
| Deferred charges and accrued income | 490/1 | €706 | €703 | -€3 | -0.5% |
| Total equity and liabilities | 10/49 | €1,194,746 | €1,151,435 | -€43,311 | -3.6% |
| Equity | 10/15 | €587,942 | €592,169 | +€4,227 | +0.7% |
| Contributions | 10/11 | €386,841 | €386,841 | = | 0.0% |
| Reserves | 13 | €201,101 | €205,328 | +€4,227 | +2.1% |
| Distributable reserves | 133 | €201,101 | €205,328 | +€4,227 | +2.1% |
| Amounts payable | 17/49 | €606,804 | €559,266 | -€47,538 | -7.8% |
| Amounts payable after more than one year | 17 | €554,513 | €518,692 | -€35,821 | -6.5% |
| Financial debts | 170/4 | €554,513 | €518,692 | -€35,821 | -6.5% |
| Amounts payable within one year | 42/48 | €52,241 | €40,575 | -€11,667 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €45,488 | €37,176 | -€8,313 | -18.3% |
| Trade debts | 44 | €2,835 | €879 | -€1,956 | -69.0% |
| Suppliers | 440/4 | €2,835 | €879 | -€1,956 | -69.0% |
| Taxes, remuneration and social security | 45 | €3,918 | €1,606 | -€2,312 | -59.0% |
| Taxes | 450/3 | €2,422 | €1,606 | -€816 | -33.7% |
| Remuneration and social security | 454/9 | €1,496 | €0 | -€1,496 | -100.0% |
| Other amounts payable | 47/48 | - | €914 | +€914 | |
| Accrued charges and deferred income | 492/3 | €50 | €0 | -€50 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,313 | €55,363 | -€2,950 | -5.1% |
| Other operating charges | 640/8 | €10,063 | €10,261 | +€199 | +2.0% |
| Gross operating margin | 9900 | €102,240 | €91,551 | -€10,689 | -10.5% |
| Operating profit (loss) | 9901 | €33,864 | €25,927 | -€7,937 | -23.4% |
| Financial income | 75/76B | €581 | €0 | -€581 | -100.0% |
| Recurring financial income | 75 | €581 | €0 | -€581 | -100.0% |
| Financial charges | 65/66B | €18,393 | €20,475 | +€2,082 | +11.3% |
| Recurring financial charges | 65 | €18,393 | €20,475 | +€2,082 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €16,052 | €5,453 | -€10,600 | -66.0% |
| Income taxes | 67/77 | €5,474 | €2,284 | -€3,191 | -58.3% |
| Profit (loss) for the period | 9904 | €10,578 | €3,169 | -€7,409 | -70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,578 | €3,169 | -€7,409 | -70.0% |
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 8 October 2026 via checked.be.