VIJVERWOLF: 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.
VIJVERWOLF
Largest movements
- Cash +€81,577
up €81,577 (+122.1%), from €66,812 to €148,389
mainly Net result for the year (+€106,477) and Tax, wage and social debts (+€15,645)
- Receivables within one year +€38,286
up €38,286 (+281.1%), from €13,621 to €51,908
- Stocks and contracts -€10,005
down €10,005 (-47.5%), from €21,042 to €11,037
- Tangible fixed assets +€4,947
up €4,947 (+19.8%), from €24,925 to €29,872
of which Plant, machinery and equipment: +€2,756
- Profit (loss) carried forward +€106,477
up €106,477 (+301.6%), from €35,302 to €141,779
- Tax, wage and social debts +€15,645
up €15,645 (+47.0%), from €33,303 to €48,948
of which Remuneration and social security: +€12,679
- Trade debts -€8,555
down €8,555 (-16.7%), from €51,162 to €42,607
- Gross operating margin +€263,401
up €263,401 (+64.2%), from €410,433 to €673,834
- Staff costs +€148,902
up €148,902 (+42.4%), from €351,429 to €500,330
- Taxes +€34,348
new in 2025: €34,348
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,346 | €251,476 | +€115,129 | +84.4% |
| Fixed assets | 21/28 | €34,208 | €39,155 | +€4,947 | +14.5% |
| Tangible fixed assets | 22/27 | €24,925 | €29,872 | +€4,947 | +19.8% |
| Plant, machinery and equipment | 23 | €19,566 | €22,322 | +€2,756 | +14.1% |
| Furniture and vehicles | 24 | €4,724 | €7,203 | +€2,480 | +52.5% |
| Other tangible fixed assets | 26 | €634 | €346 | -€288 | -45.5% |
| Financial fixed assets | 28 | €9,284 | €9,284 | = | 0.0% |
| Current assets | 29/58 | €102,138 | €212,320 | +€110,182 | +107.9% |
| Stocks and contracts in progress | 3 | €21,042 | €11,037 | -€10,005 | -47.5% |
| Stocks | 30/36 | €21,042 | €11,037 | -€10,005 | -47.5% |
| Amounts receivable within one year | 40/41 | €13,621 | €51,908 | +€38,286 | +281.1% |
| Other amounts receivable | 41 | €13,621 | €51,908 | +€38,286 | +281.1% |
| Cash at bank and in hand | 54/58 | €66,812 | €148,389 | +€81,577 | +122.1% |
| Deferred charges and accrued income | 490/1 | €663 | €986 | +€323 | +48.8% |
| Total equity and liabilities | 10/49 | €136,346 | €251,476 | +€115,129 | +84.4% |
| Equity | 10/15 | €45,372 | €151,850 | +€106,477 | +234.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,871 | €3,871 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,011 | €2,011 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,302 | €141,779 | +€106,477 | +301.6% |
| Amounts payable | 17/49 | €90,974 | €99,626 | +€8,652 | +9.5% |
| Amounts payable within one year | 42/48 | €90,974 | €99,626 | +€8,652 | +9.5% |
| Financial debts | 43 | - | €1,562 | +€1,562 | |
| Credit institutions | 430/8 | - | €1,562 | +€1,562 | |
| Trade debts | 44 | €51,162 | €42,607 | -€8,555 | -16.7% |
| Suppliers | 440/4 | €51,162 | €42,607 | -€8,555 | -16.7% |
| Taxes, remuneration and social security | 45 | €33,303 | €48,948 | +€15,645 | +47.0% |
| Taxes | 450/3 | €17,606 | €20,573 | +€2,967 | +16.8% |
| Remuneration and social security | 454/9 | €15,697 | €28,375 | +€12,679 | +80.8% |
| Other amounts payable | 47/48 | €6,509 | €6,509 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €351,429 | €500,330 | +€148,902 | +42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,120 | €7,950 | +€830 | +11.7% |
| Other operating charges | 640/8 | €15,856 | €18,729 | +€2,873 | +18.1% |
| Gross operating margin | 9900 | €410,433 | €673,834 | +€263,401 | +64.2% |
| Operating profit (loss) | 9901 | €36,028 | €146,824 | +€110,797 | +307.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €7,543 | €6,001 | -€1,543 | -20.4% |
| Recurring financial charges | 65 | €7,543 | €6,001 | -€1,543 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €28,484 | €140,825 | +€112,340 | +394.4% |
| Income taxes | 67/77 | - | €34,348 | +€34,348 | |
| Profit (loss) for the period | 9904 | €28,484 | €106,477 | +€77,993 | +273.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,484 | €106,477 | +€77,993 | +273.8% |
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 11 October 2026 via checked.be.