VIK: 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.
VIK
Largest movements
- Tangible fixed assets -€27,853
down €27,853 (-57.2%), from €48,668 to €20,816
of which Other tangible fixed assets: -€18,270
- Cash -€20,811
down €20,811 (-79.3%), from €26,233 to €5,422
mainly Other debts (-€25,998) and Debts after one year (-€25,197)
- Receivables within one year -€11,538
down €11,538 (-83.7%), from €13,786 to €2,248
of which Trade receivables: -€11,973
- Other debts -€25,998
down €25,998 (-41.6%), from €62,499 to €36,501
- Debts after one year -€25,197
down €25,197 (-73.6%), from €34,222 to €9,024
- Current portion of long-term debt -€14,714
down €14,714 (-36.9%), from €39,911 to €25,197
- Reserves +€7,521
up €7,521 (+13.6%), from €55,347 to €62,868
- Tax, wage and social debts -€5,262
down €5,262 (-34.7%), from €15,182 to €9,920
- Gross operating margin +€7,662
up €7,662 (+21.0%), from €36,434 to €44,095
- Depreciation +€7,376
up €7,376 (+32.8%), from €22,477 to €29,853
- Financial charges -€914
down €914 (-35.5%), from €2,572 to €1,658
- Taxes +€589
up €589 (+16.2%), from €3,643 to €4,232
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 | €258,687 | €198,858 | -€59,829 | -23.1% |
| Fixed assets | 21/28 | €218,668 | €190,816 | -€27,853 | -12.7% |
| Tangible fixed assets | 22/27 | €48,668 | €20,816 | -€27,853 | -57.2% |
| Plant, machinery and equipment | 23 | €567 | - | -€567 | |
| Furniture and vehicles | 24 | €27,712 | €18,696 | -€9,015 | -32.5% |
| Other tangible fixed assets | 26 | €20,390 | €2,119 | -€18,270 | -89.6% |
| Financial fixed assets | 28 | €170,000 | €170,000 | = | 0.0% |
| Current assets | 29/58 | €40,019 | €8,042 | -€31,977 | -79.9% |
| Amounts receivable within one year | 40/41 | €13,786 | €2,248 | -€11,538 | -83.7% |
| Trade receivables | 40 | €13,786 | €1,812 | -€11,973 | -86.9% |
| Other amounts receivable | 41 | - | €436 | +€436 | |
| Cash at bank and in hand | 54/58 | €26,233 | €5,422 | -€20,811 | -79.3% |
| Deferred charges and accrued income | 490/1 | - | €372 | +€372 | |
| Total equity and liabilities | 10/49 | €258,687 | €198,858 | -€59,829 | -23.1% |
| Equity | 10/15 | €61,547 | €69,068 | +€7,521 | +12.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €55,347 | €62,868 | +€7,521 | +13.6% |
| Distributable reserves | 133 | €55,347 | €62,868 | +€7,521 | +13.6% |
| Amounts payable | 17/49 | €197,140 | €129,790 | -€67,350 | -34.2% |
| Amounts payable after more than one year | 17 | €34,222 | €9,024 | -€25,197 | -73.6% |
| Financial debts | 170/4 | €34,222 | €9,024 | -€25,197 | -73.6% |
| Amounts payable within one year | 42/48 | €162,919 | €120,766 | -€42,153 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €39,911 | €25,197 | -€14,714 | -36.9% |
| Financial debts | 43 | €45,000 | €45,000 | = | 0.0% |
| Other loans | 439 | €45,000 | €45,000 | = | 0.0% |
| Trade debts | 44 | €326 | €4,147 | +€3,821 | +1172.0% |
| Suppliers | 440/4 | €326 | €4,147 | +€3,821 | +1172.0% |
| Taxes, remuneration and social security | 45 | €15,182 | €9,920 | -€5,262 | -34.7% |
| Taxes | 450/3 | €15,182 | €9,920 | -€5,262 | -34.7% |
| Other amounts payable | 47/48 | €62,499 | €36,501 | -€25,998 | -41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,477 | €29,853 | +€7,376 | +32.8% |
| Other operating charges | 640/8 | €629 | €832 | +€203 | +32.4% |
| Gross operating margin | 9900 | €36,434 | €44,095 | +€7,662 | +21.0% |
| Operating profit (loss) | 9901 | €13,329 | €13,411 | +€82 | +0.6% |
| Financial income | 75/76B | €339 | - | -€339 | |
| Recurring financial income | 75 | €339 | - | -€339 | |
| Financial charges | 65/66B | €2,572 | €1,658 | -€914 | -35.5% |
| Recurring financial charges | 65 | €2,572 | €1,658 | -€914 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €11,096 | €11,753 | +€658 | +5.9% |
| Income taxes | 67/77 | €3,643 | €4,232 | +€589 | +16.2% |
| Profit (loss) for the period | 9904 | €7,453 | €7,521 | +€68 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,453 | €7,521 | +€68 | +0.9% |
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 6 October 2026 via checked.be.