Vik Vanackere: 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.
Vik Vanackere
Largest movements
- Cash -€42,721
down €42,721 (-53.2%), from €80,282 to €37,561
mainly Receivables within one year (-€20,907) and Tax, wage and social debts (-€12,679)
- Receivables within one year +€20,907
up €20,907 (+540%), from €3,871 to €24,779
of which Trade receivables: +€24,760
- Tangible fixed assets -€1,324
down €1,324 (-39.6%), from €3,347 to €2,023
of which Plant, machinery and equipment: -€898
- Tax, wage and social debts -€12,679
down €12,679 (-85.9%), from €14,755 to €2,076
- Other debts -€6,436
down €6,436 (-22.5%), from €28,585 to €22,149
- Reserves -€5,448
down €5,448 (-18.8%), from €28,964 to €23,517
- Trade debts +€1,425
up €1,425 (+726%), from €196 to €1,621
- Gross operating margin -€27,510
down €27,510, from €24,239 to -€3,271
- Taxes -€4,976
down €4,976 (-96.7%), from €5,147 to €171
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 | €87,500 | €64,362 | -€23,138 | -26.4% |
| Fixed assets | 21/28 | €3,347 | €2,023 | -€1,324 | -39.6% |
| Tangible fixed assets | 22/27 | €3,347 | €2,023 | -€1,324 | -39.6% |
| Plant, machinery and equipment | 23 | €1,689 | €791 | -€898 | -53.2% |
| Furniture and vehicles | 24 | €1,658 | €1,232 | -€426 | -25.7% |
| Current assets | 29/58 | €84,153 | €62,339 | -€21,814 | -25.9% |
| Amounts receivable within one year | 40/41 | €3,871 | €24,779 | +€20,907 | +540% |
| Trade receivables | 40 | €0 | €24,760 | +€24,760 | |
| Other amounts receivable | 41 | €3,871 | €19 | -€3,853 | -99.5% |
| Cash at bank and in hand | 54/58 | €80,282 | €37,561 | -€42,721 | -53.2% |
| Total equity and liabilities | 10/49 | €87,500 | €64,362 | -€23,138 | -26.4% |
| Equity | 10/15 | €43,964 | €38,517 | -€5,448 | -12.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €28,964 | €23,517 | -€5,448 | -18.8% |
| Distributable reserves | 133 | €28,964 | €23,517 | -€5,448 | -18.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €43,536 | €25,846 | -€17,690 | -40.6% |
| Amounts payable within one year | 42/48 | €43,536 | €25,846 | -€17,690 | -40.6% |
| Trade debts | 44 | €196 | €1,621 | +€1,425 | +726% |
| Suppliers | 440/4 | €196 | €1,621 | +€1,425 | +726% |
| Taxes, remuneration and social security | 45 | €14,755 | €2,076 | -€12,679 | -85.9% |
| Taxes | 450/3 | €14,755 | €2,076 | -€12,679 | -85.9% |
| Other amounts payable | 47/48 | €28,585 | €22,149 | -€6,436 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,340 | €1,324 | -€16 | -1.2% |
| Other operating charges | 640/8 | €511 | €516 | +€5 | +1.0% |
| Gross operating margin | 9900 | €24,239 | -€3,271 | -€27,510 | |
| Operating profit (loss) | 9901 | €22,389 | -€5,111 | -€27,499 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €124 | €166 | +€42 | +33.6% |
| Recurring financial charges | 65 | €124 | €166 | +€42 | +33.6% |
| Profit (loss) for the period before taxes | 9903 | €22,266 | -€5,277 | -€27,543 | |
| Income taxes | 67/77 | €5,147 | €171 | -€4,976 | -96.7% |
| Profit (loss) for the period | 9904 | €17,120 | -€5,448 | -€22,567 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,120 | -€5,448 | -€22,567 |
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 19 October 2026 via checked.be.