Vika: 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.
Vika
Largest movements
- Current investments -€2.4m
down €2.4m (-74.2%), from €3.3m to €850,601
- Cash -€1.9m
down €1.9m (-48.6%), from €4.0m to €2.0m
mainly Other debts (-€3.9m) and Contributions, distributions and other (-€1.7m)
- Stocks and contracts +€317,818
up €317,818 (+34.1%), from €932,512 to €1.3m
- Tangible fixed assets +€174,150
up €174,150 (+24.0%), from €726,638 to €900,788
of which Plant, machinery and equipment: +€252,093
- Other debts -€3.9m
down €3.9m (-70.3%), from €5.6m to €1.7m
- Trade debts -€176,895
down €176,895 (-37.9%), from €466,969 to €290,073
- Reserves +€112,859
up €112,859 (+3.1%), from €3.6m to €3.7m
of which Distributable reserves: +€143,792
- Gross operating margin +€664,909
up €664,909 (+13.7%), from €4.9m to €5.5m
- Financial charges +€208,062
up €208,062 (+197.6%), from €105,292 to €313,354
- Taxes +€113,493
up €113,493 (+33.3%), from €340,441 to €453,934
- Write-downs -€90,678
down €90,678 (-100.0%), from €90,678 to €0
- Staff costs +€88,453
up €88,453 (+3.1%), from €2.9m to €3.0m
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 | €10,247,872 | €6,325,463 | -€3.9m | -38.3% |
| Fixed assets | 21/28 | €727,533 | €901,683 | +€174,150 | +23.9% |
| Tangible fixed assets | 22/27 | €726,638 | €900,788 | +€174,150 | +24.0% |
| Plant, machinery and equipment | 23 | €506,642 | €758,736 | +€252,093 | +49.8% |
| Furniture and vehicles | 24 | €155,862 | €94,597 | -€61,264 | -39.3% |
| Other tangible fixed assets | 26 | €64,134 | €47,455 | -€16,679 | -26.0% |
| Financial fixed assets | 28 | €895 | €895 | = | 0.0% |
| Current assets | 29/58 | €9,520,339 | €5,423,780 | -€4.1m | -43.0% |
| Stocks and contracts in progress | 3 | €932,512 | €1,250,330 | +€317,818 | +34.1% |
| Stocks | 30/36 | €932,512 | €1,250,330 | +€317,818 | +34.1% |
| Amounts receivable within one year | 40/41 | €1,233,069 | €1,191,448 | -€41,620 | -3.4% |
| Trade receivables | 40 | €994,937 | €1,168,373 | +€173,436 | +17.4% |
| Other amounts receivable | 41 | €238,132 | €23,076 | -€215,056 | -90.3% |
| Current investments | 50/53 | €3,300,000 | €850,601 | -€2.4m | -74.2% |
| Cash at bank and in hand | 54/58 | €3,957,524 | €2,035,232 | -€1.9m | -48.6% |
| Deferred charges and accrued income | 490/1 | €97,234 | €96,168 | -€1,066 | -1.1% |
| Total equity and liabilities | 10/49 | €10,247,872 | €6,325,463 | -€3.9m | -38.3% |
| Equity | 10/15 | €3,731,038 | €3,843,898 | +€112,859 | +3.0% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €3,607,038 | €3,719,898 | +€112,859 | +3.1% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €188,632 | €157,699 | -€30,933 | -16.4% |
| Distributable reserves | 133 | €3,406,007 | €3,549,799 | +€143,792 | +4.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €62,877 | €52,566 | -€10,311 | -16.4% |
| Deferred taxes | 168 | €62,877 | €52,566 | -€10,311 | -16.4% |
| Amounts payable | 17/49 | €6,453,956 | €2,428,999 | -€4.0m | -62.4% |
| Amounts payable within one year | 42/48 | €6,447,995 | €2,428,999 | -€4.0m | -62.3% |
| Trade debts | 44 | €466,969 | €290,073 | -€176,895 | -37.9% |
| Suppliers | 440/4 | €466,969 | €290,073 | -€176,895 | -37.9% |
| Taxes, remuneration and social security | 45 | €405,417 | €483,717 | +€78,300 | +19.3% |
| Taxes | 450/3 | €150,317 | €202,141 | +€51,824 | +34.5% |
| Remuneration and social security | 454/9 | €255,100 | €281,576 | +€26,476 | +10.4% |
| Other amounts payable | 47/48 | €5,575,610 | €1,655,208 | -€3.9m | -70.3% |
| Accrued charges and deferred income | 492/3 | €5,961 | €0 | -€5,961 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,885,992 | €2,974,445 | +€88,453 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €315,255 | €329,600 | +€14,344 | +4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €90,678 | €0 | -€90,678 | -100.0% |
| Other operating charges | 640/8 | €75,275 | €90,207 | +€14,932 | +19.8% |
| Gross operating margin | 9900 | €4,870,391 | €5,535,300 | +€664,909 | +13.7% |
| Operating profit (loss) | 9901 | €1,503,190 | €2,141,048 | +€637,858 | +42.4% |
| Financial income | 75/76B | €323,268 | €383,788 | +€60,521 | +18.7% |
| Recurring financial income | 75 | €323,268 | €383,788 | +€60,521 | +18.7% |
| Financial charges | 65/66B | €105,292 | €313,354 | +€208,062 | +197.6% |
| Recurring financial charges | 65 | €105,292 | €313,354 | +€208,062 | +197.6% |
| Profit (loss) for the period before taxes | 9903 | €1,721,165 | €2,211,482 | +€490,317 | +28.5% |
| Transfer from deferred taxes | 780 | €14,575 | €10,311 | -€4,264 | -29.3% |
| Income taxes | 67/77 | €340,441 | €453,934 | +€113,493 | +33.3% |
| Profit (loss) for the period | 9904 | €1,395,299 | €1,767,859 | +€372,560 | +26.7% |
| Transfer from tax-exempt reserves | 789 | €43,725 | €30,933 | -€12,792 | -29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,439,024 | €1,798,792 | +€359,768 | +25.0% |
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 1 October 2026 via checked.be.