Vika Projects: 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.
Vika Projects
Largest movements
- Cash -€38,642
down €38,642 (-31.8%), from €121,676 to €83,034
mainly Contributions, distributions and other (-€37,000) and Other debts (-€19,034)
- Deferred charges and accrued income +€15,304
up €15,304 (+475.6%), from €3,218 to €18,522
- Tangible fixed assets -€3,975
down €3,975 (-12.4%), from €32,166 to €28,191
of which Furniture and vehicles: -€5,372
- Other debts -€19,034
down €19,034 (-25.1%), from €75,893 to €56,859
- Trade debts -€6,140
down €6,140 (-92.8%), from €6,614 to €474
- Debts after one year -€5,449
down €5,449 (-28.6%), from €19,072 to €13,624
- Contributions -€1,855
down €1,855 (-9.1%), from €20,405 to €18,550
- Reserves +€1,855
up €1,855 (+5.9%), from €31,409 to €33,264
- Gross operating margin -€16,108
down €16,108 (-19.5%), from €82,636 to €66,528
- Taxes -€4,316
down €4,316 (-24.3%), from €17,743 to €13,427
- Other operating charges +€988
up €988 (+90.9%), from €1,088 to €2,076
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 | €170,942 | €142,035 | -€28,907 | -16.9% |
| Fixed assets | 21/28 | €32,166 | €28,191 | -€3,975 | -12.4% |
| Tangible fixed assets | 22/27 | €32,166 | €28,191 | -€3,975 | -12.4% |
| Furniture and vehicles | 24 | €30,435 | €25,063 | -€5,372 | -17.7% |
| Other tangible fixed assets | 26 | €1,730 | €3,128 | +€1,398 | +80.8% |
| Current assets | 29/58 | €138,776 | €113,844 | -€24,932 | -18.0% |
| Amounts receivable within one year | 40/41 | €13,882 | €12,288 | -€1,594 | -11.5% |
| Trade receivables | 40 | €12,556 | €12,288 | -€268 | -2.1% |
| Other amounts receivable | 41 | €1,326 | - | -€1,326 | |
| Cash at bank and in hand | 54/58 | €121,676 | €83,034 | -€38,642 | -31.8% |
| Deferred charges and accrued income | 490/1 | €3,218 | €18,522 | +€15,304 | +475.6% |
| Total equity and liabilities | 10/49 | €170,942 | €142,035 | -€28,907 | -16.9% |
| Equity | 10/15 | €52,456 | €51,960 | -€496 | -0.9% |
| Contributions | 10/11 | €20,405 | €18,550 | -€1,855 | -9.1% |
| Reserves | 13 | €31,409 | €33,264 | +€1,855 | +5.9% |
| Distributable reserves | 133 | €31,409 | €33,264 | +€1,855 | +5.9% |
| Profit (loss) carried forward | 14 | €642 | €146 | -€496 | -77.3% |
| Amounts payable | 17/49 | €118,486 | €90,075 | -€28,411 | -24.0% |
| Amounts payable after more than one year | 17 | €19,072 | €13,624 | -€5,449 | -28.6% |
| Financial debts | 170/4 | €19,072 | €13,624 | -€5,449 | -28.6% |
| Amounts payable within one year | 42/48 | €99,414 | €76,452 | -€22,962 | -23.1% |
| Current portion of amounts payable after more than one year | 42 | €7,899 | €9,709 | +€1,810 | +22.9% |
| Trade debts | 44 | €6,614 | €474 | -€6,140 | -92.8% |
| Suppliers | 440/4 | €6,614 | €474 | -€6,140 | -92.8% |
| Taxes, remuneration and social security | 45 | €9,007 | €9,409 | +€402 | +4.5% |
| Taxes | 450/3 | €9,007 | €9,409 | +€402 | +4.5% |
| Other amounts payable | 47/48 | €75,893 | €56,859 | -€19,034 | -25.1% |
| Non-recurring operating income | 76A | - | €18,172 | +€18,172 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,914 | €10,236 | -€678 | -6.2% |
| Other operating charges | 640/8 | €1,088 | €2,076 | +€988 | +90.9% |
| Non-recurring operating charges | 66A | - | €2,293 | +€2,293 | |
| Gross operating margin | 9900 | €82,636 | €66,528 | -€16,108 | -19.5% |
| Operating profit (loss) | 9901 | €70,635 | €51,924 | -€18,711 | -26.5% |
| Financial income | 75/76B | €18 | €8 | -€10 | -53.9% |
| Recurring financial income | 75 | €18 | €8 | -€10 | -53.9% |
| Financial charges | 65/66B | €2,479 | €2,001 | -€478 | -19.3% |
| Recurring financial charges | 65 | €2,479 | €2,001 | -€478 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €68,175 | €49,931 | -€18,243 | -26.8% |
| Income taxes | 67/77 | €17,743 | €13,427 | -€4,316 | -24.3% |
| Profit (loss) for the period | 9904 | €50,431 | €36,504 | -€13,927 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,431 | €36,504 | -€13,927 | -27.6% |
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.