VIKABO: 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.
VIKABO
Largest movements
- Financial fixed assets +€146,100
new in 2025: €146,100
- Receivables within one year +€141,361
up €141,361 (+1091.0%), from €12,957 to €154,318
of which Other amounts receivable: +€126,971
- Tangible fixed assets -€47,416
down €47,416 (-20.3%), from €234,151 to €186,735
of which Furniture and vehicles: -€28,347
- Cash -€6,324
down €6,324 (-100.0%), from €6,324 to €0
mainly Investment in fixed assets (net) (-€155,126) and Receivables within one year (-€141,361)
- Debts after one year +€109,376
up €109,376 (+81.1%), from €134,796 to €244,173
of which Other amounts payable: +€146,100
- Short-term financial debts +€95,757
new in 2025: €95,757
- Profit (loss) carried forward +€33,690
up €33,690 (+77.5%), from -€43,448 to -€9,758
- Gross operating margin +€52,630
up €52,630 (+116.9%), from €45,027 to €97,657
- Depreciation +€18,319
up €18,319 (+48.1%), from €38,122 to €56,442
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 | €257,099 | €491,222 | +€234,123 | +91.1% |
| Fixed assets | 21/28 | €234,151 | €332,836 | +€98,685 | +42.1% |
| Tangible fixed assets | 22/27 | €234,151 | €186,735 | -€47,416 | -20.3% |
| Land and buildings | 22 | €5,999 | €4,499 | -€1,500 | -25.0% |
| Plant, machinery and equipment | 23 | €12,729 | €14,696 | +€1,967 | +15.5% |
| Furniture and vehicles | 24 | €101,670 | €73,323 | -€28,347 | -27.9% |
| Leasing and similar rights | 25 | €112,731 | €93,451 | -€19,280 | -17.1% |
| Other tangible fixed assets | 26 | €1,022 | €766 | -€255 | -25.0% |
| Financial fixed assets | 28 | - | €146,100 | +€146,100 | |
| Current assets | 29/58 | €22,948 | €158,386 | +€135,439 | +590.2% |
| Amounts receivable within one year | 40/41 | €12,957 | €154,318 | +€141,361 | +1091.0% |
| Trade receivables | 40 | €8,369 | €22,759 | +€14,390 | +172.0% |
| Other amounts receivable | 41 | €4,588 | €131,559 | +€126,971 | +2767.3% |
| Cash at bank and in hand | 54/58 | €6,324 | €0 | -€6,324 | -100.0% |
| Deferred charges and accrued income | 490/1 | €3,666 | €4,068 | +€402 | +11.0% |
| Total equity and liabilities | 10/49 | €257,099 | €491,222 | +€234,123 | +91.1% |
| Equity | 10/15 | €38,147 | €71,837 | +€33,690 | +88.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €69,195 | €69,195 | = | 0.0% |
| Distributable reserves | 133 | €69,195 | €69,195 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,448 | -€9,758 | +€33,690 | +77.5% |
| Amounts payable | 17/49 | €218,951 | €419,385 | +€200,433 | +91.5% |
| Amounts payable after more than one year | 17 | €134,796 | €244,173 | +€109,376 | +81.1% |
| Financial debts | 170/4 | €134,796 | €98,072 | -€36,724 | -27.2% |
| Other amounts payable | 178/9 | - | €146,100 | +€146,100 | |
| Amounts payable within one year | 42/48 | €84,007 | €175,203 | +€91,196 | +108.6% |
| Current portion of amounts payable after more than one year | 42 | €35,260 | €35,273 | +€13 | 0.0% |
| Financial debts | 43 | - | €95,757 | +€95,757 | |
| Credit institutions | 430/8 | - | €95,757 | +€95,757 | |
| Trade debts | 44 | €12,881 | €13,156 | +€275 | +2.1% |
| Suppliers | 440/4 | €12,881 | €13,156 | +€275 | +2.1% |
| Taxes, remuneration and social security | 45 | €3,278 | €1,345 | -€1,933 | -59.0% |
| Taxes | 450/3 | €3,278 | €1,345 | -€1,933 | -59.0% |
| Other amounts payable | 47/48 | €32,588 | €29,672 | -€2,915 | -8.9% |
| Accrued charges and deferred income | 492/3 | €148 | €9 | -€140 | -94.3% |
| Non-recurring operating income | 76A | €2,552 | €0 | -€2,552 | -100.0% |
| Remuneration, social security and pensions | 62 | -€963 | -€508 | +€455 | +47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,122 | €56,442 | +€18,319 | +48.1% |
| Other operating charges | 640/8 | €1,101 | €706 | -€395 | -35.8% |
| Non-recurring operating charges | 66A | €41 | €250 | +€209 | +514.1% |
| Gross operating margin | 9900 | €45,027 | €97,657 | +€52,630 | +116.9% |
| Operating profit (loss) | 9901 | €6,726 | €40,767 | +€34,042 | +506.2% |
| Financial income | 75/76B | €1,170 | €654 | -€516 | -44.1% |
| Recurring financial income | 75 | €1,170 | €654 | -€516 | -44.1% |
| Financial charges | 65/66B | €7,081 | €7,318 | +€237 | +3.4% |
| Recurring financial charges | 65 | €7,081 | €7,318 | +€237 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €815 | €34,103 | +€33,288 | +4083.9% |
| Income taxes | 67/77 | €395 | €413 | +€18 | +4.6% |
| Profit (loss) for the period | 9904 | €420 | €33,690 | +€33,270 | +7913.3% |
| Profit (loss) for the period to be appropriated | 9905 | €420 | €33,690 | +€33,270 | +7913.3% |
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 5 October 2026 via checked.be.