VIKALINA: 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.
VIKALINA
Largest movements
- Tangible fixed assets +€834,639
up €834,639 (+148.4%), from €562,276 to €1.4m
of which Land and buildings: +€832,992
- Deferred charges and accrued income +€308,113
up €308,113 (+677.8%), from €45,458 to €353,571
- Debts after one year +€1.2m
up €1.2m (+282.8%), from €410,462 to €1.6m
- Short-term financial debts +€335,798
new in 2025: €335,798
- Other debts -€283,032
no longer reported in 2025 (was €283,032)
- Profit (loss) carried forward -€131,388
down €131,388 (-64.7%), from -€203,118 to -€334,506
- Current portion of long-term debt +€77,203
up €77,203 (+206.9%), from €37,315 to €114,517
- Financial charges +€40,781
up €40,781 (+524.7%), from €7,773 to €48,554
of which Financial charges: +€30,706
- Depreciation +€18,588
up €18,588 (+84.0%), from €22,117 to €40,705
- Gross operating margin -€14,727
down €14,727 (-88.1%), from -€16,707 to -€31,434
- Financial income -€3,782
down €3,782 (-93.7%), from €4,039 to €256
- Staff costs -€894
down €894 (-91.4%), from €978 to €84
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 | €607,836 | €1,782,514 | +€1.2m | +193.3% |
| Fixed assets | 21/28 | €562,276 | €1,396,915 | +€834,639 | +148.4% |
| Tangible fixed assets | 22/27 | €562,276 | €1,396,915 | +€834,639 | +148.4% |
| Land and buildings | 22 | €562,276 | €1,395,268 | +€832,992 | +148.1% |
| Plant, machinery and equipment | 23 | - | €1,647 | +€1,647 | |
| Current assets | 29/58 | €45,560 | €385,600 | +€340,040 | +746.4% |
| Amounts receivable within one year | 40/41 | €80 | €15,170 | +€15,090 | +18957.6% |
| Other amounts receivable | 41 | €80 | €15,170 | +€15,090 | +18957.6% |
| Cash at bank and in hand | 54/58 | €22 | €16,859 | +€16,836 | +75095.4% |
| Deferred charges and accrued income | 490/1 | €45,458 | €353,571 | +€308,113 | +677.8% |
| Total equity and liabilities | 10/49 | €607,836 | €1,782,514 | +€1.2m | +193.3% |
| Equity | 10/15 | -€136,118 | -€267,506 | -€131,388 | -96.5% |
| Contributions | 10/11 | €67,000 | €67,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€203,118 | -€334,506 | -€131,388 | -64.7% |
| Amounts payable | 17/49 | €743,954 | €2,050,021 | +€1.3m | +175.6% |
| Amounts payable after more than one year | 17 | €410,462 | €1,571,410 | +€1.2m | +282.8% |
| Financial debts | 170/4 | €410,462 | €1,571,410 | +€1.2m | +282.8% |
| Amounts payable within one year | 42/48 | €333,492 | €478,610 | +€145,118 | +43.5% |
| Current portion of amounts payable after more than one year | 42 | €37,315 | €114,517 | +€77,203 | +206.9% |
| Financial debts | 43 | - | €335,798 | +€335,798 | |
| Other loans | 439 | - | €335,798 | +€335,798 | |
| Trade debts | 44 | €13,145 | €28,295 | +€15,149 | +115.2% |
| Suppliers | 440/4 | €13,145 | €28,295 | +€15,149 | +115.2% |
| Other amounts payable | 47/48 | €283,032 | - | -€283,032 | |
| Remuneration, social security and pensions | 62 | €978 | €84 | -€894 | -91.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,117 | €40,705 | +€18,588 | +84.0% |
| Other operating charges | 640/8 | €10,827 | €10,868 | +€42 | +0.4% |
| Gross operating margin | 9900 | -€16,707 | -€31,434 | -€14,727 | -88.1% |
| Operating profit (loss) | 9901 | -€50,629 | -€83,091 | -€32,462 | -64.1% |
| Financial income | 75/76B | €4,039 | €256 | -€3,782 | -93.7% |
| Recurring financial income | 75 | €4,039 | €256 | -€3,782 | -93.7% |
| Financial charges | 65/66B | €7,773 | €48,554 | +€40,781 | +524.7% |
| Recurring financial charges | 65 | €7,773 | €38,478 | +€30,706 | +395.1% |
| Non-recurring financial charges | 66B | - | €10,075 | +€10,075 | |
| Profit (loss) for the period before taxes | 9903 | -€54,363 | -€131,388 | -€77,025 | -141.7% |
| Profit (loss) for the period | 9904 | -€54,363 | -€131,388 | -€77,025 | -141.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,363 | -€131,388 | -€77,025 | -141.7% |
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 4 October 2026 via checked.be.