VIKAS: 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.
VIKAS
Largest movements
- Receivables within one year +€21,461
up €21,461 (+53.6%), from €40,060 to €61,521
of which Trade receivables: +€23,000
- Cash +€20,132
up €20,132 (+103%), from €19,635 to €39,768
mainly Other debts (+€190,000) and Net result for the year (+€102,228)
- Other debts +€190,000
up €190,000 (+317%), from €60,000 to €250,000
- Reserves -€147,772
down €147,772 (-38.6%), from €382,439 to €234,667
- Financial income -€85,000
down €85,000 (-73.9%), from €115,000 to €30,000
- Gross operating margin +€51,366
up €51,366 (+120%), from €42,830 to €94,197
- Taxes +€9,967
up €9,967 (+99.8%), from €9,983 to €19,950
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 | €473,575 | €515,276 | +€41,702 | +8.8% |
| Fixed assets | 21/28 | €409,625 | €409,625 | = | 0.0% |
| Financial fixed assets | 28 | €409,625 | €409,625 | = | 0.0% |
| Current assets | 29/58 | €63,950 | €105,651 | +€41,702 | +65.2% |
| Amounts receivable within one year | 40/41 | €40,060 | €61,521 | +€21,461 | +53.6% |
| Trade receivables | 40 | €22,000 | €45,000 | +€23,000 | +105% |
| Other amounts receivable | 41 | €18,060 | €16,521 | -€1,539 | -8.5% |
| Cash at bank and in hand | 54/58 | €19,635 | €39,768 | +€20,132 | +103% |
| Deferred charges and accrued income | 490/1 | €4,255 | €4,363 | +€108 | +2.5% |
| Total equity and liabilities | 10/49 | €473,575 | €515,276 | +€41,702 | +8.8% |
| Equity | 10/15 | €401,039 | €253,267 | -€147,772 | -36.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €382,439 | €234,667 | -€147,772 | -38.6% |
| Distributable reserves | 133 | €382,439 | €234,667 | -€147,772 | -38.6% |
| Amounts payable | 17/49 | €72,535 | €262,009 | +€189,474 | +261% |
| Amounts payable within one year | 42/48 | €72,105 | €262,009 | +€189,903 | +263% |
| Trade debts | 44 | €1,950 | €1,501 | -€449 | -23.0% |
| Suppliers | 440/4 | €1,950 | €1,501 | -€449 | -23.0% |
| Taxes, remuneration and social security | 45 | €10,155 | €10,507 | +€352 | +3.5% |
| Taxes | 450/3 | €10,155 | €10,507 | +€352 | +3.5% |
| Other amounts payable | 47/48 | €60,000 | €250,000 | +€190,000 | +317% |
| Accrued charges and deferred income | 492/3 | €430 | - | -€430 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €563 | - | -€563 | |
| Other operating charges | 640/8 | €1,757 | €1,397 | -€360 | -20.5% |
| Gross operating margin | 9900 | €42,830 | €94,197 | +€51,366 | +120% |
| Operating profit (loss) | 9901 | €40,511 | €92,799 | +€52,289 | +129% |
| Financial income | 75/76B | €115,000 | €30,000 | -€85,000 | -73.9% |
| Recurring financial income | 75 | €115,000 | €30,000 | -€85,000 | -73.9% |
| Financial charges | 65/66B | €732 | €621 | -€111 | -15.1% |
| Recurring financial charges | 65 | €732 | €621 | -€111 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €154,779 | €122,179 | -€32,601 | -21.1% |
| Income taxes | 67/77 | €9,983 | €19,950 | +€9,967 | +99.8% |
| Profit (loss) for the period | 9904 | €144,796 | €102,228 | -€42,568 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €144,796 | €102,228 | -€42,568 | -29.4% |
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 13 October 2026 via checked.be.