VIKI: 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.
VIKI
Largest movements
- Receivables within one year -€582,290
down €582,290 (-56.6%), from €1.0m to €446,582
of which Trade receivables: -€652,465
- Stocks and contracts +€266,794
up €266,794 (+17.5%), from €1.5m to €1.8m
- Cash +€57,936
up €57,936 (+959%), from €6,040 to €63,976
mainly Receivables within one year (+€582,290) and Debts after one year (+€442,605)
- Debts after one year +€442,605
up €442,605 (+105%), from €422,721 to €865,326
- Current portion of long-term debt -€437,456
down €437,456 (-43.4%), from €1.0m to €569,808
- Trade debts -€279,529
down €279,529 (-65.1%), from €429,347 to €149,817
of which Suppliers: -€279,902
- Tax, wage and social debts +€48,565
up €48,565 (+1,433%), from €3,389 to €51,954
- Other debts -€40,113
down €40,113 (-91.3%), from €43,928 to €3,815
- Gross operating margin +€29,460
up €29,460 (+38.5%), from €76,428 to €105,888
- Financial charges -€13,596
down €13,596 (-24.0%), from €56,765 to €43,169
- Financial income -€5,138
down €5,138 (-98.5%), from €5,217 to €80
- Other operating charges -€1,084
down €1,084 (-38.0%), from €2,854 to €1,770
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 | €2,568,333 | €2,305,904 | -€262,429 | -10.2% |
| Fixed assets | 21/28 | €902 | €7,299 | +€6,397 | +709% |
| Tangible fixed assets | 22/27 | €902 | €7,299 | +€6,397 | +709% |
| Furniture and vehicles | 24 | €902 | €7,299 | +€6,397 | +709% |
| Current assets | 29/58 | €2,567,431 | €2,298,605 | -€268,826 | -10.5% |
| Stocks and contracts in progress | 3 | €1,520,597 | €1,787,391 | +€266,794 | +17.5% |
| Contracts in progress | 37 | €1,520,597 | €1,787,391 | +€266,794 | +17.5% |
| Amounts receivable within one year | 40/41 | €1,028,872 | €446,582 | -€582,290 | -56.6% |
| Trade receivables | 40 | €675,122 | €22,658 | -€652,465 | -96.6% |
| Other amounts receivable | 41 | €353,750 | €423,924 | +€70,175 | +19.8% |
| Cash at bank and in hand | 54/58 | €6,040 | €63,976 | +€57,936 | +959% |
| Deferred charges and accrued income | 490/1 | €11,922 | €656 | -€11,266 | -94.5% |
| Total equity and liabilities | 10/49 | €2,568,333 | €2,305,904 | -€262,429 | -10.2% |
| Equity | 10/15 | €658,463 | €663,137 | +€4,674 | +0.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €61,793 | €61,793 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,679 | €49,679 | = | 0.0% |
| Distributable reserves | 133 | €5,914 | €5,914 | = | 0.0% |
| Profit (loss) carried forward | 14 | €534,671 | €539,345 | +€4,674 | +0.9% |
| Amounts payable | 17/49 | €1,909,870 | €1,642,767 | -€267,103 | -14.0% |
| Amounts payable after more than one year | 17 | €422,721 | €865,326 | +€442,605 | +105% |
| Financial debts | 170/4 | €422,721 | €865,326 | +€442,605 | +105% |
| Amounts payable within one year | 42/48 | €1,486,052 | €777,441 | -€708,612 | -47.7% |
| Current portion of amounts payable after more than one year | 42 | €1,007,264 | €569,808 | -€437,456 | -43.4% |
| Trade debts | 44 | €429,347 | €149,817 | -€279,529 | -65.1% |
| Suppliers | 440/4 | €429,347 | €149,445 | -€279,902 | -65.2% |
| Bills of exchange payable | 441 | - | €373 | +€373 | |
| Advances received on contracts in progress | 46 | €2,124 | €2,046 | -€79 | -3.7% |
| Taxes, remuneration and social security | 45 | €3,389 | €51,954 | +€48,565 | +1,433% |
| Taxes | 450/3 | €3,389 | €51,954 | +€48,565 | +1,433% |
| Other amounts payable | 47/48 | €43,928 | €3,815 | -€40,113 | -91.3% |
| Accrued charges and deferred income | 492/3 | €1,097 | - | -€1,097 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €501 | €1,263 | +€762 | +152% |
| Other operating charges | 640/8 | €2,854 | €1,770 | -€1,084 | -38.0% |
| Non-recurring operating charges | 66A | €2,165 | €54,661 | +€52,496 | +2,425% |
| Gross operating margin | 9900 | €76,428 | €105,888 | +€29,460 | +38.5% |
| Operating profit (loss) | 9901 | €70,907 | €48,193 | -€22,714 | -32.0% |
| Financial income | 75/76B | €5,217 | €80 | -€5,138 | -98.5% |
| Recurring financial income | 75 | €5,217 | €80 | -€5,138 | -98.5% |
| Financial charges | 65/66B | €56,765 | €43,169 | -€13,596 | -24.0% |
| Recurring financial charges | 65 | €56,765 | €43,169 | -€13,596 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €19,360 | €5,104 | -€14,256 | -73.6% |
| Income taxes | 67/77 | €443 | €430 | -€13 | -3.0% |
| Profit (loss) for the period | 9904 | €18,916 | €4,674 | -€14,242 | -75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,916 | €4,674 | -€14,242 | -75.3% |
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 14 October 2026 via checked.be.