VIKING: 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.
VIKING
Largest movements
- Tangible fixed assets +€460,932
up €460,932 (+48.2%), from €957,250 to €1.4m
of which Furniture and vehicles: +€425,397
- Receivables within one year -€101,886
down €101,886 (-14.6%), from €695,955 to €594,069
of which Trade receivables: -€207,977
- Cash -€86,153
down €86,153 (-5.5%), from €1.6m to €1.5m
mainly Investment in fixed assets (net) (-€628,140) and Contributions, distributions and other (-€372,639)
- Deferred charges and accrued income -€71,862
down €71,862 (-42.9%), from €167,332 to €95,470
- Other debts +€386,601
up €386,601, from €0 to €386,601
- Reserves -€126,545
down €126,545 (-3.8%), from €3.4m to €3.2m
of which Distributable reserves: -€126,545
- Staff costs +€69,397
up €69,397 (+20.2%), from €344,370 to €413,767
- Taxes -€49,565
down €49,565 (-34.7%), from €142,909 to €93,344
- Write-downs +€44,151
new in 2025: €44,151
- Depreciation +€34,792
up €34,792 (+26.3%), from €132,416 to €167,208
- Gross operating margin +€19,147
up €19,147 (+1.9%), from €996,397 to €1.0m
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 | €3,728,960 | €3,929,991 | +€201,031 | +5.4% |
| Fixed assets | 21/28 | €957,250 | €1,418,183 | +€460,932 | +48.2% |
| Tangible fixed assets | 22/27 | €957,250 | €1,418,183 | +€460,932 | +48.2% |
| Land and buildings | 22 | €572,950 | €595,630 | +€22,680 | +4.0% |
| Plant, machinery and equipment | 23 | €211,245 | €224,100 | +€12,855 | +6.1% |
| Furniture and vehicles | 24 | €173,055 | €598,452 | +€425,397 | +245.8% |
| Current assets | 29/58 | €2,771,710 | €2,511,808 | -€259,901 | -9.4% |
| Amounts receivable after more than one year | 29 | €350,000 | €350,000 | = | 0.0% |
| Other amounts receivable | 291 | €350,000 | €350,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €695,955 | €594,069 | -€101,886 | -14.6% |
| Trade receivables | 40 | €652,393 | €444,416 | -€207,977 | -31.9% |
| Other amounts receivable | 41 | €43,562 | €149,654 | +€106,091 | +243.5% |
| Cash at bank and in hand | 54/58 | €1,558,422 | €1,472,269 | -€86,153 | -5.5% |
| Deferred charges and accrued income | 490/1 | €167,332 | €95,470 | -€71,862 | -42.9% |
| Total equity and liabilities | 10/49 | €3,728,960 | €3,929,991 | +€201,031 | +5.4% |
| Equity | 10/15 | €3,369,782 | €3,243,237 | -€126,545 | -3.8% |
| Contributions | 10/11 | €13,300 | €13,300 | = | 0.0% |
| Reserves | 13 | €3,356,482 | €3,229,937 | -€126,545 | -3.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €3,356,482 | €3,229,937 | -€126,545 | -3.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €359,178 | €686,754 | +€327,576 | +91.2% |
| Amounts payable within one year | 42/48 | €348,568 | €686,754 | +€338,186 | +97.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €254,040 | €234,341 | -€19,699 | -7.8% |
| Suppliers | 440/4 | €254,040 | €234,341 | -€19,699 | -7.8% |
| Taxes, remuneration and social security | 45 | €94,528 | €65,812 | -€28,716 | -30.4% |
| Taxes | 450/3 | €64,499 | €32,195 | -€32,304 | -50.1% |
| Remuneration and social security | 454/9 | €30,029 | €33,617 | +€3,588 | +11.9% |
| Other amounts payable | 47/48 | €0 | €386,601 | +€386,601 | |
| Accrued charges and deferred income | 492/3 | €10,610 | €0 | -€10,610 | -100.0% |
| Non-recurring operating income | 76A | - | €75,000 | +€75,000 | |
| Remuneration, social security and pensions | 62 | €344,370 | €413,767 | +€69,397 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,416 | €167,208 | +€34,792 | +26.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €44,151 | +€44,151 | |
| Other operating charges | 640/8 | €53,247 | €48,476 | -€4,771 | -9.0% |
| Gross operating margin | 9900 | €996,397 | €1,015,544 | +€19,147 | +1.9% |
| Operating profit (loss) | 9901 | €466,365 | €341,943 | -€124,422 | -26.7% |
| Financial income | 75/76B | €3,531 | €6,265 | +€2,734 | +77.4% |
| Recurring financial income | 75 | €3,531 | €6,265 | +€2,734 | +77.4% |
| Financial charges | 65/66B | €9,692 | €8,771 | -€921 | -9.5% |
| Recurring financial charges | 65 | €9,692 | €8,771 | -€921 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €460,205 | €339,438 | -€120,767 | -26.2% |
| Income taxes | 67/77 | €142,909 | €93,344 | -€49,565 | -34.7% |
| Profit (loss) for the period | 9904 | €317,295 | €246,094 | -€71,201 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €317,295 | €246,094 | -€71,201 | -22.4% |
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 8 October 2026 via checked.be.