VIKING CONSTRUCTION & ENGINEERING: 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 CONSTRUCTION & ENGINEERING
Largest movements
- Tangible fixed assets +€155,798
up €155,798 (+88.1%), from €176,754 to €332,552
of which Land and buildings: +€150,000
- Receivables within one year +€20,440
up €20,440 (+465.5%), from €4,391 to €24,831
of which Trade receivables: +€13,924
- Cash -€12,097
down €12,097 (-67.4%), from €17,935 to €5,838
mainly Investment in fixed assets (net) (-€206,018) and Net result for the year (-€26,951)
- Debts after one year +€164,545
new in 2025: €164,545
- Profit (loss) carried forward -€26,951
down €26,951, from €24,567 to -€2,384
- Other debts +€14,985
up €14,985 (+9.1%), from €165,000 to €179,985
- Current portion of long-term debt +€13,034
new in 2025: €13,034
- Trade debts +€4,790
up €4,790 (+1140.5%), from €420 to €5,210
- Gross operating margin -€34,856
down €34,856 (-41.5%), from €83,962 to €49,106
- Depreciation +€15,548
up €15,548 (+44.0%), from €35,308 to €50,856
- Taxes -€6,047
no longer reported in 2025 (was €6,047)
- Financial charges +€1,700
up €1,700 (+1478.3%), from €115 to €1,815
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 | €203,085 | €370,390 | +€167,305 | +82.4% |
| Formation expenses | 20 | €1,721 | €1,215 | -€506 | -29.4% |
| Fixed assets | 21/28 | €177,257 | €332,925 | +€155,668 | +87.8% |
| Intangible fixed assets | 21 | €503 | €373 | -€130 | -25.8% |
| Tangible fixed assets | 22/27 | €176,754 | €332,552 | +€155,798 | +88.1% |
| Land and buildings | 22 | - | €150,000 | +€150,000 | |
| Plant, machinery and equipment | 23 | €18,398 | €50,691 | +€32,293 | +175.5% |
| Furniture and vehicles | 24 | €158,356 | €131,861 | -€26,495 | -16.7% |
| Current assets | 29/58 | €24,107 | €36,250 | +€12,143 | +50.4% |
| Stocks and contracts in progress | 3 | - | €2,500 | +€2,500 | |
| Stocks | 30/36 | - | €2,500 | +€2,500 | |
| Amounts receivable within one year | 40/41 | €4,391 | €24,831 | +€20,440 | +465.5% |
| Trade receivables | 40 | €213 | €14,137 | +€13,924 | +6537.1% |
| Other amounts receivable | 41 | €4,178 | €10,694 | +€6,516 | +156.0% |
| Cash at bank and in hand | 54/58 | €17,935 | €5,838 | -€12,097 | -67.4% |
| Deferred charges and accrued income | 490/1 | €1,781 | €3,081 | +€1,300 | +73.0% |
| Total equity and liabilities | 10/49 | €203,085 | €370,390 | +€167,305 | +82.4% |
| Equity | 10/15 | €34,567 | €7,616 | -€26,951 | -78.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,567 | -€2,384 | -€26,951 | |
| Amounts payable | 17/49 | €168,518 | €362,774 | +€194,256 | +115.3% |
| Amounts payable after more than one year | 17 | - | €164,545 | +€164,545 | |
| Financial debts | 170/4 | - | €164,545 | +€164,545 | |
| Amounts payable within one year | 42/48 | €168,504 | €198,229 | +€29,725 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | - | €13,034 | +€13,034 | |
| Trade debts | 44 | €420 | €5,210 | +€4,790 | +1140.5% |
| Suppliers | 440/4 | €420 | €5,210 | +€4,790 | +1140.5% |
| Taxes, remuneration and social security | 45 | €3,084 | - | -€3,084 | |
| Taxes | 450/3 | €3,084 | - | -€3,084 | |
| Other amounts payable | 47/48 | €165,000 | €179,985 | +€14,985 | +9.1% |
| Accrued charges and deferred income | 492/3 | €14 | - | -€14 | |
| Remuneration, social security and pensions | 62 | €564 | €581 | +€17 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,308 | €50,856 | +€15,548 | +44.0% |
| Other operating charges | 640/8 | €202 | €372 | +€170 | +84.2% |
| Non-recurring operating charges | 66A | - | €22,460 | +€22,460 | |
| Gross operating margin | 9900 | €83,962 | €49,106 | -€34,856 | -41.5% |
| Operating profit (loss) | 9901 | €47,888 | -€25,163 | -€73,051 | |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €115 | €1,815 | +€1,700 | +1478.3% |
| Recurring financial charges | 65 | €115 | €1,815 | +€1,700 | +1478.3% |
| Profit (loss) for the period before taxes | 9903 | €47,773 | -€26,951 | -€74,724 | |
| Income taxes | 67/77 | €6,047 | - | -€6,047 | |
| Profit (loss) for the period | 9904 | €41,726 | -€26,951 | -€68,677 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,726 | -€26,951 | -€68,677 |
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.