VIKING HOLDING: 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.
What changed
VIKING HOLDING
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €3.6m-€2.4m
Equity
€39.6m
2024 · €38.2m+€1.3m
Cash
€145,860
2024 · €110,218+€35,641
Balance sheet total
€42.5m
2024 · €40.9m+€1.6m
Largest movements
Assets
- Receivables after one year +€756,635
up €756,635 (+688%), from €110,000 to €866,635
- Stocks and contracts +€735,529
up €735,529 (+27.6%), from €2.7m to €3.4m
Equity and liabilities
- Reserves +€1.1m
up €1.1m (+11.8%), from €9.4m to €10.5m
- Short-term financial debts +€713,998
up €713,998 (+36.9%), from €1.9m to €2.6m
Income statement
- Financial income -€2.2m
down €2.2m (-57.8%), from €3.8m to €1.6m
- Gross operating margin -€235,061
down €235,061, from €111,798 to -€123,263
- Taxes -€39,410
down €39,410 (-25.8%), from €152,940 to €113,530
- Financial charges +€34,083
up €34,083 (+25.9%), from €131,492 to €165,575
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.
Result 2024
€3.6m
Gross operating margin
-€235,061
Depreciation
-€222
Other operating charges
-€763
Other operating items
-€19,847
Financial income
-€2.2m
Financial charges
-€34,083
Taxes
+€39,410
Result 2025
€1.1m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€748,533
Investment
-€170,372
Financing
+€954,546
Cash 2024
€110,218
From operations (derived)
-€748,533
Net result for the year
+€1.1m
Depreciation
+€71,849
Receivables after one year
-€756,635
Stocks and contracts
-€735,529
Receivables within one year
-€9,867
Deferred charges and accrued income
+€35,022
Trade debts
-€408,108
Tax, wage and social debts
-€47,698
Other debts
-€7,947
Accrued charges and deferred income
+€2,052
Investment (derived)
-€170,372
Investment in fixed assets (net)
-€248,948
Current investments
+€78,576
Financing
+€954,546
Short-term financial debts
+€713,998
Contributions, distributions and other
+€240,548
Cash 2025
€145,860
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,905,488 | €42,506,661 | +€1.6m | +3.9% |
| Fixed assets | 21/28 | €30,594,969 | €30,772,067 | +€177,099 | +0.6% |
| Tangible fixed assets | 22/27 | €1,975,684 | €1,906,834 | -€68,849 | -3.5% |
| Land and buildings | 22 | €1,817,226 | €1,784,293 | -€32,932 | -1.8% |
| Plant, machinery and equipment | 23 | €17,702 | €17,530 | -€172 | -1.0% |
| Furniture and vehicles | 24 | €106,223 | €70,695 | -€35,528 | -33.4% |
| Other tangible fixed assets | 26 | €34,533 | €34,317 | -€216 | -0.6% |
| Financial fixed assets | 28 | €28,619,285 | €28,865,233 | +€245,948 | +0.9% |
| Current assets | 29/58 | €10,310,519 | €11,734,594 | +€1.4m | +13.8% |
| Amounts receivable after more than one year | 29 | €110,000 | €866,635 | +€756,635 | +688% |
| Other amounts receivable | 291 | €110,000 | €866,635 | +€756,635 | +688% |
| Stocks and contracts in progress | 3 | €2,661,538 | €3,397,067 | +€735,529 | +27.6% |
| Stocks | 30/36 | €2,661,538 | €3,397,067 | +€735,529 | +27.6% |
| Amounts receivable within one year | 40/41 | €91,733 | €101,600 | +€9,867 | +10.8% |
| Trade receivables | 40 | €2,850 | €2,850 | = | 0.0% |
| Other amounts receivable | 41 | €88,883 | €98,750 | +€9,867 | +11.1% |
| Current investments | 50/53 | €7,291,045 | €7,212,469 | -€78,576 | -1.1% |
| Cash at bank and in hand | 54/58 | €110,218 | €145,860 | +€35,641 | +32.3% |
| Deferred charges and accrued income | 490/1 | €45,985 | €10,963 | -€35,022 | -76.2% |
| Total equity and liabilities | 10/49 | €40,905,488 | €42,506,661 | +€1.6m | +3.9% |
| Equity | 10/15 | €38,207,283 | €39,556,159 | +€1.3m | +3.5% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Revaluation surpluses | 12 | €25,061,419 | €25,301,967 | +€240,548 | +1.0% |
| Reserves | 13 | €9,413,519 | €10,521,847 | +€1.1m | +11.8% |
| Distributable reserves | 133 | €9,413,519 | €10,521,847 | +€1.1m | +11.8% |
| Profit (loss) carried forward | 14 | €3,592,345 | €3,592,345 | = | 0.0% |
| Amounts payable | 17/49 | €2,698,205 | €2,950,502 | +€252,297 | +9.4% |
| Amounts payable within one year | 42/48 | €2,694,596 | €2,944,841 | +€250,245 | +9.3% |
| Financial debts | 43 | €1,932,721 | €2,646,718 | +€713,998 | +36.9% |
| Credit institutions | 430/8 | €1,932,721 | €2,646,718 | +€713,998 | +36.9% |
| Trade debts | 44 | €425,551 | €17,443 | -€408,108 | -95.9% |
| Suppliers | 440/4 | €425,551 | €17,443 | -€408,108 | -95.9% |
| Taxes, remuneration and social security | 45 | €314,168 | €266,470 | -€47,698 | -15.2% |
| Taxes | 450/3 | €314,168 | €266,470 | -€47,698 | -15.2% |
| Other amounts payable | 47/48 | €22,156 | €14,209 | -€7,947 | -35.9% |
| Accrued charges and deferred income | 492/3 | €3,609 | €5,661 | +€2,052 | +56.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,627 | €71,849 | +€222 | +0.3% |
| Other operating charges | 640/8 | €1,278 | €2,041 | +€763 | +59.7% |
| Non-recurring operating charges | 66A | - | €19,847 | +€19,847 | |
| Gross operating margin | 9900 | €111,798 | -€123,263 | -€235,061 | |
| Operating profit (loss) | 9901 | €38,893 | -€217,000 | -€255,893 | |
| Financial income | 75/76B | €3,800,238 | €1,604,433 | -€2.2m | -57.8% |
| Recurring financial income | 75 | €3,800,238 | €1,604,433 | -€2.2m | -57.8% |
| Financial charges | 65/66B | €131,492 | €165,575 | +€34,083 | +25.9% |
| Recurring financial charges | 65 | €131,492 | €165,575 | +€34,083 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | €3,707,639 | €1,221,858 | -€2.5m | -67.0% |
| Income taxes | 67/77 | €152,940 | €113,530 | -€39,410 | -25.8% |
| Profit (loss) for the period | 9904 | €3,554,699 | €1,108,328 | -€2.4m | -68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,554,699 | €1,108,328 | -€2.4m | -68.8% |
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 18 October 2026 via checked.be.