Viking Line: 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.
Viking Line
Largest movements
- Tangible fixed assets -€45,885
down €45,885 (-66.9%), from €68,549 to €22,665
of which Furniture and vehicles: -€44,870
- Receivables within one year +€40,499
up €40,499 (+158%), from €25,632 to €66,132
of which Trade receivables: +€20,528
- Stocks and contracts -€23,500
down €23,500 (-100%), from €23,500 to €0
- Financial fixed assets -€10,500
down €10,500 (-88.3%), from €11,891 to €1,391
- Deferred charges and accrued income -€9,640
down €9,640 (-100%), from €9,640 to €0
- Trade debts +€26,958
up €26,958 (+383%), from €7,046 to €34,004
- Profit (loss) carried forward -€25,210
new in 2025: -€25,210
- Accrued charges and deferred income -€20,697
down €20,697 (-41.3%), from €50,089 to €29,391
- Other debts -€19,349
down €19,349 (-100%), from €19,349 to €0
- Debts after one year -€8,725
down €8,725 (-31.1%), from €28,077 to €19,352
- Other operating charges +€25,726
up €25,726 (+732%), from €3,515 to €29,241
- Depreciation -€14,466
down €14,466 (-80.0%), from €18,085 to €3,619
- Staff costs -€2,027
down €2,027 (-56.6%), from €3,584 to €1,557
- Financial charges +€137
up €137 (+7.0%), from €1,963 to €2,100
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 | €146,646 | €100,821 | -€45,825 | -31.2% |
| Fixed assets | 21/28 | €80,441 | €24,056 | -€56,385 | -70.1% |
| Tangible fixed assets | 22/27 | €68,549 | €22,665 | -€45,885 | -66.9% |
| Plant, machinery and equipment | 23 | €1,449 | €434 | -€1,015 | -70.1% |
| Furniture and vehicles | 24 | €67,101 | €22,231 | -€44,870 | -66.9% |
| Financial fixed assets | 28 | €11,891 | €1,391 | -€10,500 | -88.3% |
| Current assets | 29/58 | €66,205 | €76,764 | +€10,559 | +15.9% |
| Stocks and contracts in progress | 3 | €23,500 | €0 | -€23,500 | -100% |
| Stocks | 30/36 | €23,500 | €0 | -€23,500 | -100% |
| Amounts receivable within one year | 40/41 | €25,632 | €66,132 | +€40,499 | +158% |
| Trade receivables | 40 | €7,172 | €27,701 | +€20,528 | +286% |
| Other amounts receivable | 41 | €18,460 | €38,431 | +€19,971 | +108% |
| Cash at bank and in hand | 54/58 | €7,433 | €10,633 | +€3,200 | +43.0% |
| Deferred charges and accrued income | 490/1 | €9,640 | €0 | -€9,640 | -100% |
| Total equity and liabilities | 10/49 | €146,646 | €100,821 | -€45,825 | -31.2% |
| Equity | 10/15 | €35,111 | €9,901 | -€25,210 | -71.8% |
| Contributions | 10/11 | €16,700 | €16,700 | = | 0.0% |
| Reserves | 13 | €18,411 | €18,411 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €16,551 | €16,551 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€25,210 | -€25,210 | |
| Amounts payable | 17/49 | €111,535 | €90,919 | -€20,615 | -18.5% |
| Amounts payable after more than one year | 17 | €28,077 | €19,352 | -€8,725 | -31.1% |
| Financial debts | 170/4 | €28,077 | €19,352 | -€8,725 | -31.1% |
| Amounts payable within one year | 42/48 | €33,369 | €42,176 | +€8,807 | +26.4% |
| Current portion of amounts payable after more than one year | 42 | €1,946 | €1,946 | = | 0.0% |
| Financial debts | 43 | €2,428 | €0 | -€2,428 | -100% |
| Credit institutions | 430/8 | €2,428 | €0 | -€2,428 | -100% |
| Trade debts | 44 | €7,046 | €34,004 | +€26,958 | +383% |
| Suppliers | 440/4 | €7,046 | €34,004 | +€26,958 | +383% |
| Taxes, remuneration and social security | 45 | €2,600 | €6,226 | +€3,626 | +139% |
| Taxes | 450/3 | €2,600 | €1,679 | -€921 | -35.4% |
| Remuneration and social security | 454/9 | €0 | €4,547 | +€4,547 | |
| Other amounts payable | 47/48 | €19,349 | €0 | -€19,349 | -100% |
| Accrued charges and deferred income | 492/3 | €50,089 | €29,391 | -€20,697 | -41.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €3,584 | €1,557 | -€2,027 | -56.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,085 | €3,619 | -€14,466 | -80.0% |
| Other operating charges | 640/8 | €3,515 | €29,241 | +€25,726 | +732% |
| Gross operating margin | 9900 | €11,403 | €11,307 | -€96 | -0.8% |
| Operating profit (loss) | 9901 | -€13,781 | -€23,110 | -€9,329 | -67.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1,000% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1,000% |
| Financial charges | 65/66B | €1,963 | €2,100 | +€137 | +7.0% |
| Recurring financial charges | 65 | €1,963 | €2,100 | +€137 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,745 | -€25,210 | -€9,466 | -60.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€15,745 | -€25,210 | -€9,466 | -60.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,745 | -€25,210 | -€9,466 | -60.1% |
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 19 October 2026 via checked.be.