VIKING WELD: 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 WELD
Largest movements
- Cash -€182,445
down €182,445 (-49.0%), from €372,298 to €189,853
mainly Other debts (-€199,815) and Receivables within one year (-€90,280)
- Receivables within one year +€90,280
up €90,280 (+146.9%), from €61,474 to €151,754
of which Trade receivables: +€99,080
- Tangible fixed assets -€10,941
down €10,941 (-98.2%), from €11,142 to €201
- Other debts -€199,815
down €199,815 (-98.8%), from €202,184 to €2,369
- Profit (loss) carried forward +€78,770
up €78,770 (+48.6%), from €162,172 to €240,942
- Tax, wage and social debts +€17,703
up €17,703 (+1309.4%), from €1,352 to €19,055
- Gross operating margin +€62,779
up €62,779 (+119.2%), from €52,663 to €115,442
- Taxes +€15,289
up €15,289 (+135.8%), from €11,260 to €26,549
- Financial income -€2,632
down €2,632 (-63.9%), from €4,116 to €1,484
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 | €446,043 | €342,366 | -€103,677 | -23.2% |
| Fixed assets | 21/28 | €11,742 | €201 | -€11,541 | -98.3% |
| Tangible fixed assets | 22/27 | €11,142 | €201 | -€10,941 | -98.2% |
| Furniture and vehicles | 24 | €11,142 | €201 | -€10,941 | -98.2% |
| Financial fixed assets | 28 | €600 | - | -€600 | |
| Current assets | 29/58 | €434,301 | €342,165 | -€92,136 | -21.2% |
| Amounts receivable within one year | 40/41 | €61,474 | €151,754 | +€90,280 | +146.9% |
| Trade receivables | 40 | €52,674 | €151,754 | +€99,080 | +188.1% |
| Other amounts receivable | 41 | €8,800 | - | -€8,800 | |
| Cash at bank and in hand | 54/58 | €372,298 | €189,853 | -€182,445 | -49.0% |
| Deferred charges and accrued income | 490/1 | €529 | €558 | +€29 | +5.5% |
| Total equity and liabilities | 10/49 | €446,043 | €342,366 | -€103,677 | -23.2% |
| Equity | 10/15 | €242,172 | €320,942 | +€78,770 | +32.5% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €162,172 | €240,942 | +€78,770 | +48.6% |
| Amounts payable | 17/49 | €203,871 | €21,424 | -€182,447 | -89.5% |
| Amounts payable within one year | 42/48 | €203,871 | €21,424 | -€182,447 | -89.5% |
| Trade debts | 44 | €335 | - | -€335 | |
| Suppliers | 440/4 | €335 | - | -€335 | |
| Taxes, remuneration and social security | 45 | €1,352 | €19,055 | +€17,703 | +1309.4% |
| Taxes | 450/3 | €1,352 | €19,055 | +€17,703 | +1309.4% |
| Other amounts payable | 47/48 | €202,184 | €2,369 | -€199,815 | -98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,423 | €10,941 | -€482 | -4.2% |
| Gross operating margin | 9900 | €52,663 | €115,442 | +€62,779 | +119.2% |
| Operating profit (loss) | 9901 | €41,240 | €104,501 | +€63,261 | +153.4% |
| Financial income | 75/76B | €4,116 | €1,484 | -€2,632 | -63.9% |
| Recurring financial income | 75 | €4,116 | €1,484 | -€2,632 | -63.9% |
| Financial charges | 65/66B | €555 | €666 | +€111 | +20.0% |
| Recurring financial charges | 65 | €555 | €666 | +€111 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €44,801 | €105,319 | +€60,518 | +135.1% |
| Income taxes | 67/77 | €11,260 | €26,549 | +€15,289 | +135.8% |
| Profit (loss) for the period | 9904 | €33,541 | €78,770 | +€45,229 | +134.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,541 | €78,770 | +€45,229 | +134.8% |
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 6 October 2026 via checked.be.