VIKOR: 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.
VIKOR
Largest movements
- Tangible fixed assets +€14.9m
new in 2025: €14.9m
- Receivables after one year +€9.8m
new in 2025: €9.8m
- Receivables within one year +€665,398
up €665,398 (+652351.0%), from €102 to €665,500
- Contributions +€15.1m
up €15.1m (+75500.0%), from €20,000 to €15.1m
of which Capital: +€15.1m
- Debts after one year +€9.6m
new in 2025: €9.6m
- Current portion of long-term debt +€416,667
new in 2025: €416,667
- Gross operating margin +€493,433
up €493,433 (+934.8%), from €52,784 to €546,217
- Financial income +€282,137
up €282,137 (+104109.6%), from €271 to €282,408
- Financial charges +€256,149
up €256,149 (+451.2%), from €56,767 to €312,916
- Depreciation +€230,132
new in 2025: €230,132
- Taxes +€44,056
new in 2025: €44,056
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 | €1,802 | €25,340,769 | +€25.3m | +1406158.0% |
| Fixed assets | 21/28 | - | €14,869,868 | +€14.9m | |
| Tangible fixed assets | 22/27 | - | €14,869,868 | +€14.9m | |
| Land and buildings | 22 | - | €14,869,868 | +€14.9m | |
| Current assets | 29/58 | €1,802 | €10,470,901 | +€10.5m | +580971.1% |
| Amounts receivable after more than one year | 29 | - | €9,792,408 | +€9.8m | |
| Other amounts receivable | 291 | - | €9,792,408 | +€9.8m | |
| Amounts receivable within one year | 40/41 | €102 | €665,500 | +€665,398 | +652351.0% |
| Trade receivables | 40 | €102 | €665,500 | +€665,398 | +652351.0% |
| Cash at bank and in hand | 54/58 | €1,700 | €12,993 | +€11,293 | +664.3% |
| Total equity and liabilities | 10/49 | €1,802 | €25,340,769 | +€25.3m | +1406158.0% |
| Equity | 10/15 | -€99,460 | €15,240,935 | +€15.3m | |
| Contributions | 10/11 | €20,000 | €15,120,000 | +€15.1m | +75500.0% |
| Capital | 10 | - | €15,100,000 | +€15.1m | |
| Issued capital | 100 | - | €15,100,000 | +€15.1m | |
| Outside capital | 11 | - | €20,000 | +€20,000 | |
| Other | 1109/19 | - | €20,000 | +€20,000 | |
| Reserves | 13 | - | €6,047 | +€6,047 | |
| Non-distributable reserves | 130/1 | - | €6,047 | +€6,047 | |
| Legal reserve | 130 | - | €6,047 | +€6,047 | |
| Profit (loss) carried forward | 14 | -€119,460 | €114,888 | +€234,348 | |
| Amounts payable | 17/49 | €101,262 | €10,099,834 | +€10.0m | +9874.0% |
| Amounts payable after more than one year | 17 | - | €9,583,333 | +€9.6m | |
| Financial debts | 170/4 | - | €9,583,333 | +€9.6m | |
| Amounts payable within one year | 42/48 | €101,209 | €472,939 | +€371,730 | +367.3% |
| Current portion of amounts payable after more than one year | 42 | - | €416,667 | +€416,667 | |
| Taxes, remuneration and social security | 45 | - | €56,272 | +€56,272 | |
| Taxes | 450/3 | - | €56,272 | +€56,272 | |
| Other amounts payable | 47/48 | €101,209 | - | -€101,209 | |
| Accrued charges and deferred income | 492/3 | €53 | €43,562 | +€43,509 | +82092.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €230,132 | +€230,132 | |
| Other operating charges | 640/8 | €921 | €1,126 | +€205 | +22.3% |
| Gross operating margin | 9900 | €52,784 | €546,217 | +€493,433 | +934.8% |
| Operating profit (loss) | 9901 | €51,863 | €314,959 | +€263,096 | +507.3% |
| Financial income | 75/76B | €271 | €282,408 | +€282,137 | +104109.6% |
| Recurring financial income | 75 | €271 | €282,408 | +€282,137 | +104109.6% |
| Financial charges | 65/66B | €56,767 | €312,916 | +€256,149 | +451.2% |
| Recurring financial charges | 65 | €56,767 | €312,916 | +€256,149 | +451.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,633 | €284,451 | +€289,084 | |
| Income taxes | 67/77 | - | €44,056 | +€44,056 | |
| Profit (loss) for the period | 9904 | -€4,633 | €240,395 | +€245,028 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,633 | €240,395 | +€245,028 |
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 29 September 2026 via checked.be.