VIKTOR G.: 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.
VIKTOR G.
Largest movements
- Cash -€36,281
down €36,281 (-92.7%), from €39,153 to €2,873
mainly Net result for the year (-€29,891) and Trade debts (-€17,052)
- Receivables within one year -€11,106
down €11,106 (-6.6%), from €167,554 to €156,448
of which Trade receivables: -€11,791
- Deferred charges and accrued income +€4,008
up €4,008 (+1621.4%), from €247 to €4,255
- Tangible fixed assets -€2,596
down €2,596 (-56.9%), from €4,564 to €1,968
- Profit (loss) carried forward -€29,891
down €29,891, from €1,917 to -€27,974
- Trade debts -€17,052
down €17,052 (-70.8%), from €24,102 to €7,050
- Gross operating margin -€31,011
down €31,011, from €6,560 to -€24,451
- Taxes -€2,541
down €2,541 (-100.0%), from €2,541 to €0
- Financial charges +€1,337
up €1,337 (+467.6%), from €286 to €1,623
- Financial income -€438
down €438 (-78.4%), from €558 to €121
- Other operating charges +€431
up €431 (+47.3%), from €911 to €1,341
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 | €211,883 | €165,908 | -€45,975 | -21.7% |
| Fixed assets | 21/28 | €4,928 | €2,332 | -€2,596 | -52.7% |
| Tangible fixed assets | 22/27 | €4,564 | €1,968 | -€2,596 | -56.9% |
| Furniture and vehicles | 24 | €4,564 | €1,968 | -€2,596 | -56.9% |
| Financial fixed assets | 28 | €364 | €364 | = | 0.0% |
| Current assets | 29/58 | €206,954 | €163,576 | -€43,379 | -21.0% |
| Amounts receivable within one year | 40/41 | €167,554 | €156,448 | -€11,106 | -6.6% |
| Trade receivables | 40 | €147,920 | €136,129 | -€11,791 | -8.0% |
| Other amounts receivable | 41 | €19,634 | €20,318 | +€684 | +3.5% |
| Cash at bank and in hand | 54/58 | €39,153 | €2,873 | -€36,281 | -92.7% |
| Deferred charges and accrued income | 490/1 | €247 | €4,255 | +€4,008 | +1621.4% |
| Total equity and liabilities | 10/49 | €211,883 | €165,908 | -€45,975 | -21.7% |
| Equity | 10/15 | €187,780 | €157,889 | -€29,891 | -15.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €173,463 | €173,463 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €171,604 | €171,604 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,917 | -€27,974 | -€29,891 | |
| Amounts payable | 17/49 | €24,102 | €8,019 | -€16,084 | -66.7% |
| Amounts payable within one year | 42/48 | €24,102 | €8,019 | -€16,084 | -66.7% |
| Financial debts | 43 | - | €17 | +€17 | |
| Other loans | 439 | - | €17 | +€17 | |
| Trade debts | 44 | €24,102 | €7,050 | -€17,052 | -70.8% |
| Suppliers | 440/4 | €24,102 | €7,050 | -€17,052 | -70.8% |
| Taxes, remuneration and social security | 45 | €0 | €951 | +€951 | |
| Taxes | 450/3 | €0 | €951 | +€951 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,654 | €2,596 | -€58 | -2.2% |
| Other operating charges | 640/8 | €911 | €1,341 | +€431 | +47.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €6,560 | -€24,451 | -€31,011 | |
| Operating profit (loss) | 9901 | €2,996 | -€28,389 | -€31,384 | |
| Financial income | 75/76B | €558 | €121 | -€438 | -78.4% |
| Recurring financial income | 75 | €558 | €121 | -€438 | -78.4% |
| Financial charges | 65/66B | €286 | €1,623 | +€1,337 | +467.6% |
| Recurring financial charges | 65 | €286 | €1,623 | +€1,337 | +467.6% |
| Profit (loss) for the period before taxes | 9903 | €3,268 | -€29,891 | -€33,159 | |
| Income taxes | 67/77 | €2,541 | €0 | -€2,541 | -100.0% |
| Profit (loss) for the period | 9904 | €727 | -€29,891 | -€30,618 | |
| Profit (loss) for the period to be appropriated | 9905 | €727 | -€29,891 | -€30,618 |
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 1 October 2026 via checked.be.