VIKTORIA: 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.
VIKTORIA
Largest movements
- Tangible fixed assets -€9,246
down €9,246 (-21.5%), from €42,929 to €33,683
of which Land and buildings: -€36,650
- Deferred charges and accrued income -€6,648
down €6,648 (-97.1%), from €6,848 to €200
- Cash -€1,945
down €1,945 (-97.9%), from €1,986 to €41
mainly Net result for the year (-€17,546) and Investment in fixed assets (net) (-€1,436)
- Receivables within one year +€1,166
up €1,166 (+18.0%), from €6,463 to €7,629
- Profit (loss) carried forward -€17,546
down €17,546 (-10036.1%), from -€175 to -€17,721
- Trade debts +€873
up €873 (+423.5%), from €206 to €1,079
- Depreciation -€4,765
down €4,765 (-30.8%), from €15,446 to €10,682
- Gross operating margin -€2,827
down €2,827 (-92.8%), from -€3,045 to -€5,871
- Financial income -€379
no longer reported in 2025 (was €379)
- Taxes +€173
new in 2025: €173
- Financial charges +€165
up €165 (+236.0%), from €70 to €235
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 | €58,226 | €41,553 | -€16,673 | -28.6% |
| Fixed assets | 21/28 | €42,929 | €33,683 | -€9,246 | -21.5% |
| Tangible fixed assets | 22/27 | €42,929 | €33,683 | -€9,246 | -21.5% |
| Land and buildings | 22 | €36,650 | - | -€36,650 | |
| Furniture and vehicles | 24 | €6,279 | €3,679 | -€2,600 | -41.4% |
| Other tangible fixed assets | 26 | - | €30,004 | +€30,004 | |
| Current assets | 29/58 | €15,297 | €7,870 | -€7,428 | -48.6% |
| Amounts receivable within one year | 40/41 | €6,463 | €7,629 | +€1,166 | +18.0% |
| Other amounts receivable | 41 | €6,463 | €7,629 | +€1,166 | +18.0% |
| Cash at bank and in hand | 54/58 | €1,986 | €41 | -€1,945 | -97.9% |
| Deferred charges and accrued income | 490/1 | €6,848 | €200 | -€6,648 | -97.1% |
| Total equity and liabilities | 10/49 | €58,226 | €41,553 | -€16,673 | -28.6% |
| Equity | 10/15 | €58,020 | €40,474 | -€17,546 | -30.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | - | €12,400 | +€12,400 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €45,795 | €45,795 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €753 | €753 | = | 0.0% |
| Distributable reserves | 133 | €43,182 | €43,182 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175 | -€17,721 | -€17,546 | -10036.1% |
| Amounts payable | 17/49 | €206 | €1,079 | +€873 | +423.5% |
| Amounts payable within one year | 42/48 | €206 | €1,079 | +€873 | +423.5% |
| Trade debts | 44 | €206 | €1,079 | +€873 | +423.5% |
| Suppliers | 440/4 | €206 | €1,079 | +€873 | +423.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,446 | €10,682 | -€4,765 | -30.8% |
| Other operating charges | 640/8 | €689 | €585 | -€104 | -15.0% |
| Gross operating margin | 9900 | -€3,045 | -€5,871 | -€2,827 | -92.8% |
| Operating profit (loss) | 9901 | -€19,180 | -€17,138 | +€2,042 | +10.6% |
| Financial income | 75/76B | €379 | - | -€379 | |
| Recurring financial income | 75 | €379 | - | -€379 | |
| Financial charges | 65/66B | €70 | €235 | +€165 | +236.0% |
| Recurring financial charges | 65 | €70 | €235 | +€165 | +236.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,871 | -€17,373 | +€1,498 | +7.9% |
| Income taxes | 67/77 | - | €173 | +€173 | |
| Profit (loss) for the period | 9904 | -€18,871 | -€17,546 | +€1,325 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,871 | -€17,546 | +€1,325 | +7.0% |
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 12 October 2026 via checked.be.