VIKTORIENTJE: 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.
VIKTORIENTJE
Largest movements
- Stocks and contracts -€19,602
down €19,602 (-4.7%), from €414,230 to €394,628
- Receivables within one year +€7,187
up €7,187 (+167.6%), from €4,289 to €11,475
of which Trade receivables: +€8,329
- Deferred charges and accrued income +€6,694
up €6,694 (+43.7%), from €15,312 to €22,006
- Short-term financial debts +€25,000
up €25,000 (+20.0%), from €125,000 to €150,000
- Debts after one year -€22,364
down €22,364 (-39.8%), from €56,149 to €33,785
- Trade debts -€6,453
down €6,453 (-7.2%), from €89,615 to €83,162
- Gross operating margin -€3,502
down €3,502 (-5.6%), from €63,059 to €59,557
- Staff costs -€3,057
down €3,057 (-6.2%), from €49,287 to €46,230
- Depreciation -€1,526
down €1,526 (-36.6%), from €4,172 to €2,646
- Other operating charges +€1,266
up €1,266 (+72.0%), from €1,758 to €3,024
- Financial income -€659
down €659 (-22.4%), from €2,948 to €2,289
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 | €467,143 | €461,800 | -€5,343 | -1.1% |
| Fixed assets | 21/28 | €6,032 | €3,387 | -€2,646 | -43.9% |
| Tangible fixed assets | 22/27 | €5,832 | €3,187 | -€2,646 | -45.4% |
| Plant, machinery and equipment | 23 | €5,683 | €3,112 | -€2,571 | -45.2% |
| Other tangible fixed assets | 26 | €149 | €75 | -€75 | -50.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €461,111 | €458,414 | -€2,697 | -0.6% |
| Stocks and contracts in progress | 3 | €414,230 | €394,628 | -€19,602 | -4.7% |
| Stocks | 30/36 | €414,230 | €394,628 | -€19,602 | -4.7% |
| Amounts receivable within one year | 40/41 | €4,289 | €11,475 | +€7,187 | +167.6% |
| Trade receivables | 40 | €288 | €8,617 | +€8,329 | +2889.0% |
| Other amounts receivable | 41 | €4,000 | €2,858 | -€1,142 | -28.6% |
| Cash at bank and in hand | 54/58 | €27,279 | €30,303 | +€3,024 | +11.1% |
| Deferred charges and accrued income | 490/1 | €15,312 | €22,006 | +€6,694 | +43.7% |
| Total equity and liabilities | 10/49 | €467,143 | €461,800 | -€5,343 | -1.1% |
| Equity | 10/15 | €82,219 | €83,325 | +€1,105 | +1.3% |
| Contributions | 10/11 | €40,440 | €40,440 | = | 0.0% |
| Reserves | 13 | €24,979 | €24,979 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,500 | €23,500 | = | 0.0% |
| Distributable reserves | 133 | €1,479 | €1,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,801 | €17,906 | +€1,105 | +6.6% |
| Amounts payable | 17/49 | €384,924 | €378,476 | -€6,448 | -1.7% |
| Amounts payable after more than one year | 17 | €56,149 | €33,785 | -€22,364 | -39.8% |
| Financial debts | 170/4 | €56,149 | €33,785 | -€22,364 | -39.8% |
| Amounts payable within one year | 42/48 | €328,775 | €344,690 | +€15,916 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €21,207 | €22,364 | +€1,157 | +5.5% |
| Financial debts | 43 | €125,000 | €150,000 | +€25,000 | +20.0% |
| Credit institutions | 430/8 | €125,000 | €150,000 | +€25,000 | +20.0% |
| Trade debts | 44 | €89,615 | €83,162 | -€6,453 | -7.2% |
| Suppliers | 440/4 | €89,615 | €83,162 | -€6,453 | -7.2% |
| Taxes, remuneration and social security | 45 | €5,351 | €5,645 | +€293 | +5.5% |
| Taxes | 450/3 | €463 | €487 | +€24 | +5.2% |
| Remuneration and social security | 454/9 | €4,888 | €5,158 | +€269 | +5.5% |
| Other amounts payable | 47/48 | €87,601 | €83,520 | -€4,081 | -4.7% |
| Remuneration, social security and pensions | 62 | €49,287 | €46,230 | -€3,057 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,172 | €2,646 | -€1,526 | -36.6% |
| Other operating charges | 640/8 | €1,758 | €3,024 | +€1,266 | +72.0% |
| Gross operating margin | 9900 | €63,059 | €59,557 | -€3,502 | -5.6% |
| Operating profit (loss) | 9901 | €7,842 | €7,658 | -€184 | -2.3% |
| Financial income | 75/76B | €2,948 | €2,289 | -€659 | -22.4% |
| Recurring financial income | 75 | €2,948 | €2,289 | -€659 | -22.4% |
| Financial charges | 65/66B | €8,937 | €8,593 | -€343 | -3.8% |
| Recurring financial charges | 65 | €8,937 | €8,593 | -€343 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €1,854 | €1,354 | -€500 | -27.0% |
| Income taxes | 67/77 | €238 | €249 | +€10 | +4.3% |
| Profit (loss) for the period | 9904 | €1,615 | €1,105 | -€510 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,615 | €1,105 | -€510 | -31.6% |
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 7 October 2026 via checked.be.