VIKTUUR: 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.
VIKTUUR
Largest movements
- Cash +€68,548
up €68,548 (+39.5%), from €173,715 to €242,263
mainly Net result for the year (+€75,153) and Tax, wage and social debts (+€18,739)
- Receivables within one year +€28,792
up €28,792 (+107%), from €26,881 to €55,672
of which Other amounts receivable: +€28,730
- Tangible fixed assets -€10,422
down €10,422 (-18.7%), from €55,707 to €45,285
of which Furniture and vehicles: -€12,980
- Reserves +€75,153
up €75,153 (+50.1%), from €149,862 to €225,016
- Tax, wage and social debts +€18,739
up €18,739 (+36.8%), from €50,879 to €69,618
of which Taxes: +€18,739
- Debts after one year -€10,505
down €10,505 (-31.1%), from €33,755 to €23,249
- Gross operating margin +€2,125
up €2,125 (+1.8%), from €115,211 to €117,336
- Taxes -€1,834
down €1,834 (-7.0%), from €26,088 to €24,254
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.
Derived cash bridge
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 | €256,303 | €343,220 | +€86,918 | +33.9% |
| Fixed assets | 21/28 | €55,707 | €45,285 | -€10,422 | -18.7% |
| Tangible fixed assets | 22/27 | €55,707 | €45,285 | -€10,422 | -18.7% |
| Plant, machinery and equipment | 23 | €3,170 | €6,765 | +€3,595 | +113% |
| Furniture and vehicles | 24 | €48,126 | €35,146 | -€12,980 | -27.0% |
| Other tangible fixed assets | 26 | €4,411 | €3,374 | -€1,037 | -23.5% |
| Current assets | 29/58 | €200,596 | €297,935 | +€97,340 | +48.5% |
| Amounts receivable within one year | 40/41 | €26,881 | €55,672 | +€28,792 | +107% |
| Trade receivables | 40 | €26,276 | €26,338 | +€62 | +0.2% |
| Other amounts receivable | 41 | €604 | €29,334 | +€28,730 | +4,756% |
| Cash at bank and in hand | 54/58 | €173,715 | €242,263 | +€68,548 | +39.5% |
| Total equity and liabilities | 10/49 | €256,303 | €343,220 | +€86,918 | +33.9% |
| Equity | 10/15 | €154,862 | €230,016 | +€75,153 | +48.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €149,862 | €225,016 | +€75,153 | +50.1% |
| Distributable reserves | 133 | €149,862 | €225,016 | +€75,153 | +50.1% |
| Amounts payable | 17/49 | €101,440 | €113,204 | +€11,764 | +11.6% |
| Amounts payable after more than one year | 17 | €33,755 | €23,249 | -€10,505 | -31.1% |
| Financial debts | 170/4 | €33,755 | €23,249 | -€10,505 | -31.1% |
| Amounts payable within one year | 42/48 | €67,686 | €89,955 | +€22,270 | +32.9% |
| Current portion of amounts payable after more than one year | 42 | €10,103 | €10,505 | +€402 | +4.0% |
| Trade debts | 44 | €6,703 | €9,832 | +€3,128 | +46.7% |
| Suppliers | 440/4 | €6,703 | €9,832 | +€3,128 | +46.7% |
| Taxes, remuneration and social security | 45 | €50,879 | €69,618 | +€18,739 | +36.8% |
| Taxes | 450/3 | €48,629 | €67,368 | +€18,739 | +38.5% |
| Remuneration and social security | 454/9 | €2,250 | €2,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,949 | €15,297 | +€347 | +2.3% |
| Other operating charges | 640/8 | €750 | €541 | -€208 | -27.8% |
| Non-recurring operating charges | 66A | €9,484 | - | -€9,484 | |
| Gross operating margin | 9900 | €115,211 | €117,336 | +€2,125 | +1.8% |
| Operating profit (loss) | 9901 | €90,027 | €101,498 | +€11,470 | +12.7% |
| Financial charges | 65/66B | €1,938 | €2,090 | +€152 | +7.8% |
| Recurring financial charges | 65 | €1,938 | €2,090 | +€152 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €88,089 | €99,408 | +€11,319 | +12.8% |
| Income taxes | 67/77 | €26,088 | €24,254 | -€1,834 | -7.0% |
| Profit (loss) for the period | 9904 | €62,001 | €75,153 | +€13,153 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €62,001 | €75,153 | +€13,153 | +21.2% |
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 29 October 2026 via checked.be.