VIM: 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.
VIM
Largest movements
- Tangible fixed assets +€39,432
up €39,432 (+122.0%), from €32,323 to €71,755
of which Land and buildings: +€39,673
- Cash -€17,101
down €17,101 (-57.7%), from €29,633 to €12,532
mainly Investment in fixed assets (net) (-€42,757) and Other debts (-€39,619)
- Reserves +€47,503
up €47,503 (+4401.5%), from €1,079 to €48,582
of which Distributable reserves: +€42,000
- Other debts -€39,619
down €39,619 (-31.8%), from €124,525 to €84,907
- Contributions +€25,820
up €25,820 (+33.6%), from €76,847 to €102,667
- Profit (loss) carried forward -€14,144
down €14,144 (-99.9%), from €14,151 to €7
- Financial charges -€1,790
down €1,790 (-23.7%), from €7,555 to €5,766
- Depreciation +€1,431
up €1,431 (+75.5%), from €1,895 to €3,325
- Other operating charges +€1,059
up €1,059 (+41.7%), from €2,542 to €3,601
- Gross operating margin -€994
down €994 (-8.7%), from €11,361 to €10,367
- Taxes -€274
down €274 (-100.0%), from €274 to €0
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 | €298,963 | €323,142 | +€24,179 | +8.1% |
| Fixed assets | 21/28 | €251,160 | €290,592 | +€39,432 | +15.7% |
| Tangible fixed assets | 22/27 | €32,323 | €71,755 | +€39,432 | +122.0% |
| Land and buildings | 22 | €32,081 | €71,755 | +€39,673 | +123.7% |
| Other tangible fixed assets | 26 | €241 | €0 | -€241 | -100.0% |
| Financial fixed assets | 28 | €218,837 | €218,837 | = | 0.0% |
| Current assets | 29/58 | €47,803 | €32,549 | -€15,253 | -31.9% |
| Amounts receivable within one year | 40/41 | €18,169 | €20,017 | +€1,848 | +10.2% |
| Trade receivables | 40 | €0 | €263 | +€263 | |
| Other amounts receivable | 41 | €18,169 | €19,754 | +€1,585 | +8.7% |
| Cash at bank and in hand | 54/58 | €29,633 | €12,532 | -€17,101 | -57.7% |
| Total equity and liabilities | 10/49 | €298,963 | €323,142 | +€24,179 | +8.1% |
| Equity | 10/15 | €92,077 | €151,257 | +€59,180 | +64.3% |
| Contributions | 10/11 | €76,847 | €102,667 | +€25,820 | +33.6% |
| Capital | 10 | €76,847 | €102,667 | +€25,820 | +33.6% |
| Issued capital | 100 | €76,847 | €102,667 | +€25,820 | +33.6% |
| Reserves | 13 | €1,079 | €48,582 | +€47,503 | +4401.5% |
| Non-distributable reserves | 130/1 | €1,079 | €6,582 | +€5,503 | +509.9% |
| Legal reserve | 130 | €1,079 | €6,582 | +€5,503 | +509.9% |
| Distributable reserves | 133 | - | €42,000 | +€42,000 | |
| Profit (loss) carried forward | 14 | €14,151 | €7 | -€14,144 | -99.9% |
| Amounts payable | 17/49 | €206,886 | €171,885 | -€35,001 | -16.9% |
| Amounts payable after more than one year | 17 | €80,432 | €80,432 | = | 0.0% |
| Financial debts | 170/4 | €76,847 | €76,847 | = | 0.0% |
| Other amounts payable | 178/9 | €3,585 | €3,585 | = | 0.0% |
| Amounts payable within one year | 42/48 | €126,454 | €89,553 | -€36,901 | -29.2% |
| Trade debts | 44 | €1,706 | €4,424 | +€2,718 | +159.3% |
| Suppliers | 440/4 | €1,706 | €4,424 | +€2,718 | +159.3% |
| Taxes, remuneration and social security | 45 | €222 | €222 | = | 0.0% |
| Taxes | 450/3 | €222 | €222 | = | 0.0% |
| Other amounts payable | 47/48 | €124,525 | €84,907 | -€39,619 | -31.8% |
| Accrued charges and deferred income | 492/3 | €0 | €1,900 | +€1,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,895 | €3,325 | +€1,431 | +75.5% |
| Other operating charges | 640/8 | €2,542 | €3,601 | +€1,059 | +41.7% |
| Gross operating margin | 9900 | €11,361 | €10,367 | -€994 | -8.7% |
| Operating profit (loss) | 9901 | €6,924 | €3,440 | -€3,484 | -50.3% |
| Financial income | 75/76B | €1,654 | €1,689 | +€35 | +2.1% |
| Recurring financial income | 75 | €1,654 | €1,689 | +€35 | +2.1% |
| Financial charges | 65/66B | €7,555 | €5,766 | -€1,790 | -23.7% |
| Recurring financial charges | 65 | €7,555 | €5,766 | -€1,790 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €1,023 | -€637 | -€1,660 | |
| Income taxes | 67/77 | €274 | €0 | -€274 | -100.0% |
| Profit (loss) for the period | 9904 | €749 | -€637 | -€1,385 | |
| Profit (loss) for the period to be appropriated | 9905 | €749 | -€637 | -€1,385 |
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 28 September 2026 via checked.be.