Viman MD: 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.
Viman MD
Largest movements
- Receivables within one year -€193,177
down €193,177 (-99.4%), from €194,373 to €1,196
of which Trade receivables: -€193,177
- Deferred charges and accrued income +€185,042
up €185,042 (+4325.0%), from €4,278 to €189,321
- Cash +€26,020
up €26,020 (+313.3%), from €8,304 to €34,324
mainly Net result for the year (+€457,986) and Receivables within one year (+€193,177)
- Tangible fixed assets +€15,098
up €15,098 (+30.4%), from €49,594 to €64,692
of which Furniture and vehicles: +€13,845
- Other debts +€76,629
up €76,629 (+65.4%), from €117,134 to €193,763
- Reserves -€76,000
down €76,000 (-89.4%), from €85,000 to €9,000
- Tax, wage and social debts +€23,090
up €23,090 (+80.1%), from €28,809 to €51,899
- Trade debts +€8,259
up €8,259 (+184.7%), from €4,471 to €12,729
- Gross operating margin -€35,917
down €35,917 (-5.1%), from €706,502 to €670,585
- Taxes +€15,326
up €15,326 (+8.9%), from €171,409 to €186,736
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 | €256,550 | €289,533 | +€32,982 | +12.9% |
| Fixed assets | 21/28 | €49,594 | €64,692 | +€15,098 | +30.4% |
| Tangible fixed assets | 22/27 | €49,594 | €64,692 | +€15,098 | +30.4% |
| Plant, machinery and equipment | 23 | €9,333 | €10,585 | +€1,252 | +13.4% |
| Furniture and vehicles | 24 | €40,261 | €54,107 | +€13,845 | +34.4% |
| Current assets | 29/58 | €206,956 | €224,841 | +€17,885 | +8.6% |
| Amounts receivable within one year | 40/41 | €194,373 | €1,196 | -€193,177 | -99.4% |
| Trade receivables | 40 | €194,373 | €1,196 | -€193,177 | -99.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €8,304 | €34,324 | +€26,020 | +313.3% |
| Deferred charges and accrued income | 490/1 | €4,278 | €189,321 | +€185,042 | +4325.0% |
| Total equity and liabilities | 10/49 | €256,550 | €289,533 | +€32,982 | +12.9% |
| Equity | 10/15 | €104,784 | €30,952 | -€73,832 | -70.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,000 | €9,000 | -€76,000 | -89.4% |
| Distributable reserves | 133 | €85,000 | €9,000 | -€76,000 | -89.4% |
| Profit (loss) carried forward | 14 | €1,184 | €3,352 | +€2,168 | +183.0% |
| Amounts payable | 17/49 | €151,766 | €258,580 | +€106,814 | +70.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €151,766 | €258,580 | +€106,814 | +70.4% |
| Current portion of amounts payable after more than one year | 42 | €1,352 | €0 | -€1,352 | -100.0% |
| Financial debts | 43 | - | €189 | +€189 | |
| Credit institutions | 430/8 | - | €189 | +€189 | |
| Trade debts | 44 | €4,471 | €12,729 | +€8,259 | +184.7% |
| Suppliers | 440/4 | €4,471 | €12,729 | +€8,259 | +184.7% |
| Taxes, remuneration and social security | 45 | €28,809 | €51,899 | +€23,090 | +80.1% |
| Taxes | 450/3 | €28,809 | €51,899 | +€23,090 | +80.1% |
| Other amounts payable | 47/48 | €117,134 | €193,763 | +€76,629 | +65.4% |
| Non-recurring operating income | 76A | - | €12,759 | +€12,759 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,400 | €12,287 | -€5,113 | -29.4% |
| Other operating charges | 640/8 | €1,376 | €1,750 | +€374 | +27.2% |
| Non-recurring operating charges | 66A | €1,124 | €0 | -€1,124 | -100.0% |
| Gross operating margin | 9900 | €706,502 | €670,585 | -€35,917 | -5.1% |
| Operating profit (loss) | 9901 | €686,602 | €656,548 | -€30,054 | -4.4% |
| Financial income | 75/76B | €466 | €9 | -€457 | -98.1% |
| Recurring financial income | 75 | €466 | €9 | -€457 | -98.1% |
| Financial charges | 65/66B | €8,006 | €11,836 | +€3,829 | +47.8% |
| Recurring financial charges | 65 | €8,006 | €11,836 | +€3,829 | +47.8% |
| Profit (loss) for the period before taxes | 9903 | €679,062 | €644,721 | -€34,340 | -5.1% |
| Income taxes | 67/77 | €171,409 | €186,736 | +€15,326 | +8.9% |
| Profit (loss) for the period | 9904 | €507,652 | €457,986 | -€49,666 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €507,652 | €457,986 | -€49,666 | -9.8% |
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.