VIMANA: 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.
VIMANA
Largest movements
- Tangible fixed assets +€169,242
up €169,242 (+17.9%), from €945,442 to €1.1m
of which Land and buildings: +€187,628
- Current investments +€80,478
up €80,478 (+164.2%), from €49,000 to €129,477
- Cash -€45,670
down €45,670 (-32.7%), from €139,763 to €94,093
mainly Investment in fixed assets (net) (-€231,084) and Current investments (-€80,478)
- Receivables within one year +€25,487
up €25,487 (+113.0%), from €22,561 to €48,047
- Debts after one year +€120,082
up €120,082 (+19.2%), from €627,003 to €747,085
- Profit (loss) carried forward +€91,789
up €91,789 (+20.0%), from €458,101 to €549,890
- Gross operating margin -€41,916
down €41,916 (-20.5%), from €204,223 to €162,306
- Financial income +€40,644
up €40,644 (+406442200.0%), from €0 to €40,644
- Financial charges +€12,058
up €12,058 (+72.1%), from €16,735 to €28,793
- Taxes -€7,590
down €7,590 (-34.0%), from €22,342 to €14,752
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 | €1,192,632 | €1,420,446 | +€227,814 | +19.1% |
| Fixed assets | 21/28 | €975,192 | €1,144,434 | +€169,242 | +17.4% |
| Tangible fixed assets | 22/27 | €945,442 | €1,114,684 | +€169,242 | +17.9% |
| Land and buildings | 22 | €878,714 | €1,066,342 | +€187,628 | +21.4% |
| Furniture and vehicles | 24 | €4,328 | €18,436 | +€14,109 | +326.0% |
| Leasing and similar rights | 25 | €51,758 | €21,057 | -€30,700 | -59.3% |
| Other tangible fixed assets | 26 | €10,643 | €8,848 | -€1,795 | -16.9% |
| Financial fixed assets | 28 | €29,750 | €29,750 | = | 0.0% |
| Current assets | 29/58 | €217,440 | €276,012 | +€58,572 | +26.9% |
| Amounts receivable within one year | 40/41 | €22,561 | €48,047 | +€25,487 | +113.0% |
| Other amounts receivable | 41 | €22,561 | €48,047 | +€25,487 | +113.0% |
| Current investments | 50/53 | €49,000 | €129,477 | +€80,478 | +164.2% |
| Cash at bank and in hand | 54/58 | €139,763 | €94,093 | -€45,670 | -32.7% |
| Deferred charges and accrued income | 490/1 | €6,116 | €4,394 | -€1,722 | -28.2% |
| Total equity and liabilities | 10/49 | €1,192,632 | €1,420,446 | +€227,814 | +19.1% |
| Equity | 10/15 | €477,651 | €569,440 | +€91,789 | +19.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €458,101 | €549,890 | +€91,789 | +20.0% |
| Amounts payable | 17/49 | €714,981 | €851,006 | +€136,025 | +19.0% |
| Amounts payable after more than one year | 17 | €627,003 | €747,085 | +€120,082 | +19.2% |
| Financial debts | 170/4 | €627,003 | €747,085 | +€120,082 | +19.2% |
| Amounts payable within one year | 42/48 | €84,644 | €101,296 | +€16,652 | +19.7% |
| Current portion of amounts payable after more than one year | 42 | €53,334 | €62,704 | +€9,370 | +17.6% |
| Trade debts | 44 | €6,773 | €2,908 | -€3,865 | -57.1% |
| Suppliers | 440/4 | €6,773 | €2,908 | -€3,865 | -57.1% |
| Taxes, remuneration and social security | 45 | €13,571 | €20,310 | +€6,739 | +49.7% |
| Taxes | 450/3 | €10,571 | €17,310 | +€6,739 | +63.7% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €10,965 | €15,374 | +€4,409 | +40.2% |
| Accrued charges and deferred income | 492/3 | €3,335 | €2,625 | -€710 | -21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,823 | €61,842 | +€2,019 | +3.4% |
| Other operating charges | 640/8 | €6,181 | €5,775 | -€406 | -6.6% |
| Gross operating margin | 9900 | €204,223 | €162,306 | -€41,916 | -20.5% |
| Operating profit (loss) | 9901 | €138,219 | €94,690 | -€43,529 | -31.5% |
| Financial income | 75/76B | €0 | €40,644 | +€40,644 | +406442200.0% |
| Recurring financial income | 75 | €0 | €40,644 | +€40,644 | +406442200.0% |
| Financial charges | 65/66B | €16,735 | €28,793 | +€12,058 | +72.1% |
| Recurring financial charges | 65 | €16,735 | €28,793 | +€12,058 | +72.1% |
| Profit (loss) for the period before taxes | 9903 | €121,484 | €106,540 | -€14,943 | -12.3% |
| Income taxes | 67/77 | €22,342 | €14,752 | -€7,590 | -34.0% |
| Profit (loss) for the period | 9904 | €99,142 | €91,789 | -€7,353 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €99,142 | €91,789 | -€7,353 | -7.4% |
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 3 October 2026 via checked.be.