VIMAXART: 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.
VIMAXART
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+784.6%), from €152,285 to €1.3m
of which Land and buildings: +€664,419
- Receivables within one year +€182,193
up €182,193 (+99.0%), from €184,095 to €366,288
of which Trade receivables: +€118,118
- Cash +€93,167
up €93,167 (+25.3%), from €368,004 to €461,170
mainly Debts after one year (+€1.2m) and Trade debts (+€340,002)
- Stocks and contracts +€65,246
up €65,246 (+7.6%), from €860,814 to €926,060
- Debts after one year +€1.2m
up €1.2m (+1266.2%), from €91,901 to €1.3m
- Trade debts +€340,002
up €340,002 (+303.6%), from €111,977 to €451,978
- Current portion of long-term debt +€40,973
up €40,973 (+96.4%), from €42,511 to €83,484
- Depreciation +€136,133
up €136,133 (+954.5%), from €14,263 to €150,395
- Gross operating margin +€131,839
up €131,839 (+52.0%), from €253,418 to €385,257
- Taxes -€58,754
down €58,754 (-97.0%), from €60,572 to €1,817
- Staff costs +€57,674
up €57,674 (+174.5%), from €33,056 to €90,730
- Financial charges +€32,582
up €32,582 (+1101.4%), from €2,958 to €35,540
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 | €1,615,565 | €3,138,795 | +€1.5m | +94.3% |
| Fixed assets | 21/28 | €182,621 | €1,375,357 | +€1.2m | +653.1% |
| Intangible fixed assets | 21 | €5,002 | €2,875 | -€2,127 | -42.5% |
| Tangible fixed assets | 22/27 | €152,285 | €1,347,148 | +€1.2m | +784.6% |
| Land and buildings | 22 | €20,471 | €684,890 | +€664,419 | +3245.7% |
| Plant, machinery and equipment | 23 | €3,652 | €19,734 | +€16,082 | +440.4% |
| Furniture and vehicles | 24 | €79,160 | €64,823 | -€14,338 | -18.1% |
| Leasing and similar rights | 25 | €49,003 | €38,847 | -€10,156 | -20.7% |
| Other tangible fixed assets | 26 | - | €25,744 | +€25,744 | |
| Assets under construction and advance payments | 27 | - | €513,111 | +€513,111 | |
| Financial fixed assets | 28 | €25,333 | €25,333 | = | 0.0% |
| Current assets | 29/58 | €1,432,945 | €1,763,438 | +€330,494 | +23.1% |
| Stocks and contracts in progress | 3 | €860,814 | €926,060 | +€65,246 | +7.6% |
| Stocks | 30/36 | €860,814 | €926,060 | +€65,246 | +7.6% |
| Amounts receivable within one year | 40/41 | €184,095 | €366,288 | +€182,193 | +99.0% |
| Trade receivables | 40 | €133,710 | €251,828 | +€118,118 | +88.3% |
| Other amounts receivable | 41 | €50,384 | €114,460 | +€64,076 | +127.2% |
| Cash at bank and in hand | 54/58 | €368,004 | €461,170 | +€93,167 | +25.3% |
| Deferred charges and accrued income | 490/1 | €20,033 | €9,920 | -€10,113 | -50.5% |
| Total equity and liabilities | 10/49 | €1,615,565 | €3,138,795 | +€1.5m | +94.3% |
| Equity | 10/15 | €1,300,769 | €1,271,020 | -€29,750 | -2.3% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €1,230,769 | €1,201,020 | -€29,750 | -2.4% |
| Distributable reserves | 133 | €1,230,769 | €1,201,020 | -€29,750 | -2.4% |
| Amounts payable | 17/49 | €314,796 | €1,867,775 | +€1.6m | +493.3% |
| Amounts payable after more than one year | 17 | €91,901 | €1,255,578 | +€1.2m | +1266.2% |
| Financial debts | 170/4 | €91,901 | €1,255,578 | +€1.2m | +1266.2% |
| Amounts payable within one year | 42/48 | €222,895 | €612,197 | +€389,302 | +174.7% |
| Current portion of amounts payable after more than one year | 42 | €42,511 | €83,484 | +€40,973 | +96.4% |
| Trade debts | 44 | €111,977 | €451,978 | +€340,002 | +303.6% |
| Suppliers | 440/4 | €111,977 | €451,978 | +€340,002 | +303.6% |
| Taxes, remuneration and social security | 45 | €62,666 | €69,146 | +€6,481 | +10.3% |
| Taxes | 450/3 | €56,997 | €54,894 | -€2,103 | -3.7% |
| Remuneration and social security | 454/9 | €5,668 | €14,252 | +€8,584 | +151.4% |
| Other amounts payable | 47/48 | €5,742 | €7,589 | +€1,847 | +32.2% |
| Non-recurring operating income | 76A | €5,984 | - | -€5,984 | |
| Remuneration, social security and pensions | 62 | €33,056 | €90,730 | +€57,674 | +174.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,263 | €150,395 | +€136,133 | +954.5% |
| Other operating charges | 640/8 | €4,330 | €4,465 | +€135 | +3.1% |
| Non-recurring operating charges | 66A | €15,271 | €93,462 | +€78,191 | +512.0% |
| Gross operating margin | 9900 | €253,418 | €385,257 | +€131,839 | +52.0% |
| Operating profit (loss) | 9901 | €186,498 | €46,205 | -€140,294 | -75.2% |
| Financial income | 75/76B | €5,432 | €3,903 | -€1,529 | -28.2% |
| Recurring financial income | 75 | €5,432 | €3,903 | -€1,529 | -28.2% |
| Financial charges | 65/66B | €2,958 | €35,540 | +€32,582 | +1101.4% |
| Recurring financial charges | 65 | €2,958 | €35,540 | +€32,582 | +1101.4% |
| Profit (loss) for the period before taxes | 9903 | €188,972 | €14,567 | -€174,405 | -92.3% |
| Income taxes | 67/77 | €60,572 | €1,817 | -€58,754 | -97.0% |
| Profit (loss) for the period | 9904 | €128,401 | €12,750 | -€115,650 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €128,401 | €12,750 | -€115,650 | -90.1% |
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 11 October 2026 via checked.be.