VIMINALIS II: 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.
VIMINALIS II
Largest movements
- Tangible fixed assets +€487,405
up €487,405 (+7.1%), from €6.9m to €7.3m
of which Assets under construction and advance payments: +€487,405
- Short-term financial debts +€5.1m
up €5.1m (+205.9%), from €2.5m to €7.6m
- Debts after one year -€4.6m
no longer reported in 2025 (was €4.6m)
- Financial income +€9,168
new in 2025: €9,168
- Gross operating margin +€7,406
up €7,406 (+54.5%), from -€13,585 to -€6,180
- Financial charges -€2,494
down €2,494 (-46.7%), from €5,336 to €2,842
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 | €6,868,113 | €7,353,719 | +€485,606 | +7.1% |
| Fixed assets | 21/28 | €6,858,273 | €7,353,620 | +€495,347 | +7.2% |
| Tangible fixed assets | 22/27 | €6,858,273 | €7,345,678 | +€487,405 | +7.1% |
| Land and buildings | 22 | €4,928,000 | €4,928,000 | = | 0.0% |
| Assets under construction and advance payments | 27 | €1,930,273 | €2,417,678 | +€487,405 | +25.3% |
| Financial fixed assets | 28 | - | €7,942 | +€7,942 | |
| Current assets | 29/58 | €9,840 | €99 | -€9,741 | -99.0% |
| Cash at bank and in hand | 54/58 | €9,840 | €99 | -€9,741 | -99.0% |
| Total equity and liabilities | 10/49 | €6,868,113 | €7,353,719 | +€485,606 | +7.1% |
| Equity | 10/15 | -€247,205 | -€248,248 | -€1,043 | -0.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€347,205 | -€348,248 | -€1,043 | -0.3% |
| Amounts payable | 17/49 | €7,115,318 | €7,601,967 | +€486,649 | +6.8% |
| Amounts payable after more than one year | 17 | €4,554,094 | - | -€4.6m | |
| Other amounts payable | 178/9 | €4,554,094 | - | -€4.6m | |
| Amounts payable within one year | 42/48 | €2,552,879 | €7,600,846 | +€5.0m | +197.7% |
| Financial debts | 43 | €2,475,000 | €7,571,973 | +€5.1m | +205.9% |
| Credit institutions | 430/8 | €2,475,000 | €7,571,973 | +€5.1m | +205.9% |
| Trade debts | 44 | €77,879 | €28,873 | -€49,006 | -62.9% |
| Suppliers | 440/4 | €77,879 | €28,873 | -€49,006 | -62.9% |
| Accrued charges and deferred income | 492/3 | €8,344 | €1,121 | -€7,223 | -86.6% |
| Other operating charges | 640/8 | €1,125 | €1,189 | +€64 | +5.7% |
| Gross operating margin | 9900 | -€13,585 | -€6,180 | +€7,406 | +54.5% |
| Operating profit (loss) | 9901 | -€14,710 | -€7,369 | +€7,341 | +49.9% |
| Financial income | 75/76B | - | €9,168 | +€9,168 | |
| Recurring financial income | 75 | - | €9,168 | +€9,168 | |
| Financial charges | 65/66B | €5,336 | €2,842 | -€2,494 | -46.7% |
| Recurring financial charges | 65 | €5,336 | €2,842 | -€2,494 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,047 | -€1,043 | +€19,003 | +94.8% |
| Profit (loss) for the period | 9904 | -€20,047 | -€1,043 | +€19,003 | +94.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,047 | -€1,043 | +€19,003 | +94.8% |
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 29 September 2026 via checked.be.