VIOBOR: what changed
VIOBOR
Largest movements
- Receivables within one year -€43,960
down €43,960 (-67.9%), from €64,736 to €20,776
of which Other amounts receivable: -€54,027
- Tangible fixed assets -€7,462
down €7,462 (-37.3%), from €19,996 to €12,534
of which Leasing and similar rights: -€5,792
- Cash -€5,794
no longer reported in 2025 (was €5,794)
mainly Trade debts (-€25,991) and Net result for the year (-€25,817)
- Trade debts -€25,991
down €25,991 (-69.0%), from €37,643 to €11,653
- Profit (loss) carried forward -€25,817
down €25,817, from €17,981 to -€7,836
- Debts after one year -€3,411
down €3,411 (-30.9%), from €11,035 to €7,624
- Tax, wage and social debts -€1,988
down €1,988 (-60.4%), from €3,289 to €1,301
- Turnover -€63,995
down €63,995 (-89.9%), from €71,212 to €7,217
- Gross operating margin -€36,144
down €36,144, from €19,930 to -€16,215
- Purchases and services -€27,851
down €27,851 (-54.3%), from €51,282 to €23,431
- Depreciation -€2,328
down €2,328 (-25.9%), from €8,988 to €6,660
- Financial charges -€774
down €774 (-29.8%), from €2,596 to €1,823
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,526 | €33,310 | -€57,216 | -63.2% |
| Fixed assets | 21/28 | €19,996 | €12,534 | -€7,462 | -37.3% |
| Tangible fixed assets | 22/27 | €19,996 | €12,534 | -€7,462 | -37.3% |
| Plant, machinery and equipment | 23 | €2,019 | €1,433 | -€586 | -29.0% |
| Furniture and vehicles | 24 | €1,084 | - | -€1,084 | |
| Leasing and similar rights | 25 | €16,894 | €11,102 | -€5,792 | -34.3% |
| Current assets | 29/58 | €70,530 | €20,776 | -€49,754 | -70.5% |
| Amounts receivable within one year | 40/41 | €64,736 | €20,776 | -€43,960 | -67.9% |
| Trade receivables | 40 | - | €10,067 | +€10,067 | |
| Other amounts receivable | 41 | €64,736 | €10,710 | -€54,027 | -83.5% |
| Cash at bank and in hand | 54/58 | €5,794 | - | -€5,794 | |
| Total equity and liabilities | 10/49 | €90,526 | €33,310 | -€57,216 | -63.2% |
| Equity | 10/15 | €35,041 | €9,224 | -€25,817 | -73.7% |
| Contributions | 10/11 | €15,200 | €15,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,981 | -€7,836 | -€25,817 | |
| Amounts payable | 17/49 | €55,485 | €24,087 | -€31,399 | -56.6% |
| Amounts payable after more than one year | 17 | €11,035 | €7,624 | -€3,411 | -30.9% |
| Financial debts | 170/4 | €11,035 | €7,624 | -€3,411 | -30.9% |
| Amounts payable within one year | 42/48 | €44,451 | €16,462 | -€27,988 | -63.0% |
| Current portion of amounts payable after more than one year | 42 | €2,891 | €3,120 | +€229 | +7.9% |
| Financial debts | 43 | €627 | €388 | -€239 | -38.1% |
| Credit institutions | 430/8 | €627 | €388 | -€239 | -38.1% |
| Trade debts | 44 | €37,643 | €11,653 | -€25,991 | -69.0% |
| Suppliers | 440/4 | €37,643 | €11,653 | -€25,991 | -69.0% |
| Taxes, remuneration and social security | 45 | €3,289 | €1,301 | -€1,988 | -60.4% |
| Taxes | 450/3 | €3,289 | €1,301 | -€1,988 | -60.4% |
| Turnover | 70 | €71,212 | €7,217 | -€63,995 | -89.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €51,282 | €23,431 | -€27,851 | -54.3% |
| Remuneration, social security and pensions | 62 | €206 | - | -€206 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,988 | €6,660 | -€2,328 | -25.9% |
| Other operating charges | 640/8 | €1,759 | €1,830 | +€71 | +4.0% |
| Gross operating margin | 9900 | €19,930 | -€16,215 | -€36,144 | |
| Operating profit (loss) | 9901 | €8,977 | -€24,704 | -€33,681 | |
| Financial income | 75/76B | €892 | €710 | -€182 | -20.4% |
| Recurring financial income | 75 | €892 | €710 | -€182 | -20.4% |
| Financial charges | 65/66B | €2,596 | €1,823 | -€774 | -29.8% |
| Recurring financial charges | 65 | €2,596 | €1,823 | -€774 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €7,272 | -€25,817 | -€33,089 | |
| Income taxes | 67/77 | €340 | - | -€340 | |
| Profit (loss) for the period | 9904 | €6,932 | -€25,817 | -€32,749 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,932 | -€25,817 | -€32,749 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.