VIOLETA: 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.
VIOLETA
Largest movements
- Receivables within one year +€29,083
up €29,083 (+10.4%), from €280,611 to €309,694
of which Trade receivables: +€38,250
- Tangible fixed assets -€16,502
down €16,502 (-2.6%), from €641,078 to €624,576
of which Land and buildings: -€15,530
- Trade debts +€61,952
up €61,952 (+179.9%), from €34,428 to €96,380
- Debts after one year -€24,521
down €24,521 (-8.8%), from €278,000 to €253,479
- Profit (loss) carried forward -€20,525
down €20,525 (-9.5%), from €215,199 to €194,674
- Gross operating margin -€30,258
down €30,258 (-80.9%), from €37,418 to €7,161
- Taxes -€2,777
no longer reported in 2025 (was €2,777)
- Financial charges +€1,097
up €1,097 (+19.7%), from €5,580 to €6,676
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 | €926,345 | €940,575 | +€14,230 | +1.5% |
| Fixed assets | 21/28 | €641,110 | €624,576 | -€16,534 | -2.6% |
| Intangible fixed assets | 21 | €32 | €0 | -€32 | -100.0% |
| Tangible fixed assets | 22/27 | €641,078 | €624,576 | -€16,502 | -2.6% |
| Land and buildings | 22 | €587,228 | €571,698 | -€15,530 | -2.6% |
| Other tangible fixed assets | 26 | €4,090 | €3,118 | -€972 | -23.8% |
| Assets under construction and advance payments | 27 | €49,760 | €49,760 | = | 0.0% |
| Current assets | 29/58 | €285,235 | €315,999 | +€30,764 | +10.8% |
| Stocks and contracts in progress | 3 | €4,300 | €3,700 | -€600 | -14.0% |
| Stocks | 30/36 | €4,300 | €3,700 | -€600 | -14.0% |
| Amounts receivable within one year | 40/41 | €280,611 | €309,694 | +€29,083 | +10.4% |
| Trade receivables | 40 | €1,750 | €40,000 | +€38,250 | +2185.7% |
| Other amounts receivable | 41 | €278,861 | €269,694 | -€9,167 | -3.3% |
| Cash at bank and in hand | 54/58 | €324 | €2,605 | +€2,281 | +704.0% |
| Total equity and liabilities | 10/49 | €926,345 | €940,575 | +€14,230 | +1.5% |
| Equity | 10/15 | €262,955 | €242,430 | -€20,525 | -7.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Outside capital | 11 | - | €10,000 | +€10,000 | |
| Other | 1109/19 | - | €10,000 | +€10,000 | |
| Reserves | 13 | €37,756 | €37,756 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €35,896 | €35,896 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,199 | €194,674 | -€20,525 | -9.5% |
| Amounts payable | 17/49 | €663,390 | €698,144 | +€34,754 | +5.2% |
| Amounts payable after more than one year | 17 | €278,000 | €253,479 | -€24,521 | -8.8% |
| Financial debts | 170/4 | €278,000 | €253,479 | -€24,521 | -8.8% |
| Amounts payable within one year | 42/48 | €385,390 | €444,665 | +€59,275 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €40,916 | €37,381 | -€3,534 | -8.6% |
| Trade debts | 44 | €34,428 | €96,380 | +€61,952 | +179.9% |
| Suppliers | 440/4 | €34,428 | €96,380 | +€61,952 | +179.9% |
| Taxes, remuneration and social security | 45 | - | €349 | +€349 | |
| Taxes | 450/3 | - | €349 | +€349 | |
| Other amounts payable | 47/48 | €310,046 | €310,555 | +€509 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,793 | €16,534 | -€258 | -1.5% |
| Other operating charges | 640/8 | €3,965 | €4,066 | +€101 | +2.6% |
| Gross operating margin | 9900 | €37,418 | €7,161 | -€30,258 | -80.9% |
| Operating profit (loss) | 9901 | €16,661 | -€13,440 | -€30,101 | |
| Financial charges | 65/66B | €5,580 | €6,676 | +€1,097 | +19.7% |
| Recurring financial charges | 65 | €5,580 | €6,676 | +€1,097 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €11,081 | -€20,116 | -€31,198 | |
| Income taxes | 67/77 | €2,777 | - | -€2,777 | |
| Profit (loss) for the period | 9904 | €8,304 | -€20,116 | -€28,420 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,304 | -€20,116 | -€28,420 |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.