Violier: 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.
Violier
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+8,906%), from €15,250 to €1.4m
of which Land and buildings: +€1.3m
- Receivables within one year +€99,549
up €99,549 (+58.9%), from €169,005 to €268,554
of which Trade receivables: +€93,155
- Cash +€27,921
up €27,921 (+94.0%), from €29,688 to €57,609
mainly Debts after one year (+€1.4m) and Depreciation (+€57,046)
- Debts after one year +€1.4m
new in 2025: €1.4m
of which Financial debts: +€1.4m
- Trade debts +€48,432
up €48,432 (+84.6%), from €57,279 to €105,711
- Current portion of long-term debt +€45,434
new in 2025: €45,434
- Gross operating margin +€181,876
up €181,876 (+212%), from €85,936 to €267,813
- Other operating charges +€173,292
up €173,292 (+22,032%), from €787 to €174,079
- Depreciation +€54,321
up €54,321 (+1,994%), from €2,725 to €57,046
- Financial charges +€20,358
up €20,358 (+27,334%), from €74 to €20,433
- Taxes -€12,414
down €12,414 (-67.3%), from €18,438 to €6,024
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.
Derived cash bridge
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 | €215,288 | €1,713,665 | +€1.5m | +696% |
| Fixed assets | 21/28 | €15,250 | €1,373,403 | +€1.4m | +8,906% |
| Tangible fixed assets | 22/27 | €15,250 | €1,373,403 | +€1.4m | +8,906% |
| Land and buildings | 22 | - | €1,347,466 | +€1.3m | |
| Plant, machinery and equipment | 23 | €11,247 | €12,838 | +€1,591 | +14.1% |
| Furniture and vehicles | 24 | €4,003 | €13,099 | +€9,096 | +227% |
| Current assets | 29/58 | €200,038 | €340,262 | +€140,225 | +70.1% |
| Stocks and contracts in progress | 3 | - | €12,343 | +€12,343 | |
| Stocks | 30/36 | - | €12,343 | +€12,343 | |
| Amounts receivable within one year | 40/41 | €169,005 | €268,554 | +€99,549 | +58.9% |
| Trade receivables | 40 | €154,179 | €247,333 | +€93,155 | +60.4% |
| Other amounts receivable | 41 | €14,827 | €21,221 | +€6,394 | +43.1% |
| Cash at bank and in hand | 54/58 | €29,688 | €57,609 | +€27,921 | +94.0% |
| Deferred charges and accrued income | 490/1 | €1,344 | €1,756 | +€412 | +30.6% |
| Total equity and liabilities | 10/49 | €215,288 | €1,713,665 | +€1.5m | +696% |
| Equity | 10/15 | €119,764 | €132,009 | +€12,245 | +10.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €118,264 | €130,509 | +€12,245 | +10.4% |
| Distributable reserves | 133 | €118,264 | €130,509 | +€12,245 | +10.4% |
| Amounts payable | 17/49 | €95,524 | €1,581,656 | +€1.5m | +1,556% |
| Amounts payable after more than one year | 17 | - | €1,383,302 | +€1.4m | |
| Financial debts | 170/4 | - | €1,380,502 | +€1.4m | |
| Other amounts payable | 178/9 | - | €2,800 | +€2,800 | |
| Amounts payable within one year | 42/48 | €95,524 | €198,354 | +€102,830 | +108% |
| Current portion of amounts payable after more than one year | 42 | - | €45,434 | +€45,434 | |
| Trade debts | 44 | €57,279 | €105,711 | +€48,432 | +84.6% |
| Suppliers | 440/4 | €57,279 | €105,711 | +€48,432 | +84.6% |
| Taxes, remuneration and social security | 45 | €32,070 | €25,117 | -€6,952 | -21.7% |
| Taxes | 450/3 | €32,070 | €25,117 | -€6,952 | -21.7% |
| Other amounts payable | 47/48 | €6,176 | €22,091 | +€15,915 | +258% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,725 | €57,046 | +€54,321 | +1,994% |
| Other operating charges | 640/8 | €787 | €174,079 | +€173,292 | +22,032% |
| Gross operating margin | 9900 | €85,936 | €267,813 | +€181,876 | +212% |
| Operating profit (loss) | 9901 | €82,425 | €36,688 | -€45,738 | -55.5% |
| Financial income | 75/76B | €164 | €2,014 | +€1,850 | +1,129% |
| Recurring financial income | 75 | €164 | €2,014 | +€1,850 | +1,129% |
| Financial charges | 65/66B | €74 | €20,433 | +€20,358 | +27,334% |
| Recurring financial charges | 65 | €74 | €20,433 | +€20,358 | +27,334% |
| Profit (loss) for the period before taxes | 9903 | €82,514 | €18,269 | -€64,246 | -77.9% |
| Income taxes | 67/77 | €18,438 | €6,024 | -€12,414 | -67.3% |
| Profit (loss) for the period | 9904 | €64,077 | €12,245 | -€51,831 | -80.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,077 | €12,245 | -€51,831 | -80.9% |
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 29 October 2026 via checked.be.