VION: 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.
VION
Largest movements
- Cash +€16,040
up €16,040 (+6.0%), from €266,265 to €282,305
mainly Net result for the year (+€67,865) and Trade debts (+€33,731)
- Tangible fixed assets -€10,694
down €10,694 (-21.3%), from €50,180 to €39,486
- Receivables within one year -€8,209
down €8,209 (-21.8%), from €37,721 to €29,511
- Debts after one year -€74,789
down €74,789 (-100.0%), from €74,789 to €0
- Trade debts +€33,731
up €33,731 (+150.4%), from €22,425 to €56,157
- Reserves +€29,444
up €29,444 (+10.5%), from €279,637 to €309,082
- Other debts +€20,781
up €20,781 (+578.9%), from €3,590 to €24,370
- Tax, wage and social debts -€8,138
down €8,138 (-27.9%), from €29,191 to €21,052
of which Taxes: -€8,138
- Gross operating margin -€22,295
down €22,295 (-16.0%), from €139,675 to €117,381
- Taxes -€5,907
down €5,907 (-15.5%), from €38,001 to €32,094
- Financial charges -€5,681
down €5,681 (-75.0%), from €7,578 to €1,896
- Staff costs +€2,749
up €2,749, from -€2,749 to €0
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €608,297 | €609,325 | +€1,028 | +0.2% |
| Fixed assets | 21/28 | €50,580 | €41,294 | -€9,286 | -18.4% |
| Intangible fixed assets | 21 | €0 | €1,408 | +€1,408 | |
| Tangible fixed assets | 22/27 | €50,180 | €39,486 | -€10,694 | -21.3% |
| Land and buildings | 22 | €40,432 | €35,105 | -€5,327 | -13.2% |
| Plant, machinery and equipment | 23 | €2,724 | €2,182 | -€542 | -19.9% |
| Furniture and vehicles | 24 | €7,024 | €2,200 | -€4,824 | -68.7% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €557,716 | €568,031 | +€10,315 | +1.8% |
| Stocks and contracts in progress | 3 | €225,438 | €227,857 | +€2,419 | +1.1% |
| Stocks | 30/36 | €225,438 | €227,857 | +€2,419 | +1.1% |
| Amounts receivable within one year | 40/41 | €37,721 | €29,511 | -€8,209 | -21.8% |
| Trade receivables | 40 | €37,721 | €29,511 | -€8,209 | -21.8% |
| Current investments | 50/53 | €28,292 | €28,357 | +€65 | +0.2% |
| Cash at bank and in hand | 54/58 | €266,265 | €282,305 | +€16,040 | +6.0% |
| Total equity and liabilities | 10/49 | €608,297 | €609,325 | +€1,028 | +0.2% |
| Equity | 10/15 | €478,302 | €507,746 | +€29,444 | +6.2% |
| Contributions | 10/11 | €198,664 | €198,664 | = | 0.0% |
| Reserves | 13 | €279,637 | €309,082 | +€29,444 | +10.5% |
| Distributable reserves | 133 | €279,637 | €309,082 | +€29,444 | +10.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €129,995 | €101,579 | -€28,416 | -21.9% |
| Amounts payable after more than one year | 17 | €74,789 | €0 | -€74,789 | -100.0% |
| Financial debts | 170/4 | €74,789 | €0 | -€74,789 | -100.0% |
| Amounts payable within one year | 42/48 | €55,206 | €101,579 | +€46,374 | +84.0% |
| Trade debts | 44 | €22,425 | €56,157 | +€33,731 | +150.4% |
| Suppliers | 440/4 | €22,425 | €56,157 | +€33,731 | +150.4% |
| Taxes, remuneration and social security | 45 | €29,191 | €21,052 | -€8,138 | -27.9% |
| Taxes | 450/3 | €29,191 | €21,052 | -€8,138 | -27.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,590 | €24,370 | +€20,781 | +578.9% |
| Remuneration, social security and pensions | 62 | -€2,749 | €0 | +€2,749 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,960 | €11,785 | -€1,175 | -9.1% |
| Other operating charges | 640/8 | €4,109 | €4,156 | +€48 | +1.2% |
| Gross operating margin | 9900 | €139,675 | €117,381 | -€22,295 | -16.0% |
| Operating profit (loss) | 9901 | €125,356 | €101,439 | -€23,917 | -19.1% |
| Financial income | 75/76B | €592 | €416 | -€176 | -29.7% |
| Recurring financial income | 75 | €592 | €416 | -€176 | -29.7% |
| Financial charges | 65/66B | €7,578 | €1,896 | -€5,681 | -75.0% |
| Recurring financial charges | 65 | €7,578 | €1,896 | -€5,681 | -75.0% |
| Profit (loss) for the period before taxes | 9903 | €118,370 | €99,959 | -€18,411 | -15.6% |
| Income taxes | 67/77 | €38,001 | €32,094 | -€5,907 | -15.5% |
| Profit (loss) for the period | 9904 | €80,369 | €67,865 | -€12,504 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €80,369 | €67,865 | -€12,504 | -15.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.