VIOR: 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.
VIOR
Largest movements
- Receivables within one year -€17,035
down €17,035 (-37.0%), from €46,011 to €28,976
of which Other amounts receivable: -€19,445
- Cash +€8,723
up €8,723 (+121.0%), from €7,208 to €15,931
mainly Net result for the year (+€29,382) and Receivables within one year (+€17,035)
- Tangible fixed assets -€8,308
down €8,308 (-4.7%), from €176,455 to €168,147
of which Furniture and vehicles: -€8,538
- Contributions -€15,795
down €15,795 (-20.4%), from €77,295 to €61,500
- Tax, wage and social debts +€6,161
up €6,161, from €0 to €6,161
- Other debts +€5,252
up €5,252 (+19.2%), from €27,306 to €32,558
- Current portion of long-term debt -€4,565
down €4,565 (-100.0%), from €4,565 to €0
- Trade debts -€4,546
down €4,546 (-98.0%), from €4,638 to €92
- Depreciation -€9,211
down €9,211 (-44.1%), from €20,868 to €11,657
- Gross operating margin -€3,566
down €3,566 (-5.7%), from €62,114 to €58,549
- Taxes +€1,597
up €1,597 (+12.7%), from €12,564 to €14,161
- Financial income +€698
up €698 (+47.8%), from €1,459 to €2,157
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 | €231,097 | €214,499 | -€16,598 | -7.2% |
| Fixed assets | 21/28 | €177,283 | €168,975 | -€8,308 | -4.7% |
| Tangible fixed assets | 22/27 | €176,455 | €168,147 | -€8,308 | -4.7% |
| Land and buildings | 22 | €157,847 | €158,077 | +€230 | +0.1% |
| Furniture and vehicles | 24 | €18,608 | €10,070 | -€8,538 | -45.9% |
| Financial fixed assets | 28 | €828 | €828 | = | 0.0% |
| Current assets | 29/58 | €53,814 | €45,524 | -€8,290 | -15.4% |
| Amounts receivable within one year | 40/41 | €46,011 | €28,976 | -€17,035 | -37.0% |
| Trade receivables | 40 | €2,000 | €4,410 | +€2,410 | +120.5% |
| Other amounts receivable | 41 | €44,011 | €24,566 | -€19,445 | -44.2% |
| Cash at bank and in hand | 54/58 | €7,208 | €15,931 | +€8,723 | +121.0% |
| Deferred charges and accrued income | 490/1 | €594 | €617 | +€23 | +3.8% |
| Total equity and liabilities | 10/49 | €231,097 | €214,499 | -€16,598 | -7.2% |
| Equity | 10/15 | €193,918 | €174,948 | -€18,970 | -9.8% |
| Contributions | 10/11 | €77,295 | €61,500 | -€15,795 | -20.4% |
| Capital | 10 | €77,295 | €61,500 | -€15,795 | -20.4% |
| Issued capital | 100 | €77,295 | €61,500 | -€15,795 | -20.4% |
| Reserves | 13 | €116,623 | €113,448 | -€3,175 | -2.7% |
| Non-distributable reserves | 130/1 | €7,729 | €6,150 | -€1,579 | -20.4% |
| Legal reserve | 130 | €7,729 | €6,150 | -€1,579 | -20.4% |
| Distributable reserves | 133 | €108,893 | €107,298 | -€1,596 | -1.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €37,179 | €39,551 | +€2,372 | +6.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €36,509 | €38,811 | +€2,302 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €4,565 | €0 | -€4,565 | -100.0% |
| Trade debts | 44 | €4,638 | €92 | -€4,546 | -98.0% |
| Suppliers | 440/4 | €4,638 | €92 | -€4,546 | -98.0% |
| Taxes, remuneration and social security | 45 | €0 | €6,161 | +€6,161 | |
| Taxes | 450/3 | €0 | €6,161 | +€6,161 | |
| Other amounts payable | 47/48 | €27,306 | €32,558 | +€5,252 | +19.2% |
| Accrued charges and deferred income | 492/3 | €670 | €740 | +€70 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,868 | €11,657 | -€9,211 | -44.1% |
| Other operating charges | 640/8 | €4,878 | €5,362 | +€484 | +9.9% |
| Gross operating margin | 9900 | €62,114 | €58,549 | -€3,566 | -5.7% |
| Operating profit (loss) | 9901 | €36,368 | €41,529 | +€5,161 | +14.2% |
| Financial income | 75/76B | €1,459 | €2,157 | +€698 | +47.8% |
| Recurring financial income | 75 | €1,459 | €2,157 | +€698 | +47.8% |
| Financial charges | 65/66B | €347 | €142 | -€204 | -58.9% |
| Recurring financial charges | 65 | €347 | €142 | -€204 | -58.9% |
| Profit (loss) for the period before taxes | 9903 | €37,481 | €43,543 | +€6,062 | +16.2% |
| Income taxes | 67/77 | €12,564 | €14,161 | +€1,597 | +12.7% |
| Profit (loss) for the period | 9904 | €24,917 | €29,382 | +€4,466 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,917 | €29,382 | +€4,466 | +17.9% |
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 1 October 2026 via checked.be.