VIPER ENGINEERING: 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.
VIPER ENGINEERING
Largest movements
- Cash +€120,081
up €120,081 (+17.2%), from €696,392 to €816,473
mainly Net result for the year (+€129,099) and Receivables within one year (+€16,268)
- Current investments +€24,904
up €24,904 (+7.8%), from €321,165 to €346,068
- Receivables within one year -€16,268
down €16,268 (-4.5%), from €364,701 to €348,433
- Reserves +€129,099
up €129,099 (+10.1%), from €1.3m to €1.4m
of which Distributable reserves: +€129,099
- Gross operating margin -€102,306
down €102,306 (-18.0%), from €568,951 to €466,646
- Taxes -€27,503
down €27,503 (-42.0%), from €65,555 to €38,052
- Staff costs +€19,439
up €19,439 (+6.7%), from €291,779 to €311,218
- Financial income +€8,946
up €8,946 (+39.6%), from €22,591 to €31,537
of which Non-recurring financial income: +€6,044
- Other operating charges -€7,094
down €7,094 (-71.0%), from €9,988 to €2,895
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 | €1,470,182 | €1,595,551 | +€125,368 | +8.5% |
| Fixed assets | 21/28 | €41,831 | €31,837 | -€9,993 | -23.9% |
| Tangible fixed assets | 22/27 | €29,608 | €19,615 | -€9,993 | -33.8% |
| Furniture and vehicles | 24 | €29,608 | €19,615 | -€9,993 | -33.8% |
| Financial fixed assets | 28 | €12,223 | €12,223 | = | 0.0% |
| Current assets | 29/58 | €1,428,352 | €1,563,713 | +€135,362 | +9.5% |
| Stocks and contracts in progress | 3 | €46,095 | €52,740 | +€6,645 | +14.4% |
| Stocks | 30/36 | €46,095 | €52,740 | +€6,645 | +14.4% |
| Amounts receivable within one year | 40/41 | €364,701 | €348,433 | -€16,268 | -4.5% |
| Other amounts receivable | 41 | €364,701 | €348,433 | -€16,268 | -4.5% |
| Current investments | 50/53 | €321,165 | €346,068 | +€24,904 | +7.8% |
| Cash at bank and in hand | 54/58 | €696,392 | €816,473 | +€120,081 | +17.2% |
| Total equity and liabilities | 10/49 | €1,470,182 | €1,595,551 | +€125,368 | +8.5% |
| Equity | 10/15 | €1,294,812 | €1,423,910 | +€129,099 | +10.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,276,220 | €1,405,318 | +€129,099 | +10.1% |
| Tax-exempt reserves | 132 | €14,537 | €14,537 | = | 0.0% |
| Distributable reserves | 133 | €1,261,683 | €1,390,781 | +€129,099 | +10.2% |
| Amounts payable | 17/49 | €175,370 | €171,640 | -€3,730 | -2.1% |
| Amounts payable within one year | 42/48 | €175,370 | €171,640 | -€3,730 | -2.1% |
| Trade debts | 44 | €108,458 | €96,669 | -€11,788 | -10.9% |
| Suppliers | 440/4 | €108,458 | €96,669 | -€11,788 | -10.9% |
| Taxes, remuneration and social security | 45 | €24,351 | €26,039 | +€1,688 | +6.9% |
| Remuneration and social security | 454/9 | €24,351 | €26,039 | +€1,688 | +6.9% |
| Other amounts payable | 47/48 | €42,562 | €48,932 | +€6,370 | +15.0% |
| Non-recurring operating income | 76A | €193,220 | €6,720 | -€186,500 | -96.5% |
| Remuneration, social security and pensions | 62 | €291,779 | €311,218 | +€19,439 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,002 | €15,793 | +€3,791 | +31.6% |
| Other operating charges | 640/8 | €9,988 | €2,895 | -€7,094 | -71.0% |
| Gross operating margin | 9900 | €568,951 | €466,646 | -€102,306 | -18.0% |
| Operating profit (loss) | 9901 | €255,182 | €136,740 | -€118,442 | -46.4% |
| Financial income | 75/76B | €22,591 | €31,537 | +€8,946 | +39.6% |
| Recurring financial income | 75 | €3,368 | €6,269 | +€2,902 | +86.2% |
| Non-recurring financial income | 76B | €19,224 | €25,268 | +€6,044 | +31.4% |
| Financial charges | 65/66B | €448 | €1,127 | +€678 | +151% |
| Recurring financial charges | 65 | €448 | €1,127 | +€678 | +151% |
| Profit (loss) for the period before taxes | 9903 | €277,325 | €167,150 | -€110,175 | -39.7% |
| Income taxes | 67/77 | €65,555 | €38,052 | -€27,503 | -42.0% |
| Profit (loss) for the period | 9904 | €211,770 | €129,099 | -€82,672 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €211,770 | €129,099 | -€82,672 | -39.0% |
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 18 October 2026 via checked.be.