VIPERE: 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.
VIPERE
Largest movements
- Cash -€21,587
down €21,587 (-93.5%), from €23,082 to €1,494
mainly Other debts (-€21,651) and Stocks and contracts (-€9,854)
- Stocks and contracts +€9,854
up €9,854 (+14.3%), from €68,666 to €78,520
- Tangible fixed assets -€1,618
down €1,618 (-21.2%), from €7,645 to €6,027
- Other debts -€21,651
down €21,651 (-17.9%), from €121,186 to €99,535
- Debts after one year +€5,890
new in 2025: €5,890
- Current portion of long-term debt +€5,664
new in 2025: €5,664
- Trade debts -€5,083
down €5,083 (-79.4%), from €6,403 to €1,320
- Tax, wage and social debts +€4,780
new in 2025: €4,780
- Gross operating margin +€30,385
up €30,385 (+92.2%), from -€32,943 to -€2,558
- Depreciation +€1,174
up €1,174 (+264.6%), from €444 to €1,618
- Financial income +€1,097
up €1,097 (+1333.8%), from €82 to €1,179
- Financial charges -€1,028
down €1,028 (-63.3%), from €1,625 to €597
- Other operating charges -€838
down €838 (-74.9%), from €1,119 to €281
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 | €104,158 | €89,884 | -€14,274 | -13.7% |
| Fixed assets | 21/28 | €10,645 | €9,027 | -€1,618 | -15.2% |
| Tangible fixed assets | 22/27 | €7,645 | €6,027 | -€1,618 | -21.2% |
| Plant, machinery and equipment | 23 | €7,645 | €6,027 | -€1,618 | -21.2% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €93,512 | €80,856 | -€12,656 | -13.5% |
| Stocks and contracts in progress | 3 | €68,666 | €78,520 | +€9,854 | +14.3% |
| Stocks | 30/36 | €68,666 | €78,520 | +€9,854 | +14.3% |
| Amounts receivable within one year | 40/41 | €1,153 | €842 | -€311 | -27.0% |
| Trade receivables | 40 | - | €842 | +€842 | |
| Other amounts receivable | 41 | €1,153 | - | -€1,153 | |
| Cash at bank and in hand | 54/58 | €23,082 | €1,494 | -€21,587 | -93.5% |
| Deferred charges and accrued income | 490/1 | €611 | - | -€611 | |
| Total equity and liabilities | 10/49 | €104,158 | €89,884 | -€14,274 | -13.7% |
| Equity | 10/15 | -€23,432 | -€27,305 | -€3,873 | -16.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,432 | -€67,305 | -€3,873 | -6.1% |
| Amounts payable | 17/49 | €127,589 | €117,189 | -€10,401 | -8.2% |
| Amounts payable after more than one year | 17 | - | €5,890 | +€5,890 | |
| Financial debts | 170/4 | - | €5,890 | +€5,890 | |
| Amounts payable within one year | 42/48 | €127,589 | €111,298 | -€16,291 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | - | €5,664 | +€5,664 | |
| Trade debts | 44 | €6,403 | €1,320 | -€5,083 | -79.4% |
| Suppliers | 440/4 | €6,403 | €1,320 | -€5,083 | -79.4% |
| Taxes, remuneration and social security | 45 | - | €4,780 | +€4,780 | |
| Taxes | 450/3 | - | €4,780 | +€4,780 | |
| Other amounts payable | 47/48 | €121,186 | €99,535 | -€21,651 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €444 | €1,618 | +€1,174 | +264.6% |
| Other operating charges | 640/8 | €1,119 | €281 | -€838 | -74.9% |
| Gross operating margin | 9900 | -€32,943 | -€2,558 | +€30,385 | +92.2% |
| Operating profit (loss) | 9901 | -€34,505 | -€4,456 | +€30,049 | +87.1% |
| Financial income | 75/76B | €82 | €1,179 | +€1,097 | +1333.8% |
| Recurring financial income | 75 | €82 | €1,179 | +€1,097 | +1333.8% |
| Financial charges | 65/66B | €1,625 | €597 | -€1,028 | -63.3% |
| Recurring financial charges | 65 | €1,625 | €597 | -€1,028 | -63.3% |
| Profit (loss) for the period before taxes | 9903 | -€36,047 | -€3,873 | +€32,174 | +89.3% |
| Profit (loss) for the period | 9904 | -€36,047 | -€3,873 | +€32,174 | +89.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,047 | -€3,873 | +€32,174 | +89.3% |
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 8 October 2026 via checked.be.