VIPTOUR: 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.
VIPTOUR
Largest movements
- Cash +€226,613
up €226,613 (+50.6%), from €447,870 to €674,483
mainly Receivables within one year (+€90,244) and Net result for the year (+€70,495)
- Receivables within one year -€90,244
down €90,244 (-86.0%), from €104,985 to €14,741
of which Other amounts receivable: -€90,000
- Reserves +€70,008
up €70,008 (+53.7%), from €130,267 to €200,275
of which Distributable reserves: +€73,000
- Other debts +€30,651
up €30,651 (+45.2%), from €67,736 to €98,387
- Trade debts +€18,449
up €18,449 (+229.1%), from €8,054 to €26,504
- Tax, wage and social debts +€12,935
new in 2025: €12,935
- Gross operating margin +€11,101
up €11,101 (+10.6%), from €104,456 to €115,557
- Taxes +€3,676
up €3,676 (+10.7%), from €34,259 to €37,935
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 | €596,384 | €727,916 | +€131,533 | +22.1% |
| Fixed assets | 21/28 | €42,975 | €38,200 | -€4,775 | -11.1% |
| Tangible fixed assets | 22/27 | €42,975 | €38,200 | -€4,775 | -11.1% |
| Land and buildings | 22 | €27,529 | €22,056 | -€5,473 | -19.9% |
| Furniture and vehicles | 24 | €15,445 | €16,143 | +€698 | +4.5% |
| Current assets | 29/58 | €553,409 | €689,717 | +€136,308 | +24.6% |
| Amounts receivable within one year | 40/41 | €104,985 | €14,741 | -€90,244 | -86.0% |
| Trade receivables | 40 | €244 | - | -€244 | |
| Other amounts receivable | 41 | €104,741 | €14,741 | -€90,000 | -85.9% |
| Cash at bank and in hand | 54/58 | €447,870 | €674,483 | +€226,613 | +50.6% |
| Deferred charges and accrued income | 490/1 | €554 | €493 | -€61 | -11.0% |
| Total equity and liabilities | 10/49 | €596,384 | €727,916 | +€131,533 | +22.1% |
| Equity | 10/15 | €512,157 | €582,652 | +€70,495 | +13.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €130,267 | €200,275 | +€70,008 | +53.7% |
| Tax-exempt reserves | 132 | €11,098 | €8,106 | -€2,992 | -27.0% |
| Distributable reserves | 133 | €119,168 | €192,168 | +€73,000 | +61.3% |
| Profit (loss) carried forward | 14 | €363,340 | €363,827 | +€487 | +0.1% |
| Provisions and deferred taxes | 16 | €8,437 | €7,440 | -€997 | -11.8% |
| Deferred taxes | 168 | €8,437 | €7,440 | -€997 | -11.8% |
| Amounts payable | 17/49 | €75,790 | €137,825 | +€62,035 | +81.9% |
| Amounts payable within one year | 42/48 | €75,790 | €137,825 | +€62,035 | +81.9% |
| Trade debts | 44 | €8,054 | €26,504 | +€18,449 | +229.1% |
| Suppliers | 440/4 | €8,054 | €26,504 | +€18,449 | +229.1% |
| Taxes, remuneration and social security | 45 | - | €12,935 | +€12,935 | |
| Taxes | 450/3 | - | €12,935 | +€12,935 | |
| Other amounts payable | 47/48 | €67,736 | €98,387 | +€30,651 | +45.2% |
| Non-recurring operating income | 76A | €3,824 | - | -€3,824 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,731 | €5,981 | +€250 | +4.4% |
| Other operating charges | 640/8 | €2,504 | €2,532 | +€27 | +1.1% |
| Gross operating margin | 9900 | €104,456 | €115,557 | +€11,101 | +10.6% |
| Operating profit (loss) | 9901 | €96,221 | €107,045 | +€10,824 | +11.2% |
| Financial income | 75/76B | - | €686 | +€686 | |
| Recurring financial income | 75 | - | €686 | +€686 | |
| Non-recurring financial income | 76B | - | €686 | +€686 | |
| Financial charges | 65/66B | - | €298 | +€298 | |
| Recurring financial charges | 65 | - | €54 | +€54 | |
| Non-recurring financial charges | 66B | - | €244 | +€244 | |
| Profit (loss) for the period before taxes | 9903 | €96,221 | €107,433 | +€11,212 | +11.7% |
| Transfer from deferred taxes | 780 | €997 | €997 | = | 0.0% |
| Income taxes | 67/77 | €34,259 | €37,935 | +€3,676 | +10.7% |
| Profit (loss) for the period | 9904 | €62,959 | €70,495 | +€7,536 | +12.0% |
| Transfer from tax-exempt reserves | 789 | €2,992 | €2,992 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,951 | €73,487 | +€7,536 | +11.4% |
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 4 October 2026 via checked.be.