VISCARDYBOIS: 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.
VISCARDYBOIS
Largest movements
- Tangible fixed assets -€38,576
down €38,576 (-31.8%), from €121,410 to €82,834
of which Plant, machinery and equipment: -€29,322
- Stocks and contracts +€22,202
up €22,202 (+5.2%), from €430,793 to €452,995
- Receivables within one year -€10,266
down €10,266 (-11.9%), from €86,242 to €75,976
- Other debts -€57,919
down €57,919 (-63.9%), from €90,629 to €32,711
- Short-term financial debts +€50,000
new in 2025: €50,000
- Trade debts +€43,694
up €43,694 (+31.2%), from €140,043 to €183,737
- Debts after one year -€35,054
down €35,054 (-60.7%), from €57,742 to €22,688
- Current portion of long-term debt -€11,217
down €11,217 (-23.1%), from €48,501 to €37,283
- Gross operating margin -€8,985
down €8,985 (-5.0%), from €180,739 to €171,754
- Staff costs -€5,378
down €5,378 (-4.0%), from €135,166 to €129,787
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 | €650,503 | €627,104 | -€23,399 | -3.6% |
| Fixed assets | 21/28 | €121,818 | €83,243 | -€38,576 | -31.7% |
| Tangible fixed assets | 22/27 | €121,410 | €82,834 | -€38,576 | -31.8% |
| Plant, machinery and equipment | 23 | €91,354 | €62,032 | -€29,322 | -32.1% |
| Furniture and vehicles | 24 | €30,056 | €20,802 | -€9,253 | -30.8% |
| Financial fixed assets | 28 | €409 | €409 | = | 0.0% |
| Current assets | 29/58 | €528,685 | €543,861 | +€15,177 | +2.9% |
| Stocks and contracts in progress | 3 | €430,793 | €452,995 | +€22,202 | +5.2% |
| Stocks | 30/36 | €430,793 | €452,995 | +€22,202 | +5.2% |
| Amounts receivable within one year | 40/41 | €86,242 | €75,976 | -€10,266 | -11.9% |
| Trade receivables | 40 | €86,242 | €75,976 | -€10,266 | -11.9% |
| Cash at bank and in hand | 54/58 | €11,649 | €14,891 | +€3,241 | +27.8% |
| Total equity and liabilities | 10/49 | €650,503 | €627,104 | -€23,399 | -3.6% |
| Equity | 10/15 | €253,748 | €248,854 | -€4,895 | -1.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €13,804 | €13,804 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €11,804 | €11,804 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,462 | €199,752 | -€2,709 | -1.3% |
| Investment grants | 15 | €17,482 | €15,297 | -€2,185 | -12.5% |
| Provisions and deferred taxes | 16 | €5,827 | €5,099 | -€728 | -12.5% |
| Deferred taxes | 168 | €5,827 | €5,099 | -€728 | -12.5% |
| Amounts payable | 17/49 | €390,927 | €373,151 | -€17,776 | -4.5% |
| Amounts payable after more than one year | 17 | €57,742 | €22,688 | -€35,054 | -60.7% |
| Financial debts | 170/4 | €57,742 | €22,688 | -€35,054 | -60.7% |
| Amounts payable within one year | 42/48 | €333,186 | €350,463 | +€17,278 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €48,501 | €37,283 | -€11,217 | -23.1% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €140,043 | €183,737 | +€43,694 | +31.2% |
| Suppliers | 440/4 | €140,043 | €183,737 | +€43,694 | +31.2% |
| Taxes, remuneration and social security | 45 | €54,013 | €46,732 | -€7,280 | -13.5% |
| Taxes | 450/3 | €25,918 | €17,191 | -€8,727 | -33.7% |
| Remuneration and social security | 454/9 | €28,095 | €29,542 | +€1,447 | +5.1% |
| Other amounts payable | 47/48 | €90,629 | €32,711 | -€57,919 | -63.9% |
| Remuneration, social security and pensions | 62 | €135,166 | €129,787 | -€5,378 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,800 | €38,576 | +€776 | +2.1% |
| Gross operating margin | 9900 | €180,739 | €171,754 | -€8,985 | -5.0% |
| Operating profit (loss) | 9901 | €7,773 | €3,391 | -€4,383 | -56.4% |
| Financial income | 75/76B | €2,914 | €2,918 | +€5 | +0.2% |
| Recurring financial income | 75 | €2,914 | €2,918 | +€5 | +0.2% |
| Financial charges | 65/66B | €7,587 | €9,019 | +€1,432 | +18.9% |
| Recurring financial charges | 65 | €7,587 | €5,672 | -€1,915 | -25.2% |
| Non-recurring financial charges | 66B | - | €3,347 | +€3,347 | |
| Profit (loss) for the period before taxes | 9903 | €3,101 | -€2,709 | -€5,810 | |
| Profit (loss) for the period | 9904 | €3,101 | -€2,709 | -€5,810 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,101 | -€2,709 | -€5,810 |
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 17 October 2026 via checked.be.