VIU: 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.
VIU
Largest movements
- Cash +€99,815
up €99,815 (+826%), from €12,080 to €111,895
mainly Net result for the year (+€151,640) and Receivables within one year (+€29,987)
- Tangible fixed assets +€72,040
up €72,040 (+124%), from €57,950 to €129,990
of which Other tangible fixed assets: +€85,755
- Receivables within one year -€29,987
down €29,987 (-38.9%), from €77,135 to €47,148
of which Trade receivables: -€45,600
- Current investments +€25,616
up €25,616 (+14.6%), from €175,885 to €201,501
- Reserves +€151,640
up €151,640 (+52.7%), from €287,637 to €439,277
of which Distributable reserves: +€151,640
- Tax, wage and social debts +€17,889
up €17,889 (+72.4%), from €24,693 to €42,582
- Gross operating margin -€169,143
down €169,143 (-41.4%), from €408,978 to €239,834
- Taxes -€43,825
down €43,825 (-41.0%), from €106,917 to €63,092
- Financial income +€13,478
new in 2025: €13,478
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 | €329,676 | €496,161 | +€166,484 | +50.5% |
| Fixed assets | 21/28 | €58,010 | €130,050 | +€72,040 | +124% |
| Tangible fixed assets | 22/27 | €57,950 | €129,990 | +€72,040 | +124% |
| Furniture and vehicles | 24 | €57,950 | €44,235 | -€13,715 | -23.7% |
| Other tangible fixed assets | 26 | - | €85,755 | +€85,755 | |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €271,666 | €366,110 | +€94,444 | +34.8% |
| Amounts receivable within one year | 40/41 | €77,135 | €47,148 | -€29,987 | -38.9% |
| Trade receivables | 40 | €64,677 | €19,077 | -€45,600 | -70.5% |
| Other amounts receivable | 41 | €12,458 | €28,071 | +€15,613 | +125% |
| Current investments | 50/53 | €175,885 | €201,501 | +€25,616 | +14.6% |
| Cash at bank and in hand | 54/58 | €12,080 | €111,895 | +€99,815 | +826% |
| Deferred charges and accrued income | 490/1 | €6,566 | €5,566 | -€1,000 | -15.2% |
| Total equity and liabilities | 10/49 | €329,676 | €496,161 | +€166,484 | +50.5% |
| Equity | 10/15 | €300,037 | €451,677 | +€151,640 | +50.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €287,637 | €439,277 | +€151,640 | +52.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €285,777 | €437,417 | +€151,640 | +53.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,639 | €44,484 | +€14,845 | +50.1% |
| Amounts payable within one year | 42/48 | €29,639 | €44,211 | +€14,572 | +49.2% |
| Trade debts | 44 | €4,946 | €1,629 | -€3,318 | -67.1% |
| Suppliers | 440/4 | €4,946 | €1,629 | -€3,318 | -67.1% |
| Taxes, remuneration and social security | 45 | €24,693 | €42,582 | +€17,889 | +72.4% |
| Taxes | 450/3 | €24,693 | €42,582 | +€17,889 | +72.4% |
| Accrued charges and deferred income | 492/3 | - | €273 | +€273 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,957 | €17,827 | -€3,130 | -14.9% |
| Other operating charges | 640/8 | €18,644 | €19,020 | +€376 | +2.0% |
| Non-recurring operating charges | 66A | €8,774 | €0 | -€8,774 | -100% |
| Gross operating margin | 9900 | €408,978 | €239,834 | -€169,143 | -41.4% |
| Operating profit (loss) | 9901 | €360,602 | €202,988 | -€157,614 | -43.7% |
| Financial income | 75/76B | - | €13,478 | +€13,478 | |
| Recurring financial income | 75 | - | €13,478 | +€13,478 | |
| Financial charges | 65/66B | €1,179 | €1,734 | +€556 | +47.1% |
| Recurring financial charges | 65 | €1,179 | €1,734 | +€556 | +47.1% |
| Profit (loss) for the period before taxes | 9903 | €359,423 | €214,731 | -€144,692 | -40.3% |
| Income taxes | 67/77 | €106,917 | €63,092 | -€43,825 | -41.0% |
| Profit (loss) for the period | 9904 | €252,506 | €151,640 | -€100,867 | -39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €252,506 | €151,640 | -€100,867 | -39.9% |
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 19 October 2026 via checked.be.