ViWORX: 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.
ViWORX
Largest movements
- Cash -€51,914
down €51,914 (-26.4%), from €196,360 to €144,446
mainly Receivables within one year (-€21,150) and Other debts (-€18,166)
- Receivables within one year +€21,150
up €21,150 (+18.8%), from €112,524 to €133,674
of which Trade receivables: +€16,572
- Stocks and contracts +€10,526
up €10,526 (+72.2%), from €14,578 to €25,104
- Other debts -€18,166
down €18,166 (-35.1%), from €51,816 to €33,650
- Tax, wage and social debts -€8,023
down €8,023 (-64.0%), from €12,528 to €4,505
of which Remuneration and social security: -€4,261
- Reserves +€6,691
up €6,691 (+2.1%), from €311,834 to €318,525
of which Distributable reserves: +€6,691
- Gross operating margin -€21,420
down €21,420 (-32.0%), from €66,969 to €45,549
- Write-downs -€10,593
no longer reported in 2025 (was €10,593)
- Taxes -€4,762
down €4,762 (-57.7%), from €8,250 to €3,488
- Depreciation +€2,123
up €2,123 (+17.3%), from €12,267 to €14,390
- Financial charges +€1,200
up €1,200 (+31.1%), from €3,859 to €5,059
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 | €395,256 | €374,524 | -€20,733 | -5.2% |
| Fixed assets | 21/28 | €64,272 | €63,411 | -€860 | -1.3% |
| Tangible fixed assets | 22/27 | €64,272 | €63,411 | -€860 | -1.3% |
| Land and buildings | 22 | €3,671 | €6,397 | +€2,726 | +74.3% |
| Plant, machinery and equipment | 23 | €54,862 | €49,070 | -€5,791 | -10.6% |
| Furniture and vehicles | 24 | €5,739 | €7,944 | +€2,204 | +38.4% |
| Current assets | 29/58 | €330,985 | €311,113 | -€19,872 | -6.0% |
| Stocks and contracts in progress | 3 | €14,578 | €25,104 | +€10,526 | +72.2% |
| Stocks | 30/36 | €14,578 | €25,104 | +€10,526 | +72.2% |
| Amounts receivable within one year | 40/41 | €112,524 | €133,674 | +€21,150 | +18.8% |
| Trade receivables | 40 | €105,700 | €122,272 | +€16,572 | +15.7% |
| Other amounts receivable | 41 | €6,824 | €11,402 | +€4,578 | +67.1% |
| Cash at bank and in hand | 54/58 | €196,360 | €144,446 | -€51,914 | -26.4% |
| Deferred charges and accrued income | 490/1 | €7,522 | €7,888 | +€366 | +4.9% |
| Total equity and liabilities | 10/49 | €395,256 | €374,524 | -€20,733 | -5.2% |
| Equity | 10/15 | €324,234 | €330,925 | +€6,691 | +2.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €311,834 | €318,525 | +€6,691 | +2.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €291,224 | €297,915 | +€6,691 | +2.3% |
| Amounts payable | 17/49 | €71,023 | €43,599 | -€27,424 | -38.6% |
| Amounts payable within one year | 42/48 | €66,016 | €38,690 | -€27,326 | -41.4% |
| Trade debts | 44 | €1,672 | €535 | -€1,137 | -68.0% |
| Suppliers | 440/4 | €1,672 | €535 | -€1,137 | -68.0% |
| Taxes, remuneration and social security | 45 | €12,528 | €4,505 | -€8,023 | -64.0% |
| Taxes | 450/3 | €4,873 | €1,111 | -€3,762 | -77.2% |
| Remuneration and social security | 454/9 | €7,655 | €3,394 | -€4,261 | -55.7% |
| Other amounts payable | 47/48 | €51,816 | €33,650 | -€18,166 | -35.1% |
| Accrued charges and deferred income | 492/3 | €5,007 | €4,909 | -€98 | -2.0% |
| Remuneration, social security and pensions | 62 | €13,389 | €14,014 | +€625 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,267 | €14,390 | +€2,123 | +17.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,593 | - | -€10,593 | |
| Other operating charges | 640/8 | €2,265 | €2,819 | +€554 | +24.5% |
| Gross operating margin | 9900 | €66,969 | €45,549 | -€21,420 | -32.0% |
| Operating profit (loss) | 9901 | €28,454 | €14,325 | -€14,130 | -49.7% |
| Financial income | 75/76B | €1,124 | €914 | -€210 | -18.7% |
| Recurring financial income | 75 | €1,124 | €914 | -€210 | -18.7% |
| Financial charges | 65/66B | €3,859 | €5,059 | +€1,200 | +31.1% |
| Recurring financial charges | 65 | €3,859 | €5,059 | +€1,200 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €25,720 | €10,180 | -€15,540 | -60.4% |
| Income taxes | 67/77 | €8,250 | €3,488 | -€4,762 | -57.7% |
| Profit (loss) for the period | 9904 | €17,469 | €6,691 | -€10,778 | -61.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,469 | €6,691 | -€10,778 | -61.7% |
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 15 October 2026 via checked.be.