VIZIO: 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.
VIZIO
Largest movements
- Receivables within one year +€43,220
up €43,220 (+55.6%), from €77,788 to €121,008
of which Other amounts receivable: +€40,217
- Tangible fixed assets -€34,272
down €34,272 (-3.0%), from €1.2m to €1.1m
of which Land and buildings: -€30,809
- Cash -€22,036
down €22,036 (-25.6%), from €86,202 to €64,166
mainly Receivables within one year (-€43,220) and Tax, wage and social debts (-€35,157)
- Reserves +€43,145
up €43,145 (+6.9%), from €625,598 to €668,742
of which Distributable reserves: +€47,748
- Tax, wage and social debts -€35,157
down €35,157 (-74.1%), from €47,423 to €12,266
- Short-term financial debts -€20,000
no longer reported in 2025 (was €20,000)
- Gross operating margin -€320,774
down €320,774 (-77.3%), from €414,877 to €94,103
- Taxes -€81,728
down €81,728 (-76.6%), from €106,704 to €24,976
- Other operating charges -€74,121
down €74,121 (-92.6%), from €80,047 to €5,927
- Depreciation +€11,067
up €11,067 (+46.2%), from €23,960 to €35,027
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 | €1,501,971 | €1,487,195 | -€14,776 | -1.0% |
| Fixed assets | 21/28 | €1,157,642 | €1,123,370 | -€34,272 | -3.0% |
| Tangible fixed assets | 22/27 | €1,157,642 | €1,123,370 | -€34,272 | -3.0% |
| Land and buildings | 22 | €1,141,996 | €1,111,186 | -€30,809 | -2.7% |
| Plant, machinery and equipment | 23 | €1,183 | €1,233 | +€50 | +4.2% |
| Furniture and vehicles | 24 | €14,464 | €10,951 | -€3,512 | -24.3% |
| Current assets | 29/58 | €344,329 | €363,825 | +€19,496 | +5.7% |
| Amounts receivable after more than one year | 29 | €177,729 | €177,729 | = | 0.0% |
| Other amounts receivable | 291 | €177,729 | €177,729 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €77,788 | €121,008 | +€43,220 | +55.6% |
| Trade receivables | 40 | - | €3,003 | +€3,003 | |
| Other amounts receivable | 41 | €77,788 | €118,005 | +€40,217 | +51.7% |
| Cash at bank and in hand | 54/58 | €86,202 | €64,166 | -€22,036 | -25.6% |
| Deferred charges and accrued income | 490/1 | €2,611 | €923 | -€1,688 | -64.7% |
| Total equity and liabilities | 10/49 | €1,501,971 | €1,487,195 | -€14,776 | -1.0% |
| Equity | 10/15 | €1,381,903 | €1,425,048 | +€43,145 | +3.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €625,598 | €668,742 | +€43,145 | +6.9% |
| Tax-exempt reserves | 132 | €125,624 | €121,022 | -€4,603 | -3.7% |
| Distributable reserves | 133 | €499,973 | €547,721 | +€47,748 | +9.6% |
| Profit (loss) carried forward | 14 | €694,306 | €694,306 | = | 0.0% |
| Provisions and deferred taxes | 16 | €41,875 | €40,341 | -€1,534 | -3.7% |
| Deferred taxes | 168 | €41,875 | €40,341 | -€1,534 | -3.7% |
| Amounts payable | 17/49 | €78,193 | €21,807 | -€56,387 | -72.1% |
| Amounts payable within one year | 42/48 | €77,048 | €21,807 | -€55,242 | -71.7% |
| Financial debts | 43 | €20,000 | - | -€20,000 | |
| Credit institutions | 430/8 | €20,000 | - | -€20,000 | |
| Trade debts | 44 | €313 | €229 | -€84 | -26.9% |
| Suppliers | 440/4 | €313 | €229 | -€84 | -26.9% |
| Taxes, remuneration and social security | 45 | €47,423 | €12,266 | -€35,157 | -74.1% |
| Taxes | 450/3 | €47,423 | €12,266 | -€35,157 | -74.1% |
| Other amounts payable | 47/48 | €9,312 | €9,312 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,145 | - | -€1,145 | |
| Non-recurring operating income | 76A | €312,453 | - | -€312,453 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,960 | €35,027 | +€11,067 | +46.2% |
| Other operating charges | 640/8 | €80,047 | €5,927 | -€74,121 | -92.6% |
| Gross operating margin | 9900 | €414,877 | €94,103 | -€320,774 | -77.3% |
| Operating profit (loss) | 9901 | €310,870 | €53,149 | -€257,720 | -82.9% |
| Financial income | 75/76B | €13,305 | €13,906 | +€602 | +4.5% |
| Recurring financial income | 75 | €13,305 | €13,906 | +€602 | +4.5% |
| Financial charges | 65/66B | €281 | €469 | +€188 | +67.0% |
| Recurring financial charges | 65 | €281 | €469 | +€188 | +67.0% |
| Profit (loss) for the period before taxes | 9903 | €323,893 | €66,587 | -€257,307 | -79.4% |
| Transfer from deferred taxes | 780 | €1,383 | €1,534 | +€151 | +10.9% |
| Income taxes | 67/77 | €106,704 | €24,976 | -€81,728 | -76.6% |
| Profit (loss) for the period | 9904 | €218,573 | €43,145 | -€175,428 | -80.3% |
| Transfer from tax-exempt reserves | 789 | €4,150 | €4,603 | +€453 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €222,723 | €47,748 | -€174,975 | -78.6% |
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.