VYCALINE: 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.
VYCALINE
Largest movements
- Stocks and contracts -€1,493
down €1,493 (-18.3%), from €8,178 to €6,684
- Tangible fixed assets -€1,480
down €1,480 (-48.4%), from €3,060 to €1,580
of which Furniture and vehicles: -€1,289
- Cash -€637
down €637 (-46.7%), from €1,363 to €726
mainly Current portion of long-term debt (-€8,049) and Trade debts (-€3,394)
- Receivables within one year +€222
up €222, from €0 to €222
- Other debts +€10,665
up €10,665 (+20.3%), from €52,434 to €63,100
- Current portion of long-term debt -€8,049
down €8,049 (-87.3%), from €9,220 to €1,171
- Trade debts -€3,394
down €3,394 (-96.1%), from €3,532 to €138
- Debts after one year -€1,171
down €1,171 (-100.0%), from €1,171 to €0
- Short-term financial debts -€532
down €532 (-12.5%), from €4,253 to €3,721
- Gross operating margin -€12,174
down €12,174 (-66.1%), from €18,413 to €6,239
- Financial charges -€702
down €702 (-21.7%), from €3,236 to €2,533
- Other operating charges -€398
down €398 (-13.2%), from €3,005 to €2,607
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 | €12,601 | €9,212 | -€3,388 | -26.9% |
| Fixed assets | 21/28 | €3,060 | €1,580 | -€1,480 | -48.4% |
| Tangible fixed assets | 22/27 | €3,060 | €1,580 | -€1,480 | -48.4% |
| Furniture and vehicles | 24 | €1,289 | €0 | -€1,289 | -100.0% |
| Other tangible fixed assets | 26 | €1,771 | €1,580 | -€191 | -10.8% |
| Current assets | 29/58 | €9,541 | €7,633 | -€1,908 | -20.0% |
| Stocks and contracts in progress | 3 | €8,178 | €6,684 | -€1,493 | -18.3% |
| Stocks | 30/36 | €8,178 | €6,684 | -€1,493 | -18.3% |
| Amounts receivable within one year | 40/41 | €0 | €222 | +€222 | |
| Other amounts receivable | 41 | €0 | €222 | +€222 | |
| Cash at bank and in hand | 54/58 | €1,363 | €726 | -€637 | -46.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €12,601 | €9,212 | -€3,388 | -26.9% |
| Equity | 10/15 | -€60,990 | -€61,366 | -€377 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,590 | -€79,966 | -€377 | -0.5% |
| Amounts payable | 17/49 | €73,590 | €70,579 | -€3,012 | -4.1% |
| Amounts payable after more than one year | 17 | €1,171 | €0 | -€1,171 | -100.0% |
| Financial debts | 170/4 | €1,171 | €0 | -€1,171 | -100.0% |
| Amounts payable within one year | 42/48 | €72,420 | €70,579 | -€1,841 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €9,220 | €1,171 | -€8,049 | -87.3% |
| Financial debts | 43 | €4,253 | €3,721 | -€532 | -12.5% |
| Credit institutions | 430/8 | €4,253 | €3,721 | -€532 | -12.5% |
| Trade debts | 44 | €3,532 | €138 | -€3,394 | -96.1% |
| Suppliers | 440/4 | €3,532 | €138 | -€3,394 | -96.1% |
| Taxes, remuneration and social security | 45 | €2,980 | €2,449 | -€531 | -17.8% |
| Taxes | 450/3 | €1,980 | €1,449 | -€531 | -26.8% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €52,434 | €63,100 | +€10,665 | +20.3% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,484 | €1,480 | -€4 | -0.3% |
| Other operating charges | 640/8 | €3,005 | €2,607 | -€398 | -13.2% |
| Gross operating margin | 9900 | €18,413 | €6,239 | -€12,174 | -66.1% |
| Operating profit (loss) | 9901 | €13,924 | €2,152 | -€11,772 | -84.5% |
| Financial income | 75/76B | €14 | €5 | -€9 | -64.1% |
| Recurring financial income | 75 | €14 | €5 | -€9 | -64.1% |
| Financial charges | 65/66B | €3,236 | €2,533 | -€702 | -21.7% |
| Recurring financial charges | 65 | €3,236 | €2,533 | -€702 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €10,702 | -€377 | -€11,079 | |
| Profit (loss) for the period | 9904 | €10,702 | -€377 | -€11,079 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,702 | -€377 | -€11,079 |
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 7 October 2026 via checked.be.