VYKO: 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.
VYKO
Largest movements
- Financial fixed assets -€152,777
down €152,777 (-100.0%), from €152,777 to €0
- Current investments +€150,000
new in 2025: €150,000
- Cash +€39,999
up €39,999 (+21.2%), from €189,059 to €229,058
mainly Investment in fixed assets (net) (+€148,940) and Net result for the year (+€41,653)
- Tangible fixed assets -€8,553
down €8,553 (-17.8%), from €48,023 to €39,470
of which Furniture and vehicles: -€10,915
- Receivables within one year -€4,539
down €4,539 (-17.0%), from €26,714 to €22,175
of which Trade receivables: -€8,767
- Reserves +€41,653
up €41,653 (+34.8%), from €119,766 to €161,419
- Tax, wage and social debts -€39,319
down €39,319 (-47.1%), from €83,478 to €44,159
of which Taxes: -€24,319
- Other debts +€36,959
up €36,959 (+23.6%), from €156,305 to €193,265
- Debts after one year -€15,331
down €15,331 (-66.4%), from €23,081 to €7,750
- Gross operating margin -€19,026
down €19,026 (-21.2%), from €89,859 to €70,833
- Financial income +€13,958
up €13,958 (+139582100.0%), from €0 to €13,958
- Taxes -€6,212
down €6,212 (-28.6%), from €21,697 to €15,485
- Depreciation +€5,369
up €5,369 (+76.5%), from €7,021 to €12,390
- Other operating charges -€1,571
down €1,571 (-38.7%), from €4,057 to €2,485
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 | €417,738 | €442,109 | +€24,371 | +5.8% |
| Fixed assets | 21/28 | €200,800 | €39,470 | -€161,330 | -80.3% |
| Tangible fixed assets | 22/27 | €48,023 | €39,470 | -€8,553 | -17.8% |
| Furniture and vehicles | 24 | €45,781 | €34,866 | -€10,915 | -23.8% |
| Other tangible fixed assets | 26 | €2,242 | €4,604 | +€2,362 | +105.4% |
| Financial fixed assets | 28 | €152,777 | €0 | -€152,777 | -100.0% |
| Current assets | 29/58 | €216,938 | €402,640 | +€185,701 | +85.6% |
| Amounts receivable within one year | 40/41 | €26,714 | €22,175 | -€4,539 | -17.0% |
| Trade receivables | 40 | €22,970 | €14,203 | -€8,767 | -38.2% |
| Other amounts receivable | 41 | €3,744 | €7,972 | +€4,228 | +112.9% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €189,059 | €229,058 | +€39,999 | +21.2% |
| Deferred charges and accrued income | 490/1 | €1,165 | €1,406 | +€240 | +20.6% |
| Total equity and liabilities | 10/49 | €417,738 | €442,109 | +€24,371 | +5.8% |
| Equity | 10/15 | €139,766 | €181,419 | +€41,653 | +29.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €119,766 | €161,419 | +€41,653 | +34.8% |
| Distributable reserves | 133 | €119,766 | €161,419 | +€41,653 | +34.8% |
| Amounts payable | 17/49 | €277,972 | €260,690 | -€17,282 | -6.2% |
| Amounts payable after more than one year | 17 | €23,081 | €7,750 | -€15,331 | -66.4% |
| Financial debts | 170/4 | €23,081 | €7,750 | -€15,331 | -66.4% |
| Amounts payable within one year | 42/48 | €254,891 | €252,940 | -€1,951 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €15,107 | €15,331 | +€224 | +1.5% |
| Trade debts | 44 | €0 | €185 | +€185 | |
| Suppliers | 440/4 | €0 | €185 | +€185 | |
| Taxes, remuneration and social security | 45 | €83,478 | €44,159 | -€39,319 | -47.1% |
| Taxes | 450/3 | €68,478 | €44,159 | -€24,319 | -35.5% |
| Remuneration and social security | 454/9 | €15,000 | €0 | -€15,000 | -100.0% |
| Other amounts payable | 47/48 | €156,305 | €193,265 | +€36,959 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,021 | €12,390 | +€5,369 | +76.5% |
| Other operating charges | 640/8 | €4,057 | €2,485 | -€1,571 | -38.7% |
| Gross operating margin | 9900 | €89,859 | €70,833 | -€19,026 | -21.2% |
| Operating profit (loss) | 9901 | €78,781 | €55,957 | -€22,824 | -29.0% |
| Financial income | 75/76B | €0 | €13,958 | +€13,958 | +139582100.0% |
| Recurring financial income | 75 | €0 | €13,958 | +€13,958 | +139582100.0% |
| Financial charges | 65/66B | €13,906 | €12,777 | -€1,129 | -8.1% |
| Recurring financial charges | 65 | €13,906 | €12,777 | -€1,129 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €64,875 | €57,138 | -€7,737 | -11.9% |
| Income taxes | 67/77 | €21,697 | €15,485 | -€6,212 | -28.6% |
| Profit (loss) for the period | 9904 | €43,178 | €41,653 | -€1,525 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,178 | €41,653 | -€1,525 | -3.5% |
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 8 October 2026 via checked.be.