WIKINGER: 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.
WIKINGER
Largest movements
- Receivables within one year +€59,221
up €59,221 (+48.0%), from €123,289 to €182,510
of which Trade receivables: +€58,773
- Cash -€39,896
down €39,896 (-31.7%), from €125,702 to €85,806
mainly Contributions, distributions and other (-€84,000) and Receivables within one year (-€59,221)
- Tangible fixed assets -€34,087
down €34,087 (-36.5%), from €93,442 to €59,355
of which Furniture and vehicles: -€33,253
- Deferred charges and accrued income +€6,497
up €6,497 (+140.7%), from €4,616 to €11,113
- Current portion of long-term debt -€18,169
down €18,169 (-74.9%), from €24,271 to €6,102
- Trade debts +€10,662
up €10,662 (+60.2%), from €17,701 to €28,363
- Other debts +€7,037
up €7,037 (+4.6%), from €152,346 to €159,383
- Debts after one year -€6,102
down €6,102 (-100.0%), from €6,102 to €0
- Gross operating margin -€50,751
down €50,751 (-25.3%), from €200,630 to €149,878
- Taxes -€11,573
down €11,573 (-29.5%), from €39,278 to €27,705
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 | €444,564 | €436,299 | -€8,266 | -1.9% |
| Fixed assets | 21/28 | €93,442 | €59,355 | -€34,087 | -36.5% |
| Tangible fixed assets | 22/27 | €93,442 | €59,355 | -€34,087 | -36.5% |
| Plant, machinery and equipment | 23 | €4,175 | €3,341 | -€834 | -20.0% |
| Furniture and vehicles | 24 | €85,268 | €52,014 | -€33,253 | -39.0% |
| Other tangible fixed assets | 26 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €351,122 | €376,944 | +€25,821 | +7.4% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €72,515 | €72,515 | = | 0.0% |
| Stocks | 30/36 | €72,515 | €72,515 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €123,289 | €182,510 | +€59,221 | +48.0% |
| Trade receivables | 40 | €121,166 | €179,938 | +€58,773 | +48.5% |
| Other amounts receivable | 41 | €2,123 | €2,571 | +€448 | +21.1% |
| Cash at bank and in hand | 54/58 | €125,702 | €85,806 | -€39,896 | -31.7% |
| Deferred charges and accrued income | 490/1 | €4,616 | €11,113 | +€6,497 | +140.7% |
| Total equity and liabilities | 10/49 | €444,564 | €436,299 | -€8,266 | -1.9% |
| Equity | 10/15 | €232,049 | €231,510 | -€539 | -0.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €192,049 | €191,510 | -€539 | -0.3% |
| Distributable reserves | 133 | €192,049 | €191,510 | -€539 | -0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €212,515 | €204,789 | -€7,727 | -3.6% |
| Amounts payable after more than one year | 17 | €6,102 | €0 | -€6,102 | -100.0% |
| Financial debts | 170/4 | €6,102 | €0 | -€6,102 | -100.0% |
| Amounts payable within one year | 42/48 | €206,099 | €202,994 | -€3,106 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €24,271 | €6,102 | -€18,169 | -74.9% |
| Trade debts | 44 | €17,701 | €28,363 | +€10,662 | +60.2% |
| Suppliers | 440/4 | €17,701 | €28,363 | +€10,662 | +60.2% |
| Taxes, remuneration and social security | 45 | €11,782 | €9,146 | -€2,636 | -22.4% |
| Taxes | 450/3 | €11,782 | €9,146 | -€2,636 | -22.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €152,346 | €159,383 | +€7,037 | +4.6% |
| Accrued charges and deferred income | 492/3 | €314 | €1,795 | +€1,481 | +471.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,521 | €36,315 | -€1,206 | -3.2% |
| Other operating charges | 640/8 | €1,459 | €1,644 | +€186 | +12.7% |
| Gross operating margin | 9900 | €200,630 | €149,878 | -€50,751 | -25.3% |
| Operating profit (loss) | 9901 | €161,650 | €111,919 | -€49,731 | -30.8% |
| Financial income | 75/76B | €754 | €752 | -€1 | -0.2% |
| Recurring financial income | 75 | €754 | €752 | -€1 | -0.2% |
| Financial charges | 65/66B | €1,959 | €1,505 | -€454 | -23.2% |
| Recurring financial charges | 65 | €1,959 | €1,505 | -€454 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €160,444 | €111,166 | -€49,278 | -30.7% |
| Income taxes | 67/77 | €39,278 | €27,705 | -€11,573 | -29.5% |
| Profit (loss) for the period | 9904 | €121,166 | €83,461 | -€37,705 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €121,166 | €83,461 | -€37,705 | -31.1% |
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 30 September 2026 via checked.be.