I.Vladi: 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.
I.Vladi
Largest movements
- Receivables within one year -€20,736
down €20,736 (-36.0%), from €57,538 to €36,802
- Tangible fixed assets -€1,794
down €1,794 (-85.3%), from €2,104 to €310
- Profit (loss) carried forward -€11,893
down €11,893 (-24.7%), from €48,054 to €36,161
- Tax, wage and social debts -€10,021
down €10,021 (-99.4%), from €10,080 to €60
- Gross operating margin +€7,323
up €7,323 (+51.2%), from -€14,310 to -€6,987
- Other operating charges +€588
up €588 (+66.5%), from €885 to €1,473
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 | €60,498 | €38,570 | -€21,928 | -36.2% |
| Fixed assets | 21/28 | €2,104 | €310 | -€1,794 | -85.3% |
| Tangible fixed assets | 22/27 | €2,104 | €310 | -€1,794 | -85.3% |
| Furniture and vehicles | 24 | €2,104 | €310 | -€1,794 | -85.3% |
| Current assets | 29/58 | €58,394 | €38,260 | -€20,134 | -34.5% |
| Amounts receivable within one year | 40/41 | €57,538 | €36,802 | -€20,736 | -36.0% |
| Other amounts receivable | 41 | €57,538 | €36,802 | -€20,736 | -36.0% |
| Cash at bank and in hand | 54/58 | €12 | €605 | +€593 | +4,888% |
| Deferred charges and accrued income | 490/1 | €844 | €853 | +€9 | +1.0% |
| Total equity and liabilities | 10/49 | €60,498 | €38,570 | -€21,928 | -36.2% |
| Equity | 10/15 | €49,854 | €37,961 | -€11,893 | -23.9% |
| Contributions | 10/11 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,054 | €36,161 | -€11,893 | -24.7% |
| Amounts payable | 17/49 | €10,644 | €610 | -€10,035 | -94.3% |
| Amounts payable within one year | 42/48 | €10,644 | €610 | -€10,035 | -94.3% |
| Trade debts | 44 | €564 | €550 | -€14 | -2.5% |
| Suppliers | 440/4 | €564 | €550 | -€14 | -2.5% |
| Taxes, remuneration and social security | 45 | €10,080 | €60 | -€10,021 | -99.4% |
| Taxes | 450/3 | €10,080 | €60 | -€10,021 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,797 | €1,794 | -€3 | -0.2% |
| Other operating charges | 640/8 | €885 | €1,473 | +€588 | +66.5% |
| Gross operating margin | 9900 | -€14,310 | -€6,987 | +€7,323 | +51.2% |
| Operating profit (loss) | 9901 | -€16,991 | -€10,254 | +€6,738 | +39.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,554 | €1,579 | +€25 | +1.6% |
| Recurring financial charges | 65 | €1,554 | €1,579 | +€25 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,545 | -€11,833 | +€6,712 | +36.2% |
| Income taxes | 67/77 | €128 | €60 | -€68 | -53.2% |
| Profit (loss) for the period | 9904 | -€18,673 | -€11,893 | +€6,780 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,673 | -€11,893 | +€6,780 | +36.3% |
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.