OLIVIER VADIM: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
OLIVIER VADIM
Largest movements
- Tangible fixed assets -€204
down €204 (-15.0%), from €1,356 to €1,152
- Cash -€21
down €21 (-56.3%), from €37 to €16
mainly Other debts (-€2,026)
- Other debts -€2,026
down €2,026 (-2.7%), from €76,288 to €74,262
- Profit (loss) carried forward +€1,801
up €1,801 (+1.9%), from -€93,459 to -€91,658
- Gross operating margin -€2,032
down €2,032 (-48.1%), from €4,226 to €2,194
- Other operating charges -€384
down €384 (-72.7%), from €528 to €144
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,393 | €1,169 | -€224 | -16.1% |
| Fixed assets | 21/28 | €1,356 | €1,152 | -€204 | -15.0% |
| Tangible fixed assets | 22/27 | €1,356 | €1,152 | -€204 | -15.0% |
| Plant, machinery and equipment | 23 | €1,356 | €1,152 | -€204 | -15.0% |
| Current assets | 29/58 | €37 | €16 | -€21 | -56.3% |
| Cash at bank and in hand | 54/58 | €37 | €16 | -€21 | -56.3% |
| Total equity and liabilities | 10/49 | €1,393 | €1,169 | -€224 | -16.1% |
| Equity | 10/15 | -€74,895 | -€73,094 | +€1,801 | +2.4% |
| Contributions | 10/11 | €12,705 | €12,705 | = | 0.0% |
| Reserves | 13 | €5,860 | €5,860 | = | 0.0% |
| Distributable reserves | 133 | €5,860 | €5,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,459 | -€91,658 | +€1,801 | +1.9% |
| Amounts payable | 17/49 | €76,288 | €74,262 | -€2,026 | -2.7% |
| Amounts payable within one year | 42/48 | €76,288 | €74,262 | -€2,026 | -2.7% |
| Other amounts payable | 47/48 | €76,288 | €74,262 | -€2,026 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164 | €204 | +€40 | +24.3% |
| Other operating charges | 640/8 | €528 | €144 | -€384 | -72.7% |
| Non-recurring operating charges | 66A | €1,257 | - | -€1,257 | |
| Gross operating margin | 9900 | €4,226 | €2,194 | -€2,032 | -48.1% |
| Operating profit (loss) | 9901 | €2,277 | €1,846 | -€431 | -18.9% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €2,232 | €1,801 | -€431 | -19.3% |
| Profit (loss) for the period | 9904 | €2,232 | €1,801 | -€431 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,232 | €1,801 | -€431 | -19.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.