PLACE VENDOME: 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.
PLACE VENDOME
Largest movements
- Stocks and contracts +€58,275
up €58,275 (+9.1%), from €642,965 to €701,239
- Tangible fixed assets -€20,726
down €20,726 (-11.8%), from €175,643 to €154,917
of which Other tangible fixed assets: -€19,415
- Reserves +€104,593
up €104,593 (+17.8%), from €587,452 to €692,045
of which Distributable reserves: +€104,593
- Debts after one year -€44,585
down €44,585 (-31.0%), from €143,943 to €99,358
- Short-term financial debts -€15,229
down €15,229 (-12.7%), from €120,229 to €105,000
of which Other loans: -€105,000
- Gross operating margin -€42,845
down €42,845 (-10.5%), from €409,591 to €366,746
- Staff costs +€14,694
up €14,694 (+9.5%), from €155,313 to €170,008
- Taxes -€13,539
down €13,539 (-26.8%), from €50,464 to €36,925
- Financial charges -€5,035
down €5,035 (-24.7%), from €20,396 to €15,361
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 | €982,509 | €1,023,287 | +€40,777 | +4.2% |
| Fixed assets | 21/28 | €177,666 | €155,805 | -€21,861 | -12.3% |
| Intangible fixed assets | 21 | €2,023 | €888 | -€1,135 | -56.1% |
| Tangible fixed assets | 22/27 | €175,643 | €154,917 | -€20,726 | -11.8% |
| Plant, machinery and equipment | 23 | €389 | €171 | -€218 | -56.0% |
| Furniture and vehicles | 24 | €3,337 | €2,243 | -€1,093 | -32.8% |
| Other tangible fixed assets | 26 | €171,918 | €152,503 | -€19,415 | -11.3% |
| Current assets | 29/58 | €804,843 | €867,482 | +€62,638 | +7.8% |
| Stocks and contracts in progress | 3 | €642,965 | €701,239 | +€58,275 | +9.1% |
| Stocks | 30/36 | €642,965 | €701,239 | +€58,275 | +9.1% |
| Amounts receivable within one year | 40/41 | €20,389 | €29,857 | +€9,467 | +46.4% |
| Trade receivables | 40 | €644 | €3,145 | +€2,501 | +389% |
| Other amounts receivable | 41 | €19,746 | €26,712 | +€6,966 | +35.3% |
| Cash at bank and in hand | 54/58 | €104,511 | €98,587 | -€5,925 | -5.7% |
| Deferred charges and accrued income | 490/1 | €36,978 | €37,799 | +€821 | +2.2% |
| Total equity and liabilities | 10/49 | €982,509 | €1,023,287 | +€40,777 | +4.2% |
| Equity | 10/15 | €606,907 | €711,501 | +€104,593 | +17.2% |
| Contributions | 10/11 | €19,455 | €19,455 | = | 0.0% |
| Reserves | 13 | €587,452 | €692,045 | +€104,593 | +17.8% |
| Tax-exempt reserves | 132 | €2,686 | €2,686 | = | 0.0% |
| Distributable reserves | 133 | €584,766 | €689,360 | +€104,593 | +17.9% |
| Amounts payable | 17/49 | €375,602 | €311,786 | -€63,816 | -17.0% |
| Amounts payable after more than one year | 17 | €143,943 | €99,358 | -€44,585 | -31.0% |
| Financial debts | 170/4 | €143,943 | €99,358 | -€44,585 | -31.0% |
| Amounts payable within one year | 42/48 | €230,024 | €211,168 | -€18,855 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €42,435 | €44,585 | +€2,150 | +5.1% |
| Financial debts | 43 | €120,229 | €105,000 | -€15,229 | -12.7% |
| Credit institutions | 430/8 | €15,229 | €105,000 | +€89,771 | +589% |
| Other loans | 439 | €105,000 | - | -€105,000 | |
| Trade debts | 44 | €3,980 | €3,941 | -€39 | -1.0% |
| Suppliers | 440/4 | €3,980 | €3,941 | -€39 | -1.0% |
| Taxes, remuneration and social security | 45 | €62,630 | €57,642 | -€4,987 | -8.0% |
| Taxes | 450/3 | €41,465 | €33,761 | -€7,704 | -18.6% |
| Remuneration and social security | 454/9 | €21,165 | €23,882 | +€2,717 | +12.8% |
| Other amounts payable | 47/48 | €750 | €0 | -€750 | -100% |
| Accrued charges and deferred income | 492/3 | €1,635 | €1,259 | -€376 | -23.0% |
| Remuneration, social security and pensions | 62 | €155,313 | €170,008 | +€14,694 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,913 | €37,206 | +€1,293 | +3.6% |
| Other operating charges | 640/8 | €2,409 | €3,079 | +€670 | +27.8% |
| Gross operating margin | 9900 | €409,591 | €366,746 | -€42,845 | -10.5% |
| Operating profit (loss) | 9901 | €215,956 | €156,453 | -€59,503 | -27.6% |
| Financial income | 75/76B | €23 | €427 | +€404 | +1,792% |
| Recurring financial income | 75 | €23 | €427 | +€404 | +1,792% |
| Financial charges | 65/66B | €20,396 | €15,361 | -€5,035 | -24.7% |
| Recurring financial charges | 65 | €20,396 | €15,361 | -€5,035 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €195,582 | €141,518 | -€54,063 | -27.6% |
| Income taxes | 67/77 | €50,464 | €36,925 | -€13,539 | -26.8% |
| Profit (loss) for the period | 9904 | €145,117 | €104,593 | -€40,524 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €145,117 | €104,593 | -€40,524 | -27.9% |
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 23 October 2026 via checked.be.