V.I.D.A.L.: 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.
V.I.D.A.L.
Largest movements
- Tangible fixed assets -€39,439
down €39,439 (-8.0%), from €495,358 to €455,919
- Debts after one year -€42,597
down €42,597 (-8.6%), from €496,115 to €453,518
- Current portion of long-term debt +€21,579
up €21,579 (+1,245%), from €1,733 to €23,312
- Profit (loss) carried forward -€18,872
down €18,872 (-16.5%), from -€114,684 to -€133,556
- Depreciation -€3,407
down €3,407 (-8.0%), from €42,847 to €39,439
- Gross operating margin -€2,175
down €2,175 (-6.0%), from €36,157 to €33,982
- Financial charges -€476
down €476 (-4.2%), from €11,289 to €10,813
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 | €517,279 | €477,932 | -€39,347 | -7.6% |
| Fixed assets | 21/28 | €495,358 | €455,919 | -€39,439 | -8.0% |
| Tangible fixed assets | 22/27 | €495,358 | €455,919 | -€39,439 | -8.0% |
| Land and buildings | 22 | €495,358 | €455,919 | -€39,439 | -8.0% |
| Current assets | 29/58 | €21,920 | €22,013 | +€92 | +0.4% |
| Cash at bank and in hand | 54/58 | €20,989 | €21,038 | +€49 | +0.2% |
| Deferred charges and accrued income | 490/1 | €932 | €975 | +€43 | +4.6% |
| Total equity and liabilities | 10/49 | €517,279 | €477,932 | -€39,347 | -7.6% |
| Equity | 10/15 | €2,817 | -€16,055 | -€18,872 | |
| Contributions | 10/11 | €24,738 | €24,738 | = | 0.0% |
| Reserves | 13 | €92,763 | €92,763 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,474 | €2,474 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,474 | €2,474 | = | 0.0% |
| Distributable reserves | 133 | €90,290 | €90,290 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,684 | -€133,556 | -€18,872 | -16.5% |
| Amounts payable | 17/49 | €514,461 | €493,986 | -€20,475 | -4.0% |
| Amounts payable after more than one year | 17 | €496,115 | €453,518 | -€42,597 | -8.6% |
| Financial debts | 170/4 | €496,115 | €453,518 | -€42,597 | -8.6% |
| Amounts payable within one year | 42/48 | €18,346 | €40,469 | +€22,122 | +121% |
| Current portion of amounts payable after more than one year | 42 | €1,733 | €23,312 | +€21,579 | +1,245% |
| Trade debts | 44 | €387 | €895 | +€508 | +131% |
| Suppliers | 440/4 | €387 | €895 | +€508 | +131% |
| Other amounts payable | 47/48 | €16,225 | €16,261 | +€36 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,847 | €39,439 | -€3,407 | -8.0% |
| Other operating charges | 640/8 | €2,522 | €2,601 | +€79 | +3.1% |
| Gross operating margin | 9900 | €36,157 | €33,982 | -€2,175 | -6.0% |
| Operating profit (loss) | 9901 | -€9,212 | -€8,059 | +€1,153 | +12.5% |
| Financial charges | 65/66B | €11,289 | €10,813 | -€476 | -4.2% |
| Recurring financial charges | 65 | €11,289 | €10,813 | -€476 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,501 | -€18,872 | +€1,629 | +7.9% |
| Profit (loss) for the period | 9904 | -€20,501 | -€18,872 | +€1,629 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,501 | -€18,872 | +€1,629 | +7.9% |
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 24 October 2026 via checked.be.