Vanda Group: 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.
Vanda Group
Largest movements
- Tangible fixed assets +€160,257
new in 2025: €160,257
of which Land and buildings: +€135,652
- Receivables within one year +€148,262
up €148,262 (+105%), from €141,814 to €290,076
of which Trade receivables: +€97,405
- Trade debts +€218,425
up €218,425 (+9,102%), from €2,400 to €220,825
- Reserves +€93,102
up €93,102 (+82.8%), from €112,500 to €205,602
- Other debts -€26,073
down €26,073 (-95.0%), from €27,454 to €1,381
- Tax, wage and social debts +€24,774
up €24,774 (+61.1%), from €40,575 to €65,349
of which Remuneration and social security: +€35,986
- Gross operating margin -€22,323
down €22,323 (-15.3%), from €145,705 to €123,382
- Taxes -€10,887
down €10,887 (-34.9%), from €31,235 to €20,349
- Depreciation +€7,630
new in 2025: €7,630
- Other operating charges +€1,466
up €1,466 (+1,056%), from €139 to €1,604
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 | €186,135 | €496,362 | +€310,228 | +167% |
| Fixed assets | 21/28 | - | €160,257 | +€160,257 | |
| Tangible fixed assets | 22/27 | - | €160,257 | +€160,257 | |
| Land and buildings | 22 | - | €135,652 | +€135,652 | |
| Plant, machinery and equipment | 23 | - | €24,605 | +€24,605 | |
| Current assets | 29/58 | €186,135 | €336,106 | +€149,971 | +80.6% |
| Amounts receivable within one year | 40/41 | €141,814 | €290,076 | +€148,262 | +105% |
| Trade receivables | 40 | €141,800 | €239,205 | +€97,405 | +68.7% |
| Other amounts receivable | 41 | €14 | €50,871 | +€50,857 | +358,654% |
| Cash at bank and in hand | 54/58 | €44,320 | €46,029 | +€1,709 | +3.9% |
| Total equity and liabilities | 10/49 | €186,135 | €496,362 | +€310,228 | +167% |
| Equity | 10/15 | €115,706 | €208,808 | +€93,102 | +80.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €112,500 | €205,602 | +€93,102 | +82.8% |
| Distributable reserves | 133 | €112,500 | €205,602 | +€93,102 | +82.8% |
| Profit (loss) carried forward | 14 | €1,206 | €1,206 | = | 0.0% |
| Amounts payable | 17/49 | €70,428 | €287,554 | +€217,126 | +308% |
| Amounts payable within one year | 42/48 | €70,428 | €287,554 | +€217,126 | +308% |
| Trade debts | 44 | €2,400 | €220,825 | +€218,425 | +9,102% |
| Suppliers | 440/4 | €2,400 | €220,825 | +€218,425 | +9,102% |
| Taxes, remuneration and social security | 45 | €40,575 | €65,349 | +€24,774 | +61.1% |
| Taxes | 450/3 | €40,575 | €29,363 | -€11,211 | -27.6% |
| Remuneration and social security | 454/9 | - | €35,986 | +€35,986 | |
| Other amounts payable | 47/48 | €27,454 | €1,381 | -€26,073 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,630 | +€7,630 | |
| Other operating charges | 640/8 | €139 | €1,604 | +€1,466 | +1,056% |
| Gross operating margin | 9900 | €145,705 | €123,382 | -€22,323 | -15.3% |
| Operating profit (loss) | 9901 | €145,566 | €114,147 | -€31,419 | -21.6% |
| Financial charges | 65/66B | €625 | €697 | +€72 | +11.5% |
| Recurring financial charges | 65 | €625 | €697 | +€72 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €144,942 | €113,451 | -€31,491 | -21.7% |
| Income taxes | 67/77 | €31,235 | €20,349 | -€10,887 | -34.9% |
| Profit (loss) for the period | 9904 | €113,706 | €93,102 | -€20,605 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €113,706 | €93,102 | -€20,605 | -18.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.