VANDIRA: 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.
VANDIRA
Largest movements
- Tangible fixed assets -€16,924
down €16,924 (-2.8%), from €607,515 to €590,591
of which Land and buildings: -€12,205
- Profit (loss) carried forward -€17,233
down €17,233 (-12.5%), from €138,414 to €121,181
- Trade debts -€8,969
down €8,969 (-82.2%), from €10,914 to €1,944
- Other debts +€7,700
up €7,700 (+29.5%), from €26,089 to €33,789
- Accrued charges and deferred income +€7,484
new in 2025: €7,484
- Current portion of long-term debt +€6,270
up €6,270 (+186%), from €3,368 to €9,638
- Gross operating margin +€14,134
up €14,134 (+120%), from €11,805 to €25,939
- Other operating charges +€7,658
up €7,658 (+97.9%), from €7,826 to €15,484
- Depreciation -€1,764
down €1,764 (-5.0%), from €35,269 to €33,505
- Financial charges +€655
up €655 (+163%), from €401 to €1,056
- Financial income +€261
up €261 (+90.6%), from €288 to €550
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 | €611,077 | €596,184 | -€14,894 | -2.4% |
| Fixed assets | 21/28 | €607,515 | €590,591 | -€16,924 | -2.8% |
| Tangible fixed assets | 22/27 | €607,515 | €590,591 | -€16,924 | -2.8% |
| Land and buildings | 22 | €595,117 | €582,912 | -€12,205 | -2.1% |
| Furniture and vehicles | 24 | €12,398 | €7,679 | -€4,719 | -38.1% |
| Current assets | 29/58 | €3,563 | €5,593 | +€2,030 | +57.0% |
| Cash at bank and in hand | 54/58 | €2,645 | €4,450 | +€1,805 | +68.2% |
| Deferred charges and accrued income | 490/1 | €918 | €1,143 | +€225 | +24.5% |
| Total equity and liabilities | 10/49 | €611,077 | €596,184 | -€14,894 | -2.4% |
| Equity | 10/15 | €520,458 | €498,349 | -€22,110 | -4.2% |
| Contributions | 10/11 | €263,568 | €263,568 | = | 0.0% |
| Capital | 10 | €263,568 | €263,568 | = | 0.0% |
| Issued capital | 100 | €263,568 | €263,568 | = | 0.0% |
| Reserves | 13 | €118,476 | €113,599 | -€4,877 | -4.1% |
| Non-distributable reserves | 130/1 | €26,357 | €26,357 | = | 0.0% |
| Legal reserve | 130 | €26,357 | €26,357 | = | 0.0% |
| Tax-exempt reserves | 132 | €92,119 | €87,242 | -€4,877 | -5.3% |
| Profit (loss) carried forward | 14 | €138,414 | €121,181 | -€17,233 | -12.5% |
| Provisions and deferred taxes | 16 | €30,706 | €29,081 | -€1,626 | -5.3% |
| Deferred taxes | 168 | €30,706 | €29,081 | -€1,626 | -5.3% |
| Amounts payable | 17/49 | €59,913 | €68,754 | +€8,842 | +14.8% |
| Amounts payable after more than one year | 17 | €19,371 | €15,719 | -€3,652 | -18.9% |
| Financial debts | 170/4 | €19,371 | €15,719 | -€3,652 | -18.9% |
| Amounts payable within one year | 42/48 | €40,541 | €45,551 | +€5,010 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €3,368 | €9,638 | +€6,270 | +186% |
| Trade debts | 44 | €10,914 | €1,944 | -€8,969 | -82.2% |
| Suppliers | 440/4 | €10,914 | €1,944 | -€8,969 | -82.2% |
| Taxes, remuneration and social security | 45 | €171 | €180 | +€9 | +5.3% |
| Taxes | 450/3 | €171 | €180 | +€9 | +5.3% |
| Other amounts payable | 47/48 | €26,089 | €33,789 | +€7,700 | +29.5% |
| Accrued charges and deferred income | 492/3 | - | €7,484 | +€7,484 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,269 | €33,505 | -€1,764 | -5.0% |
| Other operating charges | 640/8 | €7,826 | €15,484 | +€7,658 | +97.9% |
| Gross operating margin | 9900 | €11,805 | €25,939 | +€14,134 | +120% |
| Operating profit (loss) | 9901 | -€31,290 | -€23,050 | +€8,240 | +26.3% |
| Financial income | 75/76B | €288 | €550 | +€261 | +90.6% |
| Recurring financial income | 75 | €288 | €550 | +€261 | +90.6% |
| Financial charges | 65/66B | €401 | €1,056 | +€655 | +163% |
| Recurring financial charges | 65 | €401 | €1,056 | +€655 | +163% |
| Profit (loss) for the period before taxes | 9903 | -€31,403 | -€23,556 | +€7,847 | +25.0% |
| Transfer from deferred taxes | 780 | €1,626 | €1,626 | = | 0.0% |
| Income taxes | 67/77 | €171 | €180 | +€9 | +5.3% |
| Profit (loss) for the period | 9904 | -€29,948 | -€22,110 | +€7,838 | +26.2% |
| Transfer from tax-exempt reserves | 789 | €4,877 | €4,877 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,071 | -€17,233 | +€7,838 | +31.3% |
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 14 October 2026 via checked.be.