VANNDIX: 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.
VANNDIX
Largest movements
- Tangible fixed assets +€368,734
up €368,734 (+22.2%), from €1.7m to €2.0m
of which Land and buildings: +€368,917
- Debts after one year +€279,719
up €279,719 (+41.8%), from €669,856 to €949,575
- Other debts +€92,806
up €92,806 (+86.1%), from €107,786 to €200,592
- Profit (loss) carried forward -€55,847
down €55,847 (-88.9%), from €62,836 to €6,989
- Current portion of long-term debt +€22,259
up €22,259 (+30.5%), from €72,875 to €95,134
- Depreciation +€70,715
up €70,715 (+98.3%), from €71,961 to €142,676
- Gross operating margin -€19,434
down €19,434 (-12.8%), from €151,937 to €132,503
- Financial charges +€7,535
up €7,535 (+28.4%), from €26,491 to €34,025
- Taxes -€6,067
down €6,067 (-100.0%), from €6,067 to €0
- Other operating charges +€2,607
up €2,607 (+28.8%), from €9,051 to €11,658
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.
Cash bridge derived
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 | €1,735,736 | €2,081,617 | +€345,880 | +19.9% |
| Fixed assets | 21/28 | €1,657,977 | €2,026,711 | +€368,734 | +22.2% |
| Tangible fixed assets | 22/27 | €1,657,977 | €2,026,711 | +€368,734 | +22.2% |
| Land and buildings | 22 | €1,657,795 | €2,026,711 | +€368,917 | +22.3% |
| Furniture and vehicles | 24 | €182 | €0 | -€182 | -100.0% |
| Current assets | 29/58 | €77,759 | €54,905 | -€22,854 | -29.4% |
| Amounts receivable within one year | 40/41 | €49,363 | €44,563 | -€4,800 | -9.7% |
| Trade receivables | 40 | €7,967 | €16,560 | +€8,593 | +107.9% |
| Other amounts receivable | 41 | €41,396 | €28,002 | -€13,394 | -32.4% |
| Cash at bank and in hand | 54/58 | €24,517 | €8,534 | -€15,984 | -65.2% |
| Deferred charges and accrued income | 490/1 | €3,879 | €1,809 | -€2,070 | -53.4% |
| Total equity and liabilities | 10/49 | €1,735,736 | €2,081,617 | +€345,880 | +19.9% |
| Equity | 10/15 | €868,836 | €812,989 | -€55,847 | -6.4% |
| Contributions | 10/11 | €806,000 | €806,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,836 | €6,989 | -€55,847 | -88.9% |
| Amounts payable | 17/49 | €866,900 | €1,268,627 | +€401,727 | +46.3% |
| Amounts payable after more than one year | 17 | €669,856 | €949,575 | +€279,719 | +41.8% |
| Financial debts | 170/4 | €669,856 | €949,575 | +€279,719 | +41.8% |
| Amounts payable within one year | 42/48 | €191,815 | €312,574 | +€120,759 | +63.0% |
| Current portion of amounts payable after more than one year | 42 | €72,875 | €95,134 | +€22,259 | +30.5% |
| Trade debts | 44 | €6,358 | €10,873 | +€4,515 | +71.0% |
| Suppliers | 440/4 | €6,358 | €10,873 | +€4,515 | +71.0% |
| Taxes, remuneration and social security | 45 | €4,797 | €5,975 | +€1,178 | +24.5% |
| Taxes | 450/3 | €4,797 | €5,975 | +€1,178 | +24.5% |
| Other amounts payable | 47/48 | €107,786 | €200,592 | +€92,806 | +86.1% |
| Accrued charges and deferred income | 492/3 | €5,229 | €6,479 | +€1,249 | +23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,961 | €142,676 | +€70,715 | +98.3% |
| Other operating charges | 640/8 | €9,051 | €11,658 | +€2,607 | +28.8% |
| Gross operating margin | 9900 | €151,937 | €132,503 | -€19,434 | -12.8% |
| Operating profit (loss) | 9901 | €70,925 | -€21,831 | -€92,757 | |
| Financial income | 75/76B | €0 | €10 | +€10 | +49950.0% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +49950.0% |
| Financial charges | 65/66B | €26,491 | €34,025 | +€7,535 | +28.4% |
| Recurring financial charges | 65 | €26,491 | €34,025 | +€7,535 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €44,435 | -€55,847 | -€100,282 | |
| Income taxes | 67/77 | €6,067 | €0 | -€6,067 | -100.0% |
| Profit (loss) for the period | 9904 | €38,368 | -€55,847 | -€94,215 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,368 | -€55,847 | -€94,215 |
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 9 October 2026 via checked.be.