VANODIMA: what changed
Two fiscal 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.
VANODIMA
Largest movements
- Tangible fixed assets -€10,394
down €10,394 (-5.8%), from €179,815 to €169,421
- Other debts +€151,091
up €151,091 (+46.0%), from €328,196 to €479,288
- Short-term financial debts -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Reserves -€21,690
down €21,690 (-45.5%), from €47,696 to €26,006
of which Distributable reserves: -€21,690
- Gross operating margin -€6,782
down €6,782, from €190 to -€6,592
- Financial charges -€5,704
down €5,704 (-58.5%), from €9,747 to €4,043
- Financial income -€5,554
down €5,554 (-61.9%), from €8,979 to €3,425
- Other operating charges +€111
up €111 (+2.8%), from €3,974 to €4,085
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 | €717,364 | €696,989 | -€20,375 | -2.8% |
| Fixed assets | 21/28 | €404,243 | €393,849 | -€10,394 | -2.6% |
| Tangible fixed assets | 22/27 | €179,815 | €169,421 | -€10,394 | -5.8% |
| Land and buildings | 22 | €179,815 | €169,421 | -€10,394 | -5.8% |
| Financial fixed assets | 28 | €224,428 | €224,428 | = | 0.0% |
| Current assets | 29/58 | €313,121 | €303,140 | -€9,981 | -3.2% |
| Amounts receivable after more than one year | 29 | €107,657 | €107,657 | = | 0.0% |
| Other amounts receivable | 291 | €107,657 | €107,657 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €201,930 | €195,346 | -€6,584 | -3.3% |
| Other amounts receivable | 41 | €201,930 | €195,346 | -€6,584 | -3.3% |
| Cash at bank and in hand | 54/58 | €66 | €71 | +€5 | +7.6% |
| Deferred charges and accrued income | 490/1 | €3,468 | €66 | -€3,402 | -98.1% |
| Total equity and liabilities | 10/49 | €717,364 | €696,989 | -€20,375 | -2.8% |
| Equity | 10/15 | €238,696 | €217,006 | -€21,690 | -9.1% |
| Contributions | 10/11 | €191,000 | €191,000 | = | 0.0% |
| Reserves | 13 | €47,696 | €26,006 | -€21,690 | -45.5% |
| Non-distributable reserves | 130/1 | €19,100 | €19,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,100 | €19,100 | = | 0.0% |
| Distributable reserves | 133 | €28,596 | €6,906 | -€21,690 | -75.8% |
| Amounts payable | 17/49 | €478,668 | €479,983 | +€1,315 | +0.3% |
| Amounts payable within one year | 42/48 | €478,668 | €479,583 | +€915 | +0.2% |
| Financial debts | 43 | €150,000 | €0 | -€150,000 | -100.0% |
| Credit institutions | 430/8 | €150,000 | €0 | -€150,000 | -100.0% |
| Trade debts | 44 | €472 | €296 | -€176 | -37.3% |
| Suppliers | 440/4 | €472 | €296 | -€176 | -37.3% |
| Other amounts payable | 47/48 | €328,196 | €479,288 | +€151,091 | +46.0% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,394 | €10,394 | = | 0.0% |
| Other operating charges | 640/8 | €3,974 | €4,085 | +€111 | +2.8% |
| Gross operating margin | 9900 | €190 | -€6,592 | -€6,782 | |
| Operating profit (loss) | 9901 | -€14,178 | -€21,072 | -€6,894 | -48.6% |
| Financial income | 75/76B | €8,979 | €3,425 | -€5,554 | -61.9% |
| Recurring financial income | 75 | €8,979 | €3,425 | -€5,554 | -61.9% |
| Financial charges | 65/66B | €9,747 | €4,043 | -€5,704 | -58.5% |
| Recurring financial charges | 65 | €9,747 | €4,043 | -€5,704 | -58.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,946 | -€21,690 | -€6,744 | -45.1% |
| Profit (loss) for the period | 9904 | -€14,946 | -€21,690 | -€6,744 | -45.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,946 | -€21,690 | -€6,744 | -45.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.