VARDOMAR: 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.
VARDOMAR
Largest movements
- Tangible fixed assets -€20,818
down €20,818 (-6.9%), from €301,167 to €280,350
of which Land and buildings: -€16,675
- Deferred charges and accrued income -€14,393
down €14,393 (-59.0%), from €24,393 to €10,000
- Debts after one year -€32,750
down €32,750 (-14.3%), from €229,250 to €196,500
- Other debts +€22,173
up €22,173 (+4.7%), from €476,286 to €498,459
- Short-term financial debts -€15,000
down €15,000 (-31.6%), from €47,500 to €32,500
- Advances received +€6,360
up €6,360 (+150.0%), from €4,240 to €10,600
- Trade debts -€6,231
down €6,231 (-50.0%), from €12,465 to €6,235
- Gross operating margin +€19,231
up €19,231 (+139.5%), from €13,782 to €33,013
- Other operating charges -€6,436
down €6,436 (-62.4%), from €10,308 to €3,872
- Depreciation -€4,275
down €4,275 (-17.0%), from €25,092 to €20,818
- Financial charges -€1,597
down €1,597 (-13.3%), from €11,974 to €10,377
- Staff costs -€335
no longer reported in 2025 (was €335)
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 | €328,136 | €298,343 | -€29,793 | -9.1% |
| Fixed assets | 21/28 | €301,317 | €280,500 | -€20,818 | -6.9% |
| Tangible fixed assets | 22/27 | €301,167 | €280,350 | -€20,818 | -6.9% |
| Land and buildings | 22 | €293,150 | €276,475 | -€16,675 | -5.7% |
| Plant, machinery and equipment | 23 | €6,628 | €3,874 | -€2,754 | -41.5% |
| Furniture and vehicles | 24 | €1,389 | - | -€1,389 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €26,819 | €17,843 | -€8,976 | -33.5% |
| Stocks and contracts in progress | 3 | €992 | €2,897 | +€1,905 | +192.0% |
| Stocks | 30/36 | €992 | €2,897 | +€1,905 | +192.0% |
| Amounts receivable within one year | 40/41 | €1,153 | €2,226 | +€1,074 | +93.1% |
| Trade receivables | 40 | €1,113 | €2,226 | +€1,113 | +100.0% |
| Other amounts receivable | 41 | €40 | - | -€40 | |
| Cash at bank and in hand | 54/58 | €281 | €2,720 | +€2,438 | +866.4% |
| Deferred charges and accrued income | 490/1 | €24,393 | €10,000 | -€14,393 | -59.0% |
| Total equity and liabilities | 10/49 | €328,136 | €298,343 | -€29,793 | -9.1% |
| Equity | 10/15 | -€476,932 | -€478,985 | -€2,053 | -0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€497,392 | -€499,445 | -€2,053 | -0.4% |
| Amounts payable | 17/49 | €805,068 | €777,328 | -€27,740 | -3.4% |
| Amounts payable after more than one year | 17 | €229,250 | €196,500 | -€32,750 | -14.3% |
| Financial debts | 170/4 | €229,250 | €196,500 | -€32,750 | -14.3% |
| Amounts payable within one year | 42/48 | €573,391 | €580,828 | +€7,436 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €32,750 | €32,750 | = | 0.0% |
| Financial debts | 43 | €47,500 | €32,500 | -€15,000 | -31.6% |
| Credit institutions | 430/8 | €47,500 | €32,500 | -€15,000 | -31.6% |
| Trade debts | 44 | €12,465 | €6,235 | -€6,231 | -50.0% |
| Suppliers | 440/4 | €12,465 | €6,235 | -€6,231 | -50.0% |
| Advances received on contracts in progress | 46 | €4,240 | €10,600 | +€6,360 | +150.0% |
| Taxes, remuneration and social security | 45 | €151 | €284 | +€133 | +88.4% |
| Taxes | 450/3 | €151 | €284 | +€133 | +88.4% |
| Other amounts payable | 47/48 | €476,286 | €498,459 | +€22,173 | +4.7% |
| Accrued charges and deferred income | 492/3 | €2,427 | - | -€2,427 | |
| Remuneration, social security and pensions | 62 | €335 | - | -€335 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,092 | €20,818 | -€4,275 | -17.0% |
| Other operating charges | 640/8 | €10,308 | €3,872 | -€6,436 | -62.4% |
| Gross operating margin | 9900 | €13,782 | €33,013 | +€19,231 | +139.5% |
| Operating profit (loss) | 9901 | -€21,954 | €8,323 | +€30,277 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €11,974 | €10,377 | -€1,597 | -13.3% |
| Recurring financial charges | 65 | €11,974 | €10,377 | -€1,597 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | -€33,928 | -€2,053 | +€31,875 | +93.9% |
| Profit (loss) for the period | 9904 | -€33,928 | -€2,053 | +€31,875 | +93.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,928 | -€2,053 | +€31,875 | +93.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.