VAUDYC: 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.
VAUDYC
Largest movements
- Receivables within one year -€16,980
down €16,980 (-52.6%), from €32,302 to €15,322
of which Other amounts receivable: -€12,034
- Tangible fixed assets -€4,646
down €4,646 (-97.7%), from €4,755 to €108
- Deferred charges and accrued income -€1,125
down €1,125 (-89.6%), from €1,256 to €131
- Other debts -€17,449
down €17,449 (-41.2%), from €42,313 to €24,863
- Trade debts -€6,051
down €6,051 (-32.9%), from €18,407 to €12,355
- Gross operating margin -€6,219
down €6,219, from €3,461 to -€2,757
- Financial income -€6,071
down €6,071 (-95.5%), from €6,358 to €287
- Financial charges -€5,006
down €5,006, from €515 to -€4,492
- Write-downs +€4,800
no longer reported in 2025 (was -€4,800)
- Depreciation -€2,100
down €2,100 (-74.5%), from €2,819 to €719
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 | €112,164 | €89,637 | -€22,526 | -20.1% |
| Fixed assets | 21/28 | €75,775 | €71,129 | -€4,646 | -6.1% |
| Tangible fixed assets | 22/27 | €4,755 | €108 | -€4,646 | -97.7% |
| Furniture and vehicles | 24 | €4,755 | €108 | -€4,646 | -97.7% |
| Financial fixed assets | 28 | €71,020 | €71,020 | = | 0.0% |
| Current assets | 29/58 | €36,389 | €18,509 | -€17,880 | -49.1% |
| Amounts receivable within one year | 40/41 | €32,302 | €15,322 | -€16,980 | -52.6% |
| Trade receivables | 40 | €5,332 | €386 | -€4,946 | -92.8% |
| Other amounts receivable | 41 | €26,969 | €14,936 | -€12,034 | -44.6% |
| Cash at bank and in hand | 54/58 | €2,831 | €3,056 | +€225 | +7.9% |
| Deferred charges and accrued income | 490/1 | €1,256 | €131 | -€1,125 | -89.6% |
| Total equity and liabilities | 10/49 | €112,164 | €89,637 | -€22,526 | -20.1% |
| Equity | 10/15 | -€139,669 | -€139,574 | +€95 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,256 | €93,256 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €91,396 | €91,396 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€251,525 | -€251,430 | +€95 | 0.0% |
| Provisions and deferred taxes | 16 | €30,465 | €30,465 | = | 0.0% |
| Deferred taxes | 168 | €30,465 | €30,465 | = | 0.0% |
| Amounts payable | 17/49 | €221,367 | €198,746 | -€22,621 | -10.2% |
| Amounts payable after more than one year | 17 | €160,000 | €160,000 | = | 0.0% |
| Other amounts payable | 178/9 | €160,000 | €160,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €61,367 | €38,746 | -€22,621 | -36.9% |
| Trade debts | 44 | €18,407 | €12,355 | -€6,051 | -32.9% |
| Suppliers | 440/4 | €18,407 | €12,355 | -€6,051 | -32.9% |
| Taxes, remuneration and social security | 45 | €647 | €1,527 | +€880 | +136.0% |
| Taxes | 450/3 | €647 | €1,527 | +€880 | +136.0% |
| Other amounts payable | 47/48 | €42,313 | €24,863 | -€17,449 | -41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,819 | €719 | -€2,100 | -74.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,800 | - | +€4,800 | |
| Other operating charges | 640/8 | €2,073 | €693 | -€1,381 | -66.6% |
| Gross operating margin | 9900 | €3,461 | -€2,757 | -€6,219 | |
| Operating profit (loss) | 9901 | €3,369 | -€4,170 | -€7,538 | |
| Financial income | 75/76B | €6,358 | €287 | -€6,071 | -95.5% |
| Recurring financial income | 75 | €6,358 | €287 | -€6,071 | -95.5% |
| Financial charges | 65/66B | €515 | -€4,492 | -€5,006 | |
| Recurring financial charges | 65 | €515 | -€4,492 | -€5,006 | |
| Profit (loss) for the period before taxes | 9903 | €9,212 | €609 | -€8,603 | -93.4% |
| Income taxes | 67/77 | €380 | €514 | +€134 | +35.3% |
| Profit (loss) for the period | 9904 | €8,832 | €95 | -€8,737 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,832 | €95 | -€8,737 | -98.9% |
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 5 October 2026 via checked.be.