VAYA CON DIOS: 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.
VAYA CON DIOS
Largest movements
- Tangible fixed assets +€143,201
up €143,201 (+11.0%), from €1.3m to €1.4m
of which Plant, machinery and equipment: +€118,068
- Current investments -€79,143
down €79,143 (-45.4%), from €174,297 to €95,154
- Receivables within one year +€76,473
up €76,473 (+311%), from €24,581 to €101,054
of which Other amounts receivable: +€68,225
- Cash -€27,855
down €27,855 (-8.7%), from €320,319 to €292,464
mainly Investment in fixed assets (net) (-€371,322) and Net result for the year (-€202,416)
- Intangible fixed assets -€25,531
down €25,531 (-55.2%), from €46,240 to €20,710
- Profit (loss) carried forward -€202,416
down €202,416 (-72.3%), from -€280,159 to -€482,574
- Short-term financial debts +€150,000
new in 2025: €150,000
- Investment grants +€145,812
up €145,812 (+1,612%), from €9,044 to €154,855
- Trade debts +€106,966
up €106,966 (+46.2%), from €231,464 to €338,430
- Debts after one year -€85,920
down €85,920 (-26.5%), from €323,760 to €237,840
- Gross operating margin -€199,255
down €199,255 (-18.0%), from €1.1m to €910,546
- Other operating charges +€164,038
up €164,038 (+6,340%), from €2,588 to €166,625
- Financial income +€36,153
up €36,153 (+112%), from €32,334 to €68,487
- Staff costs +€22,405
up €22,405 (+3.0%), from €735,689 to €758,094
- Taxes -€12,171
down €12,171 (-99.2%), from €12,265 to €94
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 | €1,929,514 | €2,022,658 | +€93,145 | +4.8% |
| Fixed assets | 21/28 | €1,353,247 | €1,470,917 | +€117,670 | +8.7% |
| Intangible fixed assets | 21 | €46,240 | €20,710 | -€25,531 | -55.2% |
| Tangible fixed assets | 22/27 | €1,300,498 | €1,443,699 | +€143,201 | +11.0% |
| Land and buildings | 22 | €713,704 | €725,044 | +€11,340 | +1.6% |
| Plant, machinery and equipment | 23 | €586,795 | €704,863 | +€118,068 | +20.1% |
| Furniture and vehicles | 24 | €0 | €13,792 | +€13,792 | |
| Financial fixed assets | 28 | €6,508 | €6,508 | = | 0.0% |
| Current assets | 29/58 | €576,267 | €551,742 | -€24,525 | -4.3% |
| Amounts receivable within one year | 40/41 | €24,581 | €101,054 | +€76,473 | +311% |
| Trade receivables | 40 | - | €8,249 | +€8,249 | |
| Other amounts receivable | 41 | €24,581 | €92,806 | +€68,225 | +278% |
| Current investments | 50/53 | €174,297 | €95,154 | -€79,143 | -45.4% |
| Cash at bank and in hand | 54/58 | €320,319 | €292,464 | -€27,855 | -8.7% |
| Deferred charges and accrued income | 490/1 | €57,070 | €63,069 | +€5,999 | +10.5% |
| Total equity and liabilities | 10/49 | €1,929,514 | €2,022,658 | +€93,145 | +4.8% |
| Equity | 10/15 | €1,178,251 | €1,121,647 | -€56,604 | -4.8% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €1,201,473 | €1,201,473 | = | 0.0% |
| Distributable reserves | 133 | €1,201,473 | €1,201,473 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€280,159 | -€482,574 | -€202,416 | -72.3% |
| Investment grants | 15 | €9,044 | €154,855 | +€145,812 | +1,612% |
| Provisions and deferred taxes | 16 | €1,292 | €22,134 | +€20,843 | +1,613% |
| Deferred taxes | 168 | €1,292 | €22,134 | +€20,843 | +1,613% |
| Amounts payable | 17/49 | €749,970 | €878,877 | +€128,907 | +17.2% |
| Amounts payable after more than one year | 17 | €323,760 | €237,840 | -€85,920 | -26.5% |
| Financial debts | 170/4 | €323,760 | €237,840 | -€85,920 | -26.5% |
| Amounts payable within one year | 42/48 | €426,040 | €639,799 | +€213,760 | +50.2% |
| Current portion of amounts payable after more than one year | 42 | €84,908 | €85,920 | +€1,012 | +1.2% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €231,464 | €338,430 | +€106,966 | +46.2% |
| Suppliers | 440/4 | €231,464 | €338,430 | +€106,966 | +46.2% |
| Taxes, remuneration and social security | 45 | €108,549 | €64,154 | -€44,396 | -40.9% |
| Taxes | 450/3 | €80,690 | €37,073 | -€43,617 | -54.1% |
| Remuneration and social security | 454/9 | €27,859 | €27,080 | -€778 | -2.8% |
| Other amounts payable | 47/48 | €1,118 | €1,296 | +€178 | +15.9% |
| Accrued charges and deferred income | 492/3 | €170 | €1,237 | +€1,067 | +626% |
| Non-recurring operating income | 76A | - | €13,468 | +€13,468 | |
| Remuneration, social security and pensions | 62 | €735,689 | €758,094 | +€22,405 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €265,778 | €253,652 | -€12,126 | -4.6% |
| Other operating charges | 640/8 | €2,588 | €166,625 | +€164,038 | +6,340% |
| Gross operating margin | 9900 | €1,109,801 | €910,546 | -€199,255 | -18.0% |
| Operating profit (loss) | 9901 | €105,747 | -€267,825 | -€373,572 | |
| Financial income | 75/76B | €32,334 | €68,487 | +€36,153 | +112% |
| Recurring financial income | 75 | €32,334 | €68,487 | +€36,153 | +112% |
| Financial charges | 65/66B | €6,749 | €9,700 | +€2,951 | +43.7% |
| Recurring financial charges | 65 | €6,749 | €9,700 | +€2,951 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | €131,332 | -€209,038 | -€340,370 | |
| Transfer from deferred taxes | 780 | €3,581 | €6,717 | +€3,136 | +87.6% |
| Income taxes | 67/77 | €12,265 | €94 | -€12,171 | -99.2% |
| Profit (loss) for the period | 9904 | €122,648 | -€202,416 | -€325,063 | |
| Profit (loss) for the period to be appropriated | 9905 | €122,648 | -€202,416 | -€325,063 |
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 1 November 2026 via checked.be.