VENDER: 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.
VENDER
Largest movements
- Cash -€41,264
down €41,264 (-95.8%), from €43,084 to €1,820
mainly Other debts (-€66,849) and Debts after one year (-€29,208)
- Stocks and contracts -€31,787
down €31,787 (-47.5%), from €66,989 to €35,202
- Tangible fixed assets -€21,425
down €21,425 (-3.2%), from €660,867 to €639,442
- Other debts -€66,849
down €66,849 (-18.6%), from €358,786 to €291,938
- Debts after one year -€29,208
down €29,208 (-59.8%), from €48,835 to €19,627
- Financial income -€24,000
no longer reported in 2025 (was €24,000)
- Financial charges -€5,122
down €5,122 (-18.5%), from €27,747 to €22,625
- Gross operating margin +€4,654
up €4,654 (+10.7%), from €43,547 to €48,202
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 | €826,311 | €729,346 | -€96,965 | -11.7% |
| Fixed assets | 21/28 | €710,867 | €689,442 | -€21,425 | -3.0% |
| Tangible fixed assets | 22/27 | €660,867 | €639,442 | -€21,425 | -3.2% |
| Land and buildings | 22 | €660,867 | €639,442 | -€21,425 | -3.2% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €115,444 | €39,903 | -€75,541 | -65.4% |
| Stocks and contracts in progress | 3 | €66,989 | €35,202 | -€31,787 | -47.5% |
| Stocks | 30/36 | €66,989 | €35,202 | -€31,787 | -47.5% |
| Amounts receivable within one year | 40/41 | €5,000 | - | -€5,000 | |
| Other amounts receivable | 41 | €5,000 | - | -€5,000 | |
| Cash at bank and in hand | 54/58 | €43,084 | €1,820 | -€41,264 | -95.8% |
| Deferred charges and accrued income | 490/1 | €371 | €2,882 | +€2,511 | +678% |
| Total equity and liabilities | 10/49 | €826,311 | €729,346 | -€96,965 | -11.7% |
| Equity | 10/15 | €382,411 | €383,597 | +€1,186 | +0.3% |
| Contributions | 10/11 | €50,400 | €50,400 | = | 0.0% |
| Reserves | 13 | €332,011 | €333,197 | +€1,186 | +0.4% |
| Distributable reserves | 133 | €332,011 | €333,197 | +€1,186 | +0.4% |
| Amounts payable | 17/49 | €443,900 | €345,749 | -€98,151 | -22.1% |
| Amounts payable after more than one year | 17 | €48,835 | €19,627 | -€29,208 | -59.8% |
| Financial debts | 170/4 | €48,835 | €19,627 | -€29,208 | -59.8% |
| Amounts payable within one year | 42/48 | €395,064 | €324,991 | -€70,073 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €34,269 | €29,208 | -€5,061 | -14.8% |
| Trade debts | 44 | €2,009 | €3,846 | +€1,836 | +91.4% |
| Suppliers | 440/4 | €2,009 | €3,846 | +€1,836 | +91.4% |
| Other amounts payable | 47/48 | €358,786 | €291,938 | -€66,849 | -18.6% |
| Accrued charges and deferred income | 492/3 | - | €1,130 | +€1,130 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,425 | €21,425 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,438 | €2,966 | -€471 | -13.7% |
| Gross operating margin | 9900 | €43,547 | €48,202 | +€4,654 | +10.7% |
| Operating profit (loss) | 9901 | €18,685 | €23,811 | +€5,126 | +27.4% |
| Financial income | 75/76B | €24,000 | - | -€24,000 | |
| Recurring financial income | 75 | €24,000 | - | -€24,000 | |
| Financial charges | 65/66B | €27,747 | €22,625 | -€5,122 | -18.5% |
| Recurring financial charges | 65 | €27,747 | €22,625 | -€5,122 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €14,938 | €1,186 | -€13,752 | -92.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €14,938 | €1,186 | -€13,752 | -92.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,938 | €1,186 | -€13,752 | -92.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.