Vendide: 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.
Vendide
Largest movements
- Receivables within one year +€99,937
up €99,937 (+600%), from €16,659 to €116,596
of which Other amounts receivable: +€86,874
- Cash -€23,682
down €23,682 (-55.6%), from €42,599 to €18,916
mainly Contributions, distributions and other (-€110,000) and Receivables within one year (-€99,937)
- Intangible fixed assets -€12,550
down €12,550 (-14.3%), from €87,836 to €75,286
- Tangible fixed assets -€8,261
down €8,261 (-49.4%), from €16,725 to €8,464
- Current investments +€5,000
up €5,000 (+25.0%), from €20,000 to €25,000
- Other debts +€63,595
up €63,595 (+108%), from €58,869 to €122,463
- Trade debts +€35,268
up €35,268 (+555%), from €6,358 to €41,626
- Tax, wage and social debts -€21,822
down €21,822 (-100%), from €21,822 to €0
- Current portion of long-term debt -€9,124
down €9,124 (-54.1%), from €16,871 to €7,747
- Debts after one year -€7,747
down €7,747 (-92.2%), from €8,399 to €652
- Gross operating margin +€129,040
up €129,040 (+303%), from €42,645 to €171,685
- Taxes +€31,452
up €31,452 (+323%), from €9,730 to €41,181
- Financial income +€3,383
new in 2025: €3,383
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 | €184,592 | €244,810 | +€60,218 | +32.6% |
| Fixed assets | 21/28 | €104,561 | €83,750 | -€20,811 | -19.9% |
| Intangible fixed assets | 21 | €87,836 | €75,286 | -€12,550 | -14.3% |
| Tangible fixed assets | 22/27 | €16,725 | €8,464 | -€8,261 | -49.4% |
| Furniture and vehicles | 24 | €16,725 | €8,464 | -€8,261 | -49.4% |
| Current assets | 29/58 | €80,032 | €161,060 | +€81,028 | +101% |
| Amounts receivable within one year | 40/41 | €16,659 | €116,596 | +€99,937 | +600% |
| Trade receivables | 40 | €0 | €13,063 | +€13,063 | |
| Other amounts receivable | 41 | €16,659 | €103,533 | +€86,874 | +521% |
| Current investments | 50/53 | €20,000 | €25,000 | +€5,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €42,599 | €18,916 | -€23,682 | -55.6% |
| Deferred charges and accrued income | 490/1 | €774 | €548 | -€227 | -29.3% |
| Total equity and liabilities | 10/49 | €184,592 | €244,810 | +€60,218 | +32.6% |
| Equity | 10/15 | €72,123 | €72,321 | +€198 | +0.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €70,123 | €70,321 | +€198 | +0.3% |
| Distributable reserves | 133 | €70,123 | €70,321 | +€198 | +0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €112,469 | €172,489 | +€60,020 | +53.4% |
| Amounts payable after more than one year | 17 | €8,399 | €652 | -€7,747 | -92.2% |
| Financial debts | 170/4 | €8,399 | €652 | -€7,747 | -92.2% |
| Amounts payable within one year | 42/48 | €103,920 | €171,836 | +€67,917 | +65.4% |
| Current portion of amounts payable after more than one year | 42 | €16,871 | €7,747 | -€9,124 | -54.1% |
| Trade debts | 44 | €6,358 | €41,626 | +€35,268 | +555% |
| Suppliers | 440/4 | €6,358 | €41,626 | +€35,268 | +555% |
| Taxes, remuneration and social security | 45 | €21,822 | €0 | -€21,822 | -100% |
| Taxes | 450/3 | €21,822 | €0 | -€21,822 | -100% |
| Other amounts payable | 47/48 | €58,869 | €122,463 | +€63,595 | +108% |
| Accrued charges and deferred income | 492/3 | €150 | €0 | -€150 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,811 | €20,811 | = | 0.0% |
| Other operating charges | 640/8 | €2,302 | €2,048 | -€255 | -11.1% |
| Gross operating margin | 9900 | €42,645 | €171,685 | +€129,040 | +303% |
| Operating profit (loss) | 9901 | €19,532 | €148,827 | +€129,295 | +662% |
| Financial income | 75/76B | - | €3,383 | +€3,383 | |
| Recurring financial income | 75 | - | €3,383 | +€3,383 | |
| Financial charges | 65/66B | €1,214 | €831 | -€383 | -31.6% |
| Recurring financial charges | 65 | €1,214 | €831 | -€383 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €18,318 | €151,379 | +€133,061 | +726% |
| Income taxes | 67/77 | €9,730 | €41,181 | +€31,452 | +323% |
| Profit (loss) for the period | 9904 | €8,588 | €110,198 | +€101,609 | +1,183% |
| Profit (loss) for the period to be appropriated | 9905 | €8,588 | €110,198 | +€101,609 | +1,183% |
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 13 October 2026 via checked.be.