VENDIGO: 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.
VENDIGO
Largest movements
- Tangible fixed assets -€41,685
down €41,685 (-27.3%), from €152,819 to €111,134
of which Leasing and similar rights: -€41,433
- Cash -€10,372
down €10,372 (-64.7%), from €16,034 to €5,663
mainly Debts after one year (-€37,816) and Net result for the year (-€28,395)
- Debts after one year -€37,816
down €37,816 (-29.4%), from €128,837 to €91,021
- Profit (loss) carried forward -€28,395
down €28,395 (-150.1%), from -€18,916 to -€47,311
- Other debts +€8,000
up €8,000 (+31.1%), from €25,750 to €33,750
- Current portion of long-term debt +€1,887
up €1,887 (+5.3%), from €35,929 to €37,816
- Accrued charges and deferred income +€1,845
up €1,845 (+87.3%), from €2,113 to €3,958
- Gross operating margin -€29,509
down €29,509 (-54.4%), from €54,277 to €24,767
- Depreciation -€14,113
down €14,113 (-25.2%), from €56,006 to €41,894
- Financial charges -€5,566
down €5,566 (-36.2%), from €15,391 to €9,825
- Other operating charges -€582
down €582 (-28.7%), from €2,025 to €1,443
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 | €178,195 | €123,005 | -€55,189 | -31.0% |
| Formation expenses | 20 | €643 | €434 | -€208 | -32.4% |
| Fixed assets | 21/28 | €152,819 | €111,134 | -€41,685 | -27.3% |
| Tangible fixed assets | 22/27 | €152,819 | €111,134 | -€41,685 | -27.3% |
| Plant, machinery and equipment | 23 | €936 | €684 | -€252 | -26.9% |
| Leasing and similar rights | 25 | €151,883 | €110,450 | -€41,433 | -27.3% |
| Current assets | 29/58 | €24,733 | €11,437 | -€13,296 | -53.8% |
| Stocks and contracts in progress | 3 | €1,641 | €1,112 | -€529 | -32.3% |
| Stocks | 30/36 | €1,641 | €1,112 | -€529 | -32.3% |
| Amounts receivable within one year | 40/41 | €6,167 | €4,663 | -€1,504 | -24.4% |
| Trade receivables | 40 | €6,167 | €4,123 | -€2,044 | -33.1% |
| Other amounts receivable | 41 | - | €540 | +€540 | |
| Cash at bank and in hand | 54/58 | €16,034 | €5,663 | -€10,372 | -64.7% |
| Deferred charges and accrued income | 490/1 | €891 | - | -€891 | |
| Total equity and liabilities | 10/49 | €178,195 | €123,005 | -€55,189 | -31.0% |
| Equity | 10/15 | -€17,416 | -€45,811 | -€28,395 | -163.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,916 | -€47,311 | -€28,395 | -150.1% |
| Amounts payable | 17/49 | €195,611 | €168,817 | -€26,794 | -13.7% |
| Amounts payable after more than one year | 17 | €128,837 | €91,021 | -€37,816 | -29.4% |
| Financial debts | 170/4 | €128,837 | €91,021 | -€37,816 | -29.4% |
| Amounts payable within one year | 42/48 | €64,661 | €73,838 | +€9,177 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €35,929 | €37,816 | +€1,887 | +5.3% |
| Trade debts | 44 | €2,955 | €2,082 | -€873 | -29.5% |
| Suppliers | 440/4 | €2,955 | €2,082 | -€873 | -29.5% |
| Taxes, remuneration and social security | 45 | €27 | €190 | +€162 | +591.3% |
| Taxes | 450/3 | €27 | €190 | +€162 | +591.3% |
| Other amounts payable | 47/48 | €25,750 | €33,750 | +€8,000 | +31.1% |
| Accrued charges and deferred income | 492/3 | €2,113 | €3,958 | +€1,845 | +87.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,006 | €41,894 | -€14,113 | -25.2% |
| Other operating charges | 640/8 | €2,025 | €1,443 | -€582 | -28.7% |
| Gross operating margin | 9900 | €54,277 | €24,767 | -€29,509 | -54.4% |
| Operating profit (loss) | 9901 | -€3,755 | -€18,570 | -€14,815 | -394.6% |
| Financial income | 75/76B | €229 | - | -€229 | |
| Recurring financial income | 75 | €229 | - | -€229 | |
| Financial charges | 65/66B | €15,391 | €9,825 | -€5,566 | -36.2% |
| Recurring financial charges | 65 | €15,391 | €9,825 | -€5,566 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,916 | -€28,395 | -€9,479 | -50.1% |
| Profit (loss) for the period | 9904 | -€18,916 | -€28,395 | -€9,479 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,916 | -€28,395 | -€9,479 | -50.1% |
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.