Vendim: 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.
Vendim
Largest movements
- Cash +€253,933
up €253,933 (+62.0%), from €409,382 to €663,315
mainly Net result for the year (+€188,512) and Receivables within one year (+€106,286)
- Receivables within one year -€106,286
down €106,286 (-71.8%), from €148,026 to €41,740
of which Other amounts receivable: -€96,154
- Tangible fixed assets -€59,720
down €59,720 (-2.6%), from €2.3m to €2.3m
of which Land and buildings: -€52,556
- Reserves +€188,512
up €188,512 (+5.4%), from €3.5m to €3.7m
of which Distributable reserves: +€188,512
- Trade debts -€91,861
down €91,861 (-86.5%), from €106,226 to €14,365
- Gross operating margin -€77,662
down €77,662 (-14.7%), from €529,702 to €452,040
- Taxes -€19,942
down €19,942 (-25.0%), from €79,843 to €59,902
- Financial income +€12,947
up €12,947 (+135.8%), from €9,532 to €22,479
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 | €4,758,427 | €4,870,217 | +€111,790 | +2.3% |
| Fixed assets | 21/28 | €2,312,282 | €2,252,562 | -€59,720 | -2.6% |
| Tangible fixed assets | 22/27 | €2,312,282 | €2,252,562 | -€59,720 | -2.6% |
| Land and buildings | 22 | €2,241,968 | €2,189,412 | -€52,556 | -2.3% |
| Plant, machinery and equipment | 23 | €70,314 | €63,150 | -€7,164 | -10.2% |
| Current assets | 29/58 | €2,446,145 | €2,617,655 | +€171,510 | +7.0% |
| Amounts receivable within one year | 40/41 | €148,026 | €41,740 | -€106,286 | -71.8% |
| Trade receivables | 40 | €16,157 | €6,025 | -€10,132 | -62.7% |
| Other amounts receivable | 41 | €131,870 | €35,715 | -€96,154 | -72.9% |
| Current investments | 50/53 | €1,841,962 | €1,849,591 | +€7,629 | +0.4% |
| Cash at bank and in hand | 54/58 | €409,382 | €663,315 | +€253,933 | +62.0% |
| Deferred charges and accrued income | 490/1 | €46,775 | €63,008 | +€16,234 | +34.7% |
| Total equity and liabilities | 10/49 | €4,758,427 | €4,870,217 | +€111,790 | +2.3% |
| Equity | 10/15 | €4,496,466 | €4,684,978 | +€188,512 | +4.2% |
| Contributions | 10/11 | €976,545 | €976,545 | = | 0.0% |
| Capital | 10 | €976,545 | €976,545 | = | 0.0% |
| Issued capital | 100 | €976,545 | €976,545 | = | 0.0% |
| Reserves | 13 | €3,519,921 | €3,708,433 | +€188,512 | +5.4% |
| Non-distributable reserves | 130/1 | €97,654 | €97,654 | = | 0.0% |
| Legal reserve | 130 | €97,654 | €97,654 | = | 0.0% |
| Distributable reserves | 133 | €3,422,267 | €3,610,779 | +€188,512 | +5.5% |
| Amounts payable | 17/49 | €261,961 | €185,239 | -€76,722 | -29.3% |
| Amounts payable after more than one year | 17 | €4,400 | €8,246 | +€3,846 | +87.4% |
| Other amounts payable | 178/9 | €4,400 | €8,246 | +€3,846 | +87.4% |
| Amounts payable within one year | 42/48 | €236,188 | €154,715 | -€81,473 | -34.5% |
| Trade debts | 44 | €106,226 | €14,365 | -€91,861 | -86.5% |
| Suppliers | 440/4 | €106,226 | €14,365 | -€91,861 | -86.5% |
| Advances received on contracts in progress | 46 | - | €10,571 | +€10,571 | |
| Taxes, remuneration and social security | 45 | €11,345 | €11,162 | -€183 | -1.6% |
| Taxes | 450/3 | €11,345 | €11,162 | -€183 | -1.6% |
| Other amounts payable | 47/48 | €118,617 | €118,617 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €21,373 | €22,278 | +€905 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,837 | €70,579 | -€258 | -0.4% |
| Other operating charges | 640/8 | €141,143 | €143,485 | +€2,342 | +1.7% |
| Gross operating margin | 9900 | €529,702 | €452,040 | -€77,662 | -14.7% |
| Operating profit (loss) | 9901 | €317,722 | €237,976 | -€79,746 | -25.1% |
| Financial income | 75/76B | €9,532 | €22,479 | +€12,947 | +135.8% |
| Recurring financial income | 75 | €9,532 | €22,479 | +€12,947 | +135.8% |
| Financial charges | 65/66B | €11,257 | €12,042 | +€785 | +7.0% |
| Recurring financial charges | 65 | €11,257 | €12,042 | +€785 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €315,998 | €248,413 | -€67,584 | -21.4% |
| Income taxes | 67/77 | €79,843 | €59,902 | -€19,942 | -25.0% |
| Profit (loss) for the period | 9904 | €236,154 | €188,512 | -€47,643 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €236,154 | €188,512 | -€47,643 | -20.2% |
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 9 October 2026 via checked.be.