VENDIMAT: 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.
VENDIMAT
Largest movements
- Receivables within one year +€506,268
up €506,268 (+350.9%), from €144,288 to €650,556
of which Trade receivables: +€507,294
- Cash -€49,898
down €49,898 (-52.8%), from €94,489 to €44,592
mainly Receivables within one year (-€506,268) and Other debts (-€105,575)
- Stocks and contracts -€46,410
down €46,410 (-25.2%), from €184,100 to €137,690
- Tangible fixed assets +€25,350
up €25,350 (+25.4%), from €99,918 to €125,268
of which Furniture and vehicles: +€20,893
- Reserves +€467,510
up €467,510 (+3740.1%), from €12,500 to €480,010
of which Distributable reserves: +€467,510
- Other debts -€105,575
down €105,575 (-30.4%), from €346,929 to €241,353
- Tax, wage and social debts +€68,637
up €68,637 (+152.7%), from €44,957 to €113,594
- Gross operating margin +€583,079
up €583,079 (+178.4%), from €326,870 to €909,949
- Taxes +€129,481
up €129,481 (+382.8%), from €33,821 to €163,301
- Staff costs +€61,919
up €61,919 (+36.3%), from €170,762 to €232,681
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 | €531,527 | €972,328 | +€440,801 | +82.9% |
| Fixed assets | 21/28 | €103,873 | €127,846 | +€23,974 | +23.1% |
| Intangible fixed assets | 21 | €3,955 | €2,579 | -€1,376 | -34.8% |
| Tangible fixed assets | 22/27 | €99,918 | €125,268 | +€25,350 | +25.4% |
| Plant, machinery and equipment | 23 | €31,375 | €30,568 | -€808 | -2.6% |
| Furniture and vehicles | 24 | €60,606 | €81,499 | +€20,893 | +34.5% |
| Other tangible fixed assets | 26 | €7,937 | €13,201 | +€5,264 | +66.3% |
| Current assets | 29/58 | €427,654 | €844,482 | +€416,827 | +97.5% |
| Stocks and contracts in progress | 3 | €184,100 | €137,690 | -€46,410 | -25.2% |
| Stocks | 30/36 | €184,100 | €137,690 | -€46,410 | -25.2% |
| Amounts receivable within one year | 40/41 | €144,288 | €650,556 | +€506,268 | +350.9% |
| Trade receivables | 40 | €141,915 | €649,209 | +€507,294 | +357.5% |
| Other amounts receivable | 41 | €2,373 | €1,347 | -€1,026 | -43.2% |
| Cash at bank and in hand | 54/58 | €94,489 | €44,592 | -€49,898 | -52.8% |
| Deferred charges and accrued income | 490/1 | €4,777 | €11,644 | +€6,868 | +143.8% |
| Total equity and liabilities | 10/49 | €531,527 | €972,328 | +€440,801 | +82.9% |
| Equity | 10/15 | €137,500 | €605,010 | +€467,510 | +340.0% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €12,500 | €480,010 | +€467,510 | +3740.1% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | - | €467,510 | +€467,510 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €394,027 | €367,318 | -€26,709 | -6.8% |
| Amounts payable within one year | 42/48 | €393,375 | €364,501 | -€28,875 | -7.3% |
| Trade debts | 44 | €1,490 | €9,554 | +€8,064 | +541.1% |
| Suppliers | 440/4 | €1,490 | €9,554 | +€8,064 | +541.1% |
| Taxes, remuneration and social security | 45 | €44,957 | €113,594 | +€68,637 | +152.7% |
| Taxes | 450/3 | €44,957 | €113,594 | +€68,637 | +152.7% |
| Other amounts payable | 47/48 | €346,929 | €241,353 | -€105,575 | -30.4% |
| Accrued charges and deferred income | 492/3 | €652 | €2,817 | +€2,166 | +332.3% |
| Remuneration, social security and pensions | 62 | €170,762 | €232,681 | +€61,919 | +36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,220 | €37,947 | +€4,728 | +14.2% |
| Other operating charges | 640/8 | €1,839 | €2,997 | +€1,158 | +63.0% |
| Gross operating margin | 9900 | €326,870 | €909,949 | +€583,079 | +178.4% |
| Operating profit (loss) | 9901 | €121,050 | €636,324 | +€515,275 | +425.7% |
| Financial income | 75/76B | €126 | €500 | +€374 | +297.6% |
| Recurring financial income | 75 | €126 | €500 | +€374 | +297.6% |
| Financial charges | 65/66B | €1,215 | €6,013 | +€4,799 | +395.1% |
| Recurring financial charges | 65 | €1,215 | €6,013 | +€4,799 | +395.1% |
| Profit (loss) for the period before taxes | 9903 | €119,961 | €630,811 | +€510,850 | +425.8% |
| Income taxes | 67/77 | €33,821 | €163,301 | +€129,481 | +382.8% |
| Profit (loss) for the period | 9904 | €86,140 | €467,510 | +€381,370 | +442.7% |
| Profit (loss) for the period to be appropriated | 9905 | €86,140 | €467,510 | +€381,370 | +442.7% |
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.