VENDIPLUS: 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.
VENDIPLUS
Largest movements
- Cash +€24,347
up €24,347 (+152.1%), from €16,005 to €40,352
mainly Net result for the year (+€35,606) and Depreciation (+€20,135)
- Tangible fixed assets -€20,135
down €20,135 (-3.7%), from €541,441 to €521,306
of which Land and buildings: -€17,616
- Receivables within one year -€7,722
down €7,722 (-50.2%), from €15,368 to €7,646
of which Trade receivables: -€8,664
- Reserves +€35,606
up €35,606 (+18.7%), from €190,282 to €225,888
of which Distributable reserves: +€39,543
- Debts after one year -€35,101
down €35,101 (-17.3%), from €203,363 to €168,261
- Other debts -€6,739
down €6,739 (-86.7%), from €7,774 to €1,035
- Gross operating margin +€8,285
up €8,285 (+12.3%), from €67,235 to €75,520
- Taxes +€4,458
up €4,458 (+36.9%), from €12,079 to €16,537
- Financial charges -€2,101
down €2,101 (-31.4%), from €6,684 to €4,583
- Other operating charges -€793
down €793 (-24.2%), from €3,275 to €2,482
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 | €593,969 | €589,778 | -€4,191 | -0.7% |
| Fixed assets | 21/28 | €541,441 | €521,306 | -€20,135 | -3.7% |
| Tangible fixed assets | 22/27 | €541,441 | €521,306 | -€20,135 | -3.7% |
| Land and buildings | 22 | €526,692 | €509,076 | -€17,616 | -3.3% |
| Plant, machinery and equipment | 23 | €1,407 | €767 | -€639 | -45.5% |
| Furniture and vehicles | 24 | €13,342 | €11,463 | -€1,879 | -14.1% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €52,528 | €68,472 | +€15,944 | +30.4% |
| Amounts receivable within one year | 40/41 | €15,368 | €7,646 | -€7,722 | -50.2% |
| Trade receivables | 40 | €14,066 | €5,402 | -€8,664 | -61.6% |
| Other amounts receivable | 41 | €1,302 | €2,243 | +€941 | +72.3% |
| Current investments | 50/53 | €19,568 | €17,199 | -€2,369 | -12.1% |
| Cash at bank and in hand | 54/58 | €16,005 | €40,352 | +€24,347 | +152.1% |
| Deferred charges and accrued income | 490/1 | €1,588 | €3,275 | +€1,687 | +106.2% |
| Total equity and liabilities | 10/49 | €593,969 | €589,778 | -€4,191 | -0.7% |
| Equity | 10/15 | €305,957 | €341,563 | +€35,606 | +11.6% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €190,282 | €225,888 | +€35,606 | +18.7% |
| Tax-exempt reserves | 132 | €58,415 | €54,478 | -€3,937 | -6.7% |
| Distributable reserves | 133 | €131,867 | €171,410 | +€39,543 | +30.0% |
| Profit (loss) carried forward | 14 | €109,470 | €109,470 | = | 0.0% |
| Provisions and deferred taxes | 16 | €25,035 | €23,348 | -€1,687 | -6.7% |
| Deferred taxes | 168 | €25,035 | €23,348 | -€1,687 | -6.7% |
| Amounts payable | 17/49 | €262,976 | €224,867 | -€38,109 | -14.5% |
| Amounts payable after more than one year | 17 | €203,363 | €168,261 | -€35,101 | -17.3% |
| Financial debts | 170/4 | €203,363 | €168,261 | -€35,101 | -17.3% |
| Amounts payable within one year | 42/48 | €58,485 | €55,830 | -€2,656 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €34,145 | €38,284 | +€4,138 | +12.1% |
| Trade debts | 44 | €514 | €2,043 | +€1,529 | +297.2% |
| Suppliers | 440/4 | €514 | €2,043 | +€1,529 | +297.2% |
| Taxes, remuneration and social security | 45 | €16,052 | €14,468 | -€1,584 | -9.9% |
| Taxes | 450/3 | €16,052 | €14,468 | -€1,584 | -9.9% |
| Other amounts payable | 47/48 | €7,774 | €1,035 | -€6,739 | -86.7% |
| Accrued charges and deferred income | 492/3 | €1,128 | €776 | -€352 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,844 | €20,135 | +€291 | +1.5% |
| Other operating charges | 640/8 | €3,275 | €2,482 | -€793 | -24.2% |
| Gross operating margin | 9900 | €67,235 | €75,520 | +€8,285 | +12.3% |
| Operating profit (loss) | 9901 | €44,116 | €52,904 | +€8,787 | +19.9% |
| Financial income | 75/76B | €1,782 | €2,135 | +€353 | +19.8% |
| Recurring financial income | 75 | €864 | €2,135 | +€1,271 | +147.1% |
| Non-recurring financial income | 76B | €918 | - | -€918 | |
| Financial charges | 65/66B | €6,684 | €4,583 | -€2,101 | -31.4% |
| Recurring financial charges | 65 | €6,684 | €4,583 | -€2,101 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €39,214 | €50,456 | +€11,242 | +28.7% |
| Transfer from deferred taxes | 780 | €1,687 | €1,687 | = | 0.0% |
| Income taxes | 67/77 | €12,079 | €16,537 | +€4,458 | +36.9% |
| Profit (loss) for the period | 9904 | €28,823 | €35,606 | +€6,783 | +23.5% |
| Transfer from tax-exempt reserves | 789 | €3,937 | €3,937 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,760 | €39,543 | +€6,783 | +20.7% |
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 11 October 2026 via checked.be.