VENDOME: 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.
VENDOME
Largest movements
- Cash +€4,989
up €4,989 (+6.5%), from €76,358 to €81,346
mainly Net result for the year (+€19,762) and Other debts (+€9,893)
- Tangible fixed assets -€3,615
down €3,615 (-13.7%), from €26,411 to €22,795
of which Plant, machinery and equipment: -€3,676
- Receivables within one year -€3,242
down €3,242 (-47.6%), from €6,816 to €3,574
of which Other amounts receivable: -€1,808
- Stocks and contracts +€1,416
up €1,416 (+8.5%), from €16,601 to €18,017
- Other debts +€9,893
up €9,893 (+62.0%), from €15,955 to €25,847
- Profit (loss) carried forward -€8,473
down €8,473 (-14.0%), from €60,483 to €52,010
- Debts after one year -€4,003
down €4,003 (-44.8%), from €8,928 to €4,925
- Trade debts +€1,370
up €1,370 (+12.6%), from €10,858 to €12,227
- Tax, wage and social debts +€1,302
up €1,302 (+15.7%), from €8,276 to €9,578
of which Taxes: +€3,950
- Gross operating margin -€10,885
down €10,885 (-13.3%), from €82,104 to €71,218
- Taxes -€2,110
down €2,110 (-24.1%), from €8,747 to €6,637
- Staff costs -€1,577
down €1,577 (-4.3%), from €36,714 to €35,136
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 | €126,911 | €127,191 | +€280 | +0.2% |
| Fixed assets | 21/28 | €26,611 | €22,995 | -€3,615 | -13.6% |
| Tangible fixed assets | 22/27 | €26,411 | €22,795 | -€3,615 | -13.7% |
| Plant, machinery and equipment | 23 | €22,631 | €18,955 | -€3,676 | -16.2% |
| Furniture and vehicles | 24 | €3,053 | €3,295 | +€242 | +7.9% |
| Other tangible fixed assets | 26 | €727 | €545 | -€182 | -25.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €100,300 | €104,196 | +€3,896 | +3.9% |
| Stocks and contracts in progress | 3 | €16,601 | €18,017 | +€1,416 | +8.5% |
| Stocks | 30/36 | €16,601 | €18,017 | +€1,416 | +8.5% |
| Amounts receivable within one year | 40/41 | €6,816 | €3,574 | -€3,242 | -47.6% |
| Trade receivables | 40 | €1,645 | €210 | -€1,434 | -87.2% |
| Other amounts receivable | 41 | €5,171 | €3,363 | -€1,808 | -35.0% |
| Cash at bank and in hand | 54/58 | €76,358 | €81,346 | +€4,989 | +6.5% |
| Deferred charges and accrued income | 490/1 | €526 | €1,259 | +€733 | +139% |
| Total equity and liabilities | 10/49 | €126,911 | €127,191 | +€280 | +0.2% |
| Equity | 10/15 | €79,083 | €70,610 | -€8,473 | -10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,483 | €52,010 | -€8,473 | -14.0% |
| Amounts payable | 17/49 | €47,828 | €56,581 | +€8,753 | +18.3% |
| Amounts payable after more than one year | 17 | €8,928 | €4,925 | -€4,003 | -44.8% |
| Financial debts | 170/4 | €8,928 | €4,925 | -€4,003 | -44.8% |
| Amounts payable within one year | 42/48 | €38,899 | €51,656 | +€12,756 | +32.8% |
| Current portion of amounts payable after more than one year | 42 | €3,811 | €4,003 | +€192 | +5.0% |
| Trade debts | 44 | €10,858 | €12,227 | +€1,370 | +12.6% |
| Suppliers | 440/4 | €10,858 | €12,227 | +€1,370 | +12.6% |
| Taxes, remuneration and social security | 45 | €8,276 | €9,578 | +€1,302 | +15.7% |
| Taxes | 450/3 | €1,379 | €5,329 | +€3,950 | +286% |
| Remuneration and social security | 454/9 | €6,897 | €4,249 | -€2,648 | -38.4% |
| Other amounts payable | 47/48 | €15,955 | €25,847 | +€9,893 | +62.0% |
| Remuneration, social security and pensions | 62 | €36,714 | €35,136 | -€1,577 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,857 | €6,203 | +€346 | +5.9% |
| Other operating charges | 640/8 | €980 | €785 | -€195 | -19.9% |
| Gross operating margin | 9900 | €82,104 | €71,218 | -€10,885 | -13.3% |
| Operating profit (loss) | 9901 | €38,553 | €29,094 | -€9,459 | -24.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €3,200 | €2,695 | -€505 | -15.8% |
| Recurring financial charges | 65 | €3,200 | €2,695 | -€505 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €35,354 | €26,399 | -€8,955 | -25.3% |
| Income taxes | 67/77 | €8,747 | €6,637 | -€2,110 | -24.1% |
| Profit (loss) for the period | 9904 | €26,607 | €19,762 | -€6,845 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,607 | €19,762 | -€6,845 | -25.7% |
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 14 October 2026 via checked.be.