VENDORFY: 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.
VENDORFY
Largest movements
- Cash -€20,507
down €20,507 (-51.5%), from €39,789 to €19,282
mainly Receivables within one year (-€10,617) and Contributions, distributions and other (-€9,436)
- Receivables within one year +€10,617
up €10,617 (+86.4%), from €12,290 to €22,907
of which Trade receivables: +€7,112
- Tangible fixed assets +€1,452
up €1,452 (+15.0%), from €9,707 to €11,159
of which Plant, machinery and equipment: +€3,076
- Tax, wage and social debts -€4,958
down €4,958 (-63.7%), from €7,778 to €2,820
- Reserves -€2,308
down €2,308 (-6.2%), from €37,033 to €34,725
- Other debts -€843
no longer reported in 2025 (was €843)
- Gross operating margin -€7,820
down €7,820 (-33.6%), from €23,272 to €15,451
- Taxes -€1,973
down €1,973 (-36.6%), from €5,388 to €3,415
- Other operating charges -€425
down €425 (-34.5%), from €1,233 to €808
- Depreciation +€411
up €411 (+10.6%), from €3,867 to €4,279
- Financial income +€368
up €368 (+207.9%), from €177 to €545
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 | €68,090 | €59,596 | -€8,494 | -12.5% |
| Fixed assets | 21/28 | €9,707 | €11,159 | +€1,452 | +15.0% |
| Tangible fixed assets | 22/27 | €9,707 | €11,159 | +€1,452 | +15.0% |
| Plant, machinery and equipment | 23 | €3,171 | €6,248 | +€3,076 | +97.0% |
| Furniture and vehicles | 24 | €3,996 | €2,651 | -€1,345 | -33.7% |
| Other tangible fixed assets | 26 | €2,540 | €2,260 | -€280 | -11.0% |
| Current assets | 29/58 | €58,383 | €48,437 | -€9,946 | -17.0% |
| Amounts receivable after more than one year | 29 | €2,571 | €2,571 | = | 0.0% |
| Other amounts receivable | 291 | €2,571 | €2,571 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,290 | €22,907 | +€10,617 | +86.4% |
| Trade receivables | 40 | €12,181 | €19,293 | +€7,112 | +58.4% |
| Other amounts receivable | 41 | €109 | €3,613 | +€3,504 | +3212.4% |
| Cash at bank and in hand | 54/58 | €39,789 | €19,282 | -€20,507 | -51.5% |
| Deferred charges and accrued income | 490/1 | €3,733 | €3,678 | -€56 | -1.5% |
| Total equity and liabilities | 10/49 | €68,090 | €59,596 | -€8,494 | -12.5% |
| Equity | 10/15 | €56,199 | €53,891 | -€2,308 | -4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,033 | €34,725 | -€2,308 | -6.2% |
| Distributable reserves | 133 | €37,033 | €34,725 | -€2,308 | -6.2% |
| Profit (loss) carried forward | 14 | €567 | €567 | = | 0.0% |
| Amounts payable | 17/49 | €11,891 | €5,704 | -€6,186 | -52.0% |
| Amounts payable within one year | 42/48 | €11,891 | €5,704 | -€6,186 | -52.0% |
| Trade debts | 44 | €3,270 | €2,884 | -€385 | -11.8% |
| Suppliers | 440/4 | €3,270 | €2,884 | -€385 | -11.8% |
| Taxes, remuneration and social security | 45 | €7,778 | €2,820 | -€4,958 | -63.7% |
| Taxes | 450/3 | €7,778 | €2,820 | -€4,958 | -63.7% |
| Other amounts payable | 47/48 | €843 | - | -€843 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,867 | €4,279 | +€411 | +10.6% |
| Other operating charges | 640/8 | €1,233 | €808 | -€425 | -34.5% |
| Non-recurring operating charges | 66A | €1,290 | - | -€1,290 | |
| Gross operating margin | 9900 | €23,272 | €15,451 | -€7,820 | -33.6% |
| Operating profit (loss) | 9901 | €16,881 | €10,364 | -€6,516 | -38.6% |
| Financial income | 75/76B | €177 | €545 | +€368 | +207.9% |
| Recurring financial income | 75 | €177 | €545 | +€368 | +207.9% |
| Financial charges | 65/66B | €284 | €367 | +€83 | +29.2% |
| Recurring financial charges | 65 | €284 | €367 | +€83 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | €16,774 | €10,543 | -€6,231 | -37.1% |
| Income taxes | 67/77 | €5,388 | €3,415 | -€1,973 | -36.6% |
| Profit (loss) for the period | 9904 | €11,386 | €7,127 | -€4,259 | -37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,386 | €7,127 | -€4,259 | -37.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.