VID-SEL: 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.
VID-SEL
Largest movements
- Stocks and contracts -€305,225
down €305,225 (-100%), from €305,225 to €0
- Deferred charges and accrued income -€11,504
down €11,504 (-95.4%), from €12,064 to €560
- Cash -€3,723
down €3,723 (-29.8%), from €12,500 to €8,777
mainly Current portion of long-term debt (-€249,858) and Debts after one year (-€60,000)
- Current portion of long-term debt -€249,858
down €249,858 (-99.9%), from €250,050 to €192
- Debts after one year -€60,000
down €60,000 (-59.9%), from €100,225 to €40,225
- Other debts -€14,873
down €14,873 (-68.6%), from €21,692 to €6,819
- Profit (loss) carried forward +€13,795
up €13,795 (+29.6%), from -€46,639 to -€32,845
- Trade debts -€9,056
down €9,056 (-82.9%), from €10,919 to €1,863
- Financial charges -€8,156
down €8,156 (-47.5%), from €17,171 to €9,015
- Gross operating margin +€3,928
up €3,928 (+17.0%), from €23,119 to €27,047
- Depreciation -€2,380
down €2,380 (-44.2%), from €5,386 to €3,006
- Other operating charges -€622
down €622 (-34.6%), from €1,799 to €1,177
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 | €348,604 | €27,021 | -€321,584 | -92.2% |
| Fixed assets | 21/28 | €7,371 | €4,365 | -€3,006 | -40.8% |
| Intangible fixed assets | 21 | €6,901 | €4,365 | -€2,536 | -36.8% |
| Tangible fixed assets | 22/27 | €470 | €0 | -€470 | -100% |
| Furniture and vehicles | 24 | €470 | €0 | -€470 | -100% |
| Current assets | 29/58 | €341,233 | €22,656 | -€318,577 | -93.4% |
| Stocks and contracts in progress | 3 | €305,225 | €0 | -€305,225 | -100% |
| Stocks | 30/36 | €305,225 | €0 | -€305,225 | -100% |
| Amounts receivable within one year | 40/41 | €11,444 | €13,320 | +€1,876 | +16.4% |
| Trade receivables | 40 | €9,491 | €13,320 | +€3,829 | +40.3% |
| Other amounts receivable | 41 | €1,953 | €0 | -€1,953 | -100% |
| Cash at bank and in hand | 54/58 | €12,500 | €8,777 | -€3,723 | -29.8% |
| Deferred charges and accrued income | 490/1 | €12,064 | €560 | -€11,504 | -95.4% |
| Total equity and liabilities | 10/49 | €348,604 | €27,021 | -€321,584 | -92.2% |
| Equity | 10/15 | -€45,639 | -€31,845 | +€13,795 | +30.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,639 | -€32,845 | +€13,795 | +29.6% |
| Amounts payable | 17/49 | €394,244 | €58,866 | -€335,378 | -85.1% |
| Amounts payable after more than one year | 17 | €100,225 | €40,225 | -€60,000 | -59.9% |
| Financial debts | 170/4 | €100,225 | €40,225 | -€60,000 | -59.9% |
| Amounts payable within one year | 42/48 | €288,174 | €11,492 | -€276,682 | -96.0% |
| Current portion of amounts payable after more than one year | 42 | €250,050 | €192 | -€249,858 | -99.9% |
| Trade debts | 44 | €10,919 | €1,863 | -€9,056 | -82.9% |
| Suppliers | 440/4 | €10,919 | €1,863 | -€9,056 | -82.9% |
| Taxes, remuneration and social security | 45 | €5,513 | €2,619 | -€2,894 | -52.5% |
| Taxes | 450/3 | €5,513 | €2,619 | -€2,894 | -52.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €21,692 | €6,819 | -€14,873 | -68.6% |
| Accrued charges and deferred income | 492/3 | €5,844 | €7,148 | +€1,304 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,386 | €3,006 | -€2,380 | -44.2% |
| Other operating charges | 640/8 | €1,799 | €1,177 | -€622 | -34.6% |
| Gross operating margin | 9900 | €23,119 | €27,047 | +€3,928 | +17.0% |
| Operating profit (loss) | 9901 | €15,934 | €22,863 | +€6,930 | +43.5% |
| Financial income | 75/76B | €0 | €88 | +€88 | |
| Recurring financial income | 75 | €0 | €88 | +€88 | |
| Financial charges | 65/66B | €17,171 | €9,015 | -€8,156 | -47.5% |
| Recurring financial charges | 65 | €17,171 | €9,015 | -€8,156 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,237 | €13,936 | +€15,173 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€1,377 | €13,795 | +€15,172 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,377 | €13,795 | +€15,172 |
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 23 October 2026 via checked.be.