VIDA PROJECTS: 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.
VIDA PROJECTS
Largest movements
- Tangible fixed assets -€1.6m
down €1.6m (-72.6%), from €2.2m to €605,509
of which Land and buildings: -€1.6m
- Stocks and contracts +€422,491
up €422,491 (+31.7%), from €1.3m to €1.8m
- Receivables within one year +€418,737
up €418,737 (+66.8%), from €627,249 to €1.0m
of which Trade receivables: +€405,152
- Debts after one year -€1.2m
down €1.2m (-65.9%), from €1.8m to €615,100
- Trade debts +€442,022
up €442,022 (+69.0%), from €640,637 to €1.1m
- Profit (loss) carried forward +€172,452
up €172,452 (+407%), from €42,403 to €214,855
- Current portion of long-term debt +€169,924
up €169,924 (+15.0%), from €1.1m to €1.3m
- Advances received -€124,610
down €124,610 (-100%), from €124,610 to €0
- Gross operating margin +€268,758
up €268,758 (+489%), from €54,987 to €323,745
- Depreciation -€72,714
down €72,714 (-87.0%), from €83,572 to €10,858
- Financial charges -€7,221
down €7,221 (-5.3%), from €136,810 to €129,589
- Other operating charges -€3,387
down €3,387 (-23.2%), from €14,606 to €11,219
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 | €4,230,115 | €3,467,334 | -€762,781 | -18.0% |
| Fixed assets | 21/28 | €2,206,805 | €605,509 | -€1.6m | -72.6% |
| Tangible fixed assets | 22/27 | €2,206,805 | €605,509 | -€1.6m | -72.6% |
| Land and buildings | 22 | €1,590,438 | €0 | -€1.6m | -100% |
| Other tangible fixed assets | 26 | €616,367 | €605,509 | -€10,858 | -1.8% |
| Current assets | 29/58 | €2,023,310 | €2,861,825 | +€838,515 | +41.4% |
| Stocks and contracts in progress | 3 | €1,330,709 | €1,753,200 | +€422,491 | +31.7% |
| Stocks | 30/36 | €1,330,709 | €1,753,200 | +€422,491 | +31.7% |
| Amounts receivable within one year | 40/41 | €627,249 | €1,045,986 | +€418,737 | +66.8% |
| Trade receivables | 40 | €614,453 | €1,019,605 | +€405,152 | +65.9% |
| Other amounts receivable | 41 | €12,795 | €26,381 | +€13,586 | +106% |
| Cash at bank and in hand | 54/58 | €10,292 | €10,480 | +€188 | +1.8% |
| Deferred charges and accrued income | 490/1 | €55,060 | €52,159 | -€2,901 | -5.3% |
| Total equity and liabilities | 10/49 | €4,230,115 | €3,467,334 | -€762,781 | -18.0% |
| Equity | 10/15 | €87,647 | €234,899 | +€147,252 | +168% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €25,244 | €44 | -€25,200 | -99.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €25,244 | €44 | -€25,200 | -99.8% |
| Profit (loss) carried forward | 14 | €42,403 | €214,855 | +€172,452 | +407% |
| Amounts payable | 17/49 | €4,142,468 | €3,232,436 | -€910,033 | -22.0% |
| Amounts payable after more than one year | 17 | €1,803,509 | €615,100 | -€1.2m | -65.9% |
| Financial debts | 170/4 | €1,803,509 | €615,100 | -€1.2m | -65.9% |
| Amounts payable within one year | 42/48 | €2,338,959 | €2,617,336 | +€278,376 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €1,130,175 | €1,300,099 | +€169,924 | +15.0% |
| Financial debts | 43 | €52,539 | €9,615 | -€42,924 | -81.7% |
| Credit institutions | 430/8 | €52,539 | €9,615 | -€42,924 | -81.7% |
| Trade debts | 44 | €640,637 | €1,082,659 | +€442,022 | +69.0% |
| Suppliers | 440/4 | €640,637 | €1,082,659 | +€442,022 | +69.0% |
| Advances received on contracts in progress | 46 | €124,610 | €0 | -€124,610 | -100% |
| Taxes, remuneration and social security | 45 | €110,867 | €28,011 | -€82,857 | -74.7% |
| Taxes | 450/3 | €110,867 | €28,011 | -€82,857 | -74.7% |
| Other amounts payable | 47/48 | €280,132 | €196,952 | -€83,180 | -29.7% |
| Non-recurring operating income | 76A | - | €359,738 | +€359,738 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,572 | €10,858 | -€72,714 | -87.0% |
| Other operating charges | 640/8 | €14,606 | €11,219 | -€3,387 | -23.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €54,987 | €323,745 | +€268,758 | +489% |
| Operating profit (loss) | 9901 | -€43,191 | €301,668 | +€344,859 | |
| Financial income | 75/76B | €1 | €378 | +€378 | +59,946% |
| Recurring financial income | 75 | €1 | €378 | +€378 | +59,946% |
| Financial charges | 65/66B | €136,810 | €129,589 | -€7,221 | -5.3% |
| Recurring financial charges | 65 | €136,810 | €129,589 | -€7,221 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€180,000 | €172,457 | +€352,457 | |
| Income taxes | 67/77 | €0 | €5 | +€5 | +2,500% |
| Profit (loss) for the period | 9904 | -€180,000 | €172,452 | +€352,452 | |
| Profit (loss) for the period to be appropriated | 9905 | -€180,000 | €172,452 | +€352,452 |
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 17 October 2026 via checked.be.