VIDAL: 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.
VIDAL
Largest movements
- Receivables within one year +€2.1m
up €2.1m (+31.7%), from €6.5m to €8.5m
of which Other amounts receivable: +€2.1m
- Cash +€1.7m
up €1.7m (+38.3%), from €4.5m to €6.3m
mainly Net result for the year (+€3.6m) and Other debts (+€866,651)
- Reserves +€2.7m
up €2.7m (+23.6%), from €11.5m to €14.2m
of which Distributable reserves: +€2.7m
- Other debts +€866,651
up €866,651 (+35.8%), from €2.4m to €3.3m
- Trade debts +€234,275
up €234,275 (+440%), from €53,282 to €287,557
- Gross operating margin -€308,200
down €308,200 (-65.0%), from -€473,988 to -€782,188
- Financial income +€83,428
up €83,428 (+1.7%), from €4.8m to €4.9m
- Financial charges +€80,041
up €80,041 (+640%), from €12,502 to €92,543
- Taxes -€27,719
down €27,719 (-7.1%), from €389,297 to €361,578
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 | €19,580,389 | €23,401,291 | +€3.8m | +19.5% |
| Fixed assets | 21/28 | €7,701,292 | €7,701,292 | = | 0.0% |
| Financial fixed assets | 28 | €7,701,292 | €7,701,292 | = | 0.0% |
| Current assets | 29/58 | €11,879,097 | €15,699,999 | +€3.8m | +32.2% |
| Amounts receivable within one year | 40/41 | €6,484,904 | €8,540,311 | +€2.1m | +31.7% |
| Trade receivables | 40 | €25,276 | €0 | -€25,276 | -100% |
| Other amounts receivable | 41 | €6,459,627 | €8,540,311 | +€2.1m | +32.2% |
| Current investments | 50/53 | €861,408 | €891,539 | +€30,130 | +3.5% |
| Cash at bank and in hand | 54/58 | €4,532,785 | €6,268,149 | +€1.7m | +38.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €19,580,389 | €23,401,291 | +€3.8m | +19.5% |
| Equity | 10/15 | €16,690,249 | €19,398,424 | +€2.7m | +16.2% |
| Contributions | 10/11 | €5,238,000 | €5,238,000 | = | 0.0% |
| Capital | 10 | €5,238,000 | €5,238,000 | = | 0.0% |
| Issued capital | 100 | €5,238,000 | €5,238,000 | = | 0.0% |
| Reserves | 13 | €11,452,249 | €14,160,424 | +€2.7m | +23.6% |
| Non-distributable reserves | 130/1 | €523,800 | €523,800 | = | 0.0% |
| Legal reserve | 130 | €523,800 | €523,800 | = | 0.0% |
| Distributable reserves | 133 | €10,928,449 | €13,636,624 | +€2.7m | +24.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,890,140 | €4,002,867 | +€1.1m | +38.5% |
| Amounts payable within one year | 42/48 | €2,857,421 | €3,930,702 | +€1.1m | +37.6% |
| Trade debts | 44 | €53,282 | €287,557 | +€234,275 | +440% |
| Suppliers | 440/4 | €53,282 | €287,557 | +€234,275 | +440% |
| Taxes, remuneration and social security | 45 | €384,946 | €357,301 | -€27,646 | -7.2% |
| Taxes | 450/3 | €384,946 | €357,301 | -€27,646 | -7.2% |
| Other amounts payable | 47/48 | €2,419,193 | €3,285,845 | +€866,651 | +35.8% |
| Accrued charges and deferred income | 492/3 | €32,719 | €72,164 | +€39,446 | +121% |
| Other operating charges | 640/8 | €1,246 | €1,342 | +€97 | +7.8% |
| Gross operating margin | 9900 | -€473,988 | -€782,188 | -€308,200 | -65.0% |
| Operating profit (loss) | 9901 | -€475,233 | -€783,530 | -€308,297 | -64.9% |
| Financial income | 75/76B | €4,770,000 | €4,853,428 | +€83,428 | +1.7% |
| Recurring financial income | 75 | €4,770,000 | €4,853,428 | +€83,428 | +1.7% |
| Financial charges | 65/66B | €12,502 | €92,543 | +€80,041 | +640% |
| Recurring financial charges | 65 | €12,502 | €92,543 | +€80,041 | +640% |
| Profit (loss) for the period before taxes | 9903 | €4,282,264 | €3,977,355 | -€304,909 | -7.1% |
| Income taxes | 67/77 | €389,297 | €361,578 | -€27,719 | -7.1% |
| Profit (loss) for the period | 9904 | €3,892,967 | €3,615,777 | -€277,190 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,892,967 | €3,615,777 | -€277,190 | -7.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.