VIDED: what changed
Two fiscal 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.
VIDED
Largest movements
- Tangible fixed assets -€36,216
down €36,216 (-10.9%), from €333,421 to €297,206
of which Leasing and similar rights: -€34,184
- Receivables within one year -€20,478
down €20,478 (-7.9%), from €259,990 to €239,513
of which Trade receivables: -€12,036
- Stocks and contracts +€13,819
up €13,819 (+27.3%), from €50,655 to €64,475
- Current portion of long-term debt -€26,200
down €26,200 (-50.0%), from €52,408 to €26,208
- Short-term financial debts +€18,848
up €18,848 (+43.9%), from €42,890 to €61,738
of which Other loans: +€12,500
- Debts after one year -€17,965
down €17,965 (-36.1%), from €49,827 to €31,862
- Tax, wage and social debts -€12,983
down €12,983 (-44.4%), from €29,249 to €16,266
of which Taxes: -€9,905
- Other debts +€9,580
up €9,580 (+12.0%), from €79,602 to €89,182
- Staff costs -€93,318
no longer reported in 2025 (was €93,318)
- Gross operating margin -€57,928
down €57,928 (-27.8%), from €208,231 to €150,303
- Taxes +€36,097
up €36,097 (+359.1%), from €10,052 to €46,149
- Depreciation -€14,369
down €14,369 (-30.2%), from €47,505 to €33,136
- Financial charges -€4,153
down €4,153 (-16.3%), from €25,546 to €21,393
of which Financial charges: -€5,416
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 | €666,543 | €631,486 | -€35,057 | -5.3% |
| Fixed assets | 21/28 | €333,421 | €297,206 | -€36,216 | -10.9% |
| Tangible fixed assets | 22/27 | €333,421 | €297,206 | -€36,216 | -10.9% |
| Land and buildings | 22 | €180,796 | €197,156 | +€16,360 | +9.0% |
| Plant, machinery and equipment | 23 | €20,878 | €18,717 | -€2,161 | -10.4% |
| Furniture and vehicles | 24 | €34,162 | €23,881 | -€10,281 | -30.1% |
| Leasing and similar rights | 25 | €39,675 | €5,491 | -€34,184 | -86.2% |
| Other tangible fixed assets | 26 | €57,910 | €51,961 | -€5,949 | -10.3% |
| Current assets | 29/58 | €333,122 | €334,281 | +€1,159 | +0.3% |
| Stocks and contracts in progress | 3 | €50,655 | €64,475 | +€13,819 | +27.3% |
| Stocks | 30/36 | €50,655 | €64,475 | +€13,819 | +27.3% |
| Amounts receivable within one year | 40/41 | €259,990 | €239,513 | -€20,478 | -7.9% |
| Trade receivables | 40 | €162,846 | €150,810 | -€12,036 | -7.4% |
| Other amounts receivable | 41 | €97,145 | €88,703 | -€8,442 | -8.7% |
| Cash at bank and in hand | 54/58 | €230 | €1,383 | +€1,154 | +502.7% |
| Deferred charges and accrued income | 490/1 | €22,246 | €28,910 | +€6,663 | +30.0% |
| Total equity and liabilities | 10/49 | €666,543 | €631,486 | -€35,057 | -5.3% |
| Equity | 10/15 | €259,207 | €259,436 | +€229 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €240,607 | €240,836 | +€229 | +0.1% |
| Distributable reserves | 133 | €240,607 | €240,836 | +€229 | +0.1% |
| Amounts payable | 17/49 | €407,336 | €372,051 | -€35,285 | -8.7% |
| Amounts payable after more than one year | 17 | €49,827 | €31,862 | -€17,965 | -36.1% |
| Financial debts | 170/4 | €49,827 | €31,862 | -€17,965 | -36.1% |
| Amounts payable within one year | 42/48 | €356,632 | €339,985 | -€16,647 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €52,408 | €26,208 | -€26,200 | -50.0% |
| Financial debts | 43 | €42,890 | €61,738 | +€18,848 | +43.9% |
| Credit institutions | 430/8 | €30,390 | €36,738 | +€6,348 | +20.9% |
| Other loans | 439 | €12,500 | €25,000 | +€12,500 | +100.0% |
| Trade debts | 44 | €152,483 | €146,591 | -€5,892 | -3.9% |
| Suppliers | 440/4 | €152,483 | €146,591 | -€5,892 | -3.9% |
| Taxes, remuneration and social security | 45 | €29,249 | €16,266 | -€12,983 | -44.4% |
| Taxes | 450/3 | €24,172 | €14,266 | -€9,905 | -41.0% |
| Remuneration and social security | 454/9 | €5,077 | €2,000 | -€3,077 | -60.6% |
| Other amounts payable | 47/48 | €79,602 | €89,182 | +€9,580 | +12.0% |
| Accrued charges and deferred income | 492/3 | €877 | €203 | -€673 | -76.8% |
| Non-recurring operating income | 76A | €3,413 | - | -€3,413 | |
| Remuneration, social security and pensions | 62 | €93,318 | - | -€93,318 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,505 | €33,136 | -€14,369 | -30.2% |
| Other operating charges | 640/8 | €6,871 | €9,013 | +€2,141 | +31.2% |
| Non-recurring operating charges | 66A | €10,919 | €6,904 | -€4,015 | -36.8% |
| Gross operating margin | 9900 | €208,231 | €150,303 | -€57,928 | -27.8% |
| Operating profit (loss) | 9901 | €49,619 | €101,251 | +€51,632 | +104.1% |
| Financial income | 75/76B | €3,683 | €665 | -€3,018 | -81.9% |
| Recurring financial income | 75 | €3,683 | €665 | -€3,018 | -81.9% |
| Financial charges | 65/66B | €25,546 | €21,393 | -€4,153 | -16.3% |
| Recurring financial charges | 65 | €25,296 | €19,880 | -€5,416 | -21.4% |
| Non-recurring financial charges | 66B | €250 | €1,513 | +€1,263 | +505.0% |
| Profit (loss) for the period before taxes | 9903 | €27,755 | €80,524 | +€52,768 | +190.1% |
| Income taxes | 67/77 | €10,052 | €46,149 | +€36,097 | +359.1% |
| Profit (loss) for the period | 9904 | €17,704 | €34,375 | +€16,671 | +94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,704 | €34,375 | +€16,671 | +94.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.