VIDEF: 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.
VIDEF
Largest movements
- Cash +€269,174
up €269,174 (+190.1%), from €141,628 to €410,801
mainly Net result for the year (+€242,810) and Other debts (+€72,805)
- Tangible fixed assets -€25,080
down €25,080 (-4.7%), from €535,053 to €509,972
of which Land and buildings: -€24,960
- Deferred charges and accrued income +€21,037
up €21,037 (+164.3%), from €12,802 to €33,839
- Reserves +€166,358
up €166,358 (+16.2%), from €1.0m to €1.2m
- Other debts +€72,805
up €72,805 (+50.1%), from €145,194 to €217,999
- Provisions +€56,903
up €56,903 (+85.3%), from €66,696 to €123,599
- Debts after one year -€22,029
down €22,029 (-7.4%), from €295,779 to €273,750
of which Financial debts: -€22,029
- Gross operating margin +€136,487
up €136,487 (+38.0%), from €359,430 to €495,917
- Provisions +€51,155
up €51,155 (+890.1%), from €5,747 to €56,903
- Taxes +€38,452
up €38,452 (+41.0%), from €93,834 to €132,287
- Other operating charges +€5,261
up €5,261 (+164.1%), from €3,206 to €8,467
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 | €1,603,208 | €1,874,223 | +€271,015 | +16.9% |
| Fixed assets | 21/28 | €535,153 | €510,072 | -€25,080 | -4.7% |
| Tangible fixed assets | 22/27 | €535,053 | €509,972 | -€25,080 | -4.7% |
| Land and buildings | 22 | €523,975 | €499,015 | -€24,960 | -4.8% |
| Furniture and vehicles | 24 | €5,343 | €5,846 | +€503 | +9.4% |
| Other tangible fixed assets | 26 | €5,735 | €5,112 | -€623 | -10.9% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €1,068,055 | €1,364,151 | +€296,095 | +27.7% |
| Amounts receivable within one year | 40/41 | €913,626 | €919,511 | +€5,885 | +0.6% |
| Trade receivables | 40 | €101,331 | €21,534 | -€79,797 | -78.7% |
| Other amounts receivable | 41 | €812,295 | €897,976 | +€85,682 | +10.5% |
| Cash at bank and in hand | 54/58 | €141,628 | €410,801 | +€269,174 | +190.1% |
| Deferred charges and accrued income | 490/1 | €12,802 | €33,839 | +€21,037 | +164.3% |
| Total equity and liabilities | 10/49 | €1,603,208 | €1,874,223 | +€271,015 | +16.9% |
| Equity | 10/15 | €1,044,529 | €1,210,027 | +€165,499 | +15.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,028,599 | €1,194,956 | +€166,358 | +16.2% |
| Distributable reserves | 133 | €1,028,599 | €1,194,956 | +€166,358 | +16.2% |
| Profit (loss) carried forward | 14 | €3,530 | €2,671 | -€859 | -24.3% |
| Provisions and deferred taxes | 16 | €66,696 | €123,599 | +€56,903 | +85.3% |
| Provisions for liabilities and charges | 160/5 | €66,696 | €123,599 | +€56,903 | +85.3% |
| Other liabilities and charges | 164/5 | €66,696 | €123,599 | +€56,903 | +85.3% |
| Amounts payable | 17/49 | €491,983 | €540,597 | +€48,614 | +9.9% |
| Amounts payable after more than one year | 17 | €295,779 | €273,750 | -€22,029 | -7.4% |
| Financial debts | 170/4 | €292,229 | €270,200 | -€22,029 | -7.5% |
| Other amounts payable | 178/9 | €3,550 | €3,550 | = | 0.0% |
| Amounts payable within one year | 42/48 | €196,204 | €264,772 | +€68,568 | +34.9% |
| Current portion of amounts payable after more than one year | 42 | €23,895 | €22,029 | -€1,866 | -7.8% |
| Trade debts | 44 | €10,361 | €3,764 | -€6,597 | -63.7% |
| Suppliers | 440/4 | €10,361 | €3,764 | -€6,597 | -63.7% |
| Taxes, remuneration and social security | 45 | €16,754 | €20,981 | +€4,226 | +25.2% |
| Taxes | 450/3 | €11,754 | €15,981 | +€4,226 | +36.0% |
| Remuneration and social security | 454/9 | €5,000 | €5,000 | = | 0.0% |
| Other amounts payable | 47/48 | €145,194 | €217,999 | +€72,805 | +50.1% |
| Accrued charges and deferred income | 492/3 | - | €2,075 | +€2,075 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,156 | €29,014 | +€3,859 | +15.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,747 | €56,903 | +€51,155 | +890.1% |
| Other operating charges | 640/8 | €3,206 | €8,467 | +€5,261 | +164.1% |
| Non-recurring operating charges | 66A | €887 | - | -€887 | |
| Gross operating margin | 9900 | €359,430 | €495,917 | +€136,487 | +38.0% |
| Operating profit (loss) | 9901 | €324,434 | €401,533 | +€77,099 | +23.8% |
| Financial income | 75/76B | €45,972 | €44,801 | -€1,171 | -2.5% |
| Recurring financial income | 75 | €45,972 | €44,801 | -€1,171 | -2.5% |
| Financial charges | 65/66B | €74,257 | €71,238 | -€3,019 | -4.1% |
| Recurring financial charges | 65 | €74,257 | €71,238 | -€3,019 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €296,149 | €375,096 | +€78,948 | +26.7% |
| Income taxes | 67/77 | €93,834 | €132,287 | +€38,452 | +41.0% |
| Profit (loss) for the period | 9904 | €202,314 | €242,810 | +€40,495 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €202,314 | €242,810 | +€40,495 | +20.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.