Videlsa: 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.
Videlsa
Largest movements
- Receivables within one year +€31,887
up €31,887 (+52.1%), from €61,149 to €93,036
of which Other amounts receivable: +€22,190
- Cash -€14,168
down €14,168 (-61.9%), from €22,877 to €8,709
mainly Receivables within one year (-€31,887) and Debts after one year (-€15,583)
- Tangible fixed assets -€11,056
down €11,056 (-43.3%), from €25,555 to €14,498
of which Furniture and vehicles: -€9,868
- Stocks and contracts +€3,871
up €3,871 (+306%), from €1,265 to €5,136
- Debts after one year -€15,583
down €15,583 (-19.0%), from €82,026 to €66,443
- Reserves +€15,073
up €15,073 (+98.2%), from €15,353 to €30,426
- Tax, wage and social debts +€6,118
up €6,118 (+61.0%), from €10,028 to €16,146
of which Taxes: +€6,026
- Trade debts +€4,310
up €4,310 (+210%), from €2,051 to €6,362
- Depreciation -€5,972
down €5,972 (-40.1%), from €14,878 to €8,907
- Staff costs +€1,682
new in 2025: €1,682
- Taxes +€1,424
up €1,424 (+30.5%), from €4,671 to €6,096
- Gross operating margin +€1,419
up €1,419 (+4.7%), from €30,512 to €31,932
- Financial income +€692
up €692 (+45.7%), from €1,517 to €2,209
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 | €209,968 | €220,370 | +€10,402 | +5.0% |
| Fixed assets | 21/28 | €123,955 | €112,898 | -€11,056 | -8.9% |
| Tangible fixed assets | 22/27 | €25,555 | €14,498 | -€11,056 | -43.3% |
| Land and buildings | 22 | €4,257 | €4,165 | -€92 | -2.2% |
| Plant, machinery and equipment | 23 | €1,287 | €191 | -€1,096 | -85.1% |
| Furniture and vehicles | 24 | €20,011 | €10,142 | -€9,868 | -49.3% |
| Financial fixed assets | 28 | €98,400 | €98,400 | = | 0.0% |
| Current assets | 29/58 | €86,013 | €107,471 | +€21,458 | +24.9% |
| Stocks and contracts in progress | 3 | €1,265 | €5,136 | +€3,871 | +306% |
| Stocks | 30/36 | €1,265 | €5,136 | +€3,871 | +306% |
| Amounts receivable within one year | 40/41 | €61,149 | €93,036 | +€31,887 | +52.1% |
| Trade receivables | 40 | €4,830 | €14,527 | +€9,698 | +201% |
| Other amounts receivable | 41 | €56,319 | €78,509 | +€22,190 | +39.4% |
| Cash at bank and in hand | 54/58 | €22,877 | €8,709 | -€14,168 | -61.9% |
| Deferred charges and accrued income | 490/1 | €722 | €590 | -€132 | -18.3% |
| Total equity and liabilities | 10/49 | €209,968 | €220,370 | +€10,402 | +5.0% |
| Equity | 10/15 | €25,353 | €40,426 | +€15,073 | +59.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €15,353 | €30,426 | +€15,073 | +98.2% |
| Distributable reserves | 133 | €15,353 | €30,426 | +€15,073 | +98.2% |
| Amounts payable | 17/49 | €184,615 | €179,944 | -€4,671 | -2.5% |
| Amounts payable after more than one year | 17 | €82,026 | €66,443 | -€15,583 | -19.0% |
| Financial debts | 170/4 | €82,026 | €66,443 | -€15,583 | -19.0% |
| Amounts payable within one year | 42/48 | €102,428 | €113,340 | +€10,912 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €15,340 | €15,583 | +€243 | +1.6% |
| Trade debts | 44 | €2,051 | €6,362 | +€4,310 | +210% |
| Suppliers | 440/4 | €2,051 | €6,362 | +€4,310 | +210% |
| Taxes, remuneration and social security | 45 | €10,028 | €16,146 | +€6,118 | +61.0% |
| Taxes | 450/3 | €10,028 | €16,054 | +€6,026 | +60.1% |
| Remuneration and social security | 454/9 | €0 | €92 | +€92 | |
| Other amounts payable | 47/48 | €75,009 | €75,249 | +€240 | +0.3% |
| Accrued charges and deferred income | 492/3 | €160 | €160 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €1,682 | +€1,682 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,878 | €8,907 | -€5,972 | -40.1% |
| Other operating charges | 640/8 | €893 | €1,076 | +€183 | +20.4% |
| Non-recurring operating charges | 66A | €63 | €0 | -€63 | -100% |
| Gross operating margin | 9900 | €30,512 | €31,932 | +€1,419 | +4.7% |
| Operating profit (loss) | 9901 | €14,678 | €20,267 | +€5,589 | +38.1% |
| Financial income | 75/76B | €1,517 | €2,209 | +€692 | +45.7% |
| Recurring financial income | 75 | €1,517 | €2,209 | +€692 | +45.7% |
| Financial charges | 65/66B | €1,442 | €1,308 | -€134 | -9.3% |
| Recurring financial charges | 65 | €1,442 | €1,308 | -€134 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €14,753 | €21,169 | +€6,416 | +43.5% |
| Income taxes | 67/77 | €4,671 | €6,096 | +€1,424 | +30.5% |
| Profit (loss) for the period | 9904 | €10,082 | €15,073 | +€4,991 | +49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,082 | €15,073 | +€4,991 | +49.5% |
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 15 October 2026 via checked.be.