ViDeM: 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.
ViDeM
Largest movements
- Cash -€101,754
down €101,754 (-75.0%), from €135,620 to €33,866
mainly Tax, wage and social debts (-€34,648) and Net result for the year (-€32,164)
- Receivables within one year +€12,342
up €12,342 (+2155.1%), from €573 to €12,915
of which Other amounts receivable: +€12,502
- Tangible fixed assets -€11,608
down €11,608 (-3.1%), from €377,105 to €365,496
of which Land and buildings: -€12,275
- Current investments +€8,724
up €8,724 (+41.3%), from €21,110 to €29,834
- Tax, wage and social debts -€34,648
down €34,648 (-90.8%), from €38,154 to €3,506
of which Taxes: -€34,501
- Profit (loss) carried forward -€32,164
down €32,164 (-37.2%), from €86,373 to €54,209
- Debts after one year -€26,644
down €26,644 (-8.9%), from €299,672 to €273,028
- Other debts -€17,443
down €17,443 (-29.1%), from €60,000 to €42,557
- Short-term financial debts +€14,572
new in 2025: €14,572
- Gross operating margin -€99,362
down €99,362, from €91,925 to -€7,437
- Taxes -€14,614
down €14,614 (-97.4%), from €15,001 to €387
- Other operating charges -€3,245
down €3,245 (-56.9%), from €5,703 to €2,457
- Depreciation -€1,509
down €1,509 (-10.5%), from €14,373 to €12,864
- Financial charges +€983
up €983 (+11.9%), from €8,265 to €9,248
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 | €534,408 | €442,448 | -€91,959 | -17.2% |
| Fixed assets | 21/28 | €377,105 | €365,496 | -€11,608 | -3.1% |
| Tangible fixed assets | 22/27 | €377,105 | €365,496 | -€11,608 | -3.1% |
| Land and buildings | 22 | €376,510 | €364,235 | -€12,275 | -3.3% |
| Furniture and vehicles | 24 | €594 | €1,261 | +€667 | +112.2% |
| Current assets | 29/58 | €157,303 | €76,952 | -€80,351 | -51.1% |
| Amounts receivable within one year | 40/41 | €573 | €12,915 | +€12,342 | +2155.1% |
| Trade receivables | 40 | €254 | €94 | -€160 | -62.8% |
| Other amounts receivable | 41 | €319 | €12,820 | +€12,502 | +3922.8% |
| Current investments | 50/53 | €21,110 | €29,834 | +€8,724 | +41.3% |
| Cash at bank and in hand | 54/58 | €135,620 | €33,866 | -€101,754 | -75.0% |
| Deferred charges and accrued income | 490/1 | - | €337 | +€337 | |
| Total equity and liabilities | 10/49 | €534,408 | €442,448 | -€91,959 | -17.2% |
| Equity | 10/15 | €106,833 | €74,669 | -€32,164 | -30.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,373 | €54,209 | -€32,164 | -37.2% |
| Amounts payable | 17/49 | €427,574 | €367,779 | -€59,795 | -14.0% |
| Amounts payable after more than one year | 17 | €299,672 | €273,028 | -€26,644 | -8.9% |
| Financial debts | 170/4 | €299,672 | €273,028 | -€26,644 | -8.9% |
| Amounts payable within one year | 42/48 | €127,221 | €91,663 | -€35,558 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €26,296 | €26,644 | +€348 | +1.3% |
| Financial debts | 43 | - | €14,572 | +€14,572 | |
| Credit institutions | 430/8 | - | €14,572 | +€14,572 | |
| Trade debts | 44 | €2,771 | €4,382 | +€1,612 | +58.2% |
| Suppliers | 440/4 | €2,771 | €4,382 | +€1,612 | +58.2% |
| Taxes, remuneration and social security | 45 | €38,154 | €3,506 | -€34,648 | -90.8% |
| Taxes | 450/3 | €37,964 | €3,463 | -€34,501 | -90.9% |
| Remuneration and social security | 454/9 | €190 | €44 | -€147 | -77.1% |
| Other amounts payable | 47/48 | €60,000 | €42,557 | -€17,443 | -29.1% |
| Accrued charges and deferred income | 492/3 | €681 | €3,088 | +€2,408 | +353.6% |
| Remuneration, social security and pensions | 62 | €1,848 | €2,237 | +€389 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,373 | €12,864 | -€1,509 | -10.5% |
| Other operating charges | 640/8 | €5,703 | €2,457 | -€3,245 | -56.9% |
| Gross operating margin | 9900 | €91,925 | -€7,437 | -€99,362 | |
| Operating profit (loss) | 9901 | €70,001 | -€24,994 | -€94,996 | |
| Financial income | 75/76B | €2,109 | €2,465 | +€357 | +16.9% |
| Recurring financial income | 75 | €2,109 | €2,465 | +€357 | +16.9% |
| Financial charges | 65/66B | €8,265 | €9,248 | +€983 | +11.9% |
| Recurring financial charges | 65 | €8,265 | €9,248 | +€983 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €63,845 | -€31,777 | -€95,622 | |
| Income taxes | 67/77 | €15,001 | €387 | -€14,614 | -97.4% |
| Profit (loss) for the period | 9904 | €48,843 | -€32,164 | -€81,008 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,843 | -€32,164 | -€81,008 |
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 3 October 2026 via checked.be.