VIDO PROJECTS: 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.
What changed
VIDO PROJECTS
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€987,844
2024 · €3.1m-€4.1m
Equity
€18.5m
2024 · €19.5m-€987,844
Cash
€162,683
2024 · €3.3m-€3.1m
Balance sheet total
€26.2m
2024 · €27.4m-€1.2m
Largest movements
Assets
- Cash -€3.1m
down €3.1m (-95.1%), from €3.3m to €162,683
mainly Current investments (-€2.9m) and Net result for the year (-€987,844)
- Current investments +€2.9m
up €2.9m (+306.1%), from €937,253 to €3.8m
- Receivables after one year -€971,950
down €971,950 (-19.4%), from €5.0m to €4.0m
of which Other amounts receivable: -€1.4m
Equity and liabilities
- Profit (loss) carried forward -€987,844
down €987,844 (-24.4%), from €4.0m to €3.1m
Income statement
- Financial income -€2.9m
down €2.9m (-85.7%), from €3.4m to €486,123
of which Non-recurring financial income: -€2.2m
- Turnover +€382,087
new in 2025: €382,087
- Goods and materials +€233,333
new in 2025: €233,333
of which Purchases: +€265,568
- Services and other goods +€200,462
new in 2025: €200,462
- Gross operating margin +€98,727
no longer reported in 2025 (was -€98,727)
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.
Result 2024
€3.1m
Turnover
+€382,087
Other operating income
+€38,726
Goods and materials
-€233,333
Services and other goods
-€200,462
Depreciation
+€8,723
Write-downs
+€144
Other operating charges
-€2,700
Other operating items
-€1.2m
Financial income
-€2.9m
Financial charges
-€65,903
Taxes
+€67,245
Result 2025
-€987,844
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.
From operations
-€60,726
Investment
-€3.1m
Financing
€0
Cash 2024
€3.3m
From operations (derived)
-€60,726
Net result for the year
-€987,844
Depreciation
+€90,794
Receivables after one year
+€971,950
Stocks and contracts
-€32,235
Receivables within one year
+€116,158
Deferred charges and accrued income
+€19,387
Trade debts
-€173,754
Tax, wage and social debts
+€40,381
Other debts
-€97,880
Accrued charges and deferred income
-€7,683
Investment (derived)
-€3.1m
Investment in fixed assets (net)
-€212,627
Current investments
-€2.9m
Cash 2025
€162,683
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,381,080 | €26,154,300 | -€1.2m | -4.5% |
| Fixed assets | 21/28 | €15,494,563 | €15,616,395 | +€121,833 | +0.8% |
| Tangible fixed assets | 22/27 | €1,874,072 | €1,914,045 | +€39,973 | +2.1% |
| Land and buildings | 22 | €1,816,270 | €1,752,878 | -€63,392 | -3.5% |
| Plant, machinery and equipment | 23 | €29,223 | €32,374 | +€3,150 | +10.8% |
| Furniture and vehicles | 24 | €13,808 | €114,023 | +€100,215 | +725.8% |
| Other tangible fixed assets | 26 | €14,770 | €14,770 | = | 0.0% |
| Financial fixed assets | 28 | €13,620,491 | €13,702,351 | +€81,860 | +0.6% |
| Affiliated companies | 280/1 | - | €10,350,329 | +€10.4m | |
| Participating interests | 280 | - | €10,350,329 | +€10.4m | |
| Other financial fixed assets | 284/8 | - | €3,352,021 | +€3.4m | |
| Shares | 284 | - | €3,350,342 | +€3.4m | |
| Amounts receivable and cash guarantees | 285/8 | - | €1,679 | +€1,679 | |
| Current assets | 29/58 | €11,886,517 | €10,537,905 | -€1.3m | -11.3% |
| Amounts receivable after more than one year | 29 | €5,003,629 | €4,031,679 | -€971,950 | -19.4% |
| Trade receivables | 290 | - | €429,501 | +€429,501 | |
| Other amounts receivable | 291 | €5,003,629 | €3,602,178 | -€1.4m | -28.0% |
| Stocks and contracts in progress | 3 | €379,326 | €411,561 | +€32,235 | +8.5% |
| Stocks | 30/36 | €379,326 | €411,561 | +€32,235 | +8.5% |
| Goods purchased for resale | 34 | - | €411,561 | +€411,561 | |
| Amounts receivable within one year | 40/41 | €743,703 | €627,544 | -€116,158 | -15.6% |
| Trade receivables | 40 | €111,925 | €103,084 | -€8,841 | -7.9% |
| Other amounts receivable | 41 | €631,777 | €524,460 | -€107,317 | -17.0% |
| Current investments | 50/53 | €937,253 | €3,806,173 | +€2.9m | +306.1% |
| Other investments | 51/53 | - | €3,806,173 | +€3.8m | |
| Cash at bank and in hand | 54/58 | €3,304,955 | €162,683 | -€3.1m | -95.1% |
| Deferred charges and accrued income | 490/1 | €1,517,651 | €1,498,265 | -€19,387 | -1.3% |
| Total equity and liabilities | 10/49 | €27,381,080 | €26,154,300 | -€1.2m | -4.5% |
| Equity | 10/15 | €19,455,412 | €18,467,568 | -€987,844 | -5.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €4,933,662 | €4,933,662 | = | 0.0% |
| Reserves | 13 | €10,418,378 | €10,418,378 | = | 0.0% |
| Tax-exempt reserves | 132 | €146,051 | €146,051 | = | 0.0% |
| Distributable reserves | 133 | €10,272,327 | €10,272,327 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,041,372 | €3,053,528 | -€987,844 | -24.4% |
| Provisions and deferred taxes | 16 | €42,434 | €42,434 | = | 0.0% |
| Deferred taxes | 168 | €42,434 | €42,434 | = | 0.0% |
| Amounts payable | 17/49 | €7,883,235 | €7,644,299 | -€238,936 | -3.0% |
| Amounts payable within one year | 42/48 | €7,816,641 | €7,585,388 | -€231,253 | -3.0% |
| Financial debts | 43 | €2,600,000 | €2,600,000 | = | 0.0% |
| Credit institutions | 430/8 | €2,600,000 | €2,600,000 | = | 0.0% |
| Trade debts | 44 | €226,510 | €52,756 | -€173,754 | -76.7% |
| Suppliers | 440/4 | €226,510 | €52,756 | -€173,754 | -76.7% |
| Taxes, remuneration and social security | 45 | €5,427 | €45,808 | +€40,381 | +744.1% |
| Taxes | 450/3 | €5,427 | €45,808 | +€40,381 | +744.1% |
| Other amounts payable | 47/48 | €4,984,704 | €4,886,824 | -€97,880 | -2.0% |
| Accrued charges and deferred income | 492/3 | €66,594 | €58,911 | -€7,683 | -11.5% |
| Operating income | 70/76A | - | €420,813 | +€420,813 | |
| Turnover | 70 | - | €382,087 | +€382,087 | |
| Other operating income | 74 | - | €38,726 | +€38,726 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | - | €1,789,927 | +€1.8m | |
| Goods for resale, raw materials and consumables | 60 | - | €233,333 | +€233,333 | |
| Purchases | 600/8 | - | €265,568 | +€265,568 | |
| Change in stocks: decrease (increase) | 609 | - | -€32,235 | -€32,235 | |
| Services and other goods | 61 | - | €200,462 | +€200,462 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,517 | €90,794 | -€8,723 | -8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €144 | €0 | -€144 | -100.0% |
| Other operating charges | 640/8 | €9,995 | €12,694 | +€2,700 | +27.0% |
| Non-recurring operating charges | 66A | - | €1,252,643 | +€1.3m | |
| Gross operating margin | 9900 | -€98,727 | - | +€98,727 | |
| Operating profit (loss) | 9901 | -€208,382 | -€1,369,113 | -€1.2m | -557.0% |
| Financial income | 75/76B | €3,409,123 | €486,123 | -€2.9m | -85.7% |
| Recurring financial income | 75 | €1,240,449 | €486,123 | -€754,326 | -60.8% |
| Income from financial fixed assets | 750 | - | €11,197 | +€11,197 | |
| Income from current assets | 751 | - | €474,926 | +€474,926 | |
| Other financial income | 752/9 | - | €0 | = | |
| Non-recurring financial income | 76B | €2,168,675 | €0 | -€2.2m | -100.0% |
| Financial charges | 65/66B | €38,950 | €104,853 | +€65,903 | +169.2% |
| Recurring financial charges | 65 | €26,697 | €104,853 | +€78,156 | +292.8% |
| Debt charges | 650 | - | €125,931 | +€125,931 | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | -€23,098 | -€23,098 | |
| Other financial charges | 652/9 | - | €2,021 | +€2,021 | |
| Non-recurring financial charges | 66B | €12,253 | €0 | -€12,253 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €3,161,791 | -€987,844 | -€4.1m | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €67,245 | €0 | -€67,245 | -100.0% |
| Taxes | 670/3 | - | €0 | = | |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €3,094,546 | -€987,844 | -€4.1m | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €3,094,546 | -€987,844 | -€4.1m |
Source: filed annual accounts (NBB), fiscal years ended 29 February 2024 and 28 February 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.