VINDA: 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.
VINDA
Largest movements
- Cash -€16,110
down €16,110 (-14.0%), from €115,219 to €99,109
mainly Contributions, distributions and other (-€50,000) and Debts after one year (-€31,570)
- Tangible fixed assets -€10,441
down €10,441 (-35.9%), from €29,076 to €18,636
of which Furniture and vehicles: -€8,676
- Current investments +€5,049
new in 2025: €5,049
- Debts after one year -€31,570
down €31,570 (-22.6%), from €139,396 to €107,827
- Reserves +€10,956
up €10,956 (+6.0%), from €184,089 to €195,045
- Gross operating margin -€5,359
down €5,359 (-5.0%), from €106,845 to €101,486
- Taxes -€1,327
down €1,327 (-5.9%), from €22,656 to €21,329
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 | €415,524 | €394,201 | -€21,322 | -5.1% |
| Fixed assets | 21/28 | €274,076 | €263,636 | -€10,441 | -3.8% |
| Tangible fixed assets | 22/27 | €29,076 | €18,636 | -€10,441 | -35.9% |
| Land and buildings | 22 | €8,817 | €8,320 | -€497 | -5.6% |
| Plant, machinery and equipment | 23 | €3,184 | €2,245 | -€939 | -29.5% |
| Furniture and vehicles | 24 | €15,521 | €6,845 | -€8,676 | -55.9% |
| Other tangible fixed assets | 26 | €1,554 | €1,225 | -€329 | -21.2% |
| Financial fixed assets | 28 | €245,000 | €245,000 | = | 0.0% |
| Current assets | 29/58 | €141,448 | €130,566 | -€10,882 | -7.7% |
| Amounts receivable within one year | 40/41 | €24,271 | €24,297 | +€26 | +0.1% |
| Trade receivables | 40 | €24,271 | €24,200 | -€71 | -0.3% |
| Other amounts receivable | 41 | €0 | €97 | +€97 | |
| Current investments | 50/53 | - | €5,049 | +€5,049 | |
| Cash at bank and in hand | 54/58 | €115,219 | €99,109 | -€16,110 | -14.0% |
| Deferred charges and accrued income | 490/1 | €1,957 | €2,110 | +€153 | +7.8% |
| Total equity and liabilities | 10/49 | €415,524 | €394,201 | -€21,322 | -5.1% |
| Equity | 10/15 | €185,089 | €196,045 | +€10,956 | +5.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €184,089 | €195,045 | +€10,956 | +6.0% |
| Distributable reserves | 133 | €184,089 | €195,045 | +€10,956 | +6.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €230,435 | €198,156 | -€32,279 | -14.0% |
| Amounts payable after more than one year | 17 | €139,396 | €107,827 | -€31,570 | -22.6% |
| Financial debts | 170/4 | €139,396 | €107,827 | -€31,570 | -22.6% |
| Amounts payable within one year | 42/48 | €90,748 | €89,627 | -€1,121 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €32,024 | €31,570 | -€454 | -1.4% |
| Trade debts | 44 | €2,512 | €750 | -€1,762 | -70.1% |
| Suppliers | 440/4 | €2,512 | €750 | -€1,762 | -70.1% |
| Taxes, remuneration and social security | 45 | €7,801 | €10,358 | +€2,557 | +32.8% |
| Taxes | 450/3 | €7,801 | €10,358 | +€2,557 | +32.8% |
| Other amounts payable | 47/48 | €48,411 | €46,949 | -€1,462 | -3.0% |
| Accrued charges and deferred income | 492/3 | €291 | €702 | +€412 | +142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,419 | €10,441 | +€22 | +0.2% |
| Other operating charges | 640/8 | €894 | €985 | +€92 | +10.3% |
| Gross operating margin | 9900 | €106,845 | €101,486 | -€5,359 | -5.0% |
| Operating profit (loss) | 9901 | €95,532 | €90,060 | -€5,472 | -5.7% |
| Financial income | 75/76B | €351 | €458 | +€107 | +30.6% |
| Recurring financial income | 75 | €351 | €458 | +€107 | +30.6% |
| Financial charges | 65/66B | €7,665 | €8,233 | +€567 | +7.4% |
| Recurring financial charges | 65 | €7,665 | €8,233 | +€567 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €88,217 | €82,285 | -€5,932 | -6.7% |
| Income taxes | 67/77 | €22,656 | €21,329 | -€1,327 | -5.9% |
| Profit (loss) for the period | 9904 | €65,561 | €60,956 | -€4,605 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,561 | €60,956 | -€4,605 | -7.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.