VINDI: what changed
VINDI
Largest movements
- Cash +€339,915
up €339,915 (+347%), from €98,077 to €437,992
mainly Investment in fixed assets (net) (+€210,843) and Net result for the year (+€122,336)
- Tangible fixed assets -€228,482
down €228,482 (-82.0%), from €278,607 to €50,124
of which Land and buildings: -€202,988
- Current investments +€28,500
up €28,500 (+23.4%), from €121,549 to €150,049
- Receivables within one year -€10,856
down €10,856 (-16.0%), from €67,786 to €56,930
of which Other amounts receivable: -€12,468
- Reserves +€122,336
up €122,336 (+22.9%), from €533,890 to €656,226
- Gross operating margin +€146,669
up €146,669 (+226%), from €64,802 to €211,471
- Taxes +€40,646
up €40,646 (+367%), from €11,073 to €51,719
- Depreciation -€9,483
down €9,483 (-35.0%), from €27,122 to €17,640
- Financial charges +€2,422
up €2,422, from -€1,701 to €721
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €568,028 | €697,222 | +€129,193 | +22.7% |
| Fixed assets | 21/28 | €278,607 | €50,124 | -€228,482 | -82.0% |
| Tangible fixed assets | 22/27 | €278,607 | €50,124 | -€228,482 | -82.0% |
| Land and buildings | 22 | €202,988 | €0 | -€202,988 | -100% |
| Plant, machinery and equipment | 23 | €3,319 | €4,160 | +€841 | +25.3% |
| Furniture and vehicles | 24 | €72,300 | €45,965 | -€26,335 | -36.4% |
| Current assets | 29/58 | €289,422 | €647,097 | +€357,676 | +124% |
| Amounts receivable within one year | 40/41 | €67,786 | €56,930 | -€10,856 | -16.0% |
| Trade receivables | 40 | - | €1,612 | +€1,612 | |
| Other amounts receivable | 41 | €67,786 | €55,318 | -€12,468 | -18.4% |
| Current investments | 50/53 | €121,549 | €150,049 | +€28,500 | +23.4% |
| Cash at bank and in hand | 54/58 | €98,077 | €437,992 | +€339,915 | +347% |
| Deferred charges and accrued income | 490/1 | €2,010 | €2,127 | +€117 | +5.8% |
| Total equity and liabilities | 10/49 | €568,028 | €697,222 | +€129,193 | +22.7% |
| Equity | 10/15 | €540,087 | €662,423 | +€122,336 | +22.7% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €533,890 | €656,226 | +€122,336 | +22.9% |
| Distributable reserves | 133 | €533,890 | €656,226 | +€122,336 | +22.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €27,941 | €34,799 | +€6,857 | +24.5% |
| Amounts payable within one year | 42/48 | €27,941 | €34,799 | +€6,857 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €6,762 | €5,045 | -€1,716 | -25.4% |
| Trade debts | 44 | €4,646 | €9,652 | +€5,006 | +108% |
| Suppliers | 440/4 | €4,646 | €9,652 | +€5,006 | +108% |
| Taxes, remuneration and social security | 45 | €13,536 | €16,942 | +€3,406 | +25.2% |
| Taxes | 450/3 | €12,863 | €16,942 | +€4,079 | +31.7% |
| Remuneration and social security | 454/9 | €673 | €0 | -€673 | -100% |
| Other amounts payable | 47/48 | €2,998 | €3,159 | +€161 | +5.4% |
| Non-recurring operating income | 76A | - | €155,001 | +€155,001 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,122 | €17,640 | -€9,483 | -35.0% |
| Other operating charges | 640/8 | €1,641 | €1,495 | -€146 | -8.9% |
| Non-recurring operating charges | 66A | - | €18,581 | +€18,581 | |
| Gross operating margin | 9900 | €64,802 | €211,471 | +€146,669 | +226% |
| Operating profit (loss) | 9901 | €36,038 | €173,755 | +€137,717 | +382% |
| Financial income | 75/76B | €10 | €1,021 | +€1,010 | +9,651% |
| Recurring financial income | 75 | €10 | €1,021 | +€1,010 | +9,651% |
| Financial charges | 65/66B | -€1,701 | €721 | +€2,422 | |
| Recurring financial charges | 65 | -€1,701 | €721 | +€2,422 | |
| Profit (loss) for the period before taxes | 9903 | €37,750 | €174,055 | +€136,305 | +361% |
| Income taxes | 67/77 | €11,073 | €51,719 | +€40,646 | +367% |
| Profit (loss) for the period | 9904 | €26,677 | €122,336 | +€95,660 | +359% |
| Profit (loss) for the period to be appropriated | 9905 | €26,677 | €122,336 | +€95,660 | +359% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.