VINDIC: 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.
VINDIC
Largest movements
- Tangible fixed assets -€2,858
down €2,858 (-9.4%), from €30,330 to €27,472
of which Land and buildings: -€2,705
- Cash +€1,463
up €1,463 (+7.1%), from €20,706 to €22,169
mainly Depreciation (+€2,858)
- Profit (loss) carried forward -€1,395
down €1,395 (-1.6%), from -€86,939 to -€88,335
- Gross operating margin -€1,080
down €1,080 (-36.7%), from €2,942 to €1,862
- Depreciation -€53
down €53 (-1.8%), from €2,911 to €2,858
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 | €51,037 | €49,641 | -€1,395 | -2.7% |
| Fixed assets | 21/28 | €30,330 | €27,472 | -€2,858 | -9.4% |
| Tangible fixed assets | 22/27 | €30,330 | €27,472 | -€2,858 | -9.4% |
| Land and buildings | 22 | €22,747 | €20,041 | -€2,705 | -11.9% |
| Furniture and vehicles | 24 | €7,584 | €7,431 | -€153 | -2.0% |
| Current assets | 29/58 | €20,706 | €22,169 | +€1,463 | +7.1% |
| Cash at bank and in hand | 54/58 | €20,706 | €22,169 | +€1,463 | +7.1% |
| Total equity and liabilities | 10/49 | €51,037 | €49,641 | -€1,395 | -2.7% |
| Equity | 10/15 | €17,176 | €15,781 | -€1,395 | -8.1% |
| Contributions | 10/11 | €104,115 | €104,115 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,939 | -€88,335 | -€1,395 | -1.6% |
| Amounts payable | 17/49 | €33,861 | €33,861 | = | 0.0% |
| Amounts payable within one year | 42/48 | €33,861 | €33,861 | = | 0.0% |
| Trade debts | 44 | €1,389 | €1,389 | = | 0.0% |
| Suppliers | 440/4 | €1,389 | €1,389 | = | 0.0% |
| Other amounts payable | 47/48 | €32,472 | €32,472 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,911 | €2,858 | -€53 | -1.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €2,942 | €1,862 | -€1,080 | -36.7% |
| Operating profit (loss) | 9901 | -€356 | -€1,395 | -€1,039 | -291.9% |
| Profit (loss) for the period before taxes | 9903 | -€356 | -€1,395 | -€1,039 | -291.9% |
| Profit (loss) for the period | 9904 | -€356 | -€1,395 | -€1,039 | -291.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€356 | -€1,395 | -€1,039 | -291.9% |
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 6 October 2026 via checked.be.