VINDUR: 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.
VINDUR
Largest movements
- Cash -€10,169
down €10,169 (-8.6%), from €118,824 to €108,655
mainly Net result for the year (-€15,527) and Receivables within one year (-€3,297)
- Tangible fixed assets -€7,584
down €7,584 (-31.5%), from €24,072 to €16,488
of which Furniture and vehicles: -€6,476
- Receivables within one year +€3,297
up €3,297 (+49.5%), from €6,657 to €9,954
of which Trade receivables: +€4,754
- Profit (loss) carried forward -€13,527
down €13,527, from €397 to -€13,130
- Trade debts +€3,091
up €3,091 (+21.3%), from €14,489 to €17,581
- Reserves -€2,000
down €2,000 (-2.1%), from €93,406 to €91,406
of which Distributable reserves: -€2,000
- Gross operating margin -€37,916
down €37,916, from €26,216 to -€11,701
- Other operating charges -€6,682
down €6,682 (-88.0%), from €7,596 to €914
- Taxes -€5,427
down €5,427 (-95.1%), from €5,705 to €277
- Write-downs +€4,288
no longer reported in 2025 (was -€4,288)
- Financial charges -€1,005
down €1,005 (-42.8%), from €2,349 to €1,343
of which Non-recurring financial charges: -€1,668
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 | €159,045 | €146,045 | -€13,000 | -8.2% |
| Fixed assets | 21/28 | €24,072 | €16,488 | -€7,584 | -31.5% |
| Tangible fixed assets | 22/27 | €24,072 | €16,488 | -€7,584 | -31.5% |
| Land and buildings | 22 | €17,596 | €16,488 | -€1,108 | -6.3% |
| Furniture and vehicles | 24 | €6,476 | - | -€6,476 | |
| Current assets | 29/58 | €134,973 | €129,557 | -€5,416 | -4.0% |
| Stocks and contracts in progress | 3 | €8,334 | €9,494 | +€1,160 | +13.9% |
| Stocks | 30/36 | €8,334 | €9,494 | +€1,160 | +13.9% |
| Amounts receivable within one year | 40/41 | €6,657 | €9,954 | +€3,297 | +49.5% |
| Trade receivables | 40 | €3,426 | €8,181 | +€4,754 | +139% |
| Other amounts receivable | 41 | €3,231 | €1,773 | -€1,457 | -45.1% |
| Cash at bank and in hand | 54/58 | €118,824 | €108,655 | -€10,169 | -8.6% |
| Deferred charges and accrued income | 490/1 | €1,159 | €1,455 | +€296 | +25.6% |
| Total equity and liabilities | 10/49 | €159,045 | €146,045 | -€13,000 | -8.2% |
| Equity | 10/15 | €113,804 | €98,277 | -€15,527 | -13.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €93,406 | €91,406 | -€2,000 | -2.1% |
| Tax-exempt reserves | 132 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €84,406 | €82,406 | -€2,000 | -2.4% |
| Profit (loss) carried forward | 14 | €397 | -€13,130 | -€13,527 | |
| Amounts payable | 17/49 | €45,241 | €47,768 | +€2,527 | +5.6% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Other amounts payable | 178/9 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,241 | €22,768 | +€2,527 | +12.5% |
| Trade debts | 44 | €14,489 | €17,581 | +€3,091 | +21.3% |
| Suppliers | 440/4 | €14,489 | €17,581 | +€3,091 | +21.3% |
| Taxes, remuneration and social security | 45 | €1,111 | €648 | -€463 | -41.6% |
| Taxes | 450/3 | €608 | €145 | -€463 | -76.1% |
| Remuneration and social security | 454/9 | €503 | €503 | = | 0.0% |
| Other amounts payable | 47/48 | €4,641 | €4,539 | -€102 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,167 | €1,733 | -€434 | -20.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,288 | - | +€4,288 | |
| Other operating charges | 640/8 | €7,596 | €914 | -€6,682 | -88.0% |
| Gross operating margin | 9900 | €26,216 | -€11,701 | -€37,916 | |
| Operating profit (loss) | 9901 | €20,741 | -€14,348 | -€35,088 | |
| Financial income | 75/76B | €1,249 | €441 | -€808 | -64.7% |
| Recurring financial income | 75 | €1,249 | €441 | -€808 | -64.7% |
| Financial charges | 65/66B | €2,349 | €1,343 | -€1,005 | -42.8% |
| Recurring financial charges | 65 | €681 | €1,343 | +€662 | +97.3% |
| Non-recurring financial charges | 66B | €1,668 | - | -€1,668 | |
| Profit (loss) for the period before taxes | 9903 | €19,641 | -€15,250 | -€34,890 | |
| Income taxes | 67/77 | €5,705 | €277 | -€5,427 | -95.1% |
| Profit (loss) for the period | 9904 | €13,936 | -€15,527 | -€29,463 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,936 | -€15,527 | -€29,463 |
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 26 October 2026 via checked.be.