VLAD DECO: 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.
VLAD DECO
Largest movements
- Stocks and contracts +€105,000
new in 2025: €105,000
- Cash -€39,524
down €39,524 (-87.2%), from €45,349 to €5,825
mainly Stocks and contracts (-€105,000) and Receivables within one year (-€317)
- Trade debts +€59,136
up €59,136 (+1,320%), from €4,481 to €63,617
- Tax, wage and social debts +€5,642
up €5,642 (+60.9%), from €9,270 to €14,912
of which Taxes: +€4,749
- Gross operating margin -€8,368
down €8,368 (-20.9%), from €39,996 to €31,628
- Staff costs +€4,865
up €4,865 (+20.3%), from €23,987 to €28,852
- Taxes -€2,469
down €2,469 (-85.3%), from €2,893 to €424
- Other operating charges -€536
down €536 (-40.0%), from €1,340 to €804
- Financial charges -€455
down €455 (-46.0%), from €989 to €534
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 | €46,911 | €112,368 | +€65,457 | +140% |
| Fixed assets | 21/28 | €757 | €422 | -€335 | -44.3% |
| Intangible fixed assets | 21 | €757 | €422 | -€335 | -44.3% |
| Current assets | 29/58 | €46,153 | €111,946 | +€65,793 | +143% |
| Stocks and contracts in progress | 3 | - | €105,000 | +€105,000 | |
| Stocks | 30/36 | - | €105,000 | +€105,000 | |
| Amounts receivable within one year | 40/41 | €804 | €1,121 | +€317 | +39.4% |
| Trade receivables | 40 | €804 | €1,093 | +€289 | +35.9% |
| Other amounts receivable | 41 | - | €28 | +€28 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €45,349 | €5,825 | -€39,524 | -87.2% |
| Total equity and liabilities | 10/49 | €46,911 | €112,368 | +€65,457 | +140% |
| Equity | 10/15 | €10,537 | €11,216 | +€679 | +6.4% |
| Profit (loss) carried forward | 14 | €10,537 | €11,216 | +€679 | +6.4% |
| Amounts payable | 17/49 | €36,374 | €101,152 | +€64,778 | +178% |
| Amounts payable within one year | 42/48 | €36,374 | €101,152 | +€64,778 | +178% |
| Trade debts | 44 | €4,481 | €63,617 | +€59,136 | +1,320% |
| Suppliers | 440/4 | €4,481 | €63,617 | +€59,136 | +1,320% |
| Taxes, remuneration and social security | 45 | €9,270 | €14,912 | +€5,642 | +60.9% |
| Taxes | 450/3 | €5,451 | €10,200 | +€4,749 | +87.1% |
| Remuneration and social security | 454/9 | €3,819 | €4,712 | +€893 | +23.4% |
| Other amounts payable | 47/48 | €22,623 | €22,623 | +€0 | 0.0% |
| Remuneration, social security and pensions | 62 | €23,987 | €28,852 | +€4,865 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €335 | +€35 | +11.7% |
| Other operating charges | 640/8 | €1,340 | €804 | -€536 | -40.0% |
| Gross operating margin | 9900 | €39,996 | €31,628 | -€8,368 | -20.9% |
| Operating profit (loss) | 9901 | €14,370 | €1,637 | -€12,733 | -88.6% |
| Financial income | 75/76B | €49 | - | -€49 | |
| Recurring financial income | 75 | €49 | - | -€49 | |
| Financial charges | 65/66B | €989 | €534 | -€455 | -46.0% |
| Recurring financial charges | 65 | €989 | €534 | -€455 | -46.0% |
| Profit (loss) for the period before taxes | 9903 | €13,430 | €1,103 | -€12,327 | -91.8% |
| Income taxes | 67/77 | €2,893 | €424 | -€2,469 | -85.3% |
| Profit (loss) for the period | 9904 | €10,537 | €679 | -€9,858 | -93.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,537 | €679 | -€9,858 | -93.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.