VLADI: 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.
VLADI
Largest movements
- Receivables within one year +€8,336
up €8,336 (+62.0%), from €13,440 to €21,776
of which Other amounts receivable: +€4,491
- Cash -€7,041
down €7,041 (-96.7%), from €7,281 to €240
mainly Net result for the year (-€18,473) and Tax, wage and social debts (-€11,931)
- Tangible fixed assets -€465
down €465 (-26.3%), from €1,768 to €1,303
of which Furniture and vehicles: -€288
- Trade debts +€25,966
up €25,966 (+376.7%), from €6,894 to €32,860
- Profit (loss) carried forward -€18,473
down €18,473 (-50.7%), from -€36,453 to -€54,926
- Tax, wage and social debts -€11,931
down €11,931 (-80.8%), from €14,767 to €2,837
of which Taxes: -€14,767
- Other debts +€5,269
up €5,269 (+443.7%), from €1,187 to €6,456
- Gross operating margin -€30,797
down €30,797, from €13,229 to -€17,568
- Other operating charges -€799
down €799 (-66.0%), from €1,211 to €412
- Financial income +€410
up €410, from €0 to €410
- Depreciation -€328
down €328 (-41.4%), from €793 to €465
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 | €32,374 | €33,204 | +€830 | +2.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,768 | €1,303 | -€465 | -26.3% |
| Tangible fixed assets | 22/27 | €1,768 | €1,303 | -€465 | -26.3% |
| Plant, machinery and equipment | 23 | €1,480 | €1,303 | -€177 | -11.9% |
| Furniture and vehicles | 24 | €288 | €0 | -€288 | -100.0% |
| Current assets | 29/58 | €30,606 | €31,901 | +€1,295 | +4.2% |
| Stocks and contracts in progress | 3 | €9,885 | €9,885 | = | 0.0% |
| Stocks | 30/36 | €9,885 | €9,885 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,440 | €21,776 | +€8,336 | +62.0% |
| Trade receivables | 40 | €13,338 | €17,182 | +€3,845 | +28.8% |
| Other amounts receivable | 41 | €103 | €4,593 | +€4,491 | +4381.4% |
| Cash at bank and in hand | 54/58 | €7,281 | €240 | -€7,041 | -96.7% |
| Total equity and liabilities | 10/49 | €32,374 | €33,204 | +€830 | +2.6% |
| Equity | 10/15 | €9,525 | -€8,948 | -€18,473 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €33,578 | €33,578 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €31,718 | €31,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,453 | -€54,926 | -€18,473 | -50.7% |
| Amounts payable | 17/49 | €22,849 | €42,152 | +€19,304 | +84.5% |
| Amounts payable within one year | 42/48 | €22,849 | €42,152 | +€19,304 | +84.5% |
| Trade debts | 44 | €6,894 | €32,860 | +€25,966 | +376.7% |
| Suppliers | 440/4 | €6,894 | €32,860 | +€25,966 | +376.7% |
| Taxes, remuneration and social security | 45 | €14,767 | €2,837 | -€11,931 | -80.8% |
| Taxes | 450/3 | €14,767 | €0 | -€14,767 | -100.0% |
| Remuneration and social security | 454/9 | - | €2,837 | +€2,837 | |
| Other amounts payable | 47/48 | €1,187 | €6,456 | +€5,269 | +443.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €793 | €465 | -€328 | -41.4% |
| Other operating charges | 640/8 | €1,211 | €412 | -€799 | -66.0% |
| Gross operating margin | 9900 | €13,229 | -€17,568 | -€30,797 | |
| Operating profit (loss) | 9901 | €11,225 | -€18,444 | -€29,669 | |
| Financial income | 75/76B | €0 | €410 | +€410 | |
| Recurring financial income | 75 | €0 | €410 | +€410 | |
| Financial charges | 65/66B | €276 | €440 | +€163 | +59.0% |
| Recurring financial charges | 65 | €276 | €440 | +€163 | +59.0% |
| Profit (loss) for the period before taxes | 9903 | €10,948 | -€18,473 | -€29,422 | |
| Income taxes | 67/77 | €121 | - | -€121 | |
| Profit (loss) for the period | 9904 | €10,828 | -€18,473 | -€29,301 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,828 | -€18,473 | -€29,301 |
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 29 September 2026 via checked.be.