VLADIMIR: 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.
VLADIMIR
Largest movements
- Stocks and contracts -€654
down €654 (-27.6%), from €2,370 to €1,715
- Receivables within one year -€365
down €365 (-37.7%), from €970 to €605
of which Other amounts receivable: -€269
- Other debts -€3,449
down €3,449 (-5.5%), from €62,745 to €59,296
- Profit (loss) carried forward +€2,961
up €2,961 (+4.6%), from -€64,341 to -€61,380
- Trade debts -€642
down €642 (-87.2%), from €737 to €95
- Tax, wage and social debts +€104
up €104 (+376.0%), from €28 to €132
- Gross operating margin -€1,717
down €1,717 (-34.0%), from €5,044 to €3,327
- Other operating charges +€121
up €121 (+61.6%), from €196 to €317
- Financial charges -€78
down €78 (-61.3%), from €128 to €49
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 | €5,369 | €4,343 | -€1,026 | -19.1% |
| Fixed assets | 21/28 | €100 | €100 | = | 0.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €5,269 | €4,243 | -€1,026 | -19.5% |
| Stocks and contracts in progress | 3 | €2,370 | €1,715 | -€654 | -27.6% |
| Stocks | 30/36 | €2,370 | €1,715 | -€654 | -27.6% |
| Amounts receivable within one year | 40/41 | €970 | €605 | -€365 | -37.7% |
| Trade receivables | 40 | €698 | €601 | -€96 | -13.8% |
| Other amounts receivable | 41 | €272 | €3 | -€269 | -98.9% |
| Cash at bank and in hand | 54/58 | €1,929 | €1,923 | -€6 | -0.3% |
| Total equity and liabilities | 10/49 | €5,369 | €4,343 | -€1,026 | -19.1% |
| Equity | 10/15 | -€58,141 | -€55,180 | +€2,961 | +5.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,341 | -€61,380 | +€2,961 | +4.6% |
| Amounts payable | 17/49 | €63,509 | €59,523 | -€3,987 | -6.3% |
| Amounts payable within one year | 42/48 | €63,509 | €59,523 | -€3,987 | -6.3% |
| Trade debts | 44 | €737 | €95 | -€642 | -87.2% |
| Suppliers | 440/4 | €737 | €95 | -€642 | -87.2% |
| Taxes, remuneration and social security | 45 | €28 | €132 | +€104 | +376.0% |
| Taxes | 450/3 | €28 | €132 | +€104 | +376.0% |
| Other amounts payable | 47/48 | €62,745 | €59,296 | -€3,449 | -5.5% |
| Other operating charges | 640/8 | €196 | €317 | +€121 | +61.6% |
| Gross operating margin | 9900 | €5,044 | €3,327 | -€1,717 | -34.0% |
| Operating profit (loss) | 9901 | €4,848 | €3,010 | -€1,838 | -37.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €128 | €49 | -€78 | -61.3% |
| Recurring financial charges | 65 | €128 | €49 | -€78 | -61.3% |
| Profit (loss) for the period before taxes | 9903 | €4,721 | €2,961 | -€1,760 | -37.3% |
| Profit (loss) for the period | 9904 | €4,721 | €2,961 | -€1,760 | -37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,721 | €2,961 | -€1,760 | -37.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.