VODACORP: 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.
VODACORP
Largest movements
- Cash -€4,208
down €4,208 (-57.5%), from €7,320 to €3,112
mainly Net result for the year (-€3,770) and Other debts (-€461)
- Receivables within one year -€338
down €338 (-17.2%), from €1,961 to €1,623
of which Trade receivables: -€1,060
- Profit (loss) carried forward -€3,770
down €3,770 (-33.0%), from -€11,436 to -€15,205
- Other debts -€461
down €461 (-25.9%), from €1,778 to €1,317
- Trade debts -€315
down €315 (-93.2%), from €338 to €23
- Purchases and services +€3,260
new in 2025: €3,260
- Gross operating margin -€1,913
down €1,913 (-142%), from -€1,346 to -€3,260
- Write-downs -€1,734
no longer reported in 2025 (was €1,734)
- Other operating charges +€450
new in 2025: €450
- Financial charges -€50
down €50 (-45.2%), from €110 to €60
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 | €9,281 | €4,735 | -€4,546 | -49.0% |
| Current assets | 29/58 | €9,281 | €4,735 | -€4,546 | -49.0% |
| Amounts receivable within one year | 40/41 | €1,961 | €1,623 | -€338 | -17.2% |
| Trade receivables | 40 | €1,659 | €599 | -€1,060 | -63.9% |
| Other amounts receivable | 41 | €302 | €1,024 | +€722 | +239% |
| Cash at bank and in hand | 54/58 | €7,320 | €3,112 | -€4,208 | -57.5% |
| Total equity and liabilities | 10/49 | €9,281 | €4,735 | -€4,546 | -49.0% |
| Equity | 10/15 | €7,164 | €3,395 | -€3,770 | -52.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Profit (loss) carried forward | 14 | -€11,436 | -€15,205 | -€3,770 | -33.0% |
| Amounts payable | 17/49 | €2,116 | €1,340 | -€776 | -36.7% |
| Amounts payable within one year | 42/48 | €2,116 | €1,340 | -€776 | -36.7% |
| Trade debts | 44 | €338 | €23 | -€315 | -93.2% |
| Suppliers | 440/4 | €338 | €23 | -€315 | -93.2% |
| Other amounts payable | 47/48 | €1,778 | €1,317 | -€461 | -25.9% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €3,260 | +€3,260 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,734 | - | -€1,734 | |
| Other operating charges | 640/8 | - | €450 | +€450 | |
| Gross operating margin | 9900 | -€1,346 | -€3,260 | -€1,913 | -142% |
| Operating profit (loss) | 9901 | -€3,080 | -€3,710 | -€629 | -20.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €110 | €60 | -€50 | -45.2% |
| Recurring financial charges | 65 | €110 | €60 | -€50 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,190 | -€3,770 | -€580 | -18.2% |
| Profit (loss) for the period | 9904 | -€3,190 | -€3,770 | -€580 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,190 | -€3,770 | -€580 | -18.2% |
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 16 October 2026 via checked.be.