VODELIS: 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.
VODELIS
Largest movements
- Tangible fixed assets -€37,387
down €37,387 (-3.8%), from €994,058 to €956,672
of which Land and buildings: -€35,328
- Debts after one year -€41,048
down €41,048 (-78.3%), from €52,426 to €11,378
of which Financial debts: -€37,648
- Other debts -€34,005
down €34,005 (-6.5%), from €523,389 to €489,384
- Profit (loss) carried forward +€25,479
up €25,479 (+9.6%), from -€265,256 to -€239,778
- Gross operating margin +€8,886
up €8,886 (+8.6%), from €103,374 to €112,259
- Other operating charges -€7,559
down €7,559 (-41.3%), from €18,284 to €10,725
- Depreciation -€2,630
down €2,630 (-3.5%), from €75,677 to €73,047
- Financial charges -€1,570
down €1,570 (-37.9%), from €4,148 to €2,577
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 | €1,011,880 | €969,999 | -€41,881 | -4.1% |
| Fixed assets | 21/28 | €994,058 | €956,672 | -€37,387 | -3.8% |
| Tangible fixed assets | 22/27 | €994,058 | €956,672 | -€37,387 | -3.8% |
| Land and buildings | 22 | €984,683 | €949,355 | -€35,328 | -3.6% |
| Plant, machinery and equipment | 23 | €3,532 | €2,983 | -€549 | -15.6% |
| Furniture and vehicles | 24 | €5,844 | €4,334 | -€1,510 | -25.8% |
| Current assets | 29/58 | €17,822 | €13,327 | -€4,495 | -25.2% |
| Amounts receivable within one year | 40/41 | €679 | €1,322 | +€643 | +94.6% |
| Trade receivables | 40 | €287 | €680 | +€393 | +137% |
| Other amounts receivable | 41 | €393 | €642 | +€250 | +63.6% |
| Cash at bank and in hand | 54/58 | €15,612 | €10,490 | -€5,122 | -32.8% |
| Deferred charges and accrued income | 490/1 | €1,530 | €1,515 | -€15 | -1.0% |
| Total equity and liabilities | 10/49 | €1,011,880 | €969,999 | -€41,881 | -4.1% |
| Equity | 10/15 | €394,744 | €420,222 | +€25,479 | +6.5% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €60,000 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€265,256 | -€239,778 | +€25,479 | +9.6% |
| Amounts payable | 17/49 | €617,136 | €549,776 | -€67,360 | -10.9% |
| Amounts payable after more than one year | 17 | €52,426 | €11,378 | -€41,048 | -78.3% |
| Financial debts | 170/4 | €49,026 | €11,378 | -€37,648 | -76.8% |
| Other amounts payable | 178/9 | €3,400 | - | -€3,400 | |
| Amounts payable within one year | 42/48 | €564,711 | €537,278 | -€27,432 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €40,451 | €41,898 | +€1,447 | +3.6% |
| Trade debts | 44 | €295 | €5,437 | +€5,142 | +1,746% |
| Suppliers | 440/4 | €295 | €5,437 | +€5,142 | +1,746% |
| Advances received on contracts in progress | 46 | €495 | €0 | -€495 | -100% |
| Taxes, remuneration and social security | 45 | €82 | €560 | +€478 | +586% |
| Taxes | 450/3 | €82 | €560 | +€478 | +586% |
| Other amounts payable | 47/48 | €523,389 | €489,384 | -€34,005 | -6.5% |
| Accrued charges and deferred income | 492/3 | - | €1,120 | +€1,120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,677 | €73,047 | -€2,630 | -3.5% |
| Other operating charges | 640/8 | €18,284 | €10,725 | -€7,559 | -41.3% |
| Non-recurring operating charges | 66A | €1,479 | - | -€1,479 | |
| Gross operating margin | 9900 | €103,374 | €112,259 | +€8,886 | +8.6% |
| Operating profit (loss) | 9901 | €7,933 | €28,487 | +€20,554 | +259% |
| Financial income | 75/76B | €17 | €2 | -€16 | -91.2% |
| Recurring financial income | 75 | €17 | €2 | -€16 | -91.2% |
| Financial charges | 65/66B | €4,148 | €2,577 | -€1,570 | -37.9% |
| Recurring financial charges | 65 | €4,148 | €2,577 | -€1,570 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €3,803 | €25,911 | +€22,109 | +581% |
| Income taxes | 67/77 | €308 | €433 | +€125 | +40.7% |
| Profit (loss) for the period | 9904 | €3,495 | €25,479 | +€21,984 | +629% |
| Profit (loss) for the period to be appropriated | 9905 | €3,495 | €25,479 | +€21,984 | +629% |
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 15 October 2026 via checked.be.