VODI: 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.
VODI
Largest movements
- Tangible fixed assets +€1.1m
new in 2025: €1.1m
- Debts after one year +€734,766
new in 2025: €734,766
- Other debts +€168,335
up €168,335 (+3760.6%), from €4,476 to €172,812
- Contributions +€139,976
up €139,976 (+699.1%), from €20,024 to €160,000
- Current portion of long-term debt +€45,232
new in 2025: €45,232
- Reserves +€24,391
new in 2025: €24,391
- Gross operating margin +€38,517
up €38,517 (+138.7%), from €27,769 to €66,286
- Financial charges +€29,202
up €29,202 (+389359.5%), from €8 to €29,209
- Depreciation +€28,838
new in 2025: €28,838
- Taxes -€7,251
down €7,251 (-94.3%), from €7,688 to €437
- Other operating charges +€3,384
up €3,384 (+6768.1%), from €50 to €3,434
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 | €35,459 | €1,163,406 | +€1.1m | +3181.0% |
| Fixed assets | 21/28 | €63 | €1,120,275 | +€1.1m | +1791767.1% |
| Tangible fixed assets | 22/27 | - | €1,120,213 | +€1.1m | |
| Land and buildings | 22 | - | €1,120,213 | +€1.1m | |
| Financial fixed assets | 28 | €63 | €63 | = | 0.0% |
| Current assets | 29/58 | €35,396 | €43,131 | +€7,735 | +21.9% |
| Amounts receivable within one year | 40/41 | €26,000 | €36,348 | +€10,348 | +39.8% |
| Trade receivables | 40 | €26,000 | €36,000 | +€10,000 | +38.5% |
| Other amounts receivable | 41 | - | €348 | +€348 | |
| Cash at bank and in hand | 54/58 | €9,396 | €5,762 | -€3,634 | -38.7% |
| Deferred charges and accrued income | 490/1 | - | €1,021 | +€1,021 | |
| Total equity and liabilities | 10/49 | €35,459 | €1,163,406 | +€1.1m | +3181.0% |
| Equity | 10/15 | €20,024 | €184,391 | +€164,368 | +820.9% |
| Contributions | 10/11 | €20,024 | €160,000 | +€139,976 | +699.1% |
| Reserves | 13 | - | €24,391 | +€24,391 | |
| Distributable reserves | 133 | - | €24,391 | +€24,391 | |
| Amounts payable | 17/49 | €15,435 | €979,015 | +€963,580 | +6242.9% |
| Amounts payable after more than one year | 17 | - | €734,766 | +€734,766 | |
| Financial debts | 170/4 | - | €734,766 | +€734,766 | |
| Amounts payable within one year | 42/48 | €15,435 | €233,073 | +€217,639 | +1410.0% |
| Current portion of amounts payable after more than one year | 42 | - | €45,232 | +€45,232 | |
| Trade debts | 44 | €176 | €3,263 | +€3,087 | +1754.7% |
| Suppliers | 440/4 | €176 | €3,263 | +€3,087 | +1754.7% |
| Taxes, remuneration and social security | 45 | €10,783 | €11,767 | +€984 | +9.1% |
| Taxes | 450/3 | €9,552 | €10,561 | +€1,009 | +10.6% |
| Remuneration and social security | 454/9 | €1,230 | €1,205 | -€25 | -2.0% |
| Other amounts payable | 47/48 | €4,476 | €172,812 | +€168,335 | +3760.6% |
| Accrued charges and deferred income | 492/3 | - | €11,175 | +€11,175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €28,838 | +€28,838 | |
| Other operating charges | 640/8 | €50 | €3,434 | +€3,384 | +6768.1% |
| Gross operating margin | 9900 | €27,769 | €66,286 | +€38,517 | +138.7% |
| Operating profit (loss) | 9901 | €27,719 | €34,014 | +€6,295 | +22.7% |
| Financial charges | 65/66B | €8 | €29,209 | +€29,202 | +389359.5% |
| Recurring financial charges | 65 | €8 | €29,209 | +€29,202 | +389359.5% |
| Profit (loss) for the period before taxes | 9903 | €27,711 | €4,804 | -€22,907 | -82.7% |
| Income taxes | 67/77 | €7,688 | €437 | -€7,251 | -94.3% |
| Profit (loss) for the period | 9904 | €20,024 | €4,368 | -€15,656 | -78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,024 | €4,368 | -€15,656 | -78.2% |
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 10 October 2026 via checked.be.