VODIMA: what changed
VODIMA
Largest movements
- Tangible fixed assets +€860,249
up €860,249 (+53.7%), from €1.6m to €2.5m
of which Land and buildings: +€861,452
- Receivables within one year -€68,443
down €68,443 (-50.8%), from €134,795 to €66,352
of which Other amounts receivable: -€59,252
- Cash -€68,061
down €68,061 (-29.8%), from €228,343 to €160,282
mainly Investment in fixed assets (net) (-€926,068) and Tax, wage and social debts (-€3,854)
- Debts after one year +€640,000
up €640,000 (+93.4%), from €685,000 to €1.3m
- Reserves +€73,500
up €73,500 (+8.3%), from €882,500 to €956,000
of which Distributable reserves: +€73,500
- Depreciation +€42,070
up €42,070 (+179%), from €23,489 to €65,559
- Staff costs -€20,926
down €20,926 (-34.5%), from €60,736 to €39,810
- Financial charges +€20,170
up €20,170 (+219%), from €9,228 to €29,398
- Gross operating margin -€13,583
down €13,583 (-5.9%), from €228,431 to €214,847
- Taxes -€11,551
down €11,551 (-49.0%), from €23,556 to €12,005
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,968,795 | €2,693,344 | +€724,549 | +36.8% |
| Fixed assets | 21/28 | €1,604,995 | €2,465,503 | +€860,509 | +53.6% |
| Tangible fixed assets | 22/27 | €1,601,735 | €2,461,983 | +€860,249 | +53.7% |
| Land and buildings | 22 | €1,169,546 | €2,030,998 | +€861,452 | +73.7% |
| Furniture and vehicles | 24 | €5,120 | €3,917 | -€1,203 | -23.5% |
| Other tangible fixed assets | 26 | €427,068 | €427,068 | = | 0.0% |
| Financial fixed assets | 28 | €3,260 | €3,520 | +€260 | +8.0% |
| Current assets | 29/58 | €363,801 | €227,841 | -€135,960 | -37.4% |
| Amounts receivable within one year | 40/41 | €134,795 | €66,352 | -€68,443 | -50.8% |
| Trade receivables | 40 | €10,501 | €1,311 | -€9,190 | -87.5% |
| Other amounts receivable | 41 | €124,294 | €65,042 | -€59,252 | -47.7% |
| Cash at bank and in hand | 54/58 | €228,343 | €160,282 | -€68,061 | -29.8% |
| Deferred charges and accrued income | 490/1 | €663 | €1,206 | +€544 | +82.0% |
| Total equity and liabilities | 10/49 | €1,968,795 | €2,693,344 | +€724,549 | +36.8% |
| Equity | 10/15 | €1,207,313 | €1,269,938 | +€62,625 | +5.2% |
| Contributions | 10/11 | €265,000 | €265,000 | = | 0.0% |
| Reserves | 13 | €882,500 | €956,000 | +€73,500 | +8.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €876,500 | €950,000 | +€73,500 | +8.4% |
| Profit (loss) carried forward | 14 | €59,813 | €48,938 | -€10,875 | -18.2% |
| Amounts payable | 17/49 | €761,483 | €1,423,406 | +€661,923 | +86.9% |
| Amounts payable after more than one year | 17 | €685,000 | €1,325,000 | +€640,000 | +93.4% |
| Other amounts payable | 178/9 | €685,000 | €1,325,000 | +€640,000 | +93.4% |
| Amounts payable within one year | 42/48 | €69,390 | €81,618 | +€12,229 | +17.6% |
| Trade debts | 44 | €6,734 | €7,262 | +€527 | +7.8% |
| Suppliers | 440/4 | €6,734 | €7,262 | +€527 | +7.8% |
| Taxes, remuneration and social security | 45 | €11,638 | €7,783 | -€3,854 | -33.1% |
| Taxes | 450/3 | €3,643 | €2,564 | -€1,079 | -29.6% |
| Remuneration and social security | 454/9 | €7,995 | €5,219 | -€2,775 | -34.7% |
| Other amounts payable | 47/48 | €51,017 | €66,573 | +€15,556 | +30.5% |
| Accrued charges and deferred income | 492/3 | €7,093 | €16,788 | +€9,695 | +137% |
| Remuneration, social security and pensions | 62 | €60,736 | €39,810 | -€20,926 | -34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,489 | €65,559 | +€42,070 | +179% |
| Other operating charges | 640/8 | €5,451 | €5,561 | +€109 | +2.0% |
| Gross operating margin | 9900 | €228,431 | €214,847 | -€13,583 | -5.9% |
| Operating profit (loss) | 9901 | €138,754 | €103,918 | -€34,836 | -25.1% |
| Financial income | 75/76B | €200 | €111 | -€89 | -44.6% |
| Recurring financial income | 75 | €200 | €111 | -€89 | -44.6% |
| Financial charges | 65/66B | €9,228 | €29,398 | +€20,170 | +219% |
| Recurring financial charges | 65 | €9,228 | €29,398 | +€20,170 | +219% |
| Profit (loss) for the period before taxes | 9903 | €129,726 | €74,630 | -€55,096 | -42.5% |
| Income taxes | 67/77 | €23,556 | €12,005 | -€11,551 | -49.0% |
| Profit (loss) for the period | 9904 | €106,170 | €62,625 | -€43,545 | -41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €106,170 | €62,625 | -€43,545 | -41.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.