VONDI: 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.
VONDI
Largest movements
- Cash +€48,088
up €48,088 (+76.3%), from €63,031 to €111,119
mainly Other debts (+€118,766) and Net result for the year (+€59,323)
- Tangible fixed assets -€30,036
down €30,036 (-13.8%), from €217,047 to €187,011
- Stocks and contracts +€18,069
up €18,069 (+49.9%), from €36,237 to €54,306
- Receivables within one year +€14,519
up €14,519 (+14.5%), from €99,818 to €114,337
of which Trade receivables: +€17,050
- Other debts +€118,766
up €118,766 (+1818.6%), from €6,530 to €125,296
- Reserves -€51,881
down €51,881 (-22.5%), from €230,232 to €178,352
of which Distributable reserves: -€51,881
- Debts after one year -€22,112
down €22,112 (-34.3%), from €64,485 to €42,373
- Tax, wage and social debts +€18,380
up €18,380 (+2513.8%), from €731 to €19,111
- Trade debts -€7,831
down €7,831 (-38.1%), from €20,545 to €12,714
- Gross operating margin +€72,153
up €72,153 (+150.0%), from €48,104 to €120,257
- Taxes +€23,741
up €23,741 (+443.3%), from €5,356 to €29,097
- Financial income -€2,215
down €2,215 (-36.5%), from €6,062 to €3,847
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 | €470,214 | €523,288 | +€53,074 | +11.3% |
| Fixed assets | 21/28 | €217,047 | €187,011 | -€30,036 | -13.8% |
| Tangible fixed assets | 22/27 | €217,047 | €187,011 | -€30,036 | -13.8% |
| Land and buildings | 22 | €138,934 | €128,606 | -€10,328 | -7.4% |
| Plant, machinery and equipment | 23 | €52,649 | €44,923 | -€7,726 | -14.7% |
| Furniture and vehicles | 24 | €25,464 | €13,481 | -€11,983 | -47.1% |
| Current assets | 29/58 | €253,167 | €336,278 | +€83,111 | +32.8% |
| Stocks and contracts in progress | 3 | €36,237 | €54,306 | +€18,069 | +49.9% |
| Stocks | 30/36 | €36,237 | €54,306 | +€18,069 | +49.9% |
| Amounts receivable within one year | 40/41 | €99,818 | €114,337 | +€14,519 | +14.5% |
| Trade receivables | 40 | €89,510 | €106,560 | +€17,050 | +19.0% |
| Other amounts receivable | 41 | €10,308 | €7,776 | -€2,532 | -24.6% |
| Current investments | 50/53 | €49,798 | €52,109 | +€2,311 | +4.6% |
| Cash at bank and in hand | 54/58 | €63,031 | €111,119 | +€48,088 | +76.3% |
| Deferred charges and accrued income | 490/1 | €4,283 | €4,407 | +€124 | +2.9% |
| Total equity and liabilities | 10/49 | €470,214 | €523,288 | +€53,074 | +11.3% |
| Equity | 10/15 | €353,563 | €301,682 | -€51,881 | -14.7% |
| Contributions | 10/11 | €7,090 | €7,090 | = | 0.0% |
| Reserves | 13 | €230,232 | €178,352 | -€51,881 | -22.5% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €228,357 | €176,477 | -€51,881 | -22.7% |
| Profit (loss) carried forward | 14 | €116,241 | €116,241 | = | 0.0% |
| Amounts payable | 17/49 | €116,651 | €221,606 | +€104,955 | +90.0% |
| Amounts payable after more than one year | 17 | €64,485 | €42,373 | -€22,112 | -34.3% |
| Financial debts | 170/4 | €64,485 | €42,373 | -€22,112 | -34.3% |
| Amounts payable within one year | 42/48 | €49,788 | €179,234 | +€129,445 | +260.0% |
| Current portion of amounts payable after more than one year | 42 | €21,981 | €22,112 | +€131 | +0.6% |
| Trade debts | 44 | €20,545 | €12,714 | -€7,831 | -38.1% |
| Suppliers | 440/4 | €20,545 | €12,714 | -€7,831 | -38.1% |
| Taxes, remuneration and social security | 45 | €731 | €19,111 | +€18,380 | +2513.8% |
| Taxes | 450/3 | €731 | €19,111 | +€18,380 | +2513.8% |
| Other amounts payable | 47/48 | €6,530 | €125,296 | +€118,766 | +1818.6% |
| Accrued charges and deferred income | 492/3 | €2,378 | - | -€2,378 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,632 | €30,036 | -€596 | -1.9% |
| Other operating charges | 640/8 | €3,651 | €4,107 | +€456 | +12.5% |
| Gross operating margin | 9900 | €48,104 | €120,257 | +€72,153 | +150.0% |
| Operating profit (loss) | 9901 | €13,821 | €86,114 | +€72,293 | +523.1% |
| Financial income | 75/76B | €6,062 | €3,847 | -€2,215 | -36.5% |
| Recurring financial income | 75 | €6,062 | €3,847 | -€2,215 | -36.5% |
| Financial charges | 65/66B | €2,213 | €1,542 | -€671 | -30.3% |
| Recurring financial charges | 65 | €2,213 | €1,542 | -€671 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €17,670 | €88,420 | +€70,749 | +400.4% |
| Income taxes | 67/77 | €5,356 | €29,097 | +€23,741 | +443.3% |
| Profit (loss) for the period | 9904 | €12,314 | €59,323 | +€47,008 | +381.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,314 | €59,323 | +€47,008 | +381.7% |
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 9 October 2026 via checked.be.