VONDST: 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.
VONDST
Largest movements
- Cash +€159,871
up €159,871 (+96.5%), from €165,656 to €325,528
mainly Stocks and contracts (+€138,493) and Depreciation (+€14,114)
- Stocks and contracts -€138,493
down €138,493 (-82.2%), from €168,476 to €29,982
- Tangible fixed assets -€10,407
down €10,407 (-8.5%), from €122,930 to €112,523
of which Land and buildings: -€5,940
- Tax, wage and social debts +€11,615
up €11,615 (+103%), from €11,287 to €22,902
of which Taxes: +€13,232
- Trade debts -€9,525
down €9,525 (-47.5%), from €20,047 to €10,522
- Reserves +€7,252
up €7,252 (+3.6%), from €199,404 to €206,656
- Gross operating margin -€38,963
down €38,963 (-50.2%), from €77,568 to €38,605
- Write-downs -€8,135
down €8,135, from €2,725 to -€5,410
- Staff costs -€3,161
down €3,161 (-15.2%), from €20,867 to €17,705
- Taxes -€1,224
down €1,224 (-25.9%), from €4,727 to €3,502
- Other operating charges +€986
up €986 (+127%), from €778 to €1,763
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 | €494,088 | €499,643 | +€5,555 | +1.1% |
| Fixed assets | 21/28 | €137,706 | €125,089 | -€12,617 | -9.2% |
| Intangible fixed assets | 21 | €14,776 | €12,566 | -€2,210 | -15.0% |
| Tangible fixed assets | 22/27 | €122,930 | €112,523 | -€10,407 | -8.5% |
| Land and buildings | 22 | €113,399 | €107,459 | -€5,940 | -5.2% |
| Plant, machinery and equipment | 23 | €647 | €501 | -€146 | -22.5% |
| Furniture and vehicles | 24 | €8,884 | €4,562 | -€4,321 | -48.6% |
| Current assets | 29/58 | €356,382 | €374,554 | +€18,172 | +5.1% |
| Stocks and contracts in progress | 3 | €168,476 | €29,982 | -€138,493 | -82.2% |
| Stocks | 30/36 | €168,476 | €29,982 | -€138,493 | -82.2% |
| Amounts receivable within one year | 40/41 | €21,433 | €17,872 | -€3,561 | -16.6% |
| Trade receivables | 40 | €10,738 | €8,758 | -€1,980 | -18.4% |
| Other amounts receivable | 41 | €10,695 | €9,115 | -€1,580 | -14.8% |
| Cash at bank and in hand | 54/58 | €165,656 | €325,528 | +€159,871 | +96.5% |
| Deferred charges and accrued income | 490/1 | €817 | €1,172 | +€355 | +43.4% |
| Total equity and liabilities | 10/49 | €494,088 | €499,643 | +€5,555 | +1.1% |
| Equity | 10/15 | €201,404 | €208,656 | +€7,252 | +3.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €199,404 | €206,656 | +€7,252 | +3.6% |
| Distributable reserves | 133 | €199,404 | €206,656 | +€7,252 | +3.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €292,684 | €290,987 | -€1,697 | -0.6% |
| Amounts payable after more than one year | 17 | €190,364 | €190,364 | = | 0.0% |
| Other amounts payable | 178/9 | €190,364 | €190,364 | = | 0.0% |
| Amounts payable within one year | 42/48 | €101,538 | €100,623 | -€914 | -0.9% |
| Financial debts | 43 | €355 | €174 | -€181 | -51.1% |
| Credit institutions | 430/8 | €355 | €174 | -€181 | -51.1% |
| Trade debts | 44 | €20,047 | €10,522 | -€9,525 | -47.5% |
| Suppliers | 440/4 | €20,047 | €10,522 | -€9,525 | -47.5% |
| Taxes, remuneration and social security | 45 | €11,287 | €22,902 | +€11,615 | +103% |
| Taxes | 450/3 | €9,670 | €22,902 | +€13,232 | +137% |
| Remuneration and social security | 454/9 | €1,617 | €0 | -€1,617 | -100% |
| Other amounts payable | 47/48 | €69,848 | €67,025 | -€2,823 | -4.0% |
| Accrued charges and deferred income | 492/3 | €783 | €0 | -€783 | -100% |
| Remuneration, social security and pensions | 62 | €20,867 | €17,705 | -€3,161 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,508 | €14,114 | -€395 | -2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,725 | -€5,410 | -€8,135 | |
| Other operating charges | 640/8 | €778 | €1,763 | +€986 | +127% |
| Non-recurring operating charges | 66A | - | €1,009 | +€1,009 | |
| Gross operating margin | 9900 | €77,568 | €38,605 | -€38,963 | -50.2% |
| Operating profit (loss) | 9901 | €38,690 | €9,423 | -€29,266 | -75.6% |
| Financial income | 75/76B | €3,082 | €2,324 | -€758 | -24.6% |
| Recurring financial income | 75 | €3,082 | €2,324 | -€758 | -24.6% |
| Financial charges | 65/66B | €1,676 | €993 | -€683 | -40.8% |
| Recurring financial charges | 65 | €1,676 | €993 | -€683 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €40,096 | €10,755 | -€29,341 | -73.2% |
| Income taxes | 67/77 | €4,727 | €3,502 | -€1,224 | -25.9% |
| Profit (loss) for the period | 9904 | €35,369 | €7,252 | -€28,117 | -79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,369 | €7,252 | -€28,117 | -79.5% |
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 21 October 2026 via checked.be.