VZ.IADI: what changed
VZ.IADI
Largest movements
- Tangible fixed assets +€51,754
up €51,754 (+1,150%), from €4,499 to €56,253
of which Furniture and vehicles: +€52,142
- Cash -€8,276
down €8,276 (-88.9%), from €9,314 to €1,038
mainly Investment in fixed assets (net) (-€57,151) and Net result for the year (-€18,775)
- Deferred charges and accrued income -€6,568
down €6,568 (-77.6%), from €8,465 to €1,897
- Debts after one year +€41,309
new in 2025: €41,309
- Profit (loss) carried forward -€18,775
down €18,775 (-139%), from -€13,493 to -€32,268
- Current portion of long-term debt +€10,331
new in 2025: €10,331
- Other debts +€3,452
up €3,452 (+30.0%), from €11,514 to €14,966
- Trade debts -€1,580
down €1,580 (-48.4%), from €3,264 to €1,683
- Gross operating margin -€37,182
down €37,182, from €27,607 to -€9,575
- Depreciation +€3,934
up €3,934 (+269%), from €1,463 to €5,397
- Financial charges +€1,009
up €1,009 (+103%), from €981 to €1,989
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 | €22,278 | €59,188 | +€36,910 | +166% |
| Fixed assets | 21/28 | €4,499 | €56,253 | +€51,754 | +1,150% |
| Tangible fixed assets | 22/27 | €4,499 | €56,253 | +€51,754 | +1,150% |
| Furniture and vehicles | 24 | €721 | €52,862 | +€52,142 | +7,237% |
| Other tangible fixed assets | 26 | €3,779 | €3,391 | -€388 | -10.3% |
| Current assets | 29/58 | €17,779 | €2,934 | -€14,844 | -83.5% |
| Cash at bank and in hand | 54/58 | €9,314 | €1,038 | -€8,276 | -88.9% |
| Deferred charges and accrued income | 490/1 | €8,465 | €1,897 | -€6,568 | -77.6% |
| Total equity and liabilities | 10/49 | €22,278 | €59,188 | +€36,910 | +166% |
| Equity | 10/15 | €6,567 | -€12,208 | -€18,775 | |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €7,560 | €7,560 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,700 | €5,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,493 | -€32,268 | -€18,775 | -139% |
| Amounts payable | 17/49 | €15,711 | €71,395 | +€55,684 | +354% |
| Amounts payable after more than one year | 17 | - | €41,309 | +€41,309 | |
| Financial debts | 170/4 | - | €41,309 | +€41,309 | |
| Amounts payable within one year | 42/48 | €14,855 | €28,293 | +€13,438 | +90.5% |
| Current portion of amounts payable after more than one year | 42 | - | €10,331 | +€10,331 | |
| Trade debts | 44 | €3,264 | €1,683 | -€1,580 | -48.4% |
| Suppliers | 440/4 | €3,264 | €1,683 | -€1,580 | -48.4% |
| Taxes, remuneration and social security | 45 | €77 | €1,312 | +€1,235 | +1,612% |
| Taxes | 450/3 | €77 | €1,312 | +€1,235 | +1,612% |
| Other amounts payable | 47/48 | €11,514 | €14,966 | +€3,452 | +30.0% |
| Accrued charges and deferred income | 492/3 | €856 | €1,793 | +€937 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,463 | €5,397 | +€3,934 | +269% |
| Other operating charges | 640/8 | €1,736 | €1,739 | +€3 | +0.2% |
| Gross operating margin | 9900 | €27,607 | -€9,575 | -€37,182 | |
| Operating profit (loss) | 9901 | €24,407 | -€16,712 | -€41,119 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €981 | €1,989 | +€1,009 | +103% |
| Recurring financial charges | 65 | €981 | €1,989 | +€1,009 | +103% |
| Profit (loss) for the period before taxes | 9903 | €23,427 | -€18,699 | -€42,126 | |
| Income taxes | 67/77 | - | €76 | +€76 | |
| Profit (loss) for the period | 9904 | €23,427 | -€18,775 | -€42,202 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,427 | -€18,775 | -€42,202 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.