B.VDB CONCEPT: 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.
B.VDB CONCEPT
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€81,482
down €81,482 (-67.4%), from €120,958 to €39,475
mainly Current investments (-€100,000) and Net result for the year (-€36,805)
- Receivables within one year -€35,427
down €35,427 (-67.7%), from €52,326 to €16,899
of which Trade receivables: -€33,300
- Tangible fixed assets +€2,635
new in 2025: €2,635
- Profit (loss) carried forward -€36,805
down €36,805, from €6,488 to -€30,317
- Other debts +€22,229
up €22,229 (+17.4%), from €127,415 to €149,643
- Trade debts +€2,852
up €2,852 (+24.1%), from €11,823 to €14,675
- Gross operating margin -€38,581
down €38,581 (-63.2%), from €61,082 to €22,500
- Financial charges +€16,288
up €16,288 (+39.1%), from €41,687 to €57,975
- Taxes -€2,604
down €2,604 (-95.2%), from €2,736 to €132
- Depreciation -€2,171
down €2,171 (-85.6%), from €2,536 to €364
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 | €173,399 | €160,759 | -€12,640 | -7.3% |
| Fixed assets | 21/28 | €115 | €2,750 | +€2,635 | +2,292% |
| Tangible fixed assets | 22/27 | - | €2,635 | +€2,635 | |
| Furniture and vehicles | 24 | - | €2,635 | +€2,635 | |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €173,284 | €158,009 | -€15,275 | -8.8% |
| Amounts receivable within one year | 40/41 | €52,326 | €16,899 | -€35,427 | -67.7% |
| Trade receivables | 40 | €33,300 | - | -€33,300 | |
| Other amounts receivable | 41 | €19,026 | €16,899 | -€2,127 | -11.2% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €120,958 | €39,475 | -€81,482 | -67.4% |
| Deferred charges and accrued income | 490/1 | - | €1,634 | +€1,634 | |
| Total equity and liabilities | 10/49 | €173,399 | €160,759 | -€12,640 | -7.3% |
| Equity | 10/15 | €27,688 | -€9,117 | -€36,805 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,488 | -€30,317 | -€36,805 | |
| Amounts payable | 17/49 | €145,711 | €169,875 | +€24,164 | +16.6% |
| Amounts payable within one year | 42/48 | €144,591 | €168,755 | +€24,164 | +16.7% |
| Trade debts | 44 | €11,823 | €14,675 | +€2,852 | +24.1% |
| Suppliers | 440/4 | €11,823 | €14,675 | +€2,852 | +24.1% |
| Taxes, remuneration and social security | 45 | €5,353 | €4,436 | -€917 | -17.1% |
| Taxes | 450/3 | €5,353 | €4,436 | -€917 | -17.1% |
| Other amounts payable | 47/48 | €127,415 | €149,643 | +€22,229 | +17.4% |
| Accrued charges and deferred income | 492/3 | €1,120 | €1,120 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,536 | €364 | -€2,171 | -85.6% |
| Other operating charges | 640/8 | €465 | €472 | +€8 | +1.6% |
| Non-recurring operating charges | 66A | €116 | €375 | +€259 | +223% |
| Gross operating margin | 9900 | €61,082 | €22,500 | -€38,581 | -63.2% |
| Operating profit (loss) | 9901 | €57,965 | €21,289 | -€36,676 | -63.3% |
| Financial income | 75/76B | €25 | €13 | -€12 | -47.2% |
| Recurring financial income | 75 | €25 | €13 | -€12 | -47.2% |
| Financial charges | 65/66B | €41,687 | €57,975 | +€16,288 | +39.1% |
| Recurring financial charges | 65 | €41,687 | €57,975 | +€16,288 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | €16,303 | -€36,673 | -€52,976 | |
| Income taxes | 67/77 | €2,736 | €132 | -€2,604 | -95.2% |
| Profit (loss) for the period | 9904 | €13,567 | -€36,805 | -€50,372 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,567 | -€36,805 | -€50,372 |
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 14 October 2026 via checked.be.