CAP VDP: what changed
Two fiscal 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.
CAP VDP
Largest movements
- Cash -€5,544
down €5,544 (-55.9%), from €9,921 to €4,377
mainly Net result for the year (-€7,403) and Trade debts (-€554)
- Receivables within one year -€1,813
down €1,813 (-94.9%), from €1,911 to €98
- Tangible fixed assets -€651
down €651 (-100.0%), from €651 to €0
- Profit (loss) carried forward -€7,403
down €7,403 (-71.1%), from -€10,415 to -€17,818
- Trade debts -€554
down €554 (-50.2%), from €1,104 to €550
- Gross operating margin +€3,322
up €3,322 (+31.5%), from -€10,560 to -€7,238
- Depreciation -€802
no longer reported in 2025 (was €802)
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 | €12,483 | €4,475 | -€8,008 | -64.2% |
| Fixed assets | 21/28 | €651 | €0 | -€651 | -100.0% |
| Tangible fixed assets | 22/27 | €651 | €0 | -€651 | -100.0% |
| Furniture and vehicles | 24 | €651 | €0 | -€651 | -100.0% |
| Current assets | 29/58 | €11,833 | €4,475 | -€7,357 | -62.2% |
| Amounts receivable within one year | 40/41 | €1,911 | €98 | -€1,813 | -94.9% |
| Other amounts receivable | 41 | €1,911 | €98 | -€1,813 | -94.9% |
| Cash at bank and in hand | 54/58 | €9,921 | €4,377 | -€5,544 | -55.9% |
| Total equity and liabilities | 10/49 | €12,483 | €4,475 | -€8,008 | -64.2% |
| Equity | 10/15 | €10,713 | €3,310 | -€7,403 | -69.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,528 | €2,528 | = | 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 | €668 | €668 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,415 | -€17,818 | -€7,403 | -71.1% |
| Amounts payable | 17/49 | €1,770 | €1,165 | -€605 | -34.2% |
| Amounts payable within one year | 42/48 | €1,770 | €1,165 | -€605 | -34.2% |
| Trade debts | 44 | €1,104 | €550 | -€554 | -50.2% |
| Suppliers | 440/4 | €1,104 | €550 | -€554 | -50.2% |
| Other amounts payable | 47/48 | €667 | €615 | -€52 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €802 | - | -€802 | |
| Gross operating margin | 9900 | -€10,560 | -€7,238 | +€3,322 | +31.5% |
| Operating profit (loss) | 9901 | -€11,362 | -€7,238 | +€4,125 | +36.3% |
| Financial charges | 65/66B | €267 | €165 | -€102 | -38.2% |
| Recurring financial charges | 65 | €267 | €165 | -€102 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,630 | -€7,403 | +€4,227 | +36.3% |
| Profit (loss) for the period | 9904 | -€11,630 | -€7,403 | +€4,227 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,630 | -€7,403 | +€4,227 | +36.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.