CHRISTOPHE VDK: 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.
CHRISTOPHE VDK
Largest movements
- Receivables within one year -€11,083
down €11,083 (-97.6%), from €11,359 to €276
of which Trade receivables: -€11,088
- Other debts -€21,420
down €21,420 (-29.5%), from €72,698 to €51,278
- Profit (loss) carried forward +€17,147
up €17,147 (+6.2%), from €277,791 to €294,938
- Trade debts -€5,607
down €5,607 (-40.2%), from €13,950 to €8,343
- Gross operating margin +€1,727
up €1,727 (+5.5%), from €31,598 to €33,325
- Financial charges +€1,286
up €1,286 (+19.5%), from €6,597 to €7,883
- Other operating charges +€1,054
up €1,054 (+55.2%), from €1,910 to €2,964
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €546,359 | €535,276 | -€11,083 | -2.0% |
| Fixed assets | 21/28 | €535,000 | €535,000 | = | 0.0% |
| Financial fixed assets | 28 | €535,000 | €535,000 | = | 0.0% |
| Current assets | 29/58 | €11,359 | €276 | -€11,083 | -97.6% |
| Amounts receivable within one year | 40/41 | €11,359 | €276 | -€11,083 | -97.6% |
| Trade receivables | 40 | €11,088 | - | -€11,088 | |
| Other amounts receivable | 41 | €271 | €276 | +€5 | +1.8% |
| Total equity and liabilities | 10/49 | €546,359 | €535,276 | -€11,083 | -2.0% |
| Equity | 10/15 | €434,591 | €451,738 | +€17,147 | +3.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €56,800 | €56,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €46,800 | €46,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €277,791 | €294,938 | +€17,147 | +6.2% |
| Amounts payable | 17/49 | €111,768 | €83,538 | -€28,230 | -25.3% |
| Amounts payable within one year | 42/48 | €111,768 | €83,538 | -€28,230 | -25.3% |
| Financial debts | 43 | €298 | €2,205 | +€1,907 | +640% |
| Credit institutions | 430/8 | €298 | €2,205 | +€1,907 | +640% |
| Trade debts | 44 | €13,950 | €8,343 | -€5,607 | -40.2% |
| Suppliers | 440/4 | €13,950 | €8,343 | -€5,607 | -40.2% |
| Taxes, remuneration and social security | 45 | €24,822 | €21,712 | -€3,110 | -12.5% |
| Taxes | 450/3 | €24,822 | €21,712 | -€3,110 | -12.5% |
| Other amounts payable | 47/48 | €72,698 | €51,278 | -€21,420 | -29.5% |
| Other operating charges | 640/8 | €1,910 | €2,964 | +€1,054 | +55.2% |
| Non-recurring operating charges | 66A | €1,082 | - | -€1,082 | |
| Gross operating margin | 9900 | €31,598 | €33,325 | +€1,727 | +5.5% |
| Operating profit (loss) | 9901 | €28,606 | €30,361 | +€1,755 | +6.1% |
| Financial charges | 65/66B | €6,597 | €7,883 | +€1,286 | +19.5% |
| Recurring financial charges | 65 | €6,597 | €7,883 | +€1,286 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | €22,009 | €22,478 | +€469 | +2.1% |
| Income taxes | 67/77 | €5,217 | €5,331 | +€114 | +2.2% |
| Profit (loss) for the period | 9904 | €16,792 | €17,147 | +€355 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,792 | €17,147 | +€355 | +2.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.