F-VDD: 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.
F-VDD
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€841,034
down €841,034, from €834,270 to -€6,764
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 | €150,283,111 | €150,278,395 | -€4,716 | 0.0% |
| Fixed assets | 21/28 | €150,176,147 | €150,176,147 | = | 0.0% |
| Financial fixed assets | 28 | €150,176,147 | €150,176,147 | = | 0.0% |
| Current assets | 29/58 | €106,964 | €102,248 | -€4,716 | -4.4% |
| Amounts receivable within one year | 40/41 | €89,389 | €92,573 | +€3,183 | +3.6% |
| Other amounts receivable | 41 | €89,389 | €92,573 | +€3,183 | +3.6% |
| Cash at bank and in hand | 54/58 | €17,575 | €9,676 | -€7,899 | -44.9% |
| Total equity and liabilities | 10/49 | €150,283,111 | €150,278,395 | -€4,716 | 0.0% |
| Equity | 10/15 | €150,278,830 | €150,273,983 | -€4,847 | 0.0% |
| Contributions | 10/11 | €147,689,675 | €147,689,675 | = | 0.0% |
| Capital | 10 | €147,689,675 | €147,689,675 | = | 0.0% |
| Issued capital | 100 | €147,689,675 | €147,689,675 | = | 0.0% |
| Reserves | 13 | €2,587,000 | €2,587,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,587,000 | €2,587,000 | = | 0.0% |
| Legal reserve | 130 | €2,587,000 | €2,587,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,155 | -€2,692 | -€4,847 | |
| Amounts payable | 17/49 | €4,281 | €4,413 | +€132 | +3.1% |
| Amounts payable within one year | 42/48 | €4,281 | €4,413 | +€132 | +3.1% |
| Trade debts | 44 | €3,630 | €3,739 | +€109 | +3.0% |
| Suppliers | 440/4 | €3,630 | €3,739 | +€109 | +3.0% |
| Other amounts payable | 47/48 | €651 | €674 | +€23 | +3.5% |
| Non-recurring operating income | 76A | €850,000 | - | -€850,000 | |
| Other operating charges | 640/8 | €1,540 | €1,064 | -€476 | -30.9% |
| Gross operating margin | 9900 | €834,270 | -€6,764 | -€841,034 | |
| Operating profit (loss) | 9901 | €832,730 | -€7,828 | -€840,558 | |
| Financial income | 75/76B | €1,936 | €3,183 | +€1,248 | +64.4% |
| Recurring financial income | 75 | €1,936 | €3,183 | +€1,248 | +64.4% |
| Financial charges | 65/66B | €4,297 | €203 | -€4,094 | -95.3% |
| Recurring financial charges | 65 | €4,297 | €203 | -€4,094 | -95.3% |
| Profit (loss) for the period before taxes | 9903 | €830,369 | -€4,847 | -€835,217 | |
| Profit (loss) for the period | 9904 | €830,369 | -€4,847 | -€835,217 | |
| Profit (loss) for the period to be appropriated | 9905 | €830,369 | -€4,847 | -€835,217 |
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 12 October 2026 via checked.be.