ir.vdb: 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.
ir.vdb
Largest movements
- Cash +€20,961
up €20,961 (+165.8%), from €12,646 to €33,606
mainly Net result for the year (+€17,940) and Depreciation (+€6,049)
- Tangible fixed assets -€6,049
down €6,049 (-53.1%), from €11,383 to €5,334
- Profit (loss) carried forward +€17,940
up €17,940 (+323.0%), from €5,554 to €23,494
- Other debts -€9,319
down €9,319 (-65.9%), from €14,140 to €4,821
- Tax, wage and social debts +€5,169
up €5,169 (+45.9%), from €11,274 to €16,443
- Trade debts +€1,040
up €1,040 (+91.8%), from €1,132 to €2,172
- Short-term financial debts -€671
down €671 (-72.7%), from €923 to €252
- Gross operating margin +€21,662
up €21,662 (+248.9%), from €8,703 to €30,365
- Depreciation +€4,431
up €4,431 (+273.8%), from €1,618 to €6,049
- Taxes +€3,852
up €3,852 (+251.7%), from €1,531 to €5,383
- Financial charges +€605
new in 2025: €605
- Other operating charges +€387
new in 2025: €387
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 | €37,022 | €51,772 | +€14,750 | +39.8% |
| Fixed assets | 21/28 | €11,383 | €5,334 | -€6,049 | -53.1% |
| Tangible fixed assets | 22/27 | €11,383 | €5,334 | -€6,049 | -53.1% |
| Furniture and vehicles | 24 | €11,383 | €5,334 | -€6,049 | -53.1% |
| Current assets | 29/58 | €25,639 | €46,438 | +€20,799 | +81.1% |
| Amounts receivable within one year | 40/41 | €12,100 | €12,100 | = | 0.0% |
| Trade receivables | 40 | €12,100 | €12,100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,646 | €33,606 | +€20,961 | +165.8% |
| Deferred charges and accrued income | 490/1 | €893 | €732 | -€162 | -18.1% |
| Total equity and liabilities | 10/49 | €37,022 | €51,772 | +€14,750 | +39.8% |
| Equity | 10/15 | €9,554 | €27,494 | +€17,940 | +187.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,554 | €23,494 | +€17,940 | +323.0% |
| Amounts payable | 17/49 | €27,468 | €24,278 | -€3,190 | -11.6% |
| Amounts payable within one year | 42/48 | €27,468 | €23,688 | -€3,781 | -13.8% |
| Financial debts | 43 | €923 | €252 | -€671 | -72.7% |
| Other loans | 439 | €923 | €252 | -€671 | -72.7% |
| Trade debts | 44 | €1,132 | €2,172 | +€1,040 | +91.8% |
| Suppliers | 440/4 | €1,132 | €2,172 | +€1,040 | +91.8% |
| Taxes, remuneration and social security | 45 | €11,274 | €16,443 | +€5,169 | +45.9% |
| Taxes | 450/3 | €11,274 | €16,443 | +€5,169 | +45.9% |
| Other amounts payable | 47/48 | €14,140 | €4,821 | -€9,319 | -65.9% |
| Accrued charges and deferred income | 492/3 | - | €590 | +€590 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,618 | €6,049 | +€4,431 | +273.8% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €8,703 | €30,365 | +€21,662 | +248.9% |
| Operating profit (loss) | 9901 | €7,085 | €23,929 | +€16,844 | +237.8% |
| Financial charges | 65/66B | - | €605 | +€605 | |
| Recurring financial charges | 65 | - | €605 | +€605 | |
| Profit (loss) for the period before taxes | 9903 | €7,085 | €23,323 | +€16,239 | +229.2% |
| Income taxes | 67/77 | €1,531 | €5,383 | +€3,852 | +251.7% |
| Profit (loss) for the period | 9904 | €5,554 | €17,940 | +€12,386 | +223.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,554 | €17,940 | +€12,386 | +223.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.