Miss VDB: 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.
Miss VDB
Largest movements
- Stocks and contracts +€110,898
up €110,898 (+131.9%), from €84,056 to €194,954
- Cash +€12,696
up €12,696 (+46.2%), from €27,503 to €40,199
mainly Short-term financial debts (+€47,208) and Trade debts (+€29,680)
- Deferred charges and accrued income +€6,373
up €6,373 (+386.1%), from €1,651 to €8,024
- Receivables within one year -€4,622
down €4,622 (-60.9%), from €7,590 to €2,968
of which Other amounts receivable: -€4,788
- Short-term financial debts +€47,208
up €47,208 (+1691.1%), from €2,792 to €50,000
- Trade debts +€29,680
up €29,680 (+678.8%), from €4,372 to €34,052
- Debts after one year +€27,611
up €27,611 (+115.9%), from €23,830 to €51,441
- Current portion of long-term debt +€9,946
up €9,946 (+116.5%), from €8,536 to €18,482
- Tax, wage and social debts +€6,883
up €6,883 (+72.2%), from €9,537 to €16,420
of which Taxes: +€6,532
- Staff costs +€45,267
up €45,267 (+46.8%), from €96,678 to €141,945
- Gross operating margin +€8,698
up €8,698 (+5.8%), from €151,178 to €159,877
- Taxes -€6,735
down €6,735 (-81.0%), from €8,317 to €1,582
- Depreciation -€5,437
down €5,437 (-32.1%), from €16,925 to €11,489
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 | €183,735 | €307,152 | +€123,417 | +67.2% |
| Fixed assets | 21/28 | €62,934 | €61,007 | -€1,928 | -3.1% |
| Tangible fixed assets | 22/27 | €62,934 | €61,007 | -€1,928 | -3.1% |
| Plant, machinery and equipment | 23 | €28,592 | €31,277 | +€2,686 | +9.4% |
| Furniture and vehicles | 24 | €34,343 | €28,503 | -€5,840 | -17.0% |
| Other tangible fixed assets | 26 | - | €1,227 | +€1,227 | |
| Current assets | 29/58 | €120,800 | €246,145 | +€125,345 | +103.8% |
| Stocks and contracts in progress | 3 | €84,056 | €194,954 | +€110,898 | +131.9% |
| Stocks | 30/36 | €84,056 | €194,954 | +€110,898 | +131.9% |
| Amounts receivable within one year | 40/41 | €7,590 | €2,968 | -€4,622 | -60.9% |
| Trade receivables | 40 | €2,802 | €2,968 | +€166 | +5.9% |
| Other amounts receivable | 41 | €4,788 | €0 | -€4,788 | -100.0% |
| Cash at bank and in hand | 54/58 | €27,503 | €40,199 | +€12,696 | +46.2% |
| Deferred charges and accrued income | 490/1 | €1,651 | €8,024 | +€6,373 | +386.1% |
| Total equity and liabilities | 10/49 | €183,735 | €307,152 | +€123,417 | +67.2% |
| Equity | 10/15 | €85,189 | €85,833 | +€644 | +0.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,689 | €24,333 | +€644 | +2.7% |
| Amounts payable | 17/49 | €98,546 | €221,318 | +€122,773 | +124.6% |
| Amounts payable after more than one year | 17 | €23,830 | €51,441 | +€27,611 | +115.9% |
| Financial debts | 170/4 | €23,830 | €51,441 | +€27,611 | +115.9% |
| Amounts payable within one year | 42/48 | €74,716 | €169,877 | +€95,162 | +127.4% |
| Current portion of amounts payable after more than one year | 42 | €8,536 | €18,482 | +€9,946 | +116.5% |
| Financial debts | 43 | €2,792 | €50,000 | +€47,208 | +1691.1% |
| Credit institutions | 430/8 | €2,792 | €50,000 | +€47,208 | +1691.1% |
| Trade debts | 44 | €4,372 | €34,052 | +€29,680 | +678.8% |
| Suppliers | 440/4 | €4,372 | €34,052 | +€29,680 | +678.8% |
| Taxes, remuneration and social security | 45 | €9,537 | €16,420 | +€6,883 | +72.2% |
| Taxes | 450/3 | €8,317 | €14,850 | +€6,532 | +78.5% |
| Remuneration and social security | 454/9 | €1,220 | €1,570 | +€350 | +28.7% |
| Other amounts payable | 47/48 | €49,478 | €50,923 | +€1,445 | +2.9% |
| Remuneration, social security and pensions | 62 | €96,678 | €141,945 | +€45,267 | +46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,925 | €11,489 | -€5,437 | -32.1% |
| Other operating charges | 640/8 | €1,801 | €1,123 | -€678 | -37.7% |
| Gross operating margin | 9900 | €151,178 | €159,877 | +€8,698 | +5.8% |
| Operating profit (loss) | 9901 | €35,774 | €5,320 | -€30,454 | -85.1% |
| Financial income | 75/76B | €107 | €391 | +€284 | +265.9% |
| Recurring financial income | 75 | €107 | €391 | +€284 | +265.9% |
| Financial charges | 65/66B | €3,874 | €3,484 | -€391 | -10.1% |
| Recurring financial charges | 65 | €3,874 | €3,484 | -€391 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €32,006 | €2,227 | -€29,779 | -93.0% |
| Income taxes | 67/77 | €8,317 | €1,582 | -€6,735 | -81.0% |
| Profit (loss) for the period | 9904 | €23,689 | €644 | -€23,045 | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,689 | €644 | -€23,045 | -97.3% |
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 9 October 2026 via checked.be.