Preben VDM: 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.
Preben VDM
Largest movements
- Cash +€31,915
up €31,915 (+1,656%), from €1,928 to €33,843
mainly Accrued charges and deferred income (+€15,718) and Tax, wage and social debts (+€8,672)
- Receivables within one year -€5,815
down €5,815 (-20.9%), from €27,815 to €22,000
of which Other amounts receivable: -€5,362
- Tangible fixed assets -€3,950
down €3,950 (-10.4%), from €37,990 to €34,040
- Reserves +€20,299
up €20,299 (+69.8%), from €29,100 to €49,398
- Profit (loss) carried forward -€18,527
down €18,527 (-100%), from €18,527 to €0
- Accrued charges and deferred income +€15,718
new in 2025: €15,718
- Tax, wage and social debts +€8,672
up €8,672 (+7,521%), from €115 to €8,787
- Debts after one year -€4,802
down €4,802 (-26.5%), from €18,150 to €13,348
- Gross operating margin +€17,020
up €17,020, from -€1,851 to €15,169
- Depreciation +€3,260
up €3,260 (+69.0%), from €4,728 to €7,989
- Taxes +€2,480
up €2,480 (+2,151%), from €115 to €2,595
- Other operating charges -€497
down €497 (-22.9%), from €2,174 to €1,677
- Financial charges +€487
up €487 (+33.2%), from €1,466 to €1,952
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
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 | €83,403 | €105,389 | +€21,986 | +26.4% |
| Fixed assets | 21/28 | €37,990 | €34,040 | -€3,950 | -10.4% |
| Tangible fixed assets | 22/27 | €37,990 | €34,040 | -€3,950 | -10.4% |
| Land and buildings | 22 | €5,421 | €4,201 | -€1,220 | -22.5% |
| Furniture and vehicles | 24 | €25,339 | €23,485 | -€1,853 | -7.3% |
| Other tangible fixed assets | 26 | €7,230 | €6,353 | -€877 | -12.1% |
| Current assets | 29/58 | €45,413 | €71,349 | +€25,936 | +57.1% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,815 | €22,000 | -€5,815 | -20.9% |
| Trade receivables | 40 | €22,453 | €22,000 | -€453 | -2.0% |
| Other amounts receivable | 41 | €5,362 | €0 | -€5,362 | -100% |
| Current investments | 50/53 | €117 | €0 | -€117 | -100% |
| Cash at bank and in hand | 54/58 | €1,928 | €33,843 | +€31,915 | +1,656% |
| Deferred charges and accrued income | 490/1 | €554 | €506 | -€48 | -8.6% |
| Total equity and liabilities | 10/49 | €83,403 | €105,389 | +€21,986 | +26.4% |
| Equity | 10/15 | €51,127 | €52,898 | +€1,771 | +3.5% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €29,100 | €49,398 | +€20,299 | +69.8% |
| Distributable reserves | 133 | €29,100 | €49,398 | +€20,299 | +69.8% |
| Profit (loss) carried forward | 14 | €18,527 | €0 | -€18,527 | -100% |
| Amounts payable | 17/49 | €32,276 | €52,491 | +€20,215 | +62.6% |
| Amounts payable after more than one year | 17 | €18,150 | €13,348 | -€4,802 | -26.5% |
| Financial debts | 170/4 | €18,150 | €13,348 | -€4,802 | -26.5% |
| Amounts payable within one year | 42/48 | €14,126 | €23,425 | +€9,299 | +65.8% |
| Current portion of amounts payable after more than one year | 42 | €4,428 | €4,802 | +€374 | +8.5% |
| Financial debts | 43 | €1,111 | €1,246 | +€135 | +12.2% |
| Credit institutions | 430/8 | €1,111 | €1,246 | +€135 | +12.2% |
| Trade debts | 44 | €8,472 | €4,060 | -€4,412 | -52.1% |
| Suppliers | 440/4 | €8,472 | €4,060 | -€4,412 | -52.1% |
| Taxes, remuneration and social security | 45 | €115 | €8,787 | +€8,672 | +7,521% |
| Taxes | 450/3 | €115 | €8,787 | +€8,672 | +7,521% |
| Other amounts payable | 47/48 | - | €4,530 | +€4,530 | |
| Accrued charges and deferred income | 492/3 | - | €15,718 | +€15,718 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,728 | €7,989 | +€3,260 | +69.0% |
| Other operating charges | 640/8 | €2,174 | €1,677 | -€497 | -22.9% |
| Gross operating margin | 9900 | -€1,851 | €15,169 | +€17,020 | |
| Operating profit (loss) | 9901 | -€8,754 | €5,503 | +€14,257 | |
| Financial income | 75/76B | €579 | €816 | +€237 | +40.9% |
| Recurring financial income | 75 | €579 | €816 | +€237 | +40.9% |
| Financial charges | 65/66B | €1,466 | €1,952 | +€487 | +33.2% |
| Recurring financial charges | 65 | €1,466 | €1,952 | +€487 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,641 | €4,367 | +€14,007 | |
| Income taxes | 67/77 | €115 | €2,595 | +€2,480 | +2,151% |
| Profit (loss) for the period | 9904 | -€9,756 | €1,771 | +€11,527 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,756 | €1,771 | +€11,527 |
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 19 October 2026 via checked.be.