Projects 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.
Projects VDB
Largest movements
- Receivables within one year +€310
up €310 (+21.1%), from €1,473 to €1,784
of which Trade receivables: +€1,586
- Cash -€234
down €234 (-91.0%), from €257 to €23
mainly Net result for the year (-€4,904) and Receivables within one year (-€310)
- Profit (loss) carried forward -€4,904
down €4,904 (-37.6%), from €13,056 to €8,152
- Other debts +€3,514
new in 2025: €3,514
- Trade debts +€1,466
new in 2025: €1,466
- Taxes +€3,575
new in 2025: €3,575
- Gross operating margin -€751
down €751, from €464 to -€287
- Other operating charges -€394
down €394 (-100.0%), from €394 to €0
- Financial charges +€24
up €24 (+19.8%), from €122 to €146
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 | €15,556 | €15,633 | +€77 | +0.5% |
| Current assets | 29/58 | €15,556 | €15,633 | +€77 | +0.5% |
| Stocks and contracts in progress | 3 | €13,826 | €13,826 | = | 0.0% |
| Stocks | 30/36 | €13,826 | €13,826 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,473 | €1,784 | +€310 | +21.1% |
| Trade receivables | 40 | - | €1,586 | +€1,586 | |
| Other amounts receivable | 41 | €1,473 | €197 | -€1,276 | -86.6% |
| Cash at bank and in hand | 54/58 | €257 | €23 | -€234 | -91.0% |
| Total equity and liabilities | 10/49 | €15,556 | €15,633 | +€77 | +0.5% |
| Equity | 10/15 | €15,556 | €10,652 | -€4,904 | -31.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,056 | €8,152 | -€4,904 | -37.6% |
| Amounts payable | 17/49 | - | €4,981 | +€4,981 | |
| Amounts payable within one year | 42/48 | - | €4,981 | +€4,981 | |
| Trade debts | 44 | - | €1,466 | +€1,466 | |
| Suppliers | 440/4 | - | €1,466 | +€1,466 | |
| Other amounts payable | 47/48 | - | €3,514 | +€3,514 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €394 | €0 | -€394 | -100.0% |
| Non-recurring operating charges | 66A | - | €896 | +€896 | |
| Gross operating margin | 9900 | €464 | -€287 | -€751 | |
| Operating profit (loss) | 9901 | €70 | -€1,183 | -€1,253 | |
| Financial charges | 65/66B | €122 | €146 | +€24 | +19.8% |
| Recurring financial charges | 65 | €122 | €146 | +€24 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | -€52 | -€1,329 | -€1,277 | -2443.2% |
| Income taxes | 67/77 | - | €3,575 | +€3,575 | |
| Profit (loss) for the period | 9904 | -€52 | -€4,904 | -€4,851 | -9283.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€52 | -€4,904 | -€4,851 | -9283.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.