STOPPAGE V.D.L.: what changed
STOPPAGE V.D.L.
Largest movements
- Tangible fixed assets -€36,693
down €36,693 (-17.6%), from €208,088 to €171,395
of which Furniture and vehicles: -€28,921
- Receivables within one year +€13,379
up €13,379 (+30.5%), from €43,925 to €57,304
of which Trade receivables: +€13,379
- Deferred charges and accrued income -€3,839
down €3,839 (-29.1%), from €13,206 to €9,367
- Debts after one year -€34,911
down €34,911 (-25.5%), from €137,152 to €102,241
- Trade debts +€7,788
up €7,788 (+99.6%), from €7,817 to €15,606
- Other debts +€6,096
up €6,096 (+60.9%), from €10,003 to €16,099
- Profit (loss) carried forward -€3,270
down €3,270 (-6.5%), from -€50,542 to -€53,811
- Tax, wage and social debts -€3,067
down €3,067 (-33.5%), from €9,159 to €6,092
of which Taxes: -€2,037
- Gross operating margin +€13,136
up €13,136 (+14.4%), from €91,143 to €104,279
- Staff costs +€5,027
up €5,027 (+16.1%), from €31,222 to €36,249
- Other operating charges -€2,241
down €2,241 (-47.2%), from €4,746 to €2,505
- Depreciation +€1,793
up €1,793 (+3.0%), from €59,187 to €60,980
- Taxes +€1,171
up €1,171, from -€1,171 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €265,239 | €239,745 | -€25,494 | -9.6% |
| Fixed assets | 21/28 | €208,088 | €171,395 | -€36,693 | -17.6% |
| Tangible fixed assets | 22/27 | €208,088 | €171,395 | -€36,693 | -17.6% |
| Plant, machinery and equipment | 23 | €38,400 | €30,627 | -€7,773 | -20.2% |
| Furniture and vehicles | 24 | €169,688 | €140,768 | -€28,921 | -17.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €57,150 | €68,350 | +€11,200 | +19.6% |
| Amounts receivable within one year | 40/41 | €43,925 | €57,304 | +€13,379 | +30.5% |
| Trade receivables | 40 | €36,425 | €49,804 | +€13,379 | +36.7% |
| Other amounts receivable | 41 | €7,500 | €7,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20 | €1,679 | +€1,659 | +8,414% |
| Deferred charges and accrued income | 490/1 | €13,206 | €9,367 | -€3,839 | -29.1% |
| Total equity and liabilities | 10/49 | €265,239 | €239,745 | -€25,494 | -9.6% |
| Equity | 10/15 | €43,795 | €40,525 | -€3,270 | -7.5% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €75,586 | €75,586 | = | 0.0% |
| Non-distributable reserves | 130/1 | €75,586 | €75,586 | = | 0.0% |
| Reserves not available under the articles | 1311 | €75,586 | €75,586 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,542 | -€53,811 | -€3,270 | -6.5% |
| Amounts payable | 17/49 | €221,444 | €199,219 | -€22,224 | -10.0% |
| Amounts payable after more than one year | 17 | €137,152 | €102,241 | -€34,911 | -25.5% |
| Financial debts | 170/4 | €137,152 | €102,241 | -€34,911 | -25.5% |
| Amounts payable within one year | 42/48 | €84,292 | €96,979 | +€12,687 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €57,312 | €59,182 | +€1,870 | +3.3% |
| Trade debts | 44 | €7,817 | €15,606 | +€7,788 | +99.6% |
| Suppliers | 440/4 | €7,817 | €15,606 | +€7,788 | +99.6% |
| Taxes, remuneration and social security | 45 | €9,159 | €6,092 | -€3,067 | -33.5% |
| Taxes | 450/3 | €7,071 | €5,034 | -€2,037 | -28.8% |
| Remuneration and social security | 454/9 | €2,089 | €1,058 | -€1,031 | -49.4% |
| Other amounts payable | 47/48 | €10,003 | €16,099 | +€6,096 | +60.9% |
| Remuneration, social security and pensions | 62 | €31,222 | €36,249 | +€5,027 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,187 | €60,980 | +€1,793 | +3.0% |
| Other operating charges | 640/8 | €4,746 | €2,505 | -€2,241 | -47.2% |
| Gross operating margin | 9900 | €91,143 | €104,279 | +€13,136 | +14.4% |
| Operating profit (loss) | 9901 | -€4,012 | €4,545 | +€8,557 | |
| Financial income | 75/76B | €0 | €46 | +€46 | +10,588% |
| Recurring financial income | 75 | €0 | €46 | +€46 | +10,588% |
| Financial charges | 65/66B | €8,116 | €7,861 | -€256 | -3.2% |
| Recurring financial charges | 65 | €8,116 | €7,861 | -€256 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | -€12,128 | -€3,270 | +€8,858 | +73.0% |
| Income taxes | 67/77 | -€1,171 | €0 | +€1,171 | |
| Profit (loss) for the period | 9904 | -€10,957 | -€3,270 | +€7,687 | +70.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,957 | -€3,270 | +€7,687 | +70.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.