Studio VDV: 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.
Studio VDV
Largest movements
- Cash -€35,172
down €35,172 (-76.4%), from €46,065 to €10,893
mainly Other debts (-€27,092) and Contributions, distributions and other (-€18,690)
- Deferred charges and accrued income +€13,756
up €13,756, from €0 to €13,756
- Receivables within one year -€8,209
down €8,209 (-84.0%), from €9,770 to €1,562
of which Trade receivables: -€9,601
- Tangible fixed assets -€1,107
down €1,107 (-25.9%), from €4,271 to €3,165
of which Furniture and vehicles: -€1,615
- Other debts -€27,092
down €27,092 (-53.1%), from €51,025 to €23,933
- Trade debts -€1,742
down €1,742 (-67.3%), from €2,587 to €845
- Tax, wage and social debts -€1,094
down €1,094 (-21.1%), from €5,192 to €4,098
- Accrued charges and deferred income -€804
down €804 (-100.0%), from €804 to €0
- Gross operating margin -€1,403
down €1,403 (-5.2%), from €27,232 to €25,829
- Financial charges -€800
down €800 (-94.8%), from €844 to €44
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 | €60,107 | €29,376 | -€30,731 | -51.1% |
| Fixed assets | 21/28 | €4,271 | €3,165 | -€1,107 | -25.9% |
| Tangible fixed assets | 22/27 | €4,271 | €3,165 | -€1,107 | -25.9% |
| Plant, machinery and equipment | 23 | - | €508 | +€508 | |
| Furniture and vehicles | 24 | €4,271 | €2,656 | -€1,615 | -37.8% |
| Current assets | 29/58 | €55,836 | €26,211 | -€29,624 | -53.1% |
| Amounts receivable within one year | 40/41 | €9,770 | €1,562 | -€8,209 | -84.0% |
| Trade receivables | 40 | €9,601 | €0 | -€9,601 | -100.0% |
| Other amounts receivable | 41 | €170 | €1,562 | +€1,392 | +820.9% |
| Cash at bank and in hand | 54/58 | €46,065 | €10,893 | -€35,172 | -76.4% |
| Deferred charges and accrued income | 490/1 | €0 | €13,756 | +€13,756 | |
| Total equity and liabilities | 10/49 | €60,107 | €29,376 | -€30,731 | -51.1% |
| Equity | 10/15 | €500 | €500 | = | 0.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €59,607 | €28,876 | -€30,731 | -51.6% |
| Amounts payable within one year | 42/48 | €58,803 | €28,876 | -€29,928 | -50.9% |
| Trade debts | 44 | €2,587 | €845 | -€1,742 | -67.3% |
| Suppliers | 440/4 | €2,587 | €845 | -€1,742 | -67.3% |
| Taxes, remuneration and social security | 45 | €5,192 | €4,098 | -€1,094 | -21.1% |
| Taxes | 450/3 | €5,192 | €4,098 | -€1,094 | -21.1% |
| Other amounts payable | 47/48 | €51,025 | €23,933 | -€27,092 | -53.1% |
| Accrued charges and deferred income | 492/3 | €804 | €0 | -€804 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,779 | €1,732 | -€47 | -2.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €27,232 | €25,829 | -€1,403 | -5.2% |
| Operating profit (loss) | 9901 | €25,065 | €23,697 | -€1,368 | -5.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €844 | €44 | -€800 | -94.8% |
| Recurring financial charges | 65 | €844 | €44 | -€800 | -94.8% |
| Profit (loss) for the period before taxes | 9903 | €24,223 | €23,654 | -€569 | -2.3% |
| Income taxes | 67/77 | €5,152 | €4,964 | -€188 | -3.6% |
| Profit (loss) for the period | 9904 | €19,071 | €18,690 | -€381 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,071 | €18,690 | -€381 | -2.0% |
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.