V.D.B.O.: 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.
V.D.B.O.
Largest movements
- Cash +€72,293
up €72,293 (+122%), from €59,135 to €131,428
mainly Net result for the year (+€55,141) and Receivables within one year (+€21,306)
- Receivables within one year -€21,306
down €21,306 (-61.3%), from €34,737 to €13,431
of which Trade receivables: -€17,756
- Tangible fixed assets -€18,796
down €18,796 (-34.4%), from €54,710 to €35,914
of which Plant, machinery and equipment: -€15,714
- Reserves +€38,334
up €38,334 (+44.0%), from €87,026 to €125,360
of which Distributable reserves: +€38,334
- Tax, wage and social debts +€14,034
up €14,034 (+2,515%), from €558 to €14,592
- Debts after one year -€12,857
down €12,857 (-63.2%), from €20,357 to €7,500
- Trade debts -€6,316
down €6,316 (-48.3%), from €13,086 to €6,770
- Current portion of long-term debt -€5,000
down €5,000 (-28.0%), from €17,857 to €12,857
- Gross operating margin +€50,374
up €50,374 (+91.7%), from €54,918 to €105,292
- Turnover +€45,966
up €45,966 (+36.2%), from €126,952 to €172,919
- Taxes +€19,678
up €19,678 (+312%), from €6,309 to €25,987
- Depreciation -€5,339
down €5,339 (-22.1%), from €24,134 to €18,796
- Purchases and services -€4,503
down €4,503 (-6.2%), from €72,129 to €67,627
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 | €152,908 | €185,327 | +€32,419 | +21.2% |
| Fixed assets | 21/28 | €54,710 | €35,914 | -€18,796 | -34.4% |
| Tangible fixed assets | 22/27 | €54,710 | €35,914 | -€18,796 | -34.4% |
| Land and buildings | 22 | €14,091 | €11,009 | -€3,081 | -21.9% |
| Plant, machinery and equipment | 23 | €40,619 | €24,905 | -€15,714 | -38.7% |
| Current assets | 29/58 | €98,198 | €149,413 | +€51,215 | +52.2% |
| Amounts receivable within one year | 40/41 | €34,737 | €13,431 | -€21,306 | -61.3% |
| Trade receivables | 40 | €31,187 | €13,431 | -€17,756 | -56.9% |
| Other amounts receivable | 41 | €3,550 | - | -€3,550 | |
| Cash at bank and in hand | 54/58 | €59,135 | €131,428 | +€72,293 | +122% |
| Deferred charges and accrued income | 490/1 | €4,326 | €4,554 | +€228 | +5.3% |
| Total equity and liabilities | 10/49 | €152,908 | €185,327 | +€32,419 | +21.2% |
| Equity | 10/15 | €90,317 | €131,792 | +€41,475 | +45.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €87,026 | €125,360 | +€38,334 | +44.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €85,166 | €123,500 | +€38,334 | +45.0% |
| Profit (loss) carried forward | 14 | -€2,909 | €231 | +€3,141 | |
| Amounts payable | 17/49 | €62,591 | €53,535 | -€9,056 | -14.5% |
| Amounts payable after more than one year | 17 | €20,357 | €7,500 | -€12,857 | -63.2% |
| Financial debts | 170/4 | €20,357 | €7,500 | -€12,857 | -63.2% |
| Amounts payable within one year | 42/48 | €42,234 | €46,035 | +€3,801 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €17,857 | €12,857 | -€5,000 | -28.0% |
| Trade debts | 44 | €13,086 | €6,770 | -€6,316 | -48.3% |
| Suppliers | 440/4 | €13,086 | €6,770 | -€6,316 | -48.3% |
| Taxes, remuneration and social security | 45 | €558 | €14,592 | +€14,034 | +2,515% |
| Taxes | 450/3 | €558 | €14,592 | +€14,034 | +2,515% |
| Other amounts payable | 47/48 | €10,733 | €11,816 | +€1,084 | +10.1% |
| Turnover | 70 | €126,952 | €172,919 | +€45,966 | +36.2% |
| Non-recurring operating income | 76A | €95 | - | -€95 | |
| Goods, raw materials, services and sundry goods | 60/61 | €72,129 | €67,627 | -€4,503 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,134 | €18,796 | -€5,339 | -22.1% |
| Other operating charges | 640/8 | €4,394 | €4,951 | +€556 | +12.7% |
| Gross operating margin | 9900 | €54,918 | €105,292 | +€50,374 | +91.7% |
| Operating profit (loss) | 9901 | €26,389 | €81,546 | +€55,157 | +209% |
| Financial income | 75/76B | €150 | €150 | = | 0.0% |
| Recurring financial income | 75 | €150 | €150 | = | 0.0% |
| Non-recurring financial income | 76B | €150 | €150 | = | 0.0% |
| Financial charges | 65/66B | €694 | €567 | -€126 | -18.2% |
| Recurring financial charges | 65 | €694 | €567 | -€126 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €25,846 | €81,128 | +€55,283 | +214% |
| Income taxes | 67/77 | €6,309 | €25,987 | +€19,678 | +312% |
| Profit (loss) for the period | 9904 | €19,536 | €55,141 | +€35,605 | +182% |
| Profit (loss) for the period to be appropriated | 9905 | €19,536 | €55,141 | +€35,605 | +182% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.