V & D Concepts: 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 Concepts
Largest movements
- Cash +€107,980
up €107,980 (+92.2%), from €117,142 to €225,122
mainly Other debts (+€159,035) and Net result for the year (+€98,518)
- Tangible fixed assets -€21,602
down €21,602 (-4.9%), from €440,377 to €418,775
- Other debts +€159,035
up €159,035 (+132%), from €120,062 to €279,097
- Reserves -€69,592
down €69,592 (-13.9%), from €499,460 to €429,868
- Gross operating margin -€14,781
down €14,781 (-8.3%), from €177,203 to €162,422
- Taxes -€4,593
down €4,593 (-10.5%), from €43,909 to €39,316
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 | €658,822 | €745,471 | +€86,649 | +13.2% |
| Fixed assets | 21/28 | €441,680 | €420,078 | -€21,602 | -4.9% |
| Tangible fixed assets | 22/27 | €440,377 | €418,775 | -€21,602 | -4.9% |
| Land and buildings | 22 | €440,377 | €418,775 | -€21,602 | -4.9% |
| Financial fixed assets | 28 | €1,303 | €1,303 | = | 0.0% |
| Current assets | 29/58 | €217,142 | €325,393 | +€108,251 | +49.9% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €117,142 | €225,122 | +€107,980 | +92.2% |
| Deferred charges and accrued income | 490/1 | - | €271 | +€271 | |
| Total equity and liabilities | 10/49 | €658,822 | €745,471 | +€86,649 | +13.2% |
| Equity | 10/15 | €518,060 | €448,468 | -€69,592 | -13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €499,460 | €429,868 | -€69,592 | -13.9% |
| Distributable reserves | 133 | €499,460 | €429,868 | -€69,592 | -13.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €140,762 | €297,003 | +€156,241 | +111% |
| Amounts payable within one year | 42/48 | €139,805 | €295,927 | +€156,122 | +112% |
| Trade debts | 44 | €50 | €0 | -€50 | -100% |
| Suppliers | 440/4 | €50 | €0 | -€50 | -100% |
| Taxes, remuneration and social security | 45 | €19,693 | €16,830 | -€2,863 | -14.5% |
| Taxes | 450/3 | €14,693 | €11,830 | -€2,863 | -19.5% |
| Remuneration and social security | 454/9 | €5,000 | €5,000 | = | 0.0% |
| Other amounts payable | 47/48 | €120,062 | €279,097 | +€159,035 | +132% |
| Accrued charges and deferred income | 492/3 | €957 | €1,075 | +€119 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,602 | €21,602 | +€0 | 0.0% |
| Other operating charges | 640/8 | €4,143 | €3,747 | -€397 | -9.6% |
| Gross operating margin | 9900 | €177,203 | €162,422 | -€14,781 | -8.3% |
| Operating profit (loss) | 9901 | €151,458 | €137,074 | -€14,384 | -9.5% |
| Financial income | 75/76B | €960 | €800 | -€161 | -16.7% |
| Recurring financial income | 75 | €960 | €800 | -€161 | -16.7% |
| Financial charges | 65/66B | €42 | €39 | -€3 | -6.0% |
| Recurring financial charges | 65 | €42 | €39 | -€3 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €152,376 | €137,834 | -€14,542 | -9.5% |
| Income taxes | 67/77 | €43,909 | €39,316 | -€4,593 | -10.5% |
| Profit (loss) for the period | 9904 | €108,467 | €98,518 | -€9,949 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €108,467 | €98,518 | -€9,949 | -9.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.