V.D.P: 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.
V.D.P
Largest movements
- Tangible fixed assets +€253,793
up €253,793 (+38.2%), from €664,575 to €918,368
of which Land and buildings: +€259,746
- Receivables within one year +€242,981
up €242,981 (+871.7%), from €27,874 to €270,855
of which Other amounts receivable: +€252,282
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Cash +€28,033
up €28,033 (+59.8%), from €46,841 to €74,874
mainly Net result for the year (+€273,667) and Debts after one year (+€163,831)
- Reserves +€273,667
up €273,667 (+43.3%), from €632,335 to €906,002
- Debts after one year +€163,831
up €163,831 (+109.9%), from €149,110 to €312,941
- Trade debts -€57,168
down €57,168 (-97.2%), from €58,801 to €1,633
- Tax, wage and social debts +€19,374
up €19,374 (+97.3%), from €19,912 to €39,286
of which Taxes: +€28,262
- Current portion of long-term debt +€17,756
up €17,756 (+125.9%), from €14,102 to €31,858
- Financial income +€500,370
up €500,370 (+21199.5%), from €2,360 to €502,731
- Purchases and services +€345,797
new in 2025: €345,797
- Gross operating margin -€313,184
down €313,184, from €202,870 to -€110,314
- Turnover +€180,000
new in 2025: €180,000
- Staff costs -€44,553
down €44,553 (-74.3%), from €59,962 to €15,410
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 | €1,142,408 | €1,570,327 | +€427,919 | +37.5% |
| Fixed assets | 21/28 | €962,643 | €1,216,436 | +€253,793 | +26.4% |
| Tangible fixed assets | 22/27 | €664,575 | €918,368 | +€253,793 | +38.2% |
| Land and buildings | 22 | €526,094 | €785,840 | +€259,746 | +49.4% |
| Plant, machinery and equipment | 23 | €6,139 | €3,540 | -€2,599 | -42.3% |
| Furniture and vehicles | 24 | €17,200 | €13,846 | -€3,354 | -19.5% |
| Other tangible fixed assets | 26 | €115,142 | €115,142 | = | 0.0% |
| Financial fixed assets | 28 | €298,068 | €298,068 | = | 0.0% |
| Current assets | 29/58 | €179,765 | €353,890 | +€174,126 | +96.9% |
| Amounts receivable within one year | 40/41 | €27,874 | €270,855 | +€242,981 | +871.7% |
| Trade receivables | 40 | €27,421 | €18,120 | -€9,301 | -33.9% |
| Other amounts receivable | 41 | €453 | €252,735 | +€252,282 | +55684.1% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €46,841 | €74,874 | +€28,033 | +59.8% |
| Deferred charges and accrued income | 490/1 | €5,050 | €8,162 | +€3,112 | +61.6% |
| Total equity and liabilities | 10/49 | €1,142,408 | €1,570,327 | +€427,919 | +37.5% |
| Equity | 10/15 | €681,913 | €955,580 | +€273,667 | +40.1% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €632,335 | €906,002 | +€273,667 | +43.3% |
| Distributable reserves | 133 | €632,335 | €906,002 | +€273,667 | +43.3% |
| Amounts payable | 17/49 | €460,494 | €614,746 | +€154,252 | +33.5% |
| Amounts payable after more than one year | 17 | €149,110 | €312,941 | +€163,831 | +109.9% |
| Financial debts | 170/4 | €149,110 | €312,941 | +€163,831 | +109.9% |
| Amounts payable within one year | 42/48 | €311,384 | €301,805 | -€9,579 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €14,102 | €31,858 | +€17,756 | +125.9% |
| Trade debts | 44 | €58,801 | €1,633 | -€57,168 | -97.2% |
| Suppliers | 440/4 | €58,801 | €1,633 | -€57,168 | -97.2% |
| Taxes, remuneration and social security | 45 | €19,912 | €39,286 | +€19,374 | +97.3% |
| Taxes | 450/3 | €4,874 | €33,136 | +€28,262 | +579.8% |
| Remuneration and social security | 454/9 | €15,038 | €6,150 | -€8,888 | -59.1% |
| Other amounts payable | 47/48 | €218,569 | €229,028 | +€10,459 | +4.8% |
| Turnover | 70 | - | €180,000 | +€180,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €345,797 | +€345,797 | |
| Remuneration, social security and pensions | 62 | €59,962 | €15,410 | -€44,553 | -74.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,466 | €54,207 | +€34,740 | +178.5% |
| Other operating charges | 640/8 | €3,385 | €3,676 | +€291 | +8.6% |
| Gross operating margin | 9900 | €202,870 | -€110,314 | -€313,184 | |
| Operating profit (loss) | 9901 | €120,056 | -€183,607 | -€303,663 | |
| Financial income | 75/76B | €2,360 | €502,731 | +€500,370 | +21199.5% |
| Recurring financial income | 75 | €2,360 | €502,731 | +€500,370 | +21199.5% |
| Financial charges | 65/66B | €13,708 | €17,381 | +€3,673 | +26.8% |
| Recurring financial charges | 65 | €13,708 | €17,381 | +€3,673 | +26.8% |
| Profit (loss) for the period before taxes | 9903 | €108,708 | €301,743 | +€193,035 | +177.6% |
| Income taxes | 67/77 | €355 | €28,076 | +€27,721 | +7808.3% |
| Profit (loss) for the period | 9904 | €108,353 | €273,667 | +€165,314 | +152.6% |
| Profit (loss) for the period to be appropriated | 9905 | €108,353 | €273,667 | +€165,314 | +152.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.