V.D.P.P.: 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.
What changed
V.D.P.P.
NACE 56.210, Event catering
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€663
2025 · €23,492-€22,829
Equity
€286,349
2025 · €285,685+€663
Cash
€373
2025 · €6,186-€5,813
Balance sheet total
€1.0m
2025 · €1.1m-€64,359
Largest movements
Assets
- Tangible fixed assets -€55,834
down €55,834 (-5.3%), from €1.1m to €1.0m
Equity and liabilities
- Debts after one year -€44,862
down €44,862 (-11.8%), from €378,614 to €333,753
- Advances received -€11,535
down €11,535 (-100%), from €11,535 to €0
Income statement
- Gross operating margin -€35,336
down €35,336 (-32.2%), from €109,775 to €74,439
- Depreciation -€12,279
down €12,279 (-17.5%), from €69,990 to €57,711
- Financial charges -€1,929
down €1,929 (-21.0%), from €9,164 to €7,235
- Taxes +€1,098
up €1,098 (+30.4%), from €3,610 to €4,708
From the 2025 result to the 2026 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.
Result 2025
€23,492
Gross operating margin
-€35,336
Depreciation
+€12,279
Other operating charges
-€603
Financial income
+€0
Financial charges
+€1,929
Taxes
-€1,098
Result 2026
€663
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€44,241
Investment
-€1,876
Financing
-€48,178
Cash 2025
€6,186
From operations (derived)
+€44,241
Net result for the year
+€663
Depreciation
+€57,711
Receivables within one year
+€3,947
Deferred charges and accrued income
-€1,235
Provisions
-€2,189
Trade debts
+€3,608
Tax, wage and social debts
+€3,186
Advances received
-€11,535
Other debts
-€9,914
Investment (derived)
-€1,876
Investment in fixed assets (net)
-€1,876
Financing
-€48,178
Debts after one year
-€44,862
Current portion of long-term debt
+€163
Short-term financial debts
-€3,480
Cash 2026
€373
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,079,520 | €1,015,161 | -€64,359 | -6.0% |
| Fixed assets | 21/28 | €1,058,091 | €1,002,257 | -€55,834 | -5.3% |
| Tangible fixed assets | 22/27 | €1,058,091 | €1,002,257 | -€55,834 | -5.3% |
| Land and buildings | 22 | €976,073 | €949,323 | -€26,750 | -2.7% |
| Plant, machinery and equipment | 23 | €43,535 | €29,868 | -€13,667 | -31.4% |
| Furniture and vehicles | 24 | €38,483 | €23,067 | -€15,417 | -40.1% |
| Current assets | 29/58 | €21,429 | €12,904 | -€8,525 | -39.8% |
| Amounts receivable within one year | 40/41 | €10,914 | €6,967 | -€3,947 | -36.2% |
| Trade receivables | 40 | €9,880 | €6,675 | -€3,205 | -32.4% |
| Other amounts receivable | 41 | €1,034 | €292 | -€742 | -71.7% |
| Cash at bank and in hand | 54/58 | €6,186 | €373 | -€5,813 | -94.0% |
| Deferred charges and accrued income | 490/1 | €4,329 | €5,565 | +€1,235 | +28.5% |
| Total equity and liabilities | 10/49 | €1,079,520 | €1,015,161 | -€64,359 | -6.0% |
| Equity | 10/15 | €285,685 | €286,349 | +€663 | +0.2% |
| Contributions | 10/11 | €81,200 | €81,200 | = | 0.0% |
| Reserves | 13 | €204,485 | €205,149 | +€663 | +0.3% |
| Tax-exempt reserves | 132 | €137,616 | €132,405 | -€5,212 | -3.8% |
| Distributable reserves | 133 | €66,869 | €72,744 | +€5,875 | +8.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €57,806 | €55,617 | -€2,189 | -3.8% |
| Deferred taxes | 168 | €57,806 | €55,617 | -€2,189 | -3.8% |
| Amounts payable | 17/49 | €736,029 | €673,196 | -€62,833 | -8.5% |
| Amounts payable after more than one year | 17 | €378,614 | €333,753 | -€44,862 | -11.8% |
| Financial debts | 170/4 | €378,614 | €333,753 | -€44,862 | -11.8% |
| Amounts payable within one year | 42/48 | €357,415 | €339,443 | -€17,972 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €44,698 | €44,862 | +€163 | +0.4% |
| Financial debts | 43 | €3,538 | €58 | -€3,480 | -98.4% |
| Credit institutions | 430/8 | €3,538 | €58 | -€3,480 | -98.4% |
| Trade debts | 44 | €8,574 | €12,182 | +€3,608 | +42.1% |
| Suppliers | 440/4 | €8,574 | €12,182 | +€3,608 | +42.1% |
| Advances received on contracts in progress | 46 | €11,535 | €0 | -€11,535 | -100% |
| Taxes, remuneration and social security | 45 | €479 | €3,665 | +€3,186 | +665% |
| Taxes | 450/3 | €479 | €3,665 | +€3,186 | +665% |
| Other amounts payable | 47/48 | €288,590 | €278,676 | -€9,914 | -3.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €4,000 | €0 | -€4,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,990 | €57,711 | -€12,279 | -17.5% |
| Other operating charges | 640/8 | €5,709 | €6,311 | +€603 | +10.6% |
| Gross operating margin | 9900 | €109,775 | €74,439 | -€35,336 | -32.2% |
| Operating profit (loss) | 9901 | €34,077 | €10,417 | -€23,660 | -69.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €9,164 | €7,235 | -€1,929 | -21.0% |
| Recurring financial charges | 65 | €9,164 | €7,235 | -€1,929 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €24,913 | €3,182 | -€21,731 | -87.2% |
| Transfer from deferred taxes | 780 | €2,189 | €2,189 | = | 0.0% |
| Income taxes | 67/77 | €3,610 | €4,708 | +€1,098 | +30.4% |
| Profit (loss) for the period | 9904 | €23,492 | €663 | -€22,829 | -97.2% |
| Transfer from tax-exempt reserves | 789 | €5,212 | €5,212 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,703 | €5,875 | -€22,829 | -79.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.