V-D.S.: 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.S.
Largest movements
- Tangible fixed assets +€1,493
new in 2025: €1,493
- Receivables within one year -€191
down €191 (-37.4%), from €511 to €320
- Cash -€38
down €38 (-4.2%), from €908 to €870
mainly Net result for the year (-€3,691) and Investment in fixed assets (net) (-€1,826)
- Other debts +€5,308
up €5,308 (+143%), from €3,703 to €9,011
- Profit (loss) carried forward -€3,691
down €3,691 (-26.0%), from -€14,177 to -€17,868
- Trade debts -€789
down €789 (-55.8%), from €1,414 to €626
- Tax, wage and social debts +€436
up €436 (+104%), from €418 to €854
- Gross operating margin +€855
up €855 (+24.2%), from -€3,531 to -€2,676
- Depreciation +€333
new in 2025: €333
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 | €1,419 | €2,683 | +€1,264 | +89.1% |
| Fixed assets | 21/28 | - | €1,493 | +€1,493 | |
| Tangible fixed assets | 22/27 | - | €1,493 | +€1,493 | |
| Plant, machinery and equipment | 23 | - | €1,493 | +€1,493 | |
| Current assets | 29/58 | €1,419 | €1,190 | -€229 | -16.1% |
| Amounts receivable within one year | 40/41 | €511 | €320 | -€191 | -37.4% |
| Other amounts receivable | 41 | €511 | €320 | -€191 | -37.4% |
| Cash at bank and in hand | 54/58 | €908 | €870 | -€38 | -4.2% |
| Total equity and liabilities | 10/49 | €1,419 | €2,683 | +€1,264 | +89.1% |
| Equity | 10/15 | -€4,117 | -€7,808 | -€3,691 | -89.7% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,177 | -€17,868 | -€3,691 | -26.0% |
| Amounts payable | 17/49 | €5,536 | €10,491 | +€4,955 | +89.5% |
| Amounts payable within one year | 42/48 | €5,536 | €10,491 | +€4,955 | +89.5% |
| Trade debts | 44 | €1,414 | €626 | -€789 | -55.8% |
| Suppliers | 440/4 | €1,414 | €626 | -€789 | -55.8% |
| Taxes, remuneration and social security | 45 | €418 | €854 | +€436 | +104% |
| Taxes | 450/3 | €418 | €854 | +€436 | +104% |
| Other amounts payable | 47/48 | €3,703 | €9,011 | +€5,308 | +143% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €333 | +€333 | |
| Other operating charges | 640/8 | €204 | €210 | +€6 | +2.7% |
| Non-recurring operating charges | 66A | €53 | - | -€53 | |
| Gross operating margin | 9900 | -€3,531 | -€2,676 | +€855 | +24.2% |
| Operating profit (loss) | 9901 | -€3,789 | -€3,218 | +€570 | +15.0% |
| Financial charges | 65/66B | €35 | €37 | +€1 | +4.1% |
| Recurring financial charges | 65 | €35 | €37 | +€1 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,824 | -€3,255 | +€569 | +14.9% |
| Income taxes | 67/77 | €418 | €436 | +€18 | +4.3% |
| Profit (loss) for the period | 9904 | -€4,242 | -€3,691 | +€550 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,242 | -€3,691 | +€550 | +13.0% |
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 17 October 2026 via checked.be.