V D V & CO: 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 V & CO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward +€27,176
up €27,176 (+1.5%), from -€1.9m to -€1.8m
- Gross operating margin +€38,623
up €38,623, from -€835 to €37,788
- Financial charges -€734
down €734 (-7.1%), from €10,348 to €9,614
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 | €1,857,615 | €1,874,034 | +€16,419 | +0.9% |
| Fixed assets | 21/28 | €1,856,126 | €1,856,126 | -€0 | 0.0% |
| Financial fixed assets | 28 | €1,856,126 | €1,856,126 | -€0 | 0.0% |
| Current assets | 29/58 | €1,489 | €17,908 | +€16,419 | +1,103% |
| Amounts receivable within one year | 40/41 | - | €7,434 | +€7,434 | |
| Trade receivables | 40 | - | €7,434 | +€7,434 | |
| Cash at bank and in hand | 54/58 | €1,489 | €10,474 | +€8,985 | +603% |
| Total equity and liabilities | 10/49 | €1,857,615 | €1,874,034 | +€16,419 | +0.9% |
| Equity | 10/15 | €1,654,155 | €1,681,331 | +€27,176 | +1.6% |
| Contributions | 10/11 | €3,461,000 | €3,461,000 | = | 0.0% |
| Reserves | 13 | €62,684 | €62,684 | -€0 | 0.0% |
| Distributable reserves | 133 | €62,684 | €62,684 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€1,869,529 | -€1,842,353 | +€27,176 | +1.5% |
| Amounts payable | 17/49 | €203,460 | €192,703 | -€10,757 | -5.3% |
| Amounts payable after more than one year | 17 | €130,000 | €130,000 | = | 0.0% |
| Other amounts payable | 178/9 | €130,000 | €130,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €61,439 | €43,856 | -€17,583 | -28.6% |
| Taxes, remuneration and social security | 45 | €2,777 | €2,741 | -€36 | -1.3% |
| Taxes | 450/3 | €2,777 | €2,741 | -€36 | -1.3% |
| Other amounts payable | 47/48 | €58,662 | €41,115 | -€17,547 | -29.9% |
| Accrued charges and deferred income | 492/3 | €12,021 | €18,847 | +€6,826 | +56.8% |
| Other operating charges | 640/8 | €968 | €998 | +€30 | +3.1% |
| Gross operating margin | 9900 | -€835 | €37,788 | +€38,623 | |
| Operating profit (loss) | 9901 | -€1,803 | €36,789 | +€38,592 | |
| Financial charges | 65/66B | €10,348 | €9,614 | -€734 | -7.1% |
| Recurring financial charges | 65 | €10,348 | €9,614 | -€734 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,151 | €27,176 | +€39,327 | |
| Profit (loss) for the period | 9904 | -€12,151 | €27,176 | +€39,327 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,151 | €27,176 | +€39,327 |
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 18 October 2026 via checked.be.