V.D.X.: 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.X.
Largest movements
- Tangible fixed assets -€18,438
down €18,438 (-40.2%), from €45,889 to €27,451
of which Furniture and vehicles: -€16,761
- Current investments +€18,158
up €18,158 (+15.9%), from €114,433 to €132,590
- Deferred charges and accrued income -€5,834
down €5,834 (-59.3%), from €9,841 to €4,007
- Cash -€5,712
down €5,712 (-51.5%), from €11,092 to €5,381
mainly Current investments (-€18,158) and Tax, wage and social debts (-€14,746)
- Receivables within one year +€4,273
up €4,273 (+5.6%), from €76,905 to €81,179
of which Other amounts receivable: +€8,993
- Tax, wage and social debts -€14,746
down €14,746 (-65.6%), from €22,493 to €7,747
of which Taxes: -€13,211
- Other debts +€4,194
up €4,194 (+11.6%), from €36,287 to €40,480
- Staff costs +€17,701
up €17,701 (+154%), from €11,499 to €29,200
- Gross operating margin +€5,954
up €5,954 (+14.3%), from €41,525 to €47,480
- Financial income +€2,749
up €2,749 (+88.8%), from €3,097 to €5,846
- Taxes -€2,134
down €2,134 (-52.2%), from €4,087 to €1,953
- Other operating charges +€548
up €548 (+48.6%), from €1,128 to €1,676
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €258,490 | €250,938 | -€7,552 | -2.9% |
| Fixed assets | 21/28 | €46,219 | €27,781 | -€18,438 | -39.9% |
| Tangible fixed assets | 22/27 | €45,889 | €27,451 | -€18,438 | -40.2% |
| Plant, machinery and equipment | 23 | €1,684 | €1,178 | -€506 | -30.0% |
| Furniture and vehicles | 24 | €42,113 | €25,352 | -€16,761 | -39.8% |
| Other tangible fixed assets | 26 | €2,091 | €921 | -€1,171 | -56.0% |
| Financial fixed assets | 28 | €330 | €330 | = | 0.0% |
| Current assets | 29/58 | €212,271 | €223,156 | +€10,885 | +5.1% |
| Amounts receivable within one year | 40/41 | €76,905 | €81,179 | +€4,273 | +5.6% |
| Trade receivables | 40 | €68,730 | €64,010 | -€4,720 | -6.9% |
| Other amounts receivable | 41 | €8,176 | €17,169 | +€8,993 | +110% |
| Current investments | 50/53 | €114,433 | €132,590 | +€18,158 | +15.9% |
| Cash at bank and in hand | 54/58 | €11,092 | €5,381 | -€5,712 | -51.5% |
| Deferred charges and accrued income | 490/1 | €9,841 | €4,007 | -€5,834 | -59.3% |
| Total equity and liabilities | 10/49 | €258,490 | €250,938 | -€7,552 | -2.9% |
| Equity | 10/15 | €182,444 | €184,245 | +€1,801 | +1.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €71,251 | €71,251 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €69,392 | €69,392 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,601 | €94,402 | +€1,801 | +1.9% |
| Amounts payable | 17/49 | €76,046 | €66,693 | -€9,353 | -12.3% |
| Amounts payable within one year | 42/48 | €76,046 | €66,214 | -€9,832 | -12.9% |
| Trade debts | 44 | €17,266 | €17,986 | +€720 | +4.2% |
| Suppliers | 440/4 | €17,266 | €17,986 | +€720 | +4.2% |
| Taxes, remuneration and social security | 45 | €22,493 | €7,747 | -€14,746 | -65.6% |
| Taxes | 450/3 | €15,898 | €2,687 | -€13,211 | -83.1% |
| Remuneration and social security | 454/9 | €6,594 | €5,060 | -€1,535 | -23.3% |
| Other amounts payable | 47/48 | €36,287 | €40,480 | +€4,194 | +11.6% |
| Accrued charges and deferred income | 492/3 | - | €479 | +€479 | |
| Remuneration, social security and pensions | 62 | €11,499 | €29,200 | +€17,701 | +154% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,438 | €18,438 | = | 0.0% |
| Other operating charges | 640/8 | €1,128 | €1,676 | +€548 | +48.6% |
| Gross operating margin | 9900 | €41,525 | €47,480 | +€5,954 | +14.3% |
| Operating profit (loss) | 9901 | €10,461 | -€1,834 | -€12,295 | |
| Financial income | 75/76B | €3,097 | €5,846 | +€2,749 | +88.8% |
| Recurring financial income | 75 | €3,097 | €5,846 | +€2,749 | +88.8% |
| Financial charges | 65/66B | €340 | €259 | -€81 | -23.8% |
| Recurring financial charges | 65 | €340 | €259 | -€81 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €13,219 | €3,754 | -€9,465 | -71.6% |
| Income taxes | 67/77 | €4,087 | €1,953 | -€2,134 | -52.2% |
| Profit (loss) for the period | 9904 | €9,132 | €1,801 | -€7,332 | -80.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,132 | €1,801 | -€7,332 | -80.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.