V-Dak: 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-Dak
Largest movements
- Cash +€159,292
up €159,292 (+95.7%), from €166,472 to €325,764
mainly Net result for the year (+€137,727) and Tax, wage and social debts (+€14,359)
- Profit (loss) carried forward +€137,727
up €137,727 (+87.0%), from €158,281 to €296,008
- Tax, wage and social debts +€14,359
up €14,359 (+57.9%), from €24,783 to €39,142
of which Taxes: +€14,194
- Other debts +€4,747
new in 2025: €4,747
- Gross operating margin +€57,564
up €57,564 (+47.1%), from €122,302 to €179,867
- Taxes +€14,812
up €14,812 (+59.8%), from €24,783 to €39,595
- Financial income +€1,832
up €1,832 (+693.3%), from €264 to €2,096
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 | €192,651 | €346,789 | +€154,138 | +80.0% |
| Fixed assets | 21/28 | €8,242 | €6,483 | -€1,759 | -21.3% |
| Tangible fixed assets | 22/27 | €8,242 | €6,483 | -€1,759 | -21.3% |
| Plant, machinery and equipment | 23 | €5,925 | €6,166 | +€241 | +4.1% |
| Furniture and vehicles | 24 | €2,317 | €317 | -€2,000 | -86.3% |
| Current assets | 29/58 | €184,409 | €340,306 | +€155,897 | +84.5% |
| Amounts receivable within one year | 40/41 | €16,764 | €14,542 | -€2,222 | -13.3% |
| Trade receivables | 40 | €9,357 | €8,256 | -€1,100 | -11.8% |
| Other amounts receivable | 41 | €7,408 | €6,285 | -€1,122 | -15.2% |
| Cash at bank and in hand | 54/58 | €166,472 | €325,764 | +€159,292 | +95.7% |
| Deferred charges and accrued income | 490/1 | €1,173 | - | -€1,173 | |
| Total equity and liabilities | 10/49 | €192,651 | €346,789 | +€154,138 | +80.0% |
| Equity | 10/15 | €161,281 | €299,008 | +€137,727 | +85.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,281 | €296,008 | +€137,727 | +87.0% |
| Amounts payable | 17/49 | €31,371 | €47,781 | +€16,410 | +52.3% |
| Amounts payable within one year | 42/48 | €31,371 | €47,152 | +€15,781 | +50.3% |
| Trade debts | 44 | €6,588 | €3,263 | -€3,325 | -50.5% |
| Suppliers | 440/4 | €6,588 | €3,263 | -€3,325 | -50.5% |
| Taxes, remuneration and social security | 45 | €24,783 | €39,142 | +€14,359 | +57.9% |
| Taxes | 450/3 | €24,783 | €38,977 | +€14,194 | +57.3% |
| Remuneration and social security | 454/9 | - | €165 | +€165 | |
| Other amounts payable | 47/48 | - | €4,747 | +€4,747 | |
| Accrued charges and deferred income | 492/3 | - | €629 | +€629 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,801 | €3,500 | +€699 | +24.9% |
| Other operating charges | 640/8 | €413 | €744 | +€331 | +80.1% |
| Gross operating margin | 9900 | €122,302 | €179,867 | +€57,564 | +47.1% |
| Operating profit (loss) | 9901 | €119,088 | €175,623 | +€56,535 | +47.5% |
| Financial income | 75/76B | €264 | €2,096 | +€1,832 | +693.3% |
| Recurring financial income | 75 | €264 | €2,096 | +€1,832 | +693.3% |
| Financial charges | 65/66B | €478 | €397 | -€82 | -17.1% |
| Recurring financial charges | 65 | €478 | €397 | -€82 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €118,874 | €177,322 | +€58,449 | +49.2% |
| Income taxes | 67/77 | €24,783 | €39,595 | +€14,812 | +59.8% |
| Profit (loss) for the period | 9904 | €94,091 | €137,727 | +€43,636 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €94,091 | €137,727 | +€43,636 | +46.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.