V.O.D.B projects: 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.O.D.B projects
Largest movements
- Stocks and contracts +€74,100
up €74,100 (+24.1%), from €307,521 to €381,621
- Cash -€6,687
no longer reported in 2025 (was €6,687)
mainly Stocks and contracts (-€74,100) and Net result for the year (-€5,645)
- Other debts +€69,872
up €69,872 (+108%), from €64,783 to €134,655
- Profit (loss) carried forward -€5,645
down €5,645 (-14.8%), from -€38,225 to -€43,870
- Financial charges -€9,761
down €9,761 (-76.5%), from €12,767 to €3,006
- Gross operating margin +€484
up €484 (+22.3%), from -€2,173 to -€1,688
- Other operating charges +€409
up €409 (+75.6%), from €542 to €951
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 | €314,208 | €381,666 | +€67,458 | +21.5% |
| Current assets | 29/58 | €314,208 | €381,666 | +€67,458 | +21.5% |
| Stocks and contracts in progress | 3 | €307,521 | €381,621 | +€74,100 | +24.1% |
| Stocks | 30/36 | €307,521 | €381,621 | +€74,100 | +24.1% |
| Amounts receivable within one year | 40/41 | - | €45 | +€45 | |
| Trade receivables | 40 | - | €45 | +€45 | |
| Cash at bank and in hand | 54/58 | €6,687 | - | -€6,687 | |
| Total equity and liabilities | 10/49 | €314,208 | €381,666 | +€67,458 | +21.5% |
| Equity | 10/15 | €11,775 | €6,130 | -€5,645 | -47.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,225 | -€43,870 | -€5,645 | -14.8% |
| Amounts payable | 17/49 | €302,433 | €375,536 | +€73,103 | +24.2% |
| Amounts payable within one year | 42/48 | €302,433 | €375,536 | +€73,103 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €237,650 | €240,000 | +€2,350 | +1.0% |
| Financial debts | 43 | - | €289 | +€289 | |
| Credit institutions | 430/8 | - | €289 | +€289 | |
| Trade debts | 44 | - | €45 | +€45 | |
| Suppliers | 440/4 | - | €45 | +€45 | |
| Taxes, remuneration and social security | 45 | - | €547 | +€547 | |
| Taxes | 450/3 | - | €547 | +€547 | |
| Other amounts payable | 47/48 | €64,783 | €134,655 | +€69,872 | +108% |
| Other operating charges | 640/8 | €542 | €951 | +€409 | +75.6% |
| Gross operating margin | 9900 | -€2,173 | -€1,688 | +€484 | +22.3% |
| Operating profit (loss) | 9901 | -€2,714 | -€2,639 | +€75 | +2.8% |
| Financial charges | 65/66B | €12,767 | €3,006 | -€9,761 | -76.5% |
| Recurring financial charges | 65 | €12,767 | €3,006 | -€9,761 | -76.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,481 | -€5,645 | +€9,837 | +63.5% |
| Profit (loss) for the period | 9904 | -€15,481 | -€5,645 | +€9,837 | +63.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,481 | -€5,645 | +€9,837 | +63.5% |
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 16 October 2026 via checked.be.