V.O.D. NC.: 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. NC.
Largest movements
- Cash -€350,283
down €350,283 (-86.1%), from €406,722 to €56,440
mainly Other debts (-€347,499) and Deferred charges and accrued income (-€107,994)
- Receivables within one year -€120,016
down €120,016 (-34.6%), from €347,140 to €227,124
- Deferred charges and accrued income +€107,994
up €107,994 (+1,074%), from €10,059 to €118,053
- Tangible fixed assets -€44,766
down €44,766 (-32.5%), from €137,640 to €92,873
of which Furniture and vehicles: -€41,831
- Intangible fixed assets -€19,257
down €19,257 (-13.0%), from €147,916 to €128,659
- Other debts -€347,499
down €347,499 (-95.2%), from €365,016 to €17,516
- Current portion of long-term debt -€41,776
down €41,776 (-35.9%), from €116,375 to €74,599
- Profit (loss) carried forward +€32,606
up €32,606 (+8.6%), from €377,528 to €410,133
- Tax, wage and social debts -€31,658
down €31,658 (-29.6%), from €106,776 to €75,118
of which Remuneration and social security: -€31,658
- Debts after one year -€27,599
down €27,599 (-42.8%), from €64,480 to €36,881
- Gross operating margin -€582,810
down €582,810 (-36.9%), from €1.6m to €997,408
- Staff costs -€478,746
down €478,746 (-36.9%), from €1.3m to €819,198
- Taxes -€40,200
down €40,200 (-53.3%), from €75,396 to €35,196
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 | €1,049,730 | €623,402 | -€426,328 | -40.6% |
| Fixed assets | 21/28 | €285,808 | €221,784 | -€64,024 | -22.4% |
| Intangible fixed assets | 21 | €147,916 | €128,659 | -€19,257 | -13.0% |
| Tangible fixed assets | 22/27 | €137,640 | €92,873 | -€44,766 | -32.5% |
| Plant, machinery and equipment | 23 | €12,039 | €8,553 | -€3,486 | -29.0% |
| Furniture and vehicles | 24 | €125,156 | €83,325 | -€41,831 | -33.4% |
| Other tangible fixed assets | 26 | €445 | €996 | +€550 | +124% |
| Financial fixed assets | 28 | €252 | €252 | = | 0.0% |
| Current assets | 29/58 | €763,922 | €401,617 | -€362,304 | -47.4% |
| Amounts receivable within one year | 40/41 | €347,140 | €227,124 | -€120,016 | -34.6% |
| Other amounts receivable | 41 | €347,140 | €227,124 | -€120,016 | -34.6% |
| Cash at bank and in hand | 54/58 | €406,722 | €56,440 | -€350,283 | -86.1% |
| Deferred charges and accrued income | 490/1 | €10,059 | €118,053 | +€107,994 | +1,074% |
| Total equity and liabilities | 10/49 | €1,049,730 | €623,402 | -€426,328 | -40.6% |
| Equity | 10/15 | €383,728 | €416,333 | +€32,606 | +8.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €377,528 | €410,133 | +€32,606 | +8.6% |
| Amounts payable | 17/49 | €666,002 | €207,068 | -€458,934 | -68.9% |
| Amounts payable after more than one year | 17 | €64,480 | €36,881 | -€27,599 | -42.8% |
| Financial debts | 170/4 | €64,480 | €36,881 | -€27,599 | -42.8% |
| Amounts payable within one year | 42/48 | €601,522 | €168,980 | -€432,542 | -71.9% |
| Current portion of amounts payable after more than one year | 42 | €116,375 | €74,599 | -€41,776 | -35.9% |
| Trade debts | 44 | €13,356 | €1,747 | -€11,609 | -86.9% |
| Suppliers | 440/4 | €13,356 | €1,747 | -€11,609 | -86.9% |
| Taxes, remuneration and social security | 45 | €106,776 | €75,118 | -€31,658 | -29.6% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €106,776 | €75,118 | -€31,658 | -29.6% |
| Other amounts payable | 47/48 | €365,016 | €17,516 | -€347,499 | -95.2% |
| Accrued charges and deferred income | 492/3 | - | €1,207 | +€1,207 | |
| Non-recurring operating income | 76A | - | €9,853 | +€9,853 | |
| Remuneration, social security and pensions | 62 | €1,297,944 | €819,198 | -€478,746 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,320 | €76,794 | +€474 | +0.6% |
| Other operating charges | 640/8 | €1,564 | €7,214 | +€5,649 | +361% |
| Gross operating margin | 9900 | €1,580,218 | €997,408 | -€582,810 | -36.9% |
| Operating profit (loss) | 9901 | €204,390 | €94,202 | -€110,187 | -53.9% |
| Financial income | 75/76B | €3,329 | €3,067 | -€262 | -7.9% |
| Recurring financial income | 75 | €3,329 | €3,067 | -€262 | -7.9% |
| Financial charges | 65/66B | €16,139 | €11,968 | -€4,171 | -25.8% |
| Recurring financial charges | 65 | €16,139 | €11,968 | -€4,171 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €191,580 | €85,301 | -€106,278 | -55.5% |
| Income taxes | 67/77 | €75,396 | €35,196 | -€40,200 | -53.3% |
| Profit (loss) for the period | 9904 | €116,184 | €50,106 | -€66,078 | -56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €116,184 | €50,106 | -€66,078 | -56.9% |
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 20 October 2026 via checked.be.