V.V.D. SYSTEMS: 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.V.D. SYSTEMS
Largest movements
- Tangible fixed assets -€41,289
down €41,289 (-99.7%), from €41,410 to €121
of which Land and buildings: -€41,145
- Profit (loss) carried forward -€50,660
down €50,660 (-478%), from -€10,600 to -€61,260
- Other debts +€18,909
up €18,909 (+4,864%), from €389 to €19,298
- Debts after one year -€10,041
down €10,041 (-26.7%), from €37,585 to €27,544
- Current portion of long-term debt +€874
up €874 (+9.2%), from €9,525 to €10,400
- Trade debts -€727
down €727 (-31.3%), from €2,326 to €1,599
- Gross operating margin -€23,910
down €23,910, from €18,381 to -€5,529
- Depreciation -€10,469
down €10,469 (-98.6%), from €10,613 to €145
- Other operating charges -€1,683
down €1,683 (-61.7%), from €2,726 to €1,043
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 | €56,952 | €15,305 | -€41,648 | -73.1% |
| Fixed assets | 21/28 | €41,410 | €121 | -€41,289 | -99.7% |
| Tangible fixed assets | 22/27 | €41,410 | €121 | -€41,289 | -99.7% |
| Land and buildings | 22 | €41,145 | - | -€41,145 | |
| Furniture and vehicles | 24 | €265 | €121 | -€145 | -54.5% |
| Current assets | 29/58 | €15,542 | €15,184 | -€358 | -2.3% |
| Amounts receivable within one year | 40/41 | €15,504 | €15,184 | -€320 | -2.1% |
| Trade receivables | 40 | €15,028 | €15,028 | = | 0.0% |
| Other amounts receivable | 41 | €476 | €156 | -€320 | -67.3% |
| Cash at bank and in hand | 54/58 | €38 | - | -€38 | |
| Total equity and liabilities | 10/49 | €56,952 | €15,305 | -€41,648 | -73.1% |
| Equity | 10/15 | €6,987 | -€43,673 | -€50,660 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,387 | €11,387 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,527 | €9,527 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,600 | -€61,260 | -€50,660 | -478% |
| Amounts payable | 17/49 | €49,965 | €58,978 | +€9,012 | +18.0% |
| Amounts payable after more than one year | 17 | €37,585 | €27,544 | -€10,041 | -26.7% |
| Financial debts | 170/4 | €37,585 | €27,544 | -€10,041 | -26.7% |
| Amounts payable within one year | 42/48 | €12,380 | €31,433 | +€19,054 | +154% |
| Current portion of amounts payable after more than one year | 42 | €9,525 | €10,400 | +€874 | +9.2% |
| Trade debts | 44 | €2,326 | €1,599 | -€727 | -31.3% |
| Suppliers | 440/4 | €2,326 | €1,599 | -€727 | -31.3% |
| Taxes, remuneration and social security | 45 | €140 | €137 | -€3 | -2.1% |
| Taxes | 450/3 | €140 | €137 | -€3 | -2.1% |
| Other amounts payable | 47/48 | €389 | €19,298 | +€18,909 | +4,864% |
| Non-recurring operating income | 76A | €11,180 | - | -€11,180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,613 | €145 | -€10,469 | -98.6% |
| Other operating charges | 640/8 | €2,726 | €1,043 | -€1,683 | -61.7% |
| Non-recurring operating charges | 66A | - | €41,145 | +€41,145 | |
| Gross operating margin | 9900 | €18,381 | -€5,529 | -€23,910 | |
| Operating profit (loss) | 9901 | €5,042 | -€47,861 | -€52,903 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,557 | €2,663 | +€106 | +4.1% |
| Recurring financial charges | 65 | €2,557 | €2,663 | +€106 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €2,485 | -€50,524 | -€53,009 | |
| Income taxes | 67/77 | €140 | €137 | -€3 | -2.1% |
| Profit (loss) for the period | 9904 | €2,346 | -€50,660 | -€53,006 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,346 | -€50,660 | -€53,006 |
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 17 October 2026 via checked.be.