Van Dinh: what changed
Two fiscal 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.
Van Dinh
Largest movements
- Cash -€8,641
down €8,641 (-78.3%), from €11,029 to €2,388
mainly Net result for the year (-€13,764) and Investment in fixed assets (net) (-€9,033)
- Profit (loss) carried forward -€13,764
down €13,764 (-212.2%), from -€6,487 to -€20,251
- Trade debts +€8,162
up €8,162 (+4688.5%), from €174 to €8,336
- Other debts -€1,750
down €1,750 (-4.5%), from €39,250 to €37,500
- Gross operating margin -€4,754
down €4,754, from €132 to -€4,622
- Depreciation +€1,746
up €1,746 (+28.6%), from €6,104 to €7,851
- Other operating charges +€808
up €808 (+195.4%), from €413 to €1,221
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 | €132,937 | €125,585 | -€7,353 | -5.5% |
| Fixed assets | 21/28 | €121,375 | €122,558 | +€1,183 | +1.0% |
| Tangible fixed assets | 22/27 | €121,375 | €122,558 | +€1,183 | +1.0% |
| Land and buildings | 22 | €13,607 | €19,380 | +€5,772 | +42.4% |
| Plant, machinery and equipment | 23 | €107,767 | €101,602 | -€6,165 | -5.7% |
| Furniture and vehicles | 24 | - | €1,576 | +€1,576 | |
| Current assets | 29/58 | €11,563 | €3,027 | -€8,535 | -73.8% |
| Amounts receivable within one year | 40/41 | €534 | €639 | +€105 | +19.7% |
| Other amounts receivable | 41 | €534 | €639 | +€105 | +19.7% |
| Cash at bank and in hand | 54/58 | €11,029 | €2,388 | -€8,641 | -78.3% |
| Total equity and liabilities | 10/49 | €132,937 | €125,585 | -€7,353 | -5.5% |
| Equity | 10/15 | €93,513 | €79,749 | -€13,764 | -14.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,487 | -€20,251 | -€13,764 | -212.2% |
| Amounts payable | 17/49 | €39,424 | €45,836 | +€6,412 | +16.3% |
| Amounts payable within one year | 42/48 | €39,424 | €45,836 | +€6,412 | +16.3% |
| Trade debts | 44 | €174 | €8,336 | +€8,162 | +4688.5% |
| Suppliers | 440/4 | €174 | €8,336 | +€8,162 | +4688.5% |
| Other amounts payable | 47/48 | €39,250 | €37,500 | -€1,750 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,104 | €7,851 | +€1,746 | +28.6% |
| Other operating charges | 640/8 | €413 | €1,221 | +€808 | +195.4% |
| Gross operating margin | 9900 | €132 | -€4,622 | -€4,754 | |
| Operating profit (loss) | 9901 | -€6,386 | -€13,694 | -€7,308 | -114.4% |
| Financial charges | 65/66B | €101 | €70 | -€31 | -30.3% |
| Recurring financial charges | 65 | €101 | €70 | -€31 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,487 | -€13,764 | -€7,278 | -112.2% |
| Profit (loss) for the period | 9904 | -€6,487 | -€13,764 | -€7,278 | -112.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,487 | -€13,764 | -€7,278 | -112.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.