VD.CO: 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.
VD.CO
Largest movements
- Current investments +€43,378
new in 2025: €43,378
- Receivables after one year +€25,000
up €25,000 (+50.0%), from €50,000 to €75,000
- Tangible fixed assets -€12,872
down €12,872 (-5.2%), from €248,610 to €235,738
of which Furniture and vehicles: -€7,106
- Cash +€11,819
up €11,819 (+5.4%), from €220,206 to €232,024
mainly Other debts (+€190,279) and Net result for the year (+€102,241)
- Other debts +€190,279
up €190,279 (+461.0%), from €41,278 to €231,558
- Reserves -€105,913
down €105,913 (-30.8%), from €343,561 to €237,649
- Debts after one year -€21,500
down €21,500 (-20.0%), from €107,500 to €86,000
- Tax, wage and social debts +€9,542
up €9,542 (+39.5%), from €24,133 to €33,675
- Current portion of long-term debt -€6,541
down €6,541 (-23.3%), from €28,041 to €21,500
- Gross operating margin +€35,977
up €35,977 (+26.4%), from €136,500 to €172,477
- Taxes +€12,783
up €12,783 (+36.3%), from €35,260 to €48,042
- Financial income +€1,846
up €1,846 (+111.6%), from €1,654 to €3,500
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 | €553,566 | €620,242 | +€66,676 | +12.0% |
| Fixed assets | 21/28 | €248,610 | €235,738 | -€12,872 | -5.2% |
| Tangible fixed assets | 22/27 | €248,610 | €235,738 | -€12,872 | -5.2% |
| Land and buildings | 22 | €238,517 | €233,050 | -€5,467 | -2.3% |
| Plant, machinery and equipment | 23 | €597 | €298 | -€299 | -50.1% |
| Furniture and vehicles | 24 | €9,496 | €2,390 | -€7,106 | -74.8% |
| Current assets | 29/58 | €304,956 | €384,504 | +€79,549 | +26.1% |
| Amounts receivable after more than one year | 29 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Other amounts receivable | 291 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Amounts receivable within one year | 40/41 | €23,881 | €26,232 | +€2,351 | +9.8% |
| Trade receivables | 40 | €23,834 | €26,232 | +€2,398 | +10.1% |
| Other amounts receivable | 41 | €47 | - | -€47 | |
| Current investments | 50/53 | - | €43,378 | +€43,378 | |
| Cash at bank and in hand | 54/58 | €220,206 | €232,024 | +€11,819 | +5.4% |
| Deferred charges and accrued income | 490/1 | €10,869 | €7,870 | -€2,999 | -27.6% |
| Total equity and liabilities | 10/49 | €553,566 | €620,242 | +€66,676 | +12.0% |
| Equity | 10/15 | €349,761 | €243,849 | -€105,913 | -30.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €343,561 | €237,649 | -€105,913 | -30.8% |
| Distributable reserves | 133 | €343,561 | €237,649 | -€105,913 | -30.8% |
| Amounts payable | 17/49 | €203,804 | €376,393 | +€172,589 | +84.7% |
| Amounts payable after more than one year | 17 | €107,500 | €86,000 | -€21,500 | -20.0% |
| Financial debts | 170/4 | €107,500 | €86,000 | -€21,500 | -20.0% |
| Amounts payable within one year | 42/48 | €95,737 | €289,001 | +€193,265 | +201.9% |
| Current portion of amounts payable after more than one year | 42 | €28,041 | €21,500 | -€6,541 | -23.3% |
| Trade debts | 44 | €2,284 | €2,269 | -€15 | -0.6% |
| Suppliers | 440/4 | €2,284 | €2,269 | -€15 | -0.6% |
| Taxes, remuneration and social security | 45 | €24,133 | €33,675 | +€9,542 | +39.5% |
| Taxes | 450/3 | €24,133 | €33,675 | +€9,542 | +39.5% |
| Other amounts payable | 47/48 | €41,278 | €231,558 | +€190,279 | +461.0% |
| Accrued charges and deferred income | 492/3 | €568 | €1,392 | +€824 | +145.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,711 | €15,095 | -€1,616 | -9.7% |
| Other operating charges | 640/8 | €3,613 | €3,864 | +€252 | +7.0% |
| Gross operating margin | 9900 | €136,500 | €172,477 | +€35,977 | +26.4% |
| Operating profit (loss) | 9901 | €116,177 | €153,518 | +€37,341 | +32.1% |
| Financial income | 75/76B | €1,654 | €3,500 | +€1,846 | +111.6% |
| Recurring financial income | 75 | €1,654 | €3,500 | +€1,846 | +111.6% |
| Financial charges | 65/66B | €8,240 | €6,736 | -€1,505 | -18.3% |
| Recurring financial charges | 65 | €8,240 | €6,736 | -€1,505 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €109,592 | €150,283 | +€40,692 | +37.1% |
| Income taxes | 67/77 | €35,260 | €48,042 | +€12,783 | +36.3% |
| Profit (loss) for the period | 9904 | €74,332 | €102,241 | +€27,909 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €74,332 | €102,241 | +€27,909 | +37.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.