VD Concept: 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 Concept
Largest movements
- Receivables within one year -€20,533
down €20,533 (-95.7%), from €21,461 to €927
of which Trade receivables: -€20,169
- Deferred charges and accrued income +€240
new in 2025: €240
- Trade debts -€24,341
down €24,341 (-82.9%), from €29,375 to €5,034
- Other debts +€6,477
up €6,477 (+85.6%), from €7,563 to €14,040
- Profit (loss) carried forward -€2,110
down €2,110 (-5.5%), from -€38,616 to -€40,726
- Short-term financial debts -€1,300
down €1,300 (-79.6%), from €1,633 to €333
- Tax, wage and social debts +€825
up €825 (+61.1%), from €1,350 to €2,175
of which Taxes: +€1,825
- Gross operating margin +€10,472
up €10,472 (+92.1%), from -€11,372 to -€900
- Taxes +€289
up €289, from -€20 to €269
- Financial charges +€274
up €274 (+47.0%), from €583 to €856
- Other operating charges -€204
down €204 (-69.4%), from €294 to €90
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,875 | €1,567 | -€20,308 | -92.8% |
| Fixed assets | 21/28 | €415 | €400 | -€15 | -3.6% |
| Tangible fixed assets | 22/27 | €15 | - | -€15 | |
| Furniture and vehicles | 24 | €15 | - | -€15 | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €21,461 | €1,167 | -€20,293 | -94.6% |
| Amounts receivable within one year | 40/41 | €21,461 | €927 | -€20,533 | -95.7% |
| Trade receivables | 40 | €21,027 | €858 | -€20,169 | -95.9% |
| Other amounts receivable | 41 | €434 | €69 | -€365 | -84.0% |
| Deferred charges and accrued income | 490/1 | - | €240 | +€240 | |
| Total equity and liabilities | 10/49 | €21,875 | €1,567 | -€20,308 | -92.8% |
| Equity | 10/15 | -€18,156 | -€20,266 | -€2,110 | -11.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,616 | -€40,726 | -€2,110 | -5.5% |
| Amounts payable | 17/49 | €40,031 | €21,833 | -€18,198 | -45.5% |
| Amounts payable within one year | 42/48 | €39,922 | €21,583 | -€18,339 | -45.9% |
| Financial debts | 43 | €1,633 | €333 | -€1,300 | -79.6% |
| Credit institutions | 430/8 | €1,633 | €333 | -€1,300 | -79.6% |
| Trade debts | 44 | €29,375 | €5,034 | -€24,341 | -82.9% |
| Suppliers | 440/4 | €29,375 | €5,034 | -€24,341 | -82.9% |
| Taxes, remuneration and social security | 45 | €1,350 | €2,175 | +€825 | +61.1% |
| Taxes | 450/3 | €350 | €2,175 | +€1,825 | +521% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €7,563 | €14,040 | +€6,477 | +85.6% |
| Accrued charges and deferred income | 492/3 | €109 | €250 | +€141 | +129% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11 | €15 | +€4 | +31.6% |
| Other operating charges | 640/8 | €294 | €90 | -€204 | -69.4% |
| Gross operating margin | 9900 | -€11,372 | -€900 | +€10,472 | +92.1% |
| Operating profit (loss) | 9901 | -€11,677 | -€1,005 | +€10,672 | +91.4% |
| Financial income | 75/76B | €1 | €20 | +€19 | +1,911% |
| Recurring financial income | 75 | €1 | €20 | +€19 | +1,911% |
| Financial charges | 65/66B | €583 | €856 | +€274 | +47.0% |
| Recurring financial charges | 65 | €583 | €856 | +€274 | +47.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,259 | -€1,841 | +€10,418 | +85.0% |
| Income taxes | 67/77 | -€20 | €269 | +€289 | |
| Profit (loss) for the period | 9904 | -€12,239 | -€2,110 | +€10,128 | +82.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,239 | -€2,110 | +€10,128 | +82.8% |
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 15 October 2026 via checked.be.