VD INVEST: what changed
What changed
VD INVEST
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€2,477
2025 · -€2,906+€429
Equity
-€97,980
2025 · -€95,502-€2,477
Cash
€1,519
2025 · €1,661-€143
Balance sheet total
€18,796
2025 · €19,188-€393
Largest movements
Assets
- Deferred charges and accrued income -€292
down €292 (-51.8%), from €563 to €271
Equity and liabilities
- Other debts +€2,500
up €2,500 (+2.2%), from €112,228 to €114,728
- Profit (loss) carried forward -€2,477
down €2,477 (-1.7%), from -€148,014 to -€150,491
- Trade debts -€362
down €362 (-48.3%), from €750 to €388
Income statement
- Gross operating margin +€441
up €441 (+17.7%), from -€2,488 to -€2,047
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
-€2,906
Gross operating margin
+€441
Other operating charges
-€11
Financial charges
-€1
Result 2026
-€2,477
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€143
Investment
€0
Financing
€0
Cash 2025
€1,661
From operations (derived)
-€143
Net result for the year
-€2,477
Receivables within one year
-€41
Deferred charges and accrued income
+€292
Trade debts
-€362
Other debts
+€2,500
Accrued charges and deferred income
-€53
Cash 2026
€1,519
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,188 | €18,796 | -€393 | -2.0% |
| Current assets | 29/58 | €19,188 | €18,796 | -€393 | -2.0% |
| Amounts receivable within one year | 40/41 | €16,965 | €17,006 | +€41 | +0.2% |
| Trade receivables | 40 | €16,952 | €16,952 | = | 0.0% |
| Other amounts receivable | 41 | €13 | €54 | +€41 | +328% |
| Cash at bank and in hand | 54/58 | €1,661 | €1,519 | -€143 | -8.6% |
| Deferred charges and accrued income | 490/1 | €563 | €271 | -€292 | -51.8% |
| Total equity and liabilities | 10/49 | €19,188 | €18,796 | -€393 | -2.0% |
| Equity | 10/15 | -€95,502 | -€97,980 | -€2,477 | -2.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €2,512 | €2,512 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €512 | €512 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€148,014 | -€150,491 | -€2,477 | -1.7% |
| Amounts payable | 17/49 | €114,691 | €116,775 | +€2,085 | +1.8% |
| Amounts payable within one year | 42/48 | €112,978 | €115,116 | +€2,138 | +1.9% |
| Trade debts | 44 | €750 | €388 | -€362 | -48.3% |
| Suppliers | 440/4 | €750 | €388 | -€362 | -48.3% |
| Other amounts payable | 47/48 | €112,228 | €114,728 | +€2,500 | +2.2% |
| Accrued charges and deferred income | 492/3 | €1,713 | €1,659 | -€53 | -3.1% |
| Other operating charges | 640/8 | €390 | €401 | +€11 | +2.9% |
| Gross operating margin | 9900 | -€2,488 | -€2,047 | +€441 | +17.7% |
| Operating profit (loss) | 9901 | -€2,878 | -€2,448 | +€430 | +14.9% |
| Financial charges | 65/66B | €28 | €29 | +€1 | +5.2% |
| Recurring financial charges | 65 | €28 | €29 | +€1 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,906 | -€2,477 | +€429 | +14.7% |
| Profit (loss) for the period | 9904 | -€2,906 | -€2,477 | +€429 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,906 | -€2,477 | +€429 | +14.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.