VD & J: 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.
What changed
VD & J
NACE 69.103, Activities of bailiffs
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€8,845
2024 · €139,758-€130,913
Equity
€2.3m
2024 · €2.3m+€8,845
Cash
€1.5m
2024 · €1.5m+€8,009
Balance sheet total
€2.5m
2024 · €2.7m-€200,168
Largest movements
Assets
- Receivables within one year -€185,793
down €185,793 (-18.6%), from €999,271 to €813,478
of which Other amounts receivable: -€784,234
Equity and liabilities
- Other debts -€218,282
down €218,282 (-62.6%), from €348,777 to €130,496
Income statement
- Gross operating margin -€281,420
down €281,420 (-66.3%), from €424,260 to €142,840
- Staff costs -€120,016
down €120,016 (-48.0%), from €250,200 to €130,184
- Depreciation -€33,935
down €33,935 (-91.8%), from €36,967 to €3,032
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.
Result 2024
€139,758
Gross operating margin
-€281,420
Staff costs
+€120,016
Depreciation
+€33,935
Other operating charges
+€82
Other operating items
-€49
Financial income
-€2,116
Financial charges
-€1,316
Taxes
-€46
Result 2025
€8,845
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.
From operations
-€10,040
Investment
+€18,049
Financing
€0
Cash 2024
€1.5m
From operations (derived)
-€10,040
Net result for the year
+€8,845
Depreciation
+€3,032
Receivables within one year
+€185,793
Deferred charges and accrued income
+€1,304
Trade debts
-€6,580
Tax, wage and social debts
+€21,348
Other debts
-€218,282
Accrued charges and deferred income
-€5,500
Investment (derived)
+€18,049
Investment in fixed assets (net)
+€18,049
Cash 2025
€1.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,682,101 | €2,481,933 | -€200,168 | -7.5% |
| Fixed assets | 21/28 | €26,671 | €5,591 | -€21,080 | -79.0% |
| Intangible fixed assets | 21 | €18,000 | - | -€18,000 | |
| Tangible fixed assets | 22/27 | €8,671 | €5,591 | -€3,080 | -35.5% |
| Land and buildings | 22 | €49 | - | -€49 | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €8,623 | €5,591 | -€3,032 | -35.2% |
| Current assets | 29/58 | €2,655,430 | €2,476,342 | -€179,088 | -6.7% |
| Amounts receivable after more than one year | 29 | €135,000 | €135,000 | = | 0.0% |
| Other amounts receivable | 291 | €135,000 | €135,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €999,271 | €813,478 | -€185,793 | -18.6% |
| Trade receivables | 40 | €208,846 | €807,287 | +€598,441 | +286.5% |
| Other amounts receivable | 41 | €790,425 | €6,191 | -€784,234 | -99.2% |
| Cash at bank and in hand | 54/58 | €1,514,384 | €1,522,393 | +€8,009 | +0.5% |
| Deferred charges and accrued income | 490/1 | €6,775 | €5,471 | -€1,304 | -19.2% |
| Total equity and liabilities | 10/49 | €2,682,101 | €2,481,933 | -€200,168 | -7.5% |
| Equity | 10/15 | €2,301,900 | €2,310,746 | +€8,845 | +0.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,009,548 | €2,009,548 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,048 | €7,048 | = | 0.0% |
| Distributable reserves | 133 | €2,002,500 | €2,002,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €267,352 | €276,198 | +€8,845 | +3.3% |
| Amounts payable | 17/49 | €380,201 | €171,187 | -€209,013 | -55.0% |
| Amounts payable within one year | 42/48 | €374,701 | €171,187 | -€203,513 | -54.3% |
| Trade debts | 44 | €11,193 | €4,613 | -€6,580 | -58.8% |
| Suppliers | 440/4 | €11,193 | €4,613 | -€6,580 | -58.8% |
| Taxes, remuneration and social security | 45 | €14,731 | €36,079 | +€21,348 | +144.9% |
| Taxes | 450/3 | €4,718 | €36,079 | +€31,361 | +664.6% |
| Remuneration and social security | 454/9 | €10,012 | - | -€10,012 | |
| Other amounts payable | 47/48 | €348,777 | €130,496 | -€218,282 | -62.6% |
| Accrued charges and deferred income | 492/3 | €5,500 | - | -€5,500 | |
| Non-recurring operating income | 76A | - | €101,809 | +€101,809 | |
| Remuneration, social security and pensions | 62 | €250,200 | €130,184 | -€120,016 | -48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,967 | €3,032 | -€33,935 | -91.8% |
| Other operating charges | 640/8 | €800 | €718 | -€82 | -10.2% |
| Non-recurring operating charges | 66A | - | €49 | +€49 | |
| Gross operating margin | 9900 | €424,260 | €142,840 | -€281,420 | -66.3% |
| Operating profit (loss) | 9901 | €136,293 | €8,858 | -€127,435 | -93.5% |
| Financial income | 75/76B | €7,357 | €5,241 | -€2,116 | -28.8% |
| Recurring financial income | 75 | €7,357 | €5,241 | -€2,116 | -28.8% |
| Financial charges | 65/66B | €3,376 | €4,692 | +€1,316 | +39.0% |
| Recurring financial charges | 65 | €3,376 | €4,692 | +€1,316 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | €140,274 | €9,407 | -€130,867 | -93.3% |
| Income taxes | 67/77 | €516 | €562 | +€46 | +8.9% |
| Profit (loss) for the period | 9904 | €139,758 | €8,845 | -€130,913 | -93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €139,758 | €8,845 | -€130,913 | -93.7% |
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 12 October 2026 via checked.be.