VD.PRO.CONNECT: 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.PRO.CONNECT
Largest movements
- Receivables within one year +€249,503
up €249,503 (+107%), from €232,502 to €482,005
of which Trade receivables: +€238,824
- Cash +€11,850
up €11,850 (+2.4%), from €488,915 to €500,765
mainly Other debts (+€248,910) and Tax, wage and social debts (+€207,233)
- Other debts +€248,910
up €248,910 (+622%), from €40,001 to €288,911
- Tax, wage and social debts +€207,233
up €207,233 (+365%), from €56,709 to €263,942
of which Taxes: +€108,767
- Reserves -€182,790
down €182,790 (-30.9%), from €590,660 to €407,870
- Gross operating margin +€336,451
up €336,451 (+60.6%), from €555,627 to €892,078
- Staff costs +€328,471
up €328,471 (+99.6%), from €329,951 to €658,422
- Financial charges +€36,657
up €36,657 (+1,162%), from €3,155 to €39,812
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
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 | €725,643 | €990,380 | +€264,737 | +36.5% |
| Fixed assets | 21/28 | €75 | €75 | = | 0.0% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €725,568 | €990,305 | +€264,737 | +36.5% |
| Amounts receivable within one year | 40/41 | €232,502 | €482,005 | +€249,503 | +107% |
| Trade receivables | 40 | €232,502 | €471,325 | +€238,824 | +103% |
| Other amounts receivable | 41 | - | €10,680 | +€10,680 | |
| Cash at bank and in hand | 54/58 | €488,915 | €500,765 | +€11,850 | +2.4% |
| Deferred charges and accrued income | 490/1 | €4,151 | €7,535 | +€3,384 | +81.5% |
| Total equity and liabilities | 10/49 | €725,643 | €990,380 | +€264,737 | +36.5% |
| Equity | 10/15 | €599,266 | €416,479 | -€182,787 | -30.5% |
| Contributions | 10/11 | €2,200 | €2,200 | = | 0.0% |
| Reserves | 13 | €590,660 | €407,870 | -€182,790 | -30.9% |
| Distributable reserves | 133 | €590,660 | €407,870 | -€182,790 | -30.9% |
| Profit (loss) carried forward | 14 | €6,406 | €6,409 | +€3 | 0.0% |
| Amounts payable | 17/49 | €126,376 | €573,901 | +€447,525 | +354% |
| Amounts payable within one year | 42/48 | €126,376 | €573,901 | +€447,525 | +354% |
| Trade debts | 44 | €29,666 | €21,048 | -€8,618 | -29.1% |
| Suppliers | 440/4 | €29,666 | €21,048 | -€8,618 | -29.1% |
| Taxes, remuneration and social security | 45 | €56,709 | €263,942 | +€207,233 | +365% |
| Taxes | 450/3 | €23,746 | €132,513 | +€108,767 | +458% |
| Remuneration and social security | 454/9 | €32,963 | €131,429 | +€98,466 | +299% |
| Other amounts payable | 47/48 | €40,001 | €288,911 | +€248,910 | +622% |
| Remuneration, social security and pensions | 62 | €329,951 | €658,422 | +€328,471 | +99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €979 | - | -€979 | |
| Other operating charges | 640/8 | €387 | €1,258 | +€871 | +225% |
| Gross operating margin | 9900 | €555,627 | €892,078 | +€336,451 | +60.6% |
| Operating profit (loss) | 9901 | €224,310 | €232,398 | +€8,088 | +3.6% |
| Financial income | 75/76B | €181 | €97 | -€84 | -46.4% |
| Recurring financial income | 75 | €181 | €97 | -€84 | -46.4% |
| Financial charges | 65/66B | €3,155 | €39,812 | +€36,657 | +1,162% |
| Recurring financial charges | 65 | €3,155 | €39,812 | +€36,657 | +1,162% |
| Profit (loss) for the period before taxes | 9903 | €221,336 | €192,683 | -€28,653 | -12.9% |
| Income taxes | 67/77 | €74,648 | €69,320 | -€5,327 | -7.1% |
| Profit (loss) for the period | 9904 | €146,689 | €123,363 | -€23,326 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €146,689 | €123,363 | -€23,326 | -15.9% |
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 23 October 2026 via checked.be.