VD Projecten: 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 Projecten
Largest movements
- Receivables within one year -€6,070
down €6,070 (-82.2%), from €7,385 to €1,315
of which Trade receivables: -€5,016
- Tangible fixed assets +€1,938
up €1,938 (+185%), from €1,050 to €2,988
of which Furniture and vehicles: +€1,252
- Cash +€1,917
up €1,917 (+544%), from €352 to €2,270
mainly Receivables within one year (+€6,070) and Depreciation (+€3,262)
- Financial fixed assets -€400
down €400 (-100%), from €400 to €0
- Other debts -€5,297
down €5,297 (-15.7%), from €33,665 to €28,368
- Trade debts +€1,513
up €1,513 (+424%), from €357 to €1,870
- Profit (loss) carried forward +€1,169
up €1,169 (+3.5%), from -€33,382 to -€32,213
- Depreciation +€1,816
up €1,816 (+126%), from €1,446 to €3,262
- Gross operating margin -€1,095
down €1,095 (-15.7%), from €6,980 to €5,885
- Other operating charges -€86
down €86 (-7.2%), from €1,187 to €1,101
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 | €9,187 | €6,572 | -€2,615 | -28.5% |
| Fixed assets | 21/28 | €1,450 | €2,988 | +€1,538 | +106% |
| Tangible fixed assets | 22/27 | €1,050 | €2,988 | +€1,938 | +185% |
| Plant, machinery and equipment | 23 | - | €686 | +€686 | |
| Furniture and vehicles | 24 | €1,050 | €2,302 | +€1,252 | +119% |
| Financial fixed assets | 28 | €400 | €0 | -€400 | -100% |
| Current assets | 29/58 | €7,737 | €3,584 | -€4,153 | -53.7% |
| Amounts receivable within one year | 40/41 | €7,385 | €1,315 | -€6,070 | -82.2% |
| Trade receivables | 40 | €6,300 | €1,284 | -€5,016 | -79.6% |
| Other amounts receivable | 41 | €1,085 | €31 | -€1,055 | -97.2% |
| Cash at bank and in hand | 54/58 | €352 | €2,270 | +€1,917 | +544% |
| Total equity and liabilities | 10/49 | €9,187 | €6,572 | -€2,615 | -28.5% |
| Equity | 10/15 | -€25,308 | -€24,139 | +€1,169 | +4.6% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €1,868 | €1,868 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €8 | €8 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,382 | -€32,213 | +€1,169 | +3.5% |
| Amounts payable | 17/49 | €34,495 | €30,711 | -€3,784 | -11.0% |
| Amounts payable within one year | 42/48 | €34,495 | €30,711 | -€3,784 | -11.0% |
| Trade debts | 44 | €357 | €1,870 | +€1,513 | +424% |
| Suppliers | 440/4 | €357 | €1,870 | +€1,513 | +424% |
| Taxes, remuneration and social security | 45 | €473 | €473 | = | 0.0% |
| Taxes | 450/3 | €473 | €473 | = | 0.0% |
| Other amounts payable | 47/48 | €33,665 | €28,368 | -€5,297 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,446 | €3,262 | +€1,816 | +126% |
| Other operating charges | 640/8 | €1,187 | €1,101 | -€86 | -7.2% |
| Non-recurring operating charges | 66A | €53 | €0 | -€53 | -100% |
| Gross operating margin | 9900 | €6,980 | €5,885 | -€1,095 | -15.7% |
| Operating profit (loss) | 9901 | €4,294 | €1,522 | -€2,772 | -64.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -84.6% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -84.6% |
| Financial charges | 65/66B | €339 | €353 | +€14 | +4.1% |
| Recurring financial charges | 65 | €339 | €353 | +€14 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €3,955 | €1,169 | -€2,785 | -70.4% |
| Profit (loss) for the period | 9904 | €3,955 | €1,169 | -€2,785 | -70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,955 | €1,169 | -€2,785 | -70.4% |
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 17 October 2026 via checked.be.