VD-SOFT: 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-SOFT
Largest movements
- Cash +€69,810
up €69,810 (+147%), from €47,443 to €117,253
mainly Net result for the year (+€79,448) and Depreciation (+€6,053)
- Tangible fixed assets +€5,464
up €5,464 (+33.4%), from €16,375 to €21,839
of which Furniture and vehicles: +€6,872
- Deferred charges and accrued income -€2,736
down €2,736 (-35.5%), from €7,714 to €4,978
- Receivables within one year +€1,817
up €1,817 (+9.0%), from €20,289 to €22,107
- Reserves +€78,589
up €78,589 (+154%), from €51,044 to €129,633
- Other debts -€7,415
down €7,415 (-74.5%), from €9,953 to €2,538
- Tax, wage and social debts +€2,915
up €2,915 (+10.2%), from €28,596 to €31,512
of which Taxes: +€5,715
- Gross operating margin +€37,929
up €37,929 (+53.7%), from €70,666 to €108,595
- Depreciation +€4,807
up €4,807 (+386%), from €1,246 to €6,053
- Taxes +€3,739
up €3,739 (+21.7%), from €17,207 to €20,946
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 | €91,913 | €166,268 | +€74,355 | +80.9% |
| Fixed assets | 21/28 | €16,467 | €21,930 | +€5,464 | +33.2% |
| Tangible fixed assets | 22/27 | €16,375 | €21,839 | +€5,464 | +33.4% |
| Furniture and vehicles | 24 | €4,622 | €11,494 | +€6,872 | +149% |
| Other tangible fixed assets | 26 | €11,753 | €10,344 | -€1,408 | -12.0% |
| Financial fixed assets | 28 | €92 | €92 | = | 0.0% |
| Current assets | 29/58 | €75,447 | €144,338 | +€68,891 | +91.3% |
| Amounts receivable within one year | 40/41 | €20,289 | €22,107 | +€1,817 | +9.0% |
| Trade receivables | 40 | €20,289 | €22,107 | +€1,817 | +9.0% |
| Cash at bank and in hand | 54/58 | €47,443 | €117,253 | +€69,810 | +147% |
| Deferred charges and accrued income | 490/1 | €7,714 | €4,978 | -€2,736 | -35.5% |
| Total equity and liabilities | 10/49 | €91,913 | €166,268 | +€74,355 | +80.9% |
| Equity | 10/15 | €52,544 | €131,133 | +€78,589 | +150% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €51,044 | €129,633 | +€78,589 | +154% |
| Distributable reserves | 133 | €51,044 | €129,633 | +€78,589 | +154% |
| Amounts payable | 17/49 | €39,369 | €35,135 | -€4,234 | -10.8% |
| Amounts payable within one year | 42/48 | €39,369 | €35,135 | -€4,234 | -10.8% |
| Trade debts | 44 | €819 | €1,085 | +€265 | +32.4% |
| Suppliers | 440/4 | €819 | €1,085 | +€265 | +32.4% |
| Taxes, remuneration and social security | 45 | €28,596 | €31,512 | +€2,915 | +10.2% |
| Taxes | 450/3 | €25,796 | €31,512 | +€5,715 | +22.2% |
| Remuneration and social security | 454/9 | €2,800 | - | -€2,800 | |
| Other amounts payable | 47/48 | €9,953 | €2,538 | -€7,415 | -74.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,246 | €6,053 | +€4,807 | +386% |
| Other operating charges | 640/8 | €541 | €508 | -€33 | -6.1% |
| Gross operating margin | 9900 | €70,666 | €108,595 | +€37,929 | +53.7% |
| Operating profit (loss) | 9901 | €68,879 | €102,034 | +€33,155 | +48.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €628 | €1,640 | +€1,012 | +161% |
| Recurring financial charges | 65 | €628 | €1,640 | +€1,012 | +161% |
| Profit (loss) for the period before taxes | 9903 | €68,252 | €100,394 | +€32,142 | +47.1% |
| Income taxes | 67/77 | €17,207 | €20,946 | +€3,739 | +21.7% |
| Profit (loss) for the period | 9904 | €51,044 | €79,448 | +€28,404 | +55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,044 | €79,448 | +€28,404 | +55.6% |
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 20 October 2026 via checked.be.