VD SPORT: what changed
VD SPORT
Largest movements
- Receivables within one year -€7,870
down €7,870 (-41.8%), from €18,846 to €10,976
- Tangible fixed assets +€3,576
new in 2025: €3,576
- Cash +€2,756
up €2,756 (+20.8%), from €13,265 to €16,021
mainly Receivables within one year (+€7,870) and Depreciation (+€894)
- Profit (loss) carried forward -€1,886
down €1,886 (-7.9%), from €23,873 to €21,987
- Trade debts +€348
up €348 (+150%), from €232 to €580
- Gross operating margin +€2,494
up €2,494, from -€2,308 to €186
- Depreciation +€894
new in 2025: €894
- Other operating charges -€113
down €113 (-10.9%), from €1,041 to €928
- Financial charges +€42
up €42 (+61.8%), from €68 to €110
- Taxes +€33
up €33 (+30.8%), from €107 to €140
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,165 | €30,627 | -€1,538 | -4.8% |
| Fixed assets | 21/28 | - | €3,576 | +€3,576 | |
| Tangible fixed assets | 22/27 | - | €3,576 | +€3,576 | |
| Furniture and vehicles | 24 | - | €3,576 | +€3,576 | |
| Current assets | 29/58 | €32,165 | €27,051 | -€5,114 | -15.9% |
| Amounts receivable within one year | 40/41 | €18,846 | €10,976 | -€7,870 | -41.8% |
| Other amounts receivable | 41 | €18,846 | €10,976 | -€7,870 | -41.8% |
| Cash at bank and in hand | 54/58 | €13,265 | €16,021 | +€2,756 | +20.8% |
| Deferred charges and accrued income | 490/1 | €54 | €54 | = | 0.0% |
| Total equity and liabilities | 10/49 | €32,165 | €30,627 | -€1,538 | -4.8% |
| Equity | 10/15 | €31,933 | €30,047 | -€1,886 | -5.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,873 | €21,987 | -€1,886 | -7.9% |
| Amounts payable | 17/49 | €232 | €580 | +€348 | +150% |
| Amounts payable within one year | 42/48 | €232 | €580 | +€348 | +150% |
| Trade debts | 44 | €232 | €580 | +€348 | +150% |
| Suppliers | 440/4 | €232 | €580 | +€348 | +150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €894 | +€894 | |
| Other operating charges | 640/8 | €1,041 | €928 | -€113 | -10.9% |
| Gross operating margin | 9900 | -€2,308 | €186 | +€2,494 | |
| Operating profit (loss) | 9901 | -€3,349 | -€1,636 | +€1,713 | +51.1% |
| Financial charges | 65/66B | €68 | €110 | +€42 | +61.8% |
| Recurring financial charges | 65 | €68 | €110 | +€42 | +61.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,417 | -€1,746 | +€1,671 | +48.9% |
| Income taxes | 67/77 | €107 | €140 | +€33 | +30.8% |
| Profit (loss) for the period | 9904 | -€3,524 | -€1,886 | +€1,638 | +46.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,524 | -€1,886 | +€1,638 | +46.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.