VdA-X-PERT: 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.
VdA-X-PERT
Largest movements
- Receivables within one year +€17,771
up €17,771 (+36.1%), from €49,272 to €67,043
of which Other amounts receivable: +€15,729
- Cash +€17,183
up €17,183 (+56.1%), from €30,655 to €47,838
mainly Net result for the year (+€42,508) and Depreciation (+€5,873)
- Tangible fixed assets +€7,613
up €7,613 (+79.3%), from €9,599 to €17,212
of which Plant, machinery and equipment: +€4,290
- Profit (loss) carried forward +€42,508
up €42,508 (+22.8%), from €186,451 to €228,959
- Gross operating margin +€29,844
up €29,844 (+79.7%), from €37,436 to €67,280
- Taxes +€6,934
up €6,934 (+74.4%), from €9,317 to €16,252
- Financial charges +€1,439
up €1,439 (+119%), from €1,208 to €2,647
- Depreciation +€1,294
up €1,294 (+28.3%), from €4,579 to €5,873
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 | €218,606 | €262,480 | +€43,874 | +20.1% |
| Fixed assets | 21/28 | €129,599 | €137,212 | +€7,613 | +5.9% |
| Tangible fixed assets | 22/27 | €9,599 | €17,212 | +€7,613 | +79.3% |
| Land and buildings | 22 | €6,439 | €9,762 | +€3,323 | +51.6% |
| Plant, machinery and equipment | 23 | €3,161 | €7,450 | +€4,290 | +136% |
| Financial fixed assets | 28 | €120,000 | €120,000 | = | 0.0% |
| Current assets | 29/58 | €89,006 | €125,267 | +€36,261 | +40.7% |
| Amounts receivable within one year | 40/41 | €49,272 | €67,043 | +€17,771 | +36.1% |
| Trade receivables | 40 | €7,618 | €9,660 | +€2,042 | +26.8% |
| Other amounts receivable | 41 | €41,654 | €57,383 | +€15,729 | +37.8% |
| Cash at bank and in hand | 54/58 | €30,655 | €47,838 | +€17,183 | +56.1% |
| Deferred charges and accrued income | 490/1 | €9,079 | €10,386 | +€1,306 | +14.4% |
| Total equity and liabilities | 10/49 | €218,606 | €262,480 | +€43,874 | +20.1% |
| Equity | 10/15 | €208,451 | €250,959 | +€42,508 | +20.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €186,451 | €228,959 | +€42,508 | +22.8% |
| Amounts payable | 17/49 | €10,155 | €11,520 | +€1,365 | +13.4% |
| Amounts payable within one year | 42/48 | €9,345 | €11,491 | +€2,146 | +23.0% |
| Trade debts | 44 | €2,412 | €4,288 | +€1,877 | +77.8% |
| Suppliers | 440/4 | €2,412 | €4,288 | +€1,877 | +77.8% |
| Taxes, remuneration and social security | 45 | €6,933 | €7,203 | +€269 | +3.9% |
| Taxes | 450/3 | €6,933 | €7,203 | +€269 | +3.9% |
| Accrued charges and deferred income | 492/3 | €810 | €29 | -€781 | -96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,579 | €5,873 | +€1,294 | +28.3% |
| Other operating charges | 640/8 | €118 | - | -€118 | |
| Gross operating margin | 9900 | €37,436 | €67,280 | +€29,844 | +79.7% |
| Operating profit (loss) | 9901 | €32,739 | €61,407 | +€28,668 | +87.6% |
| Financial charges | 65/66B | €1,208 | €2,647 | +€1,439 | +119% |
| Recurring financial charges | 65 | €1,208 | €2,647 | +€1,439 | +119% |
| Profit (loss) for the period before taxes | 9903 | €31,531 | €58,760 | +€27,229 | +86.4% |
| Income taxes | 67/77 | €9,317 | €16,252 | +€6,934 | +74.4% |
| Profit (loss) for the period | 9904 | €22,214 | €42,508 | +€20,295 | +91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,214 | €42,508 | +€20,295 | +91.4% |
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 16 October 2026 via checked.be.