VDAS: 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.
VDAS
Largest movements
- Receivables within one year +€4,038
up €4,038 (+191.1%), from €2,113 to €6,151
of which Trade receivables: +€2,614
- Tangible fixed assets +€2,640
new in 2025: €2,640
- Deferred charges and accrued income -€372
down €372 (-79.5%), from €468 to €96
- Profit (loss) carried forward +€21,118
up €21,118 (+44.4%), from -€47,531 to -€26,413
- Debts after one year -€5,670
no longer reported in 2025 (was €5,670)
- Current portion of long-term debt -€5,036
down €5,036 (-47.0%), from €10,706 to €5,670
- Other debts -€4,029
no longer reported in 2025 (was €4,029)
- Tax, wage and social debts -€2,162
down €2,162 (-60.0%), from €3,602 to €1,440
- Gross operating margin -€6,437
down €6,437 (-21.2%), from €30,327 to €23,890
- Other operating charges -€1,111
down €1,111 (-64.5%), from €1,723 to €612
- Financial charges -€1,094
down €1,094 (-40.1%), from €2,727 to €1,633
- Depreciation +€537
new in 2025: €537
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,581 | €8,887 | +€6,306 | +244.3% |
| Fixed assets | 21/28 | - | €2,640 | +€2,640 | |
| Tangible fixed assets | 22/27 | - | €2,640 | +€2,640 | |
| Furniture and vehicles | 24 | - | €2,640 | +€2,640 | |
| Current assets | 29/58 | €2,581 | €6,247 | +€3,666 | +142.0% |
| Amounts receivable within one year | 40/41 | €2,113 | €6,151 | +€4,038 | +191.1% |
| Trade receivables | 40 | €2,113 | €4,728 | +€2,614 | +123.7% |
| Other amounts receivable | 41 | - | €1,423 | +€1,423 | |
| Deferred charges and accrued income | 490/1 | €468 | €96 | -€372 | -79.5% |
| Total equity and liabilities | 10/49 | €2,581 | €8,887 | +€6,306 | +244.3% |
| Equity | 10/15 | -€35,131 | -€14,013 | +€21,118 | +60.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,531 | -€26,413 | +€21,118 | +44.4% |
| Amounts payable | 17/49 | €37,712 | €22,900 | -€14,812 | -39.3% |
| Amounts payable after more than one year | 17 | €5,670 | - | -€5,670 | |
| Financial debts | 170/4 | €5,670 | - | -€5,670 | |
| Amounts payable within one year | 42/48 | €32,042 | €22,900 | -€9,142 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €10,706 | €5,670 | -€5,036 | -47.0% |
| Financial debts | 43 | €4,625 | €4,704 | +€79 | +1.7% |
| Credit institutions | 430/8 | €4,625 | €4,704 | +€79 | +1.7% |
| Trade debts | 44 | €9,079 | €11,085 | +€2,007 | +22.1% |
| Suppliers | 440/4 | €9,079 | €11,085 | +€2,007 | +22.1% |
| Taxes, remuneration and social security | 45 | €3,602 | €1,440 | -€2,162 | -60.0% |
| Taxes | 450/3 | €3,602 | €1,440 | -€2,162 | -60.0% |
| Other amounts payable | 47/48 | €4,029 | - | -€4,029 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €537 | +€537 | |
| Other operating charges | 640/8 | €1,723 | €612 | -€1,111 | -64.5% |
| Gross operating margin | 9900 | €30,327 | €23,890 | -€6,437 | -21.2% |
| Operating profit (loss) | 9901 | €28,604 | €22,741 | -€5,863 | -20.5% |
| Financial income | 75/76B | €39 | €10 | -€29 | -74.6% |
| Recurring financial income | 75 | €39 | €10 | -€29 | -74.6% |
| Financial charges | 65/66B | €2,727 | €1,633 | -€1,094 | -40.1% |
| Recurring financial charges | 65 | €2,727 | €1,633 | -€1,094 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | €25,916 | €21,118 | -€4,798 | -18.5% |
| Profit (loss) for the period | 9904 | €25,916 | €21,118 | -€4,798 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,916 | €21,118 | -€4,798 | -18.5% |
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 10 October 2026 via checked.be.