VDAS Accountancy: 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 Accountancy
Largest movements
- Receivables within one year +€201,958
up €201,958 (+736%), from €27,430 to €229,388
of which Other amounts receivable: +€198,376
- Receivables after one year -€100,000
no longer reported in 2025 (was €100,000)
- Tangible fixed assets +€29,900
up €29,900 (+8,873%), from €337 to €30,237
of which Other tangible fixed assets: +€23,714
- Cash +€5,211
up €5,211 (+7.1%), from €73,789 to €79,000
mainly Net result for the year (+€122,272) and Receivables after one year (+€100,000)
- Reserves +€122,272
up €122,272 (+75.8%), from €161,282 to €283,554
- Tax, wage and social debts +€15,280
up €15,280 (+38.3%), from €39,931 to €55,211
- Gross operating margin +€38,396
up €38,396 (+33.1%), from €115,835 to €154,231
- Taxes +€9,352
up €9,352 (+35.4%), from €26,388 to €35,740
- Financial income +€6,769
up €6,769 (+319%), from €2,123 to €8,892
- Depreciation +€3,691
up €3,691 (+1,089%), from €339 to €4,030
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 | €204,994 | €340,184 | +€135,191 | +65.9% |
| Fixed assets | 21/28 | €337 | €30,237 | +€29,900 | +8,873% |
| Tangible fixed assets | 22/27 | €337 | €30,237 | +€29,900 | +8,873% |
| Furniture and vehicles | 24 | €337 | €6,522 | +€6,185 | +1,836% |
| Other tangible fixed assets | 26 | - | €23,714 | +€23,714 | |
| Current assets | 29/58 | €204,657 | €309,947 | +€105,291 | +51.4% |
| Amounts receivable after more than one year | 29 | €100,000 | - | -€100,000 | |
| Other amounts receivable | 291 | €100,000 | - | -€100,000 | |
| Amounts receivable within one year | 40/41 | €27,430 | €229,388 | +€201,958 | +736% |
| Trade receivables | 40 | €27,430 | €31,012 | +€3,582 | +13.1% |
| Other amounts receivable | 41 | - | €198,376 | +€198,376 | |
| Cash at bank and in hand | 54/58 | €73,789 | €79,000 | +€5,211 | +7.1% |
| Deferred charges and accrued income | 490/1 | €3,438 | €1,559 | -€1,878 | -54.6% |
| Total equity and liabilities | 10/49 | €204,994 | €340,184 | +€135,191 | +65.9% |
| Equity | 10/15 | €161,782 | €284,054 | +€122,272 | +75.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €161,282 | €283,554 | +€122,272 | +75.8% |
| Distributable reserves | 133 | €161,282 | €283,554 | +€122,272 | +75.8% |
| Amounts payable | 17/49 | €43,212 | €56,131 | +€12,919 | +29.9% |
| Amounts payable within one year | 42/48 | €43,212 | €56,131 | +€12,919 | +29.9% |
| Trade debts | 44 | €2,547 | €920 | -€1,627 | -63.9% |
| Suppliers | 440/4 | €2,547 | €920 | -€1,627 | -63.9% |
| Taxes, remuneration and social security | 45 | €39,931 | €55,211 | +€15,280 | +38.3% |
| Taxes | 450/3 | €39,931 | €55,211 | +€15,280 | +38.3% |
| Other amounts payable | 47/48 | €734 | - | -€734 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €339 | €4,030 | +€3,691 | +1,089% |
| Other operating charges | 640/8 | €587 | €810 | +€223 | +37.9% |
| Gross operating margin | 9900 | €115,835 | €154,231 | +€38,396 | +33.1% |
| Operating profit (loss) | 9901 | €114,909 | €149,392 | +€34,483 | +30.0% |
| Financial income | 75/76B | €2,123 | €8,892 | +€6,769 | +319% |
| Recurring financial income | 75 | €2,123 | €8,892 | +€6,769 | +319% |
| Financial charges | 65/66B | €350 | €273 | -€77 | -22.1% |
| Recurring financial charges | 65 | €350 | €273 | -€77 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €116,682 | €158,011 | +€41,329 | +35.4% |
| Income taxes | 67/77 | €26,388 | €35,740 | +€9,352 | +35.4% |
| Profit (loss) for the period | 9904 | €90,294 | €122,272 | +€31,977 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €90,294 | €122,272 | +€31,977 | +35.4% |
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 30 October 2026 via checked.be.