VDB: what changed
VDB
Largest movements
- Receivables within one year +€124,939
up €124,939 (+337%), from €37,083 to €162,022
of which Trade receivables: +€62,916
- Cash +€19,963
up €19,963 (+66.6%), from €29,978 to €49,940
mainly Net result for the year (+€125,244) and Tax, wage and social debts (+€19,657)
- Profit (loss) carried forward +€125,244
up €125,244 (+275%), from €45,607 to €170,851
- Tax, wage and social debts +€19,657
up €19,657 (+99.0%), from €19,854 to €39,511
- Gross operating margin +€99,600
up €99,600 (+175%), from €57,016 to €156,615
- Taxes +€19,909
up €19,909 (+175%), from €11,402 to €31,311
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 | €67,060 | €211,962 | +€144,902 | +216% |
| Current assets | 29/58 | €67,060 | €211,962 | +€144,902 | +216% |
| Amounts receivable within one year | 40/41 | €37,083 | €162,022 | +€124,939 | +337% |
| Trade receivables | 40 | €7,698 | €70,614 | +€62,916 | +817% |
| Other amounts receivable | 41 | €29,385 | €91,408 | +€62,023 | +211% |
| Cash at bank and in hand | 54/58 | €29,978 | €49,940 | +€19,963 | +66.6% |
| Total equity and liabilities | 10/49 | €67,060 | €211,962 | +€144,902 | +216% |
| Equity | 10/15 | €47,207 | €172,451 | +€125,244 | +265% |
| Contributions | 10/11 | €1,600 | €1,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,607 | €170,851 | +€125,244 | +275% |
| Amounts payable | 17/49 | €19,854 | €39,511 | +€19,657 | +99.0% |
| Amounts payable within one year | 42/48 | €19,854 | €39,511 | +€19,657 | +99.0% |
| Taxes, remuneration and social security | 45 | €19,854 | €39,511 | +€19,657 | +99.0% |
| Taxes | 450/3 | €19,854 | €39,511 | +€19,657 | +99.0% |
| Gross operating margin | 9900 | €57,016 | €156,615 | +€99,600 | +175% |
| Operating profit (loss) | 9901 | €57,016 | €156,615 | +€99,600 | +175% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €23 | €60 | +€38 | +167% |
| Recurring financial charges | 65 | €23 | €60 | +€38 | +167% |
| Profit (loss) for the period before taxes | 9903 | €57,008 | €156,555 | +€99,547 | +175% |
| Income taxes | 67/77 | €11,402 | €31,311 | +€19,909 | +175% |
| Profit (loss) for the period | 9904 | €45,607 | €125,244 | +€79,638 | +175% |
| Profit (loss) for the period to be appropriated | 9905 | €45,607 | €125,244 | +€79,638 | +175% |
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 8 November 2026 via checked.be.