VDB Advies: 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.
VDB Advies
Largest movements
- Cash +€9,585
up €9,585 (+86.5%), from €11,082 to €20,667
mainly Net result for the year (+€21,041) and Other debts (+€9,347)
- Tangible fixed assets -€7,642
down €7,642 (-23.0%), from €33,205 to €25,563
- Receivables within one year +€3,073
up €3,073 (+41.7%), from €7,367 to €10,440
- Other debts +€9,347
up €9,347 (+50.0%), from €18,695 to €28,041
- Debts after one year -€6,233
down €6,233 (-44.9%), from €13,896 to €7,664
- Tax, wage and social debts +€1,509
up €1,509 (+19.4%), from €7,787 to €9,296
- Gross operating margin +€3,563
up €3,563 (+10.1%), from €35,158 to €38,722
- Taxes +€971
up €971 (+15.3%), from €6,344 to €7,314
- Financial income -€659
down €659 (-84.2%), from €783 to €124
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 | €51,931 | €56,962 | +€5,031 | +9.7% |
| Fixed assets | 21/28 | €33,205 | €25,563 | -€7,642 | -23.0% |
| Tangible fixed assets | 22/27 | €33,205 | €25,563 | -€7,642 | -23.0% |
| Furniture and vehicles | 24 | €33,205 | €25,563 | -€7,642 | -23.0% |
| Current assets | 29/58 | €18,726 | €31,399 | +€12,672 | +67.7% |
| Amounts receivable within one year | 40/41 | €7,367 | €10,440 | +€3,073 | +41.7% |
| Trade receivables | 40 | €7,367 | €10,440 | +€3,073 | +41.7% |
| Cash at bank and in hand | 54/58 | €11,082 | €20,667 | +€9,585 | +86.5% |
| Deferred charges and accrued income | 490/1 | €278 | €292 | +€14 | +5.2% |
| Total equity and liabilities | 10/49 | €51,931 | €56,962 | +€5,031 | +9.7% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €46,931 | €51,962 | +€5,031 | +10.7% |
| Amounts payable after more than one year | 17 | €13,896 | €7,664 | -€6,233 | -44.9% |
| Financial debts | 170/4 | €13,896 | €7,664 | -€6,233 | -44.9% |
| Amounts payable within one year | 42/48 | €33,035 | €44,298 | +€11,263 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €5,938 | €6,233 | +€295 | +5.0% |
| Trade debts | 44 | €615 | €728 | +€113 | +18.4% |
| Suppliers | 440/4 | €615 | €728 | +€113 | +18.4% |
| Taxes, remuneration and social security | 45 | €7,787 | €9,296 | +€1,509 | +19.4% |
| Taxes | 450/3 | €7,787 | €9,296 | +€1,509 | +19.4% |
| Other amounts payable | 47/48 | €18,695 | €28,041 | +€9,347 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,716 | €7,642 | -€75 | -1.0% |
| Other operating charges | 640/8 | €1,397 | €1,244 | -€153 | -11.0% |
| Gross operating margin | 9900 | €35,158 | €38,722 | +€3,563 | +10.1% |
| Operating profit (loss) | 9901 | €26,045 | €29,836 | +€3,791 | +14.6% |
| Financial income | 75/76B | €783 | €124 | -€659 | -84.2% |
| Recurring financial income | 75 | €783 | €124 | -€659 | -84.2% |
| Financial charges | 65/66B | €1,790 | €1,604 | -€186 | -10.4% |
| Recurring financial charges | 65 | €1,790 | €1,604 | -€186 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €25,038 | €28,356 | +€3,317 | +13.2% |
| Income taxes | 67/77 | €6,344 | €7,314 | +€971 | +15.3% |
| Profit (loss) for the period | 9904 | €18,695 | €21,041 | +€2,347 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,695 | €21,041 | +€2,347 | +12.6% |
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 20 October 2026 via checked.be.