VDB Andries: 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 Andries
Largest movements
- Cash +€5,413
up €5,413 (+28.9%), from €18,742 to €24,155
mainly Net result for the year (+€10,468) and Trade debts (+€7,092)
- Debts after one year -€20,109
down €20,109 (-27.6%), from €72,927 to €52,818
- Profit (loss) carried forward +€10,468
up €10,468 (+12.9%), from €81,170 to €91,638
- Trade debts +€7,092
up €7,092 (+349.1%), from €2,031 to €9,123
- Short-term financial debts +€3,353
new in 2025: €3,353
- Accrued charges and deferred income +€2,575
new in 2025: €2,575
- Gross operating margin -€5,139
down €5,139 (-16.7%), from €30,847 to €25,708
- Financial charges +€2,065
up €2,065 (+25.1%), from €8,213 to €10,278
- Taxes -€542
down €542 (-11.5%), from €4,725 to €4,183
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
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 | €232,355 | €238,050 | +€5,695 | +2.5% |
| Fixed assets | 21/28 | €187,501 | €187,501 | = | 0.0% |
| Financial fixed assets | 28 | €187,501 | €187,501 | = | 0.0% |
| Current assets | 29/58 | €44,854 | €50,549 | +€5,695 | +12.7% |
| Amounts receivable within one year | 40/41 | €26,112 | €26,394 | +€282 | +1.1% |
| Trade receivables | 40 | €20,570 | €20,570 | = | 0.0% |
| Other amounts receivable | 41 | €5,542 | €5,824 | +€282 | +5.1% |
| Cash at bank and in hand | 54/58 | €18,742 | €24,155 | +€5,413 | +28.9% |
| Total equity and liabilities | 10/49 | €232,355 | €238,050 | +€5,695 | +2.5% |
| Equity | 10/15 | €96,170 | €106,638 | +€10,468 | +10.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,170 | €91,638 | +€10,468 | +12.9% |
| Amounts payable | 17/49 | €136,185 | €131,412 | -€4,774 | -3.5% |
| Amounts payable after more than one year | 17 | €72,927 | €52,818 | -€20,109 | -27.6% |
| Financial debts | 170/4 | €72,927 | €52,818 | -€20,109 | -27.6% |
| Amounts payable within one year | 42/48 | €63,258 | €76,019 | +€12,761 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €19,551 | €20,109 | +€558 | +2.9% |
| Financial debts | 43 | - | €3,353 | +€3,353 | |
| Credit institutions | 430/8 | - | €3,353 | +€3,353 | |
| Trade debts | 44 | €2,031 | €9,123 | +€7,092 | +349.1% |
| Suppliers | 440/4 | €2,031 | €9,123 | +€7,092 | +349.1% |
| Taxes, remuneration and social security | 45 | €1,241 | €2,907 | +€1,665 | +134.1% |
| Taxes | 450/3 | €1,241 | €2,907 | +€1,665 | +134.1% |
| Other amounts payable | 47/48 | €40,435 | €40,527 | +€92 | +0.2% |
| Accrued charges and deferred income | 492/3 | - | €2,575 | +€2,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €809 | €779 | -€30 | -3.8% |
| Gross operating margin | 9900 | €30,847 | €25,708 | -€5,139 | -16.7% |
| Operating profit (loss) | 9901 | €30,038 | €24,929 | -€5,109 | -17.0% |
| Financial charges | 65/66B | €8,213 | €10,278 | +€2,065 | +25.1% |
| Recurring financial charges | 65 | €8,213 | €10,278 | +€2,065 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €21,825 | €14,651 | -€7,173 | -32.9% |
| Income taxes | 67/77 | €4,725 | €4,183 | -€542 | -11.5% |
| Profit (loss) for the period | 9904 | €17,100 | €10,468 | -€6,632 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,100 | €10,468 | -€6,632 | -38.8% |
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.