VDB Archimedes: 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 Archimedes
Largest movements
- Tangible fixed assets +€26,819
up €26,819 (+9.7%), from €277,792 to €304,610
- Cash +€13,476
up €13,476 (+13.1%), from €103,015 to €116,491
mainly Net result for the year (+€28,438) and Accrued charges and deferred income (+€6,740)
- Receivables within one year +€6,408
up €6,408 (+250%), from €2,567 to €8,975
of which Trade receivables: +€7,737
- Reserves +€28,438
up €28,438 (+19.8%), from €143,848 to €172,287
- Accrued charges and deferred income +€6,740
new in 2025: €6,740
- Trade debts +€6,473
up €6,473 (+1,561%), from €415 to €6,888
- Tax, wage and social debts +€5,051
new in 2025: €5,051
- Gross operating margin +€3,041
up €3,041 (+6.9%), from €44,346 to €47,388
- Depreciation +€1,954
up €1,954 (+590%), from €331 to €2,284
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 | €383,374 | €430,076 | +€46,702 | +12.2% |
| Fixed assets | 21/28 | €277,792 | €304,610 | +€26,819 | +9.7% |
| Tangible fixed assets | 22/27 | €277,792 | €304,610 | +€26,819 | +9.7% |
| Land and buildings | 22 | €277,792 | €304,610 | +€26,819 | +9.7% |
| Current assets | 29/58 | €105,582 | €125,465 | +€19,883 | +18.8% |
| Amounts receivable within one year | 40/41 | €2,567 | €8,975 | +€6,408 | +250% |
| Trade receivables | 40 | - | €7,737 | +€7,737 | |
| Other amounts receivable | 41 | €2,567 | €1,238 | -€1,329 | -51.8% |
| Cash at bank and in hand | 54/58 | €103,015 | €116,491 | +€13,476 | +13.1% |
| Total equity and liabilities | 10/49 | €383,374 | €430,076 | +€46,702 | +12.2% |
| Equity | 10/15 | €382,959 | €411,397 | +€28,438 | +7.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €220,519 | €220,519 | = | 0.0% |
| Reserves | 13 | €143,848 | €172,287 | +€28,438 | +19.8% |
| Distributable reserves | 133 | €143,848 | €172,287 | +€28,438 | +19.8% |
| Amounts payable | 17/49 | €415 | €18,678 | +€18,264 | +4,403% |
| Amounts payable within one year | 42/48 | €415 | €11,939 | +€11,524 | +2,778% |
| Trade debts | 44 | €415 | €6,888 | +€6,473 | +1,561% |
| Suppliers | 440/4 | €415 | €6,888 | +€6,473 | +1,561% |
| Taxes, remuneration and social security | 45 | - | €5,051 | +€5,051 | |
| Taxes | 450/3 | - | €5,051 | +€5,051 | |
| Accrued charges and deferred income | 492/3 | - | €6,740 | +€6,740 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €331 | €2,284 | +€1,954 | +590% |
| Other operating charges | 640/8 | €6,949 | €7,172 | +€222 | +3.2% |
| Gross operating margin | 9900 | €44,346 | €47,388 | +€3,041 | +6.9% |
| Operating profit (loss) | 9901 | €37,066 | €37,932 | +€866 | +2.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €189 | €14 | -€175 | -92.6% |
| Recurring financial charges | 65 | €189 | €14 | -€175 | -92.6% |
| Profit (loss) for the period before taxes | 9903 | €36,877 | €37,918 | +€1,041 | +2.8% |
| Income taxes | 67/77 | €9,219 | €9,479 | +€260 | +2.8% |
| Profit (loss) for the period | 9904 | €27,658 | €28,438 | +€781 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,658 | €28,438 | +€781 | +2.8% |
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 27 October 2026 via checked.be.