VDB ASSURFINANCE: 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 ASSURFINANCE
Largest movements
- Cash -€428,976
down €428,976 (-99.7%), from €430,232 to €1,256
mainly Advances received (-€430,492) and Debts after one year (-€52,988)
- Advances received -€430,492
no longer reported in 2025 (was €430,492)
- Other debts +€90,030
up €90,030 (+51.7%), from €174,179 to €264,209
- Debts after one year -€52,988
down €52,988 (-9.7%), from €545,008 to €492,020
- Profit (loss) carried forward -€38,948
down €38,948 (-30.0%), from €129,666 to €90,718
- Financial charges +€48,391
up €48,391 (+590%), from €8,205 to €56,596
of which Non-recurring financial charges: +€48,647
- Depreciation -€14,497
down €14,497 (-37.8%), from €38,325 to €23,828
- Gross operating margin -€4,896
down €4,896 (-9.9%), from €49,626 to €44,730
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 | €1,357,890 | €927,085 | -€430,805 | -31.7% |
| Fixed assets | 21/28 | €903,763 | €892,792 | -€10,971 | -1.2% |
| Tangible fixed assets | 22/27 | €278,763 | €267,792 | -€10,971 | -3.9% |
| Plant, machinery and equipment | 23 | €18,827 | €23,978 | +€5,150 | +27.4% |
| Leasing and similar rights | 25 | €259,935 | €243,814 | -€16,121 | -6.2% |
| Financial fixed assets | 28 | €625,000 | €625,000 | = | 0.0% |
| Current assets | 29/58 | €454,127 | €34,293 | -€419,835 | -92.4% |
| Amounts receivable within one year | 40/41 | €10,412 | €14,911 | +€4,499 | +43.2% |
| Trade receivables | 40 | €10,000 | €14,381 | +€4,381 | +43.8% |
| Other amounts receivable | 41 | €412 | €531 | +€118 | +28.7% |
| Cash at bank and in hand | 54/58 | €430,232 | €1,256 | -€428,976 | -99.7% |
| Deferred charges and accrued income | 490/1 | €13,483 | €18,126 | +€4,642 | +34.4% |
| Total equity and liabilities | 10/49 | €1,357,890 | €927,085 | -€430,805 | -31.7% |
| Equity | 10/15 | €150,126 | €111,178 | -€38,948 | -25.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,666 | €90,718 | -€38,948 | -30.0% |
| Amounts payable | 17/49 | €1,207,764 | €815,906 | -€391,858 | -32.4% |
| Amounts payable after more than one year | 17 | €545,008 | €492,020 | -€52,988 | -9.7% |
| Financial debts | 170/4 | €545,008 | €492,020 | -€52,988 | -9.7% |
| Amounts payable within one year | 42/48 | €637,807 | €299,015 | -€338,792 | -53.1% |
| Current portion of amounts payable after more than one year | 42 | €31,760 | €33,938 | +€2,178 | +6.9% |
| Trade debts | 44 | €1,376 | €868 | -€508 | -36.9% |
| Suppliers | 440/4 | €1,376 | €868 | -€508 | -36.9% |
| Advances received on contracts in progress | 46 | €430,492 | - | -€430,492 | |
| Other amounts payable | 47/48 | €174,179 | €264,209 | +€90,030 | +51.7% |
| Accrued charges and deferred income | 492/3 | €24,949 | €24,872 | -€77 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,325 | €23,828 | -€14,497 | -37.8% |
| Other operating charges | 640/8 | €4,395 | €4,531 | +€136 | +3.1% |
| Gross operating margin | 9900 | €49,626 | €44,730 | -€4,896 | -9.9% |
| Operating profit (loss) | 9901 | €6,906 | €16,371 | +€9,465 | +137% |
| Financial income | 75/76B | €1,378 | €1,278 | -€100 | -7.3% |
| Recurring financial income | 75 | €1,378 | €395 | -€983 | -71.4% |
| Non-recurring financial income | 76B | - | €883 | +€883 | |
| Financial charges | 65/66B | €8,205 | €56,596 | +€48,391 | +590% |
| Recurring financial charges | 65 | €8,205 | €7,950 | -€255 | -3.1% |
| Non-recurring financial charges | 66B | - | €48,647 | +€48,647 | |
| Profit (loss) for the period before taxes | 9903 | €79 | -€38,948 | -€39,027 | |
| Profit (loss) for the period | 9904 | €79 | -€38,948 | -€39,027 | |
| Profit (loss) for the period to be appropriated | 9905 | €79 | -€38,948 | -€39,027 |
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.