VDB Chocolats: 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 Chocolats
Largest movements
- Tangible fixed assets +€953,329
up €953,329 (+1,057%), from €90,200 to €1.0m
of which Land and buildings: +€908,629
- Cash -€156,840
down €156,840 (-61.7%), from €254,251 to €97,411
mainly Investment in fixed assets (net) (-€1.1m) and Deferred charges and accrued income (-€26,543)
- Deferred charges and accrued income +€26,543
up €26,543 (+432%), from €6,141 to €32,684
- Stocks and contracts +€13,327
up €13,327 (+50.8%), from €26,236 to €39,563
- Debts after one year +€827,644
new in 2025: €827,644
- Trade debts +€25,271
up €25,271 (+1,496%), from €1,689 to €26,960
- Advances received +€22,184
up €22,184 (+8,052%), from €276 to €22,460
- Accrued charges and deferred income -€20,784
down €20,784 (-88.6%), from €23,461 to €2,677
- Depreciation +€146,130
up €146,130 (+473%), from €30,895 to €177,026
- Gross operating margin +€107,264
up €107,264 (+60.0%), from €178,757 to €286,020
- Staff costs +€38,885
up €38,885 (+73.9%), from €52,620 to €91,505
- Financial charges +€24,059
up €24,059 (+16,456%), from €146 to €24,205
- Taxes -€18,352
down €18,352 (-100.0%), from €18,352 to €0
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 | €405,580 | €1,251,042 | +€845,462 | +208% |
| Fixed assets | 21/28 | €108,200 | €1,061,979 | +€953,779 | +881% |
| Tangible fixed assets | 22/27 | €90,200 | €1,043,529 | +€953,329 | +1,057% |
| Land and buildings | 22 | - | €908,629 | +€908,629 | |
| Plant, machinery and equipment | 23 | €57,827 | €108,114 | +€50,287 | +87.0% |
| Furniture and vehicles | 24 | €32,373 | €26,786 | -€5,587 | -17.3% |
| Financial fixed assets | 28 | €18,000 | €18,450 | +€450 | +2.5% |
| Current assets | 29/58 | €297,380 | €189,063 | -€108,317 | -36.4% |
| Stocks and contracts in progress | 3 | €26,236 | €39,563 | +€13,327 | +50.8% |
| Stocks | 30/36 | €26,236 | €39,563 | +€13,327 | +50.8% |
| Amounts receivable within one year | 40/41 | €10,752 | €19,405 | +€8,653 | +80.5% |
| Trade receivables | 40 | €9,556 | €8,069 | -€1,487 | -15.6% |
| Other amounts receivable | 41 | €1,196 | €11,336 | +€10,140 | +848% |
| Cash at bank and in hand | 54/58 | €254,251 | €97,411 | -€156,840 | -61.7% |
| Deferred charges and accrued income | 490/1 | €6,141 | €32,684 | +€26,543 | +432% |
| Total equity and liabilities | 10/49 | €405,580 | €1,251,042 | +€845,462 | +208% |
| Equity | 10/15 | €108,740 | €98,977 | -€9,763 | -9.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €78,740 | €78,740 | = | 0.0% |
| Distributable reserves | 133 | €78,740 | €78,740 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€9,763 | -€9,763 | |
| Amounts payable | 17/49 | €296,840 | €1,152,065 | +€855,225 | +288% |
| Amounts payable after more than one year | 17 | - | €827,644 | +€827,644 | |
| Financial debts | 170/4 | - | €827,644 | +€827,644 | |
| Amounts payable within one year | 42/48 | €273,379 | €321,744 | +€48,365 | +17.7% |
| Trade debts | 44 | €1,689 | €26,960 | +€25,271 | +1,496% |
| Suppliers | 440/4 | €1,689 | €26,960 | +€25,271 | +1,496% |
| Advances received on contracts in progress | 46 | €276 | €22,460 | +€22,184 | +8,052% |
| Taxes, remuneration and social security | 45 | €22,042 | €16,057 | -€5,985 | -27.2% |
| Taxes | 450/3 | €13,924 | €563 | -€13,362 | -96.0% |
| Remuneration and social security | 454/9 | €8,118 | €15,494 | +€7,376 | +90.9% |
| Other amounts payable | 47/48 | €249,372 | €256,267 | +€6,895 | +2.8% |
| Accrued charges and deferred income | 492/3 | €23,461 | €2,677 | -€20,784 | -88.6% |
| Remuneration, social security and pensions | 62 | €52,620 | €91,505 | +€38,885 | +73.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,895 | €177,026 | +€146,130 | +473% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,389 | - | -€4,389 | |
| Other operating charges | 640/8 | €3,080 | €3,192 | +€112 | +3.6% |
| Gross operating margin | 9900 | €178,757 | €286,020 | +€107,264 | +60.0% |
| Operating profit (loss) | 9901 | €87,773 | €14,298 | -€73,475 | -83.7% |
| Financial income | 75/76B | €45 | €144 | +€99 | +217% |
| Recurring financial income | 75 | €45 | €144 | +€99 | +217% |
| Financial charges | 65/66B | €146 | €24,205 | +€24,059 | +16,456% |
| Recurring financial charges | 65 | €146 | €24,205 | +€24,059 | +16,456% |
| Profit (loss) for the period before taxes | 9903 | €87,672 | -€9,763 | -€97,435 | |
| Income taxes | 67/77 | €18,352 | €0 | -€18,352 | -100.0% |
| Profit (loss) for the period | 9904 | €69,320 | -€9,763 | -€79,083 | |
| Profit (loss) for the period to be appropriated | 9905 | €69,320 | -€9,763 | -€79,083 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.