VDB-construct: 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-construct
Largest movements
- Receivables within one year +€7,590
up €7,590 (+72.1%), from €10,531 to €18,121
of which Other amounts receivable: +€4,035
- Tangible fixed assets -€526
down €526 (-34.1%), from €1,542 to €1,015
- Reserves +€6,712
up €6,712 (+87.4%), from €7,681 to €14,393
- Trade debts +€2,535
up €2,535 (+46.7%), from €5,427 to €7,962
- Tax, wage and social debts -€2,078
down €2,078 (-45.4%), from €4,578 to €2,500
of which Remuneration and social security: -€2,178
- Taxes +€742
up €742 (+30.9%), from €2,400 to €3,142
- Depreciation +€314
up €314 (+147.7%), from €212 to €526
- Financial income +€287
up €287 (+143.5%), from €200 to €487
- Financial charges +€239
new in 2025: €239
- Other operating charges -€204
down €204 (-30.3%), from €674 to €470
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 | €19,186 | €26,355 | +€7,169 | +37.4% |
| Fixed assets | 21/28 | €1,542 | €1,015 | -€526 | -34.1% |
| Tangible fixed assets | 22/27 | €1,542 | €1,015 | -€526 | -34.1% |
| Plant, machinery and equipment | 23 | €1,542 | €1,015 | -€526 | -34.1% |
| Current assets | 29/58 | €17,644 | €25,340 | +€7,695 | +43.6% |
| Amounts receivable within one year | 40/41 | €10,531 | €18,121 | +€7,590 | +72.1% |
| Trade receivables | 40 | €1,960 | €5,515 | +€3,555 | +181.4% |
| Other amounts receivable | 41 | €8,571 | €12,606 | +€4,035 | +47.1% |
| Cash at bank and in hand | 54/58 | €7,113 | €7,218 | +€105 | +1.5% |
| Total equity and liabilities | 10/49 | €19,186 | €26,355 | +€7,169 | +37.4% |
| Equity | 10/15 | €9,181 | €15,893 | +€6,712 | +73.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €7,681 | €14,393 | +€6,712 | +87.4% |
| Distributable reserves | 133 | €7,681 | €14,393 | +€6,712 | +87.4% |
| Amounts payable | 17/49 | €10,005 | €10,462 | +€457 | +4.6% |
| Amounts payable within one year | 42/48 | €10,005 | €10,462 | +€457 | +4.6% |
| Trade debts | 44 | €5,427 | €7,962 | +€2,535 | +46.7% |
| Suppliers | 440/4 | €5,427 | €7,962 | +€2,535 | +46.7% |
| Taxes, remuneration and social security | 45 | €4,578 | €2,500 | -€2,078 | -45.4% |
| Taxes | 450/3 | €2,400 | €2,500 | +€100 | +4.2% |
| Remuneration and social security | 454/9 | €2,178 | - | -€2,178 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €212 | €526 | +€314 | +147.7% |
| Other operating charges | 640/8 | €674 | €470 | -€204 | -30.3% |
| Gross operating margin | 9900 | €10,767 | €10,602 | -€166 | -1.5% |
| Operating profit (loss) | 9901 | €9,881 | €9,606 | -€275 | -2.8% |
| Financial income | 75/76B | €200 | €487 | +€287 | +143.5% |
| Recurring financial income | 75 | €200 | €487 | +€287 | +143.5% |
| Financial charges | 65/66B | - | €239 | +€239 | |
| Recurring financial charges | 65 | - | €239 | +€239 | |
| Profit (loss) for the period before taxes | 9903 | €10,081 | €9,854 | -€227 | -2.3% |
| Income taxes | 67/77 | €2,400 | €3,142 | +€742 | +30.9% |
| Profit (loss) for the period | 9904 | €7,681 | €6,712 | -€969 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,681 | €6,712 | -€969 | -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 10 October 2026 via checked.be.