VDB-dakadvies: 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-dakadvies
Largest movements
- Receivables within one year +€29,604
up €29,604 (+166%), from €17,887 to €47,490
of which Other amounts receivable: +€23,796
- Cash -€13,569
down €13,569 (-3.6%), from €373,691 to €360,122
mainly Receivables within one year (-€29,604) and Tax, wage and social debts (-€22,360)
- Tax, wage and social debts -€22,360
down €22,360 (-81.7%), from €27,371 to €5,011
- Reserves +€19,770
up €19,770 (+5.5%), from €357,995 to €377,765
- Trade debts +€19,148
up €19,148 (+892%), from €2,147 to €21,295
- Gross operating margin -€149,755
down €149,755 (-83.3%), from €179,795 to €30,040
- Taxes -€42,473
down €42,473 (-80.7%), from €52,619 to €10,145
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 | €392,513 | €409,071 | +€16,558 | +4.2% |
| Fixed assets | 21/28 | €378 | €0 | -€378 | -100% |
| Tangible fixed assets | 22/27 | €378 | €0 | -€378 | -100% |
| Plant, machinery and equipment | 23 | €164 | €0 | -€164 | -100% |
| Furniture and vehicles | 24 | €214 | €0 | -€214 | -100% |
| Current assets | 29/58 | €392,135 | €409,071 | +€16,936 | +4.3% |
| Amounts receivable within one year | 40/41 | €17,887 | €47,490 | +€29,604 | +166% |
| Trade receivables | 40 | €1,131 | €6,939 | +€5,808 | +513% |
| Other amounts receivable | 41 | €16,755 | €40,551 | +€23,796 | +142% |
| Cash at bank and in hand | 54/58 | €373,691 | €360,122 | -€13,569 | -3.6% |
| Deferred charges and accrued income | 490/1 | €557 | €1,459 | +€902 | +162% |
| Total equity and liabilities | 10/49 | €392,513 | €409,071 | +€16,558 | +4.2% |
| Equity | 10/15 | €362,995 | €382,765 | +€19,770 | +5.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €357,995 | €377,765 | +€19,770 | +5.5% |
| Distributable reserves | 133 | €357,995 | €377,765 | +€19,770 | +5.5% |
| Amounts payable | 17/49 | €29,518 | €26,306 | -€3,212 | -10.9% |
| Amounts payable within one year | 42/48 | €29,518 | €26,306 | -€3,212 | -10.9% |
| Trade debts | 44 | €2,147 | €21,295 | +€19,148 | +892% |
| Suppliers | 440/4 | €2,147 | €21,295 | +€19,148 | +892% |
| Taxes, remuneration and social security | 45 | €27,371 | €5,011 | -€22,360 | -81.7% |
| Taxes | 450/3 | €27,371 | €5,011 | -€22,360 | -81.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,270 | €378 | -€892 | -70.2% |
| Other operating charges | 640/8 | €576 | €474 | -€102 | -17.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €179,795 | €30,040 | -€149,755 | -83.3% |
| Operating profit (loss) | 9901 | €177,949 | €29,188 | -€148,761 | -83.6% |
| Financial income | 75/76B | €840 | €940 | +€101 | +12.0% |
| Recurring financial income | 75 | €840 | €940 | +€101 | +12.0% |
| Financial charges | 65/66B | €483 | €213 | -€270 | -55.9% |
| Recurring financial charges | 65 | €483 | €213 | -€270 | -55.9% |
| Profit (loss) for the period before taxes | 9903 | €178,306 | €29,916 | -€148,391 | -83.2% |
| Income taxes | 67/77 | €52,619 | €10,145 | -€42,473 | -80.7% |
| Profit (loss) for the period | 9904 | €125,688 | €19,770 | -€105,917 | -84.3% |
| Profit (loss) for the period to be appropriated | 9905 | €125,688 | €19,770 | -€105,917 | -84.3% |
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 18 October 2026 via checked.be.