VDB Enterprises: what changed
Two fiscal 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 Enterprises
Largest movements
- Receivables within one year +€37,155
up €37,155 (+88.7%), from €41,870 to €79,025
of which Trade receivables: +€36,300
- Cash +€20,348
up €20,348 (+6.0%), from €337,304 to €357,652
mainly Net result for the year (+€79,881) and Other debts (+€51,092)
- Tangible fixed assets -€18,608
down €18,608 (-28.7%), from €64,933 to €46,325
of which Furniture and vehicles: -€16,076
- Other debts +€51,092
up €51,092 (+19.2%), from €265,469 to €316,560
- Tax, wage and social debts -€9,875
down €9,875 (-10.4%), from €95,164 to €85,289
- Gross operating margin -€17,664
down €17,664 (-13.2%), from €134,225 to €116,560
- Financial income +€12,348
up €12,348 (+123476600.0%), from €0 to €12,348
- Other operating charges -€2,063
down €2,063 (-76.1%), from €2,711 to €647
- Taxes -€1,576
down €1,576 (-5.1%), from €30,741 to €29,164
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 | €445,202 | €484,160 | +€38,958 | +8.8% |
| Fixed assets | 21/28 | €64,933 | €46,325 | -€18,608 | -28.7% |
| Tangible fixed assets | 22/27 | €64,933 | €46,325 | -€18,608 | -28.7% |
| Land and buildings | 22 | €2,348 | €1,222 | -€1,126 | -47.9% |
| Plant, machinery and equipment | 23 | €2,221 | €815 | -€1,407 | -63.3% |
| Furniture and vehicles | 24 | €60,364 | €44,288 | -€16,076 | -26.6% |
| Current assets | 29/58 | €380,268 | €437,835 | +€57,566 | +15.1% |
| Amounts receivable within one year | 40/41 | €41,870 | €79,025 | +€37,155 | +88.7% |
| Trade receivables | 40 | €6,050 | €42,350 | +€36,300 | +600.0% |
| Other amounts receivable | 41 | €35,820 | €36,675 | +€855 | +2.4% |
| Cash at bank and in hand | 54/58 | €337,304 | €357,652 | +€20,348 | +6.0% |
| Deferred charges and accrued income | 490/1 | €1,095 | €1,158 | +€63 | +5.8% |
| Total equity and liabilities | 10/49 | €445,202 | €484,160 | +€38,958 | +8.8% |
| Equity | 10/15 | €84,173 | €81,881 | -€2,292 | -2.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €82,173 | €79,881 | -€2,292 | -2.8% |
| Distributable reserves | 133 | €82,173 | €79,881 | -€2,292 | -2.8% |
| Amounts payable | 17/49 | €361,028 | €402,278 | +€41,250 | +11.4% |
| Amounts payable within one year | 42/48 | €360,632 | €402,278 | +€41,646 | +11.5% |
| Trade debts | 44 | - | €430 | +€430 | |
| Suppliers | 440/4 | - | €430 | +€430 | |
| Taxes, remuneration and social security | 45 | €95,164 | €85,289 | -€9,875 | -10.4% |
| Taxes | 450/3 | €95,164 | €85,289 | -€9,875 | -10.4% |
| Other amounts payable | 47/48 | €265,469 | €316,560 | +€51,092 | +19.2% |
| Accrued charges and deferred income | 492/3 | €396 | - | -€396 | |
| Non-recurring operating income | 76A | €1,990 | €2,125 | +€135 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,103 | €18,608 | +€505 | +2.8% |
| Other operating charges | 640/8 | €2,711 | €647 | -€2,063 | -76.1% |
| Gross operating margin | 9900 | €134,225 | €116,560 | -€17,664 | -13.2% |
| Operating profit (loss) | 9901 | €113,411 | €97,305 | -€16,107 | -14.2% |
| Financial income | 75/76B | €0 | €12,348 | +€12,348 | +123476600.0% |
| Recurring financial income | 75 | €0 | €12,348 | +€12,348 | +123476600.0% |
| Financial charges | 65/66B | €497 | €607 | +€110 | +22.0% |
| Recurring financial charges | 65 | €497 | €607 | +€110 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €112,914 | €109,046 | -€3,869 | -3.4% |
| Income taxes | 67/77 | €30,741 | €29,164 | -€1,576 | -5.1% |
| Profit (loss) for the period | 9904 | €82,173 | €79,881 | -€2,292 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €82,173 | €79,881 | -€2,292 | -2.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.