VDB Invest: 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 Invest
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€733
down €733 (-2.0%), from -€37,517 to -€38,251
- Other debts +€733
up €733 (+65.3%), from €1,123 to €1,857
- Gross operating margin -€150
down €150 (-235%), from -€64 to -€214
- Other operating charges +€17
up €17 (+3.4%), from €502 to €520
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Equity | 10/15 | -€1,123 | -€1,857 | -€733 | -65.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €17,794 | €17,794 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Legal reserve | 130 | €500 | - | -€500 | |
| Reserves not available under the articles | 1311 | - | €500 | +€500 | |
| Distributable reserves | 133 | €17,294 | €17,294 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,517 | -€38,251 | -€733 | -2.0% |
| Amounts payable | 17/49 | €1,123 | €1,857 | +€733 | +65.3% |
| Amounts payable within one year | 42/48 | €1,123 | €1,857 | +€733 | +65.3% |
| Other amounts payable | 47/48 | €1,123 | €1,857 | +€733 | +65.3% |
| Other operating charges | 640/8 | €502 | €520 | +€17 | +3.4% |
| Gross operating margin | 9900 | -€64 | -€214 | -€150 | -235% |
| Operating profit (loss) | 9901 | -€566 | -€733 | -€167 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | -€566 | -€733 | -€167 | -29.5% |
| Profit (loss) for the period | 9904 | -€566 | -€733 | -€167 | -29.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€566 | -€733 | -€167 | -29.5% |
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.