VDB LADDERLIFTEN: what changed
VDB LADDERLIFTEN
Largest movements
- Tangible fixed assets -€29,521
down €29,521 (-69.8%), from €42,263 to €12,742
of which Furniture and vehicles: -€21,985
- Receivables within one year +€24,473
up €24,473 (+308%), from €7,946 to €32,420
of which Trade receivables: +€25,366
- Financial fixed assets -€4,425
down €4,425 (-95.7%), from €4,625 to €200
- Cash -€1,431
down €1,431 (-24.2%), from €5,927 to €4,495
mainly Receivables within one year (-€24,473) and Net result for the year (-€16,607)
- Profit (loss) carried forward -€16,607
down €16,607, from €10,500 to -€6,107
- Trade debts +€8,202
up €8,202 (+32.1%), from €25,529 to €33,731
- Debts after one year +€6,440
up €6,440 (+136%), from €4,747 to €11,187
- Current portion of long-term debt -€4,974
down €4,974 (-62.8%), from €7,926 to €2,952
- Tax, wage and social debts -€2,672
down €2,672 (-41.8%), from €6,395 to €3,723
of which Taxes: -€2,527
- Gross operating margin -€25,414
down €25,414, from €24,994 to -€419
- Staff costs -€5,338
no longer reported in 2025 (was €5,338)
- Depreciation +€1,239
up €1,239 (+12.5%), from €9,907 to €11,146
- Financial charges -€1,035
down €1,035 (-18.5%), from €5,593 to €4,559
- Other operating charges -€468
down €468 (-48.5%), from €964 to €496
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,781 | €79,864 | -€10,917 | -12.0% |
| Fixed assets | 21/28 | €76,888 | €42,942 | -€33,946 | -44.1% |
| Intangible fixed assets | 21 | €30,000 | €30,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €42,263 | €12,742 | -€29,521 | -69.8% |
| Plant, machinery and equipment | 23 | €922 | €153 | -€768 | -83.4% |
| Furniture and vehicles | 24 | €21,985 | - | -€21,985 | |
| Other tangible fixed assets | 26 | €19,357 | €12,589 | -€6,767 | -35.0% |
| Financial fixed assets | 28 | €4,625 | €200 | -€4,425 | -95.7% |
| Current assets | 29/58 | €13,893 | €36,921 | +€23,028 | +166% |
| Amounts receivable within one year | 40/41 | €7,946 | €32,420 | +€24,473 | +308% |
| Trade receivables | 40 | €3,014 | €28,381 | +€25,366 | +842% |
| Other amounts receivable | 41 | €4,932 | €4,039 | -€893 | -18.1% |
| Cash at bank and in hand | 54/58 | €5,927 | €4,495 | -€1,431 | -24.2% |
| Deferred charges and accrued income | 490/1 | €20 | €6 | -€13 | -67.2% |
| Total equity and liabilities | 10/49 | €90,781 | €79,864 | -€10,917 | -12.0% |
| Equity | 10/15 | €33,687 | €17,080 | -€16,607 | -49.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,587 | €4,587 | = | 0.0% |
| Distributable reserves | 133 | €4,587 | €4,587 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,500 | -€6,107 | -€16,607 | |
| Amounts payable | 17/49 | €57,094 | €62,783 | +€5,690 | +10.0% |
| Amounts payable after more than one year | 17 | €4,747 | €11,187 | +€6,440 | +136% |
| Financial debts | 170/4 | €4,747 | €11,187 | +€6,440 | +136% |
| Amounts payable within one year | 42/48 | €52,346 | €51,596 | -€750 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €7,926 | €2,952 | -€4,974 | -62.8% |
| Financial debts | 43 | €12,497 | €10,744 | -€1,753 | -14.0% |
| Credit institutions | 430/8 | €12,497 | €10,744 | -€1,753 | -14.0% |
| Trade debts | 44 | €25,529 | €33,731 | +€8,202 | +32.1% |
| Suppliers | 440/4 | €25,529 | €33,731 | +€8,202 | +32.1% |
| Taxes, remuneration and social security | 45 | €6,395 | €3,723 | -€2,672 | -41.8% |
| Taxes | 450/3 | €6,250 | €3,723 | -€2,527 | -40.4% |
| Remuneration and social security | 454/9 | €145 | - | -€145 | |
| Other amounts payable | 47/48 | - | €447 | +€447 | |
| Remuneration, social security and pensions | 62 | €5,338 | - | -€5,338 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,907 | €11,146 | +€1,239 | +12.5% |
| Other operating charges | 640/8 | €964 | €496 | -€468 | -48.5% |
| Gross operating margin | 9900 | €24,994 | -€419 | -€25,414 | |
| Operating profit (loss) | 9901 | €8,786 | -€12,061 | -€20,847 | |
| Financial income | 75/76B | €53 | €227 | +€174 | +331% |
| Recurring financial income | 75 | €53 | €227 | +€174 | +331% |
| Financial charges | 65/66B | €5,593 | €4,559 | -€1,035 | -18.5% |
| Recurring financial charges | 65 | €5,593 | €4,559 | -€1,035 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €3,245 | -€16,393 | -€19,638 | |
| Income taxes | 67/77 | €518 | €214 | -€305 | -58.8% |
| Profit (loss) for the period | 9904 | €2,727 | -€16,607 | -€19,333 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,727 | -€16,607 | -€19,333 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.