VDB Nutrition: what changed
What changed
VDB Nutrition
NACE 46.392, Non-specialised wholesale
filed annual accounts (NBB)
Net result for the year
€1,775
2024 · €5,692-€3,917
Equity
€190,335
2024 · €188,560+€1,775
Cash
€197,592
2024 · €204,399-€6,807
Balance sheet total
€578,110
2024 · €628,237-€50,127
Largest movements
Assets
- Receivables within one year -€36,193
down €36,193 (-26.4%), from €137,137 to €100,944
of which Trade receivables: -€32,501
- Stocks and contracts +€25,721
up €25,721 (+12.2%), from €210,344 to €236,065
- Tangible fixed assets -€21,046
down €21,046 (-45.6%), from €46,187 to €25,141
- Intangible fixed assets -€11,929
down €11,929 (-59.1%), from €20,188 to €8,259
- Cash -€6,807
down €6,807 (-3.3%), from €204,399 to €197,592
mainly Trade debts (-€153,392) and Stocks and contracts (-€25,721)
Equity and liabilities
- Trade debts -€153,392
down €153,392 (-69.4%), from €221,166 to €67,774
- Other debts +€101,098
up €101,098 (+692%), from €14,602 to €115,700
Income statement
- Gross operating margin +€31,677
up €31,677 (+10.9%), from €290,164 to €321,841
- Write-downs +€18,020
up €18,020 (+90.1%), from -€20,000 to -€1,980
- Staff costs +€17,428
up €17,428 (+7.3%), from €240,369 to €257,797
- Other operating charges -€11,754
down €11,754 (-45.4%), from €25,909 to €14,155
- Financial charges -€10,802
down €10,802 (-77.7%), from €13,907 to €3,105
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.
Result 2024
€5,692
Gross operating margin
+€31,677
Staff costs
-€17,428
Depreciation
-€1,838
Write-downs
-€18,020
Other operating charges
+€11,754
Other operating items
-€15,093
Financial income
+€335
Financial charges
+€10,802
Taxes
-€6,106
Result 2025
€1,775
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€12,349
Investment
+€5,542
Financing
€0
Cash 2024
€204,399
From operations (derived)
-€12,349
Net result for the year
+€1,775
Depreciation
+€27,433
Stocks and contracts
-€25,721
Receivables within one year
+€36,193
Deferred charges and accrued income
-€128
Trade debts
-€153,392
Tax, wage and social debts
+€392
Other debts
+€101,098
Investment (derived)
+€5,542
Investment in fixed assets (net)
+€5,542
Cash 2025
€197,592
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €628,237 | €578,110 | -€50,127 | -8.0% |
| Fixed assets | 21/28 | €73,775 | €40,800 | -€32,975 | -44.7% |
| Intangible fixed assets | 21 | €20,188 | €8,259 | -€11,929 | -59.1% |
| Tangible fixed assets | 22/27 | €46,187 | €25,141 | -€21,046 | -45.6% |
| Plant, machinery and equipment | 23 | €12,990 | €8,779 | -€4,210 | -32.4% |
| Furniture and vehicles | 24 | €24,748 | €14,491 | -€10,257 | -41.4% |
| Other tangible fixed assets | 26 | €8,449 | €1,870 | -€6,579 | -77.9% |
| Financial fixed assets | 28 | €7,400 | €7,400 | = | 0.0% |
| Current assets | 29/58 | €554,462 | €537,310 | -€17,152 | -3.1% |
| Stocks and contracts in progress | 3 | €210,344 | €236,065 | +€25,721 | +12.2% |
| Stocks | 30/36 | €210,344 | €236,065 | +€25,721 | +12.2% |
| Amounts receivable within one year | 40/41 | €137,137 | €100,944 | -€36,193 | -26.4% |
| Trade receivables | 40 | €44,381 | €11,879 | -€32,501 | -73.2% |
| Other amounts receivable | 41 | €92,756 | €89,064 | -€3,692 | -4.0% |
| Cash at bank and in hand | 54/58 | €204,399 | €197,592 | -€6,807 | -3.3% |
| Deferred charges and accrued income | 490/1 | €2,582 | €2,710 | +€128 | +4.9% |
| Total equity and liabilities | 10/49 | €628,237 | €578,110 | -€50,127 | -8.0% |
| Equity | 10/15 | €188,560 | €190,335 | +€1,775 | +0.9% |
| Contributions | 10/11 | €323,500 | €323,500 | = | 0.0% |
| Capital | 10 | €323,500 | €323,500 | = | 0.0% |
| Issued capital | 100 | €323,500 | €323,500 | = | 0.0% |
| Reserves | 13 | €12,607 | €12,607 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,752 | €1,752 | = | 0.0% |
| Legal reserve | 130 | €1,752 | €1,752 | = | 0.0% |
| Distributable reserves | 133 | €10,855 | €10,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,547 | -€145,772 | +€1,775 | +1.2% |
| Amounts payable | 17/49 | €439,678 | €387,776 | -€51,902 | -11.8% |
| Amounts payable after more than one year | 17 | €143,960 | €143,960 | = | 0.0% |
| Other amounts payable | 178/9 | €143,960 | €143,960 | = | 0.0% |
| Amounts payable within one year | 42/48 | €295,718 | €243,816 | -€51,902 | -17.6% |
| Trade debts | 44 | €221,166 | €67,774 | -€153,392 | -69.4% |
| Suppliers | 440/4 | €221,166 | €67,774 | -€153,392 | -69.4% |
| Taxes, remuneration and social security | 45 | €59,950 | €60,342 | +€392 | +0.7% |
| Taxes | 450/3 | €20,740 | €21,221 | +€480 | +2.3% |
| Remuneration and social security | 454/9 | €39,210 | €39,121 | -€89 | -0.2% |
| Other amounts payable | 47/48 | €14,602 | €115,700 | +€101,098 | +692% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €240,369 | €257,797 | +€17,428 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,595 | €27,433 | +€1,838 | +7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€20,000 | -€1,980 | +€18,020 | +90.1% |
| Other operating charges | 640/8 | €25,909 | €14,155 | -€11,754 | -45.4% |
| Non-recurring operating charges | 66A | €67 | €15,160 | +€15,093 | +22,612% |
| Gross operating margin | 9900 | €290,164 | €321,841 | +€31,677 | +10.9% |
| Operating profit (loss) | 9901 | €18,225 | €9,276 | -€8,949 | -49.1% |
| Financial income | 75/76B | €5,595 | €5,930 | +€335 | +6.0% |
| Recurring financial income | 75 | €5,595 | €5,930 | +€335 | +6.0% |
| Financial charges | 65/66B | €13,907 | €3,105 | -€10,802 | -77.7% |
| Recurring financial charges | 65 | €13,907 | €3,105 | -€10,802 | -77.7% |
| Profit (loss) for the period before taxes | 9903 | €9,913 | €12,102 | +€2,188 | +22.1% |
| Income taxes | 67/77 | €4,221 | €10,327 | +€6,106 | +145% |
| Profit (loss) for the period | 9904 | €5,692 | €1,775 | -€3,917 | -68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,692 | €1,775 | -€3,917 | -68.8% |
Next steps
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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 4 November 2026 via checked.be.