VDB ORIGIN: what changed
VDB ORIGIN
Largest movements
- Cash -€477
down €477 (-93.9%), from €508 to €31
mainly Trade debts (-€2,657) and Net result for the year (-€561)
- Receivables within one year -€471
down €471 (-95.4%), from €494 to €23
of which Other amounts receivable: -€471
- Tangible fixed assets -€195
down €195 (-21.5%), from €909 to €713
of which Land and buildings: -€130
- Trade debts -€2,657
down €2,657 (-97.3%), from €2,732 to €75
- Other debts +€2,308
up €2,308 (+4.4%), from €52,299 to €54,607
- Profit (loss) carried forward -€561
down €561 (-0.9%), from -€59,867 to -€60,429
- Tax, wage and social debts -€233
down €233 (-50.3%), from €464 to €230
- Gross operating margin +€20,278
up €20,278 (+99.7%), from -€20,334 to -€56
- Financial charges -€2,606
down €2,606 (-89.4%), from €2,916 to €310
- Depreciation -€413
down €413 (-67.9%), from €609 to €195
- Taxes -€230
down €230 (-100%), from €230 to €0
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 | €1,910 | €767 | -€1,144 | -59.9% |
| Fixed assets | 21/28 | €909 | €713 | -€195 | -21.5% |
| Tangible fixed assets | 22/27 | €909 | €713 | -€195 | -21.5% |
| Land and buildings | 22 | €843 | €713 | -€130 | -15.4% |
| Furniture and vehicles | 24 | €65 | €0 | -€65 | -100% |
| Current assets | 29/58 | €1,001 | €53 | -€948 | -94.7% |
| Amounts receivable within one year | 40/41 | €494 | €23 | -€471 | -95.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €494 | €23 | -€471 | -95.4% |
| Cash at bank and in hand | 54/58 | €508 | €31 | -€477 | -93.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,910 | €767 | -€1,144 | -59.9% |
| Equity | 10/15 | -€53,584 | -€54,145 | -€561 | -1.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €3,784 | €3,784 | = | 0.0% |
| Distributable reserves | 133 | €3,784 | €3,784 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,867 | -€60,429 | -€561 | -0.9% |
| Amounts payable | 17/49 | €55,494 | €54,912 | -€582 | -1.0% |
| Amounts payable within one year | 42/48 | €55,494 | €54,912 | -€582 | -1.0% |
| Trade debts | 44 | €2,732 | €75 | -€2,657 | -97.3% |
| Suppliers | 440/4 | €2,732 | €75 | -€2,657 | -97.3% |
| Taxes, remuneration and social security | 45 | €464 | €230 | -€233 | -50.3% |
| Taxes | 450/3 | €464 | €230 | -€233 | -50.3% |
| Other amounts payable | 47/48 | €52,299 | €54,607 | +€2,308 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €609 | €195 | -€413 | -67.9% |
| Other operating charges | 640/8 | €189 | €0 | -€189 | -100% |
| Gross operating margin | 9900 | -€20,334 | -€56 | +€20,278 | +99.7% |
| Operating profit (loss) | 9901 | -€21,132 | -€252 | +€20,880 | +98.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,916 | €310 | -€2,606 | -89.4% |
| Recurring financial charges | 65 | €2,916 | €310 | -€2,606 | -89.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,047 | -€561 | +€23,486 | +97.7% |
| Income taxes | 67/77 | €230 | €0 | -€230 | -100% |
| Profit (loss) for the period | 9904 | -€24,278 | -€561 | +€23,716 | +97.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,278 | -€561 | +€23,716 | +97.7% |
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 3 November 2026 via checked.be.