VDB-PAINTS: 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-PAINTS
Largest movements
- Tangible fixed assets -€13,344
down €13,344 (-25.8%), from €51,811 to €38,466
of which Furniture and vehicles: -€10,344
- Cash +€9,228
up €9,228 (+181%), from €5,110 to €14,338
mainly Net result for the year (+€13,908) and Depreciation (+€13,544)
- Receivables within one year +€7,145
up €7,145 (+231%), from €3,095 to €10,240
of which Other amounts receivable: +€6,651
- Profit (loss) carried forward +€13,908
up €13,908 (+300%), from €4,630 to €18,538
- Debts after one year -€10,211
down €10,211 (-29.3%), from €34,899 to €24,688
- Other debts -€2,484
no longer reported in 2025 (was €2,484)
- Tax, wage and social debts +€2,001
up €2,001 (+170%), from €1,177 to €3,177
- Trade debts -€703
down €703 (-12.2%), from €5,778 to €5,075
- Gross operating margin +€13,650
up €13,650 (+66.9%), from €20,402 to €34,053
- Taxes +€2,363
up €2,363 (+201%), from €1,177 to €3,539
- Depreciation +€1,433
up €1,433 (+11.8%), from €12,112 to €13,544
- Other operating charges +€749
up €749 (+208%), from €360 to €1,109
- Financial income +€685
new in 2025: €685
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
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 | €61,740 | €64,689 | +€2,949 | +4.8% |
| Fixed assets | 21/28 | €52,610 | €39,066 | -€13,544 | -25.7% |
| Intangible fixed assets | 21 | €799 | €599 | -€200 | -25.0% |
| Tangible fixed assets | 22/27 | €51,811 | €38,466 | -€13,344 | -25.8% |
| Plant, machinery and equipment | 23 | €8,992 | €5,992 | -€3,000 | -33.4% |
| Furniture and vehicles | 24 | €42,819 | €32,475 | -€10,344 | -24.2% |
| Current assets | 29/58 | €9,129 | €25,623 | +€16,494 | +181% |
| Stocks and contracts in progress | 3 | €500 | €650 | +€150 | +30.0% |
| Stocks | 30/36 | €500 | €650 | +€150 | +30.0% |
| Amounts receivable within one year | 40/41 | €3,095 | €10,240 | +€7,145 | +231% |
| Trade receivables | 40 | €2,968 | €3,463 | +€495 | +16.7% |
| Other amounts receivable | 41 | €127 | €6,777 | +€6,651 | +5,254% |
| Cash at bank and in hand | 54/58 | €5,110 | €14,338 | +€9,228 | +181% |
| Deferred charges and accrued income | 490/1 | €425 | €396 | -€29 | -6.8% |
| Total equity and liabilities | 10/49 | €61,740 | €64,689 | +€2,949 | +4.8% |
| Equity | 10/15 | €7,630 | €21,538 | +€13,908 | +182% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,630 | €18,538 | +€13,908 | +300% |
| Amounts payable | 17/49 | €54,110 | €43,152 | -€10,958 | -20.3% |
| Amounts payable after more than one year | 17 | €34,899 | €24,688 | -€10,211 | -29.3% |
| Financial debts | 170/4 | €34,899 | €24,688 | -€10,211 | -29.3% |
| Amounts payable within one year | 42/48 | €19,211 | €18,464 | -€747 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €9,772 | €10,211 | +€440 | +4.5% |
| Trade debts | 44 | €5,778 | €5,075 | -€703 | -12.2% |
| Suppliers | 440/4 | €5,778 | €5,075 | -€703 | -12.2% |
| Taxes, remuneration and social security | 45 | €1,177 | €3,177 | +€2,001 | +170% |
| Taxes | 450/3 | €1,177 | €3,177 | +€2,001 | +170% |
| Other amounts payable | 47/48 | €2,484 | - | -€2,484 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,112 | €13,544 | +€1,433 | +11.8% |
| Other operating charges | 640/8 | €360 | €1,109 | +€749 | +208% |
| Gross operating margin | 9900 | €20,402 | €34,053 | +€13,650 | +66.9% |
| Operating profit (loss) | 9901 | €7,931 | €19,399 | +€11,468 | +145% |
| Financial income | 75/76B | - | €685 | +€685 | |
| Recurring financial income | 75 | - | €685 | +€685 | |
| Financial charges | 65/66B | €2,124 | €2,637 | +€513 | +24.1% |
| Recurring financial charges | 65 | €2,124 | €2,637 | +€513 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €5,807 | €17,447 | +€11,641 | +200% |
| Income taxes | 67/77 | €1,177 | €3,539 | +€2,363 | +201% |
| Profit (loss) for the period | 9904 | €4,630 | €13,908 | +€9,278 | +200% |
| Profit (loss) for the period to be appropriated | 9905 | €4,630 | €13,908 | +€9,278 | +200% |
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 20 October 2026 via checked.be.