VDB & PARTNERS: 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 & PARTNERS
Largest movements
- Receivables within one year -€8,673
down €8,673 (-29.5%), from €29,425 to €20,752
of which Other amounts receivable: -€12,000
- Tangible fixed assets +€1,221
up €1,221 (+3.5%), from €35,187 to €36,409
of which Other tangible fixed assets: +€1,585
- Cash -€976
down €976 (-11.2%), from €8,748 to €7,772
mainly Tax, wage and social debts (-€10,243) and Accrued charges and deferred income (-€9,831)
- Advances received +€10,250
up €10,250 (+80.4%), from €12,750 to €23,000
- Tax, wage and social debts -€10,243
down €10,243 (-89.5%), from €11,440 to €1,197
- Accrued charges and deferred income -€9,831
no longer reported in 2025 (was €9,831)
- Profit (loss) carried forward +€6,919
up €6,919 (+84.4%), from -€8,194 to -€1,275
- Current portion of long-term debt -€6,046
no longer reported in 2025 (was €6,046)
- Staff costs -€22,750
no longer reported in 2025 (was €22,750)
- Gross operating margin -€7,650
down €7,650 (-28.1%), from €27,264 to €19,614
- Other operating charges +€4,631
up €4,631 (+1,358%), from €341 to €4,972
- Financial charges -€1,302
down €1,302 (-35.6%), from €3,658 to €2,357
- Financial income -€867
down €867 (-49.9%), from €1,736 to €869
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 | €73,360 | €64,932 | -€8,428 | -11.5% |
| Fixed assets | 21/28 | €35,187 | €36,409 | +€1,221 | +3.5% |
| Tangible fixed assets | 22/27 | €35,187 | €36,409 | +€1,221 | +3.5% |
| Plant, machinery and equipment | 23 | €745 | €381 | -€363 | -48.8% |
| Other tangible fixed assets | 26 | €34,443 | €36,027 | +€1,585 | +4.6% |
| Current assets | 29/58 | €38,172 | €28,523 | -€9,649 | -25.3% |
| Amounts receivable within one year | 40/41 | €29,425 | €20,752 | -€8,673 | -29.5% |
| Trade receivables | 40 | €17,425 | €20,752 | +€3,327 | +19.1% |
| Other amounts receivable | 41 | €12,000 | - | -€12,000 | |
| Cash at bank and in hand | 54/58 | €8,748 | €7,772 | -€976 | -11.2% |
| Total equity and liabilities | 10/49 | €73,360 | €64,932 | -€8,428 | -11.5% |
| Equity | 10/15 | €20,957 | €27,876 | +€6,919 | +33.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €22,951 | €22,951 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,783 | €8,783 | = | 0.0% |
| Distributable reserves | 133 | €14,168 | €14,168 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,194 | -€1,275 | +€6,919 | +84.4% |
| Amounts payable | 17/49 | €52,403 | €37,056 | -€15,346 | -29.3% |
| Amounts payable within one year | 42/48 | €42,572 | €37,056 | -€5,515 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €6,046 | - | -€6,046 | |
| Trade debts | 44 | €4,268 | €6,920 | +€2,651 | +62.1% |
| Suppliers | 440/4 | €4,268 | €6,920 | +€2,651 | +62.1% |
| Advances received on contracts in progress | 46 | €12,750 | €23,000 | +€10,250 | +80.4% |
| Taxes, remuneration and social security | 45 | €11,440 | €1,197 | -€10,243 | -89.5% |
| Taxes | 450/3 | €11,440 | €1,197 | -€10,243 | -89.5% |
| Other amounts payable | 47/48 | €8,068 | €5,940 | -€2,128 | -26.4% |
| Accrued charges and deferred income | 492/3 | €9,831 | - | -€9,831 | |
| Remuneration, social security and pensions | 62 | €22,750 | - | -€22,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,979 | €6,236 | +€257 | +4.3% |
| Other operating charges | 640/8 | €341 | €4,972 | +€4,631 | +1,358% |
| Gross operating margin | 9900 | €27,264 | €19,614 | -€7,650 | -28.1% |
| Operating profit (loss) | 9901 | -€1,806 | €8,406 | +€10,212 | |
| Financial income | 75/76B | €1,736 | €869 | -€867 | -49.9% |
| Recurring financial income | 75 | €1,736 | €869 | -€867 | -49.9% |
| Financial charges | 65/66B | €3,658 | €2,357 | -€1,302 | -35.6% |
| Recurring financial charges | 65 | €3,658 | €2,357 | -€1,302 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,728 | €6,919 | +€10,647 | |
| Profit (loss) for the period | 9904 | -€3,728 | €6,919 | +€10,647 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,728 | €6,919 | +€10,647 |
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 23 October 2026 via checked.be.