VDB WINDOWS: 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 WINDOWS
Largest movements
- Receivables within one year -€12,499
down €12,499 (-41.3%), from €30,230 to €17,731
of which Other amounts receivable: -€7,914
- Cash +€10,535
new in 2025: €10,535
mainly Receivables within one year (+€12,499) and Depreciation (+€9,845)
- Tangible fixed assets -€9,845
down €9,845 (-36.8%), from €26,762 to €16,916
of which Furniture and vehicles: -€8,656
- Reserves -€10,878
down €10,878 (-20.7%), from €52,672 to €41,795
- Trade debts -€929
down €929 (-70.6%), from €1,316 to €387
- Gross operating margin -€1,671
down €1,671, from €1,051 to -€620
- Other operating charges -€952
no longer reported in 2025 (was €952)
- Staff costs +€412
new in 2025: €412
- Financial charges -€90
no longer reported in 2025 (was €90)
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 | €56,991 | €45,182 | -€11,809 | -20.7% |
| Fixed assets | 21/28 | €26,762 | €16,916 | -€9,845 | -36.8% |
| Tangible fixed assets | 22/27 | €26,762 | €16,916 | -€9,845 | -36.8% |
| Plant, machinery and equipment | 23 | €2,158 | €968 | -€1,190 | -55.1% |
| Furniture and vehicles | 24 | €24,604 | €15,948 | -€8,656 | -35.2% |
| Current assets | 29/58 | €30,230 | €28,266 | -€1,964 | -6.5% |
| Amounts receivable within one year | 40/41 | €30,230 | €17,731 | -€12,499 | -41.3% |
| Trade receivables | 40 | €9,048 | €4,463 | -€4,585 | -50.7% |
| Other amounts receivable | 41 | €21,182 | €13,269 | -€7,914 | -37.4% |
| Cash at bank and in hand | 54/58 | - | €10,535 | +€10,535 | |
| Total equity and liabilities | 10/49 | €56,991 | €45,182 | -€11,809 | -20.7% |
| Equity | 10/15 | €55,672 | €44,795 | -€10,878 | -19.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €52,672 | €41,795 | -€10,878 | -20.7% |
| Distributable reserves | 133 | €52,672 | €41,795 | -€10,878 | -20.7% |
| Amounts payable | 17/49 | €1,319 | €387 | -€932 | -70.6% |
| Amounts payable within one year | 42/48 | €1,319 | €387 | -€932 | -70.6% |
| Financial debts | 43 | €3 | - | -€3 | |
| Other loans | 439 | €3 | - | -€3 | |
| Trade debts | 44 | €1,316 | €387 | -€929 | -70.6% |
| Suppliers | 440/4 | €1,316 | €387 | -€929 | -70.6% |
| Remuneration, social security and pensions | 62 | - | €412 | +€412 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,845 | €9,845 | = | 0.0% |
| Other operating charges | 640/8 | €952 | - | -€952 | |
| Gross operating margin | 9900 | €1,051 | -€620 | -€1,671 | |
| Operating profit (loss) | 9901 | -€9,747 | -€10,878 | -€1,131 | -11.6% |
| Financial charges | 65/66B | €90 | - | -€90 | |
| Recurring financial charges | 65 | €90 | - | -€90 | |
| Profit (loss) for the period before taxes | 9903 | -€9,837 | -€10,878 | -€1,041 | -10.6% |
| Profit (loss) for the period | 9904 | -€9,837 | -€10,878 | -€1,041 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,837 | -€10,878 | -€1,041 | -10.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.