VDB052: what changed
Two fiscal 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.
VDB052
Largest movements
- Cash -€1,327
down €1,327 (-68.8%), from €1,930 to €603
mainly Net result for the year (-€25,956) and Trade debts (-€3,651)
- Receivables within one year +€701
up €701 (+224.6%), from €312 to €1,014
of which Other amounts receivable: +€701
- Deferred charges and accrued income +€355
new in 2025: €355
- Other debts +€30,079
up €30,079 (+55.2%), from €54,488 to €84,567
- Profit (loss) carried forward -€25,956
down €25,956 (-40.7%), from -€63,736 to -€89,692
- Trade debts -€3,651
down €3,651 (-87.8%), from €4,161 to €509
- Tax, wage and social debts -€743
down €743 (-15.4%), from €4,829 to €4,087
- Gross operating margin -€28,381
down €28,381 (-47.3%), from €59,955 to €31,574
- Staff costs -€2,212
down €2,212 (-3.7%), from €59,070 to €56,858
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.
Cash bridge derived
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 | €2,242 | €1,972 | -€271 | -12.1% |
| Current assets | 29/58 | €2,242 | €1,972 | -€271 | -12.1% |
| Amounts receivable within one year | 40/41 | €312 | €1,014 | +€701 | +224.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €312 | €1,014 | +€701 | +224.6% |
| Cash at bank and in hand | 54/58 | €1,930 | €603 | -€1,327 | -68.8% |
| Deferred charges and accrued income | 490/1 | - | €355 | +€355 | |
| Total equity and liabilities | 10/49 | €2,242 | €1,972 | -€271 | -12.1% |
| Equity | 10/15 | -€61,236 | -€87,192 | -€25,956 | -42.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,736 | -€89,692 | -€25,956 | -40.7% |
| Amounts payable | 17/49 | €63,478 | €89,163 | +€25,685 | +40.5% |
| Amounts payable within one year | 42/48 | €63,478 | €89,163 | +€25,685 | +40.5% |
| Trade debts | 44 | €4,161 | €509 | -€3,651 | -87.8% |
| Suppliers | 440/4 | €4,161 | €509 | -€3,651 | -87.8% |
| Taxes, remuneration and social security | 45 | €4,829 | €4,087 | -€743 | -15.4% |
| Remuneration and social security | 454/9 | €4,829 | €4,087 | -€743 | -15.4% |
| Other amounts payable | 47/48 | €54,488 | €84,567 | +€30,079 | +55.2% |
| Remuneration, social security and pensions | 62 | €59,070 | €56,858 | -€2,212 | -3.7% |
| Other operating charges | 640/8 | €569 | €672 | +€103 | +18.1% |
| Gross operating margin | 9900 | €59,955 | €31,574 | -€28,381 | -47.3% |
| Operating profit (loss) | 9901 | €316 | -€25,956 | -€26,272 | |
| Financial charges | 65/66B | €34 | €0 | -€34 | -100.0% |
| Recurring financial charges | 65 | €34 | €0 | -€34 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €282 | -€25,956 | -€26,238 | |
| Profit (loss) for the period | 9904 | €282 | -€25,956 | -€26,238 | |
| Profit (loss) for the period to be appropriated | 9905 | €282 | -€25,956 | -€26,238 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.