VDBCOP: 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.
VDBCOP
Largest movements
- Cash -€13,875
down €13,875 (-12.3%), from €112,891 to €99,016
mainly Contributions, distributions and other (-€100,000) and Investment in fixed assets (net) (-€15,593)
- Tangible fixed assets +€11,704
up €11,704 (+278%), from €4,205 to €15,909
- Receivables within one year -€1,661
down €1,661 (-59.2%), from €2,805 to €1,143
of which Other amounts receivable: -€2,773
- Other debts -€13,150
down €13,150 (-14.0%), from €94,112 to €80,962
- Tax, wage and social debts +€8,447
up €8,447 (+52.9%), from €15,968 to €24,415
- Gross operating margin +€10,757
up €10,757 (+8.8%), from €121,922 to €132,679
- Taxes +€1,851
up €1,851 (+7.2%), from €25,737 to €27,588
- Depreciation +€1,691
up €1,691 (+76.9%), from €2,199 to €3,889
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 | €120,243 | €116,369 | -€3,874 | -3.2% |
| Fixed assets | 21/28 | €4,205 | €15,909 | +€11,704 | +278% |
| Tangible fixed assets | 22/27 | €4,205 | €15,909 | +€11,704 | +278% |
| Furniture and vehicles | 24 | €4,205 | €15,909 | +€11,704 | +278% |
| Current assets | 29/58 | €116,037 | €100,459 | -€15,578 | -13.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,805 | €1,143 | -€1,661 | -59.2% |
| Trade receivables | 40 | - | €1,112 | +€1,112 | |
| Other amounts receivable | 41 | €2,805 | €32 | -€2,773 | -98.9% |
| Cash at bank and in hand | 54/58 | €112,891 | €99,016 | -€13,875 | -12.3% |
| Deferred charges and accrued income | 490/1 | €342 | €300 | -€42 | -12.2% |
| Total equity and liabilities | 10/49 | €120,243 | €116,369 | -€3,874 | -3.2% |
| Equity | 10/15 | €10,061 | €10,235 | +€174 | +1.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €61 | €235 | +€174 | +287% |
| Amounts payable | 17/49 | €110,182 | €106,134 | -€4,048 | -3.7% |
| Amounts payable within one year | 42/48 | €110,182 | €106,134 | -€4,048 | -3.7% |
| Trade debts | 44 | €102 | €757 | +€655 | +643% |
| Suppliers | 440/4 | €102 | €757 | +€655 | +643% |
| Taxes, remuneration and social security | 45 | €15,968 | €24,415 | +€8,447 | +52.9% |
| Taxes | 450/3 | €15,968 | €24,415 | +€8,447 | +52.9% |
| Other amounts payable | 47/48 | €94,112 | €80,962 | -€13,150 | -14.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,199 | €3,889 | +€1,691 | +76.9% |
| Other operating charges | 640/8 | €613 | €628 | +€14 | +2.3% |
| Gross operating margin | 9900 | €121,922 | €132,679 | +€10,757 | +8.8% |
| Operating profit (loss) | 9901 | €119,110 | €128,162 | +€9,053 | +7.6% |
| Financial income | 75/76B | €838 | €174 | -€664 | -79.3% |
| Recurring financial income | 75 | €838 | €174 | -€664 | -79.3% |
| Financial charges | 65/66B | €728 | €574 | -€155 | -21.2% |
| Recurring financial charges | 65 | €728 | €574 | -€155 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €119,220 | €127,762 | +€8,543 | +7.2% |
| Income taxes | 67/77 | €25,737 | €27,588 | +€1,851 | +7.2% |
| Profit (loss) for the period | 9904 | €93,483 | €100,174 | +€6,691 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €93,483 | €100,174 | +€6,691 | +7.2% |
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.