VDBJ Management: 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.
VDBJ Management
Largest movements
- Cash +€157,026
up €157,026 (+1,570%), from €10,001 to €167,027
mainly Net result for the year (+€189,539) and Tax, wage and social debts (+€57,293)
- Current investments +€90,000
new in 2025: €90,000
- Tangible fixed assets -€9,863
down €9,863 (-20.6%), from €47,801 to €37,938
- Receivables within one year +€9,154
up €9,154 (+64.6%), from €14,159 to €23,313
of which Trade receivables: +€12,431
- Reserves +€189,539
up €189,539 (+270%), from €70,133 to €259,672
- Tax, wage and social debts +€57,293
new in 2025: €57,293
- Gross operating margin +€192,445
up €192,445 (+214%), from €89,992 to €282,437
- Taxes +€64,697
up €64,697 (+368%), from €17,595 to €82,293
- Depreciation +€8,350
up €8,350 (+552%), from €1,513 to €9,863
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 | €73,071 | €319,444 | +€246,372 | +337% |
| Fixed assets | 21/28 | €47,801 | €37,938 | -€9,863 | -20.6% |
| Tangible fixed assets | 22/27 | €47,801 | €37,938 | -€9,863 | -20.6% |
| Furniture and vehicles | 24 | €47,801 | €37,938 | -€9,863 | -20.6% |
| Current assets | 29/58 | €25,271 | €281,506 | +€256,235 | +1,014% |
| Amounts receivable within one year | 40/41 | €14,159 | €23,313 | +€9,154 | +64.6% |
| Trade receivables | 40 | €8,262 | €20,693 | +€12,431 | +150% |
| Other amounts receivable | 41 | €5,898 | €2,620 | -€3,278 | -55.6% |
| Current investments | 50/53 | - | €90,000 | +€90,000 | |
| Cash at bank and in hand | 54/58 | €10,001 | €167,027 | +€157,026 | +1,570% |
| Deferred charges and accrued income | 490/1 | €1,111 | €1,166 | +€55 | +5.0% |
| Total equity and liabilities | 10/49 | €73,071 | €319,444 | +€246,372 | +337% |
| Equity | 10/15 | €71,133 | €260,672 | +€189,539 | +266% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €70,133 | €259,672 | +€189,539 | +270% |
| Distributable reserves | 133 | €70,133 | €259,672 | +€189,539 | +270% |
| Amounts payable | 17/49 | €1,938 | €58,771 | +€56,833 | +2,932% |
| Amounts payable within one year | 42/48 | €993 | €58,771 | +€57,778 | +5,816% |
| Trade debts | 44 | €132 | €1,479 | +€1,347 | +1,020% |
| Suppliers | 440/4 | €132 | €1,479 | +€1,347 | +1,020% |
| Taxes, remuneration and social security | 45 | - | €57,293 | +€57,293 | |
| Taxes | 450/3 | - | €57,293 | +€57,293 | |
| Other amounts payable | 47/48 | €861 | €0 | -€861 | -100% |
| Accrued charges and deferred income | 492/3 | €945 | €0 | -€945 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,513 | €9,863 | +€8,350 | +552% |
| Other operating charges | 640/8 | €709 | €633 | -€76 | -10.7% |
| Gross operating margin | 9900 | €89,992 | €282,437 | +€192,445 | +214% |
| Operating profit (loss) | 9901 | €87,770 | €271,941 | +€184,172 | +210% |
| Financial income | 75/76B | €2 | €70 | +€68 | +2,834% |
| Recurring financial income | 75 | €2 | €70 | +€68 | +2,834% |
| Financial charges | 65/66B | €44 | €180 | +€136 | +312% |
| Recurring financial charges | 65 | €44 | €180 | +€136 | +312% |
| Profit (loss) for the period before taxes | 9903 | €87,728 | €271,832 | +€184,104 | +210% |
| Income taxes | 67/77 | €17,595 | €82,293 | +€64,697 | +368% |
| Profit (loss) for the period | 9904 | €70,133 | €189,539 | +€119,406 | +170% |
| Profit (loss) for the period to be appropriated | 9905 | €70,133 | €189,539 | +€119,406 | +170% |
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 16 October 2026 via checked.be.