VDBK-INFI: 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.
VDBK-INFI
Largest movements
- Receivables within one year -€28,216
down €28,216 (-66.2%), from €42,618 to €14,402
- Deferred charges and accrued income -€7,230
down €7,230 (-56.4%), from €12,809 to €5,579
- Cash -€3,883
down €3,883 (-39.8%), from €9,752 to €5,868
mainly Contributions, distributions and other (-€57,931) and Trade debts (-€1,223)
- Profit (loss) carried forward -€50,367
no longer reported in 2025 (was €50,367)
- Tax, wage and social debts +€12,261
up €12,261 (+116%), from €10,589 to €22,849
- Trade debts -€1,223
no longer reported in 2025 (was €1,223)
- Gross operating margin -€9,129
down €9,129 (-36.7%), from €24,904 to €15,775
- Taxes -€2,852
down €2,852 (-48.4%), from €5,887 to €3,035
- Other operating charges +€2,620
up €2,620 (+150%), from €1,750 to €4,370
- Depreciation -€821
no longer reported in 2025 (was €821)
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 | €65,178 | €25,849 | -€39,329 | -60.3% |
| Current assets | 29/58 | €65,178 | €25,849 | -€39,329 | -60.3% |
| Amounts receivable within one year | 40/41 | €42,618 | €14,402 | -€28,216 | -66.2% |
| Other amounts receivable | 41 | €42,618 | €14,402 | -€28,216 | -66.2% |
| Cash at bank and in hand | 54/58 | €9,752 | €5,868 | -€3,883 | -39.8% |
| Deferred charges and accrued income | 490/1 | €12,809 | €5,579 | -€7,230 | -56.4% |
| Total equity and liabilities | 10/49 | €65,178 | €25,849 | -€39,329 | -60.3% |
| Equity | 10/15 | €53,367 | €3,000 | -€50,367 | -94.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,367 | - | -€50,367 | |
| Amounts payable | 17/49 | €11,812 | €22,849 | +€11,037 | +93.4% |
| Amounts payable within one year | 42/48 | €11,812 | €22,849 | +€11,037 | +93.4% |
| Trade debts | 44 | €1,223 | - | -€1,223 | |
| Suppliers | 440/4 | €1,223 | - | -€1,223 | |
| Taxes, remuneration and social security | 45 | €10,589 | €22,849 | +€12,261 | +116% |
| Taxes | 450/3 | €10,589 | €22,849 | +€12,261 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €821 | - | -€821 | |
| Other operating charges | 640/8 | €1,750 | €4,370 | +€2,620 | +150% |
| Gross operating margin | 9900 | €24,904 | €15,775 | -€9,129 | -36.7% |
| Operating profit (loss) | 9901 | €22,333 | €11,405 | -€10,928 | -48.9% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €964 | €806 | -€158 | -16.4% |
| Recurring financial charges | 65 | €964 | €806 | -€158 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €21,372 | €10,600 | -€10,773 | -50.4% |
| Income taxes | 67/77 | €5,887 | €3,035 | -€2,852 | -48.4% |
| Profit (loss) for the period | 9904 | €15,486 | €7,565 | -€7,921 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,486 | €7,565 | -€7,921 | -51.1% |
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.