VDBN: 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.
VDBN
Largest movements
- Tangible fixed assets -€25,333
no longer reported in 2025 (was €25,333)
- Receivables within one year +€4,083
new in 2025: €4,083
- Stocks and contracts -€2,350
down €2,350 (-17.7%), from €13,300 to €10,950
- Other debts -€28,098
down €28,098 (-62.4%), from €45,006 to €16,908
- Trade debts +€3,782
new in 2025: €3,782
- Profit (loss) carried forward +€847
up €847 (+3.4%), from -€25,170 to -€24,324
- Turnover +€101,897
up €101,897 (+1,270%), from €8,023 to €109,920
- Purchases and services -€5,706
no longer reported in 2025 (was €5,706)
- Depreciation -€1,606
no longer reported in 2025 (was €1,606)
- Other operating charges -€1,415
down €1,415 (-78.0%), from €1,814 to €400
- Gross operating margin -€1,345
down €1,345 (-58.0%), from €2,317 to €972
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,633 | €15,033 | -€23,600 | -61.1% |
| Fixed assets | 21/28 | €25,333 | €0 | -€25,333 | -100% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €25,333 | - | -€25,333 | |
| Land and buildings | 22 | €25,333 | - | -€25,333 | |
| Current assets | 29/58 | €13,300 | €15,033 | +€1,733 | +13.0% |
| Stocks and contracts in progress | 3 | €13,300 | €10,950 | -€2,350 | -17.7% |
| Stocks | 30/36 | €13,300 | €10,950 | -€2,350 | -17.7% |
| Amounts receivable within one year | 40/41 | - | €4,083 | +€4,083 | |
| Other amounts receivable | 41 | - | €4,083 | +€4,083 | |
| Total equity and liabilities | 10/49 | €38,633 | €15,033 | -€23,600 | -61.1% |
| Equity | 10/15 | -€6,570 | -€5,724 | +€847 | +12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Profit (loss) carried forward | 14 | -€25,170 | -€24,324 | +€847 | +3.4% |
| Amounts payable | 17/49 | €45,204 | €20,757 | -€24,447 | -54.1% |
| Amounts payable within one year | 42/48 | €45,138 | €20,690 | -€24,448 | -54.2% |
| Trade debts | 44 | - | €3,782 | +€3,782 | |
| Suppliers | 440/4 | - | €3,782 | +€3,782 | |
| Taxes, remuneration and social security | 45 | €132 | - | -€132 | |
| Taxes | 450/3 | €132 | - | -€132 | |
| Other amounts payable | 47/48 | €45,006 | €16,908 | -€28,098 | -62.4% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Turnover | 70 | €8,023 | €109,920 | +€101,897 | +1,270% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,706 | - | -€5,706 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,606 | - | -€1,606 | |
| Other operating charges | 640/8 | €1,814 | €400 | -€1,415 | -78.0% |
| Gross operating margin | 9900 | €2,317 | €972 | -€1,345 | -58.0% |
| Operating profit (loss) | 9901 | -€1,103 | €573 | +€1,676 | |
| Financial income | 75/76B | - | €318 | +€318 | |
| Recurring financial income | 75 | - | €318 | +€318 | |
| Financial charges | 65/66B | - | €44 | +€44 | |
| Recurring financial charges | 65 | - | €44 | +€44 | |
| Profit (loss) for the period before taxes | 9903 | -€1,103 | €847 | +€1,950 | |
| Profit (loss) for the period | 9904 | -€1,103 | €847 | +€1,950 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,103 | €847 | +€1,950 |
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 15 October 2026 via checked.be.