VDBton: 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.
VDBton
Largest movements
- Tangible fixed assets -€20,298
down €20,298 (-27.9%), from €72,655 to €52,357
of which Furniture and vehicles: -€14,556
- Cash -€7,839
down €7,839 (-73.4%), from €10,681 to €2,842
mainly Debts after one year (-€19,777) and Contributions, distributions and other (-€12,626)
- Receivables within one year -€6,668
down €6,668 (-35.9%), from €18,563 to €11,895
of which Trade receivables: -€8,807
- Debts after one year -€19,777
down €19,777 (-41.5%), from €47,639 to €27,862
- Other debts -€7,374
down €7,374 (-49.2%), from €15,000 to €7,626
- Contributions -€5,000
down €5,000 (-50.0%), from €10,000 to €5,000
- Current portion of long-term debt -€3,422
down €3,422 (-14.8%), from €23,199 to €19,777
- Tax, wage and social debts +€1,568
up €1,568 (+145%), from €1,082 to €2,650
- Gross operating margin -€11,986
down €11,986 (-24.3%), from €49,318 to €37,332
- Depreciation -€1,265
down €1,265 (-5.9%), from €21,563 to €20,298
- Financial charges -€1,139
down €1,139 (-19.9%), from €5,732 to €4,593
- Taxes -€937
down €937 (-17.4%), from €5,370 to €4,434
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 | €102,266 | €68,080 | -€34,186 | -33.4% |
| Fixed assets | 21/28 | €72,655 | €52,357 | -€20,298 | -27.9% |
| Tangible fixed assets | 22/27 | €72,655 | €52,357 | -€20,298 | -27.9% |
| Plant, machinery and equipment | 23 | €244 | €7 | -€237 | -97.3% |
| Furniture and vehicles | 24 | €56,999 | €42,442 | -€14,556 | -25.5% |
| Leasing and similar rights | 25 | €15,412 | €9,908 | -€5,504 | -35.7% |
| Current assets | 29/58 | €29,612 | €15,723 | -€13,888 | -46.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €18,563 | €11,895 | -€6,668 | -35.9% |
| Trade receivables | 40 | €8,807 | €0 | -€8,807 | -100% |
| Other amounts receivable | 41 | €9,756 | €11,895 | +€2,139 | +21.9% |
| Cash at bank and in hand | 54/58 | €10,681 | €2,842 | -€7,839 | -73.4% |
| Deferred charges and accrued income | 490/1 | €368 | €987 | +€618 | +168% |
| Total equity and liabilities | 10/49 | €102,266 | €68,080 | -€34,186 | -33.4% |
| Equity | 10/15 | €11,231 | €5,000 | -€6,231 | -55.5% |
| Contributions | 10/11 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Reserves | 13 | €1,231 | €0 | -€1,231 | -100% |
| Distributable reserves | 133 | €1,231 | €0 | -€1,231 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €91,035 | €63,080 | -€27,955 | -30.7% |
| Amounts payable after more than one year | 17 | €47,639 | €27,862 | -€19,777 | -41.5% |
| Financial debts | 170/4 | €47,639 | €27,862 | -€19,777 | -41.5% |
| Amounts payable within one year | 42/48 | €43,396 | €35,218 | -€8,178 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €23,199 | €19,777 | -€3,422 | -14.8% |
| Financial debts | 43 | €2,716 | €2,698 | -€18 | -0.7% |
| Credit institutions | 430/8 | €2,716 | €2,698 | -€18 | -0.7% |
| Trade debts | 44 | €1,399 | €2,467 | +€1,068 | +76.4% |
| Suppliers | 440/4 | €1,399 | €2,467 | +€1,068 | +76.4% |
| Taxes, remuneration and social security | 45 | €1,082 | €2,650 | +€1,568 | +145% |
| Taxes | 450/3 | €1,082 | €2,650 | +€1,568 | +145% |
| Other amounts payable | 47/48 | €15,000 | €7,626 | -€7,374 | -49.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,563 | €20,298 | -€1,265 | -5.9% |
| Other operating charges | 640/8 | €1,920 | €2,023 | +€104 | +5.4% |
| Gross operating margin | 9900 | €49,318 | €37,332 | -€11,986 | -24.3% |
| Operating profit (loss) | 9901 | €25,835 | €15,011 | -€10,824 | -41.9% |
| Financial income | 75/76B | €580 | €411 | -€169 | -29.1% |
| Recurring financial income | 75 | €580 | €411 | -€169 | -29.1% |
| Financial charges | 65/66B | €5,732 | €4,593 | -€1,139 | -19.9% |
| Recurring financial charges | 65 | €5,732 | €4,593 | -€1,139 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €20,683 | €10,828 | -€9,854 | -47.6% |
| Income taxes | 67/77 | €5,370 | €4,434 | -€937 | -17.4% |
| Profit (loss) for the period | 9904 | €15,313 | €6,395 | -€8,918 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,313 | €6,395 | -€8,918 | -58.2% |
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 13 October 2026 via checked.be.