VDBTRA: what changed
Two fiscal 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.
VDBTRA
Largest movements
- Tangible fixed assets -€34,788
down €34,788 (-27.1%), from €128,362 to €93,574
of which Leasing and similar rights: -€33,762
- Cash -€5,633
down €5,633 (-12.0%), from €46,960 to €41,327
mainly Debts after one year (-€31,798) and Other debts (-€10,190)
- Debts after one year -€31,798
down €31,798 (-48.4%), from €65,643 to €33,845
- Other debts -€10,190
down €10,190 (-100.0%), from €10,190 to €0
- Tax, wage and social debts -€7,351
down €7,351 (-81.2%), from €9,049 to €1,698
- Reserves +€5,760
up €5,760 (+10.4%), from €55,271 to €61,030
- Trade debts +€4,123
up €4,123 (+30.9%), from €13,349 to €17,472
- Other operating charges +€2,104
up €2,104 (+12.4%), from €16,985 to €19,089
- Financial charges -€1,148
down €1,148 (-32.3%), from €3,557 to €2,409
- Gross operating margin -€992
down €992 (-1.4%), from €69,126 to €68,135
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.
Cash bridge derived
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 | €205,941 | €167,149 | -€38,792 | -18.8% |
| Fixed assets | 21/28 | €128,497 | €93,709 | -€34,788 | -27.1% |
| Tangible fixed assets | 22/27 | €128,362 | €93,574 | -€34,788 | -27.1% |
| Land and buildings | 22 | - | €1,982 | +€1,982 | |
| Furniture and vehicles | 24 | €5,724 | €4,081 | -€1,643 | -28.7% |
| Leasing and similar rights | 25 | €112,231 | €78,468 | -€33,762 | -30.1% |
| Other tangible fixed assets | 26 | €10,407 | €9,042 | -€1,365 | -13.1% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €77,444 | €73,440 | -€4,004 | -5.2% |
| Amounts receivable within one year | 40/41 | €27,716 | €28,378 | +€662 | +2.4% |
| Trade receivables | 40 | €27,566 | €26,144 | -€1,422 | -5.2% |
| Other amounts receivable | 41 | €150 | €2,233 | +€2,083 | +1388.9% |
| Cash at bank and in hand | 54/58 | €46,960 | €41,327 | -€5,633 | -12.0% |
| Deferred charges and accrued income | 490/1 | €2,768 | €3,735 | +€967 | +34.9% |
| Total equity and liabilities | 10/49 | €205,941 | €167,149 | -€38,792 | -18.8% |
| Equity | 10/15 | €77,271 | €83,030 | +€5,760 | +7.5% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €55,271 | €61,030 | +€5,760 | +10.4% |
| Distributable reserves | 133 | €55,271 | €61,030 | +€5,760 | +10.4% |
| Amounts payable | 17/49 | €128,670 | €84,118 | -€44,552 | -34.6% |
| Amounts payable after more than one year | 17 | €65,643 | €33,845 | -€31,798 | -48.4% |
| Financial debts | 170/4 | €65,643 | €33,845 | -€31,798 | -48.4% |
| Amounts payable within one year | 42/48 | €63,027 | €50,273 | -€12,754 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €30,439 | €31,103 | +€664 | +2.2% |
| Trade debts | 44 | €13,349 | €17,472 | +€4,123 | +30.9% |
| Suppliers | 440/4 | €13,349 | €17,472 | +€4,123 | +30.9% |
| Taxes, remuneration and social security | 45 | €9,049 | €1,698 | -€7,351 | -81.2% |
| Taxes | 450/3 | €9,049 | €1,698 | -€7,351 | -81.2% |
| Other amounts payable | 47/48 | €10,190 | €0 | -€10,190 | -100.0% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,924 | €36,956 | +€32 | +0.1% |
| Other operating charges | 640/8 | €16,985 | €19,089 | +€2,104 | +12.4% |
| Gross operating margin | 9900 | €69,126 | €68,135 | -€992 | -1.4% |
| Operating profit (loss) | 9901 | €15,217 | €12,090 | -€3,127 | -20.5% |
| Financial income | 75/76B | €152 | €118 | -€34 | -22.4% |
| Recurring financial income | 75 | €152 | €118 | -€34 | -22.4% |
| Financial charges | 65/66B | €3,557 | €2,409 | -€1,148 | -32.3% |
| Recurring financial charges | 65 | €3,557 | €2,409 | -€1,148 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €11,813 | €9,799 | -€2,013 | -17.0% |
| Income taxes | 67/77 | €4,463 | €4,040 | -€423 | -9.5% |
| Profit (loss) for the period | 9904 | €7,350 | €5,760 | -€1,590 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,350 | €5,760 | -€1,590 | -21.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.