VDC ACCOUNTANCY: 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.
VDC ACCOUNTANCY
Largest movements
- Receivables after one year -€100,000
down €100,000 (-100%), from €100,000 to €0
- Receivables within one year +€91,211
up €91,211 (+24.8%), from €368,441 to €459,653
of which Trade receivables: +€46,437
- Cash -€43,173
down €43,173 (-58.2%), from €74,232 to €31,058
mainly Contributions, distributions and other (-€143,185) and Receivables within one year (-€91,211)
- Tangible fixed assets +€27,998
new in 2025: €27,998
- Other debts -€12,237
down €12,237 (-100%), from €12,237 to €0
- Reserves -€11,889
down €11,889 (-2.8%), from €419,944 to €408,055
of which Distributable reserves: -€11,889
- Debts after one year -€10,271
down €10,271 (-11.5%), from €89,124 to €78,853
- Short-term financial debts +€7,061
up €7,061 (+17,669%), from €40 to €7,101
- Gross operating margin +€26,247
up €26,247 (+13.8%), from €189,823 to €216,070
- Taxes +€13,615
up €13,615 (+21.2%), from €64,148 to €77,763
- Depreciation +€2,655
up €2,655, from €0 to €2,655
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 | €554,713 | €526,017 | -€28,695 | -5.2% |
| Fixed assets | 21/28 | - | €27,998 | +€27,998 | |
| Tangible fixed assets | 22/27 | - | €27,998 | +€27,998 | |
| Plant, machinery and equipment | 23 | - | €27,998 | +€27,998 | |
| Current assets | 29/58 | €554,713 | €498,019 | -€56,694 | -10.2% |
| Amounts receivable after more than one year | 29 | €100,000 | €0 | -€100,000 | -100% |
| Trade receivables | 290 | €100,000 | €0 | -€100,000 | -100% |
| Amounts receivable within one year | 40/41 | €368,441 | €459,653 | +€91,211 | +24.8% |
| Trade receivables | 40 | €70,532 | €116,969 | +€46,437 | +65.8% |
| Other amounts receivable | 41 | €297,909 | €342,684 | +€44,775 | +15.0% |
| Cash at bank and in hand | 54/58 | €74,232 | €31,058 | -€43,173 | -58.2% |
| Deferred charges and accrued income | 490/1 | €12,040 | €7,308 | -€4,732 | -39.3% |
| Total equity and liabilities | 10/49 | €554,713 | €526,017 | -€28,695 | -5.2% |
| Equity | 10/15 | €419,944 | €408,055 | -€11,889 | -2.8% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €419,944 | €408,055 | -€11,889 | -2.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €419,944 | €408,055 | -€11,889 | -2.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €134,769 | €117,963 | -€16,806 | -12.5% |
| Amounts payable after more than one year | 17 | €89,124 | €78,853 | -€10,271 | -11.5% |
| Financial debts | 170/4 | €89,124 | €78,853 | -€10,271 | -11.5% |
| Amounts payable within one year | 42/48 | €45,645 | €39,110 | -€6,535 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €11,844 | €10,271 | -€1,573 | -13.3% |
| Financial debts | 43 | €40 | €7,101 | +€7,061 | +17,669% |
| Credit institutions | 430/8 | €40 | €7,101 | +€7,061 | +17,669% |
| Trade debts | 44 | €6,561 | €7,909 | +€1,348 | +20.5% |
| Suppliers | 440/4 | €6,561 | €7,909 | +€1,348 | +20.5% |
| Taxes, remuneration and social security | 45 | €14,963 | €13,829 | -€1,134 | -7.6% |
| Taxes | 450/3 | €14,963 | €13,829 | -€1,134 | -7.6% |
| Other amounts payable | 47/48 | €12,237 | €0 | -€12,237 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €2,655 | +€2,655 | |
| Other operating charges | 640/8 | €743 | €566 | -€177 | -23.8% |
| Gross operating margin | 9900 | €189,823 | €216,070 | +€26,247 | +13.8% |
| Operating profit (loss) | 9901 | €189,080 | €212,848 | +€23,768 | +12.6% |
| Financial income | 75/76B | €1,875 | €860 | -€1,015 | -54.1% |
| Recurring financial income | 75 | €1,875 | €860 | -€1,015 | -54.1% |
| Financial charges | 65/66B | €4,072 | €4,649 | +€577 | +14.2% |
| Recurring financial charges | 65 | €4,072 | €4,649 | +€577 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €186,882 | €209,059 | +€22,177 | +11.9% |
| Income taxes | 67/77 | €64,148 | €77,763 | +€13,615 | +21.2% |
| Profit (loss) for the period | 9904 | €122,735 | €131,296 | +€8,562 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €122,735 | €131,296 | +€8,562 | +7.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.