VDC ADVIES: 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 ADVIES
Largest movements
- Stocks and contracts +€599,253
up €599,253 (+971%), from €61,729 to €660,983
- Tangible fixed assets -€8,544
down €8,544 (-13.6%), from €62,612 to €54,068
of which Furniture and vehicles: -€7,787
- Short-term financial debts +€590,000
new in 2025: €590,000
- Debts after one year -€14,251
down €14,251 (-59.5%), from €23,971 to €9,720
- Reserves +€11,124
up €11,124 (+10.1%), from €109,649 to €120,773
- Other debts +€8,484
new in 2025: €8,484
- Gross operating margin -€5,768
down €5,768 (-13.2%), from €43,633 to €37,865
- Taxes -€1,875
down €1,875 (-29.7%), from €6,318 to €4,443
- Depreciation +€1,714
up €1,714 (+9.4%), from €18,176 to €19,889
- Financial charges -€505
down €505 (-28.4%), from €1,779 to €1,274
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 | €167,469 | €759,065 | +€591,596 | +353% |
| Formation expenses | 20 | €139 | €0 | -€139 | -100% |
| Fixed assets | 21/28 | €62,612 | €54,068 | -€8,544 | -13.6% |
| Tangible fixed assets | 22/27 | €62,612 | €54,068 | -€8,544 | -13.6% |
| Furniture and vehicles | 24 | €57,673 | €49,886 | -€7,787 | -13.5% |
| Other tangible fixed assets | 26 | €4,939 | €4,182 | -€757 | -15.3% |
| Current assets | 29/58 | €104,718 | €704,996 | +€600,279 | +573% |
| Stocks and contracts in progress | 3 | €61,729 | €660,983 | +€599,253 | +971% |
| Stocks | 30/36 | €61,729 | €660,983 | +€599,253 | +971% |
| Amounts receivable within one year | 40/41 | €2,984 | €2,719 | -€266 | -8.9% |
| Other amounts receivable | 41 | €2,984 | €2,719 | -€266 | -8.9% |
| Cash at bank and in hand | 54/58 | €37,486 | €39,259 | +€1,772 | +4.7% |
| Deferred charges and accrued income | 490/1 | €2,518 | €2,036 | -€481 | -19.1% |
| Total equity and liabilities | 10/49 | €167,469 | €759,065 | +€591,596 | +353% |
| Equity | 10/15 | €112,149 | €123,273 | +€11,124 | +9.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €109,649 | €120,773 | +€11,124 | +10.1% |
| Distributable reserves | 133 | €109,649 | €120,773 | +€11,124 | +10.1% |
| Amounts payable | 17/49 | €55,320 | €635,792 | +€580,472 | +1,049% |
| Amounts payable after more than one year | 17 | €23,971 | €9,720 | -€14,251 | -59.5% |
| Financial debts | 170/4 | €23,971 | €9,720 | -€14,251 | -59.5% |
| Amounts payable within one year | 42/48 | €31,349 | €626,072 | +€594,723 | +1,897% |
| Current portion of amounts payable after more than one year | 42 | €13,867 | €14,251 | +€384 | +2.8% |
| Financial debts | 43 | - | €590,000 | +€590,000 | |
| Credit institutions | 430/8 | - | €590,000 | +€590,000 | |
| Trade debts | 44 | €13,575 | €11,587 | -€1,988 | -14.6% |
| Suppliers | 440/4 | €13,575 | €11,587 | -€1,988 | -14.6% |
| Taxes, remuneration and social security | 45 | €3,907 | €1,750 | -€2,157 | -55.2% |
| Taxes | 450/3 | €3,907 | €1,750 | -€2,157 | -55.2% |
| Other amounts payable | 47/48 | - | €8,484 | +€8,484 | |
| Non-recurring operating income | 76A | €4,853 | €0 | -€4,853 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,176 | €19,889 | +€1,714 | +9.4% |
| Other operating charges | 640/8 | €962 | €1,136 | +€174 | +18.1% |
| Gross operating margin | 9900 | €43,633 | €37,865 | -€5,768 | -13.2% |
| Operating profit (loss) | 9901 | €24,496 | €16,840 | -€7,656 | -31.3% |
| Financial income | 75/76B | €160 | €1 | -€159 | -99.3% |
| Recurring financial income | 75 | €160 | €1 | -€159 | -99.3% |
| Financial charges | 65/66B | €1,779 | €1,274 | -€505 | -28.4% |
| Recurring financial charges | 65 | €1,779 | €1,274 | -€505 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €22,877 | €15,567 | -€7,310 | -32.0% |
| Income taxes | 67/77 | €6,318 | €4,443 | -€1,875 | -29.7% |
| Profit (loss) for the period | 9904 | €16,559 | €11,124 | -€5,435 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,559 | €11,124 | -€5,435 | -32.8% |
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 25 October 2026 via checked.be.