VDC Beheer: 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.
VDC Beheer
Largest movements
- Current investments -€13,226
down €13,226 (-7.1%), from €187,175 to €173,949
- Cash -€3,020
down €3,020 (-21.8%), from €13,866 to €10,846
mainly Contributions, distributions and other (-€26,800) and Deferred charges and accrued income (-€1,482)
- Reserves -€18,000
down €18,000 (-8.5%), from €210,800 to €192,800
- Other debts +€3,407
up €3,407 (+12.2%), from €28,037 to €31,444
- Depreciation -€3,993
down €3,993 (-94.8%), from €4,210 to €217
- Financial income +€2,080
up €2,080 (+587.6%), from €354 to €2,434
- Taxes +€1,652
up €1,652 (+69.5%), from €2,376 to €4,028
- Gross operating margin -€504
down €504 (-3.8%), from €13,284 to €12,780
- Financial charges +€225
up €225 (+500.0%), from €45 to €270
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 | €250,837 | €235,856 | -€14,981 | -6.0% |
| Fixed assets | 21/28 | €49,766 | €49,549 | -€217 | -0.4% |
| Tangible fixed assets | 22/27 | €49,766 | €49,549 | -€217 | -0.4% |
| Land and buildings | 22 | €49,766 | €49,549 | -€217 | -0.4% |
| Current assets | 29/58 | €201,071 | €186,307 | -€14,764 | -7.3% |
| Current investments | 50/53 | €187,175 | €173,949 | -€13,226 | -7.1% |
| Cash at bank and in hand | 54/58 | €13,866 | €10,846 | -€3,020 | -21.8% |
| Deferred charges and accrued income | 490/1 | €30 | €1,512 | +€1,482 | +4940.0% |
| Total equity and liabilities | 10/49 | €250,837 | €235,856 | -€14,981 | -6.0% |
| Equity | 10/15 | €221,736 | €203,821 | -€17,915 | -8.1% |
| Contributions | 10/11 | €10,840 | €10,840 | = | 0.0% |
| Reserves | 13 | €210,800 | €192,800 | -€18,000 | -8.5% |
| Distributable reserves | 133 | €210,800 | €192,800 | -€18,000 | -8.5% |
| Profit (loss) carried forward | 14 | €96 | €181 | +€85 | +88.5% |
| Amounts payable | 17/49 | €29,101 | €32,035 | +€2,934 | +10.1% |
| Amounts payable within one year | 42/48 | €28,808 | €31,742 | +€2,934 | +10.2% |
| Taxes, remuneration and social security | 45 | €771 | €298 | -€473 | -61.3% |
| Taxes | 450/3 | €771 | €298 | -€473 | -61.3% |
| Other amounts payable | 47/48 | €28,037 | €31,444 | +€3,407 | +12.2% |
| Accrued charges and deferred income | 492/3 | €293 | €293 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,210 | €217 | -€3,993 | -94.8% |
| Other operating charges | 640/8 | €1,797 | €1,814 | +€17 | +0.9% |
| Gross operating margin | 9900 | €13,284 | €12,780 | -€504 | -3.8% |
| Operating profit (loss) | 9901 | €7,277 | €10,749 | +€3,472 | +47.7% |
| Financial income | 75/76B | €354 | €2,434 | +€2,080 | +587.6% |
| Recurring financial income | 75 | €354 | €2,434 | +€2,080 | +587.6% |
| Financial charges | 65/66B | €45 | €270 | +€225 | +500.0% |
| Recurring financial charges | 65 | €45 | €270 | +€225 | +500.0% |
| Profit (loss) for the period before taxes | 9903 | €7,586 | €12,913 | +€5,327 | +70.2% |
| Income taxes | 67/77 | €2,376 | €4,028 | +€1,652 | +69.5% |
| Profit (loss) for the period | 9904 | €5,210 | €8,885 | +€3,675 | +70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,210 | €8,885 | +€3,675 | +70.5% |
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 9 October 2026 via checked.be.