VDC CONCEPT: 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 CONCEPT
Largest movements
- Tangible fixed assets -€13,544
down €13,544 (-45.3%), from €29,921 to €16,377
of which Furniture and vehicles: -€11,752
- Cash +€2,320
up €2,320 (+17.4%), from €13,343 to €15,663
mainly Depreciation (+€14,792) and Net result for the year (+€8,484)
- Deferred charges and accrued income +€632
up €632 (+76.6%), from €825 to €1,457
- Current portion of long-term debt -€22,141
down €22,141 (-72.7%), from €30,435 to €8,294
- Profit (loss) carried forward +€8,484
up €8,484, from -€5,901 to €2,583
- Trade debts +€7,640
up €7,640 (+210.5%), from €3,629 to €11,269
- Debts after one year -€4,951
no longer reported in 2025 (was €4,951)
- Tax, wage and social debts +€4,167
up €4,167 (+80.4%), from €5,183 to €9,349
of which Remuneration and social security: +€2,772
- Staff costs +€6,379
new in 2025: €6,379
- Taxes -€1,271
down €1,271 (-22.2%), from €5,733 to €4,462
- Financial charges -€1,187
down €1,187 (-58.1%), from €2,042 to €856
- Depreciation -€760
down €760 (-4.9%), from €15,551 to €14,792
- Other operating charges -€381
down €381 (-19.9%), from €1,919 to €1,538
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 | €51,011 | €39,642 | -€11,369 | -22.3% |
| Fixed assets | 21/28 | €29,921 | €16,377 | -€13,544 | -45.3% |
| Tangible fixed assets | 22/27 | €29,921 | €16,377 | -€13,544 | -45.3% |
| Plant, machinery and equipment | 23 | €1,465 | €657 | -€808 | -55.2% |
| Furniture and vehicles | 24 | €24,318 | €12,567 | -€11,752 | -48.3% |
| Other tangible fixed assets | 26 | €4,138 | €3,153 | -€984 | -23.8% |
| Current assets | 29/58 | €21,090 | €23,265 | +€2,175 | +10.3% |
| Stocks and contracts in progress | 3 | €4,039 | €3,548 | -€491 | -12.2% |
| Stocks | 30/36 | €4,039 | €3,548 | -€491 | -12.2% |
| Amounts receivable within one year | 40/41 | €2,883 | €2,597 | -€286 | -9.9% |
| Trade receivables | 40 | €212 | €2,051 | +€1,838 | +865.3% |
| Other amounts receivable | 41 | €2,671 | €547 | -€2,124 | -79.5% |
| Cash at bank and in hand | 54/58 | €13,343 | €15,663 | +€2,320 | +17.4% |
| Deferred charges and accrued income | 490/1 | €825 | €1,457 | +€632 | +76.6% |
| Total equity and liabilities | 10/49 | €51,011 | €39,642 | -€11,369 | -22.3% |
| Equity | 10/15 | €1,045 | €9,529 | +€8,484 | +812.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €746 | €746 | = | 0.0% |
| Distributable reserves | 133 | €746 | €746 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,901 | €2,583 | +€8,484 | |
| Amounts payable | 17/49 | €49,966 | €30,113 | -€19,853 | -39.7% |
| Amounts payable after more than one year | 17 | €4,951 | - | -€4,951 | |
| Financial debts | 170/4 | €4,951 | - | -€4,951 | |
| Amounts payable within one year | 42/48 | €43,486 | €30,113 | -€13,372 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €30,435 | €8,294 | -€22,141 | -72.7% |
| Trade debts | 44 | €3,629 | €11,269 | +€7,640 | +210.5% |
| Suppliers | 440/4 | €3,629 | €11,269 | +€7,640 | +210.5% |
| Advances received on contracts in progress | 46 | €3,706 | - | -€3,706 | |
| Taxes, remuneration and social security | 45 | €5,183 | €9,349 | +€4,167 | +80.4% |
| Taxes | 450/3 | €3,109 | €4,503 | +€1,394 | +44.8% |
| Remuneration and social security | 454/9 | €2,074 | €4,846 | +€2,772 | +133.7% |
| Other amounts payable | 47/48 | €533 | €1,201 | +€668 | +125.3% |
| Accrued charges and deferred income | 492/3 | €1,530 | - | -€1,530 | |
| Remuneration, social security and pensions | 62 | - | €6,379 | +€6,379 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,551 | €14,792 | -€760 | -4.9% |
| Other operating charges | 640/8 | €1,919 | €1,538 | -€381 | -19.9% |
| Gross operating margin | 9900 | €34,834 | €35,015 | +€181 | +0.5% |
| Operating profit (loss) | 9901 | €17,363 | €12,306 | -€5,057 | -29.1% |
| Financial income | 75/76B | €1,518 | €1,496 | -€22 | -1.5% |
| Recurring financial income | 75 | €1,518 | €1,496 | -€22 | -1.5% |
| Financial charges | 65/66B | €2,042 | €856 | -€1,187 | -58.1% |
| Recurring financial charges | 65 | €2,042 | €856 | -€1,187 | -58.1% |
| Profit (loss) for the period before taxes | 9903 | €16,839 | €12,946 | -€3,893 | -23.1% |
| Income taxes | 67/77 | €5,733 | €4,462 | -€1,271 | -22.2% |
| Profit (loss) for the period | 9904 | €11,106 | €8,484 | -€2,622 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,106 | €8,484 | -€2,622 | -23.6% |
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 9 October 2026 via checked.be.