VDC Finance: 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 Finance
Largest movements
- Receivables within one year -€2.7m
down €2.7m (-92.7%), from €2.9m to €210,134
of which Other amounts receivable: -€2.7m
- Other debts -€2.7m
no longer reported in 2025 (was €2.7m)
- Gross operating margin -€102,117
down €102,117, from €100,312 to -€1,805
- Taxes -€24,829
no longer reported in 2025 (was €24,829)
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 | €2,887,882 | €234,888 | -€2.7m | -91.9% |
| Current assets | 29/58 | €2,887,882 | €234,888 | -€2.7m | -91.9% |
| Amounts receivable within one year | 40/41 | €2,885,731 | €210,134 | -€2.7m | -92.7% |
| Trade receivables | 40 | €25,597 | - | -€25,597 | |
| Other amounts receivable | 41 | €2,860,134 | €210,134 | -€2.7m | -92.7% |
| Cash at bank and in hand | 54/58 | €2,152 | €24,754 | +€22,603 | +1,050% |
| Total equity and liabilities | 10/49 | €2,887,882 | €234,888 | -€2.7m | -91.9% |
| Equity | 10/15 | €236,956 | €234,476 | -€2,480 | -1.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €186,956 | €184,476 | -€2,480 | -1.3% |
| Amounts payable | 17/49 | €2,650,926 | €412 | -€2.7m | -100.0% |
| Amounts payable within one year | 42/48 | €2,650,926 | €412 | -€2.7m | -100.0% |
| Trade debts | 44 | €926 | €412 | -€514 | -55.5% |
| Suppliers | 440/4 | €926 | €412 | -€514 | -55.5% |
| Other amounts payable | 47/48 | €2,650,000 | - | -€2.7m | |
| Other operating charges | 640/8 | €528 | €1,143 | +€615 | +116% |
| Gross operating margin | 9900 | €100,312 | -€1,805 | -€102,117 | |
| Operating profit (loss) | 9901 | €99,784 | -€2,947 | -€102,731 | |
| Financial income | 75/76B | - | €522 | +€522 | |
| Recurring financial income | 75 | - | €522 | +€522 | |
| Financial charges | 65/66B | €469 | €54 | -€415 | -88.5% |
| Recurring financial charges | 65 | €469 | €54 | -€415 | -88.5% |
| Profit (loss) for the period before taxes | 9903 | €99,315 | -€2,480 | -€101,795 | |
| Income taxes | 67/77 | €24,829 | - | -€24,829 | |
| Profit (loss) for the period | 9904 | €74,486 | -€2,480 | -€76,966 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,486 | -€2,480 | -€76,966 |
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 20 October 2026 via checked.be.