VDC Medicine: 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 Medicine
Largest movements
- Cash +€73,055
up €73,055 (+264%), from €27,674 to €100,730
mainly Net result for the year (+€75,125) and Tax, wage and social debts (+€7,783)
- Tangible fixed assets +€5,305
new in 2025: €5,305
- Receivables within one year +€4,940
new in 2025: €4,940
- Deferred charges and accrued income +€3,071
up €3,071 (+6.7%), from €46,005 to €49,076
- Profit (loss) carried forward +€74,325
up €74,325 (+151%), from €49,270 to €123,595
- Tax, wage and social debts +€7,783
up €7,783 (+48.2%), from €16,133 to €23,916
- Trade debts +€4,045
up €4,045 (+499%), from €811 to €4,856
- Short-term financial debts +€3,220
up €3,220 (+486%), from €663 to €3,883
- Other debts -€3,002
down €3,002 (-79.0%), from €3,802 to €800
- Gross operating margin +€34,869
up €34,869 (+54.7%), from €63,802 to €98,671
- Taxes +€7,887
up €7,887 (+59.6%), from €13,224 to €21,111
- Financial charges +€1,569
up €1,569 (+307%), from €511 to €2,079
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 | €73,679 | €160,050 | +€86,371 | +117% |
| Fixed assets | 21/28 | - | €5,305 | +€5,305 | |
| Tangible fixed assets | 22/27 | - | €5,305 | +€5,305 | |
| Furniture and vehicles | 24 | - | €5,305 | +€5,305 | |
| Current assets | 29/58 | €73,679 | €154,745 | +€81,066 | +110% |
| Amounts receivable within one year | 40/41 | - | €4,940 | +€4,940 | |
| Other amounts receivable | 41 | - | €4,940 | +€4,940 | |
| Cash at bank and in hand | 54/58 | €27,674 | €100,730 | +€73,055 | +264% |
| Deferred charges and accrued income | 490/1 | €46,005 | €49,076 | +€3,071 | +6.7% |
| Total equity and liabilities | 10/49 | €73,679 | €160,050 | +€86,371 | +117% |
| Equity | 10/15 | €52,270 | €126,595 | +€74,325 | +142% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,270 | €123,595 | +€74,325 | +151% |
| Amounts payable | 17/49 | €21,409 | €33,455 | +€12,046 | +56.3% |
| Amounts payable within one year | 42/48 | €21,409 | €33,455 | +€12,046 | +56.3% |
| Financial debts | 43 | €663 | €3,883 | +€3,220 | +486% |
| Credit institutions | 430/8 | €663 | €3,883 | +€3,220 | +486% |
| Trade debts | 44 | €811 | €4,856 | +€4,045 | +499% |
| Suppliers | 440/4 | €811 | €4,856 | +€4,045 | +499% |
| Taxes, remuneration and social security | 45 | €16,133 | €23,916 | +€7,783 | +48.2% |
| Taxes | 450/3 | €16,133 | €23,916 | +€7,783 | +48.2% |
| Other amounts payable | 47/48 | €3,802 | €800 | -€3,002 | -79.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €710 | +€710 | |
| Gross operating margin | 9900 | €63,802 | €98,671 | +€34,869 | +54.7% |
| Operating profit (loss) | 9901 | €63,802 | €97,961 | +€34,159 | +53.5% |
| Financial income | 75/76B | €3 | €355 | +€351 | +10,060% |
| Recurring financial income | 75 | €3 | €355 | +€351 | +10,060% |
| Financial charges | 65/66B | €511 | €2,079 | +€1,569 | +307% |
| Recurring financial charges | 65 | €511 | €2,079 | +€1,569 | +307% |
| Profit (loss) for the period before taxes | 9903 | €63,295 | €96,236 | +€32,942 | +52.0% |
| Income taxes | 67/77 | €13,224 | €21,111 | +€7,887 | +59.6% |
| Profit (loss) for the period | 9904 | €50,070 | €75,125 | +€25,055 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,070 | €75,125 | +€25,055 | +50.0% |
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 19 October 2026 via checked.be.