VDCB Law: 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.
VDCB Law
Largest movements
- Tangible fixed assets +€8,962
up €8,962 (+124%), from €7,224 to €16,186
- Receivables within one year +€597
up €597 (+5.7%), from €10,482 to €11,079
of which Other amounts receivable: +€831
- Reserves +€8,966
up €8,966 (+63.0%), from €14,229 to €23,195
- Tax, wage and social debts +€1,671
up €1,671 (+57.3%), from €2,915 to €4,586
of which Taxes: +€1,671
- Accrued charges and deferred income -€824
down €824 (-68.7%), from €1,199 to €375
- Gross operating margin -€3,796
down €3,796 (-19.9%), from €19,070 to €15,274
- Depreciation +€1,403
up €1,403 (+193%), from €727 to €2,129
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 | €24,250 | €34,052 | +€9,802 | +40.4% |
| Fixed assets | 21/28 | €7,224 | €16,186 | +€8,962 | +124% |
| Tangible fixed assets | 22/27 | €7,224 | €16,186 | +€8,962 | +124% |
| Land and buildings | 22 | €962 | €5,170 | +€4,208 | +437% |
| Plant, machinery and equipment | 23 | €5,178 | €6,448 | +€1,270 | +24.5% |
| Furniture and vehicles | 24 | €1,083 | €4,567 | +€3,484 | +322% |
| Current assets | 29/58 | €17,027 | €17,866 | +€839 | +4.9% |
| Amounts receivable within one year | 40/41 | €10,482 | €11,079 | +€597 | +5.7% |
| Trade receivables | 40 | €8,676 | €8,442 | -€234 | -2.7% |
| Other amounts receivable | 41 | €1,806 | €2,637 | +€831 | +46.0% |
| Cash at bank and in hand | 54/58 | €6,544 | €6,787 | +€243 | +3.7% |
| Total equity and liabilities | 10/49 | €24,250 | €34,052 | +€9,802 | +40.4% |
| Equity | 10/15 | €19,229 | €28,195 | +€8,966 | +46.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €14,229 | €23,195 | +€8,966 | +63.0% |
| Distributable reserves | 133 | €14,229 | €23,195 | +€8,966 | +63.0% |
| Amounts payable | 17/49 | €5,021 | €5,857 | +€836 | +16.7% |
| Amounts payable within one year | 42/48 | €3,822 | €5,482 | +€1,660 | +43.4% |
| Trade debts | 44 | - | €100 | +€100 | |
| Suppliers | 440/4 | - | €100 | +€100 | |
| Taxes, remuneration and social security | 45 | €2,915 | €4,586 | +€1,671 | +57.3% |
| Taxes | 450/3 | €1,265 | €2,936 | +€1,671 | +132% |
| Remuneration and social security | 454/9 | €1,650 | €1,650 | = | 0.0% |
| Other amounts payable | 47/48 | €907 | €796 | -€111 | -12.2% |
| Accrued charges and deferred income | 492/3 | €1,199 | €375 | -€824 | -68.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €727 | €2,129 | +€1,403 | +193% |
| Other operating charges | 640/8 | €387 | €462 | +€74 | +19.2% |
| Gross operating margin | 9900 | €19,070 | €15,274 | -€3,796 | -19.9% |
| Operating profit (loss) | 9901 | €17,956 | €12,683 | -€5,274 | -29.4% |
| Financial income | 75/76B | €548 | €556 | +€8 | +1.4% |
| Recurring financial income | 75 | €548 | €556 | +€8 | +1.4% |
| Financial charges | 65/66B | €78 | €100 | +€22 | +28.3% |
| Recurring financial charges | 65 | €78 | €100 | +€22 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €18,426 | €13,138 | -€5,288 | -28.7% |
| Income taxes | 67/77 | €4,196 | €4,172 | -€24 | -0.6% |
| Profit (loss) for the period | 9904 | €14,229 | €8,966 | -€5,264 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,229 | €8,966 | -€5,264 | -37.0% |
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 17 October 2026 via checked.be.