VDConcepts: 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.
VDConcepts
Largest movements
- Receivables within one year -€65,005
down €65,005 (-87.0%), from €74,747 to €9,742
- Financial fixed assets +€10,000
up €10,000 (+1.8%), from €550,000 to €560,000
- Other debts -€60,458
down €60,458 (-66.7%), from €90,580 to €30,121
- Debts after one year -€40,276
down €40,276 (-47.7%), from €84,512 to €44,236
- Current portion of long-term debt +€40,276
new in 2025: €40,276
- Reserves +€35,066
up €35,066 (+29.7%), from €118,239 to €153,306
- Short-term financial debts -€29,833
down €29,833 (-66.9%), from €44,583 to €14,750
- Gross operating margin +€5,781
up €5,781 (+13.6%), from €42,539 to €48,319
- Financial income -€2,426
down €2,426 (-51.5%), from €4,707 to €2,281
- Taxes +€1,073
up €1,073 (+11.9%), from €9,051 to €10,123
- Financial charges -€486
down €486 (-9.5%), from €5,116 to €4,630
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 | €633,548 | €580,981 | -€52,567 | -8.3% |
| Fixed assets | 21/28 | €550,000 | €563,370 | +€13,370 | +2.4% |
| Tangible fixed assets | 22/27 | - | €3,370 | +€3,370 | |
| Furniture and vehicles | 24 | - | €3,370 | +€3,370 | |
| Financial fixed assets | 28 | €550,000 | €560,000 | +€10,000 | +1.8% |
| Current assets | 29/58 | €83,548 | €17,611 | -€65,938 | -78.9% |
| Amounts receivable within one year | 40/41 | €74,747 | €9,742 | -€65,005 | -87.0% |
| Other amounts receivable | 41 | €74,747 | €9,742 | -€65,005 | -87.0% |
| Cash at bank and in hand | 54/58 | €83 | €1,802 | +€1,719 | +2,078% |
| Deferred charges and accrued income | 490/1 | €8,719 | €6,067 | -€2,652 | -30.4% |
| Total equity and liabilities | 10/49 | €633,548 | €580,981 | -€52,567 | -8.3% |
| Equity | 10/15 | €393,239 | €428,306 | +€35,066 | +8.9% |
| Contributions | 10/11 | €275,000 | €275,000 | = | 0.0% |
| Reserves | 13 | €118,239 | €153,306 | +€35,066 | +29.7% |
| Distributable reserves | 133 | €118,239 | €153,306 | +€35,066 | +29.7% |
| Amounts payable | 17/49 | €240,309 | €152,675 | -€87,634 | -36.5% |
| Amounts payable after more than one year | 17 | €84,512 | €44,236 | -€40,276 | -47.7% |
| Financial debts | 170/4 | €84,512 | €44,236 | -€40,276 | -47.7% |
| Amounts payable within one year | 42/48 | €155,797 | €108,440 | -€47,357 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | - | €40,276 | +€40,276 | |
| Financial debts | 43 | €44,583 | €14,750 | -€29,833 | -66.9% |
| Other loans | 439 | €44,583 | €14,750 | -€29,833 | -66.9% |
| Trade debts | 44 | €5,759 | €7,680 | +€1,921 | +33.4% |
| Suppliers | 440/4 | €5,759 | €7,680 | +€1,921 | +33.4% |
| Taxes, remuneration and social security | 45 | €14,876 | €15,612 | +€736 | +4.9% |
| Taxes | 450/3 | €14,876 | €15,612 | +€736 | +4.9% |
| Other amounts payable | 47/48 | €90,580 | €30,121 | -€60,458 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4 | +€4 | |
| Other operating charges | 640/8 | €721 | €777 | +€56 | +7.8% |
| Gross operating margin | 9900 | €42,539 | €48,319 | +€5,781 | +13.6% |
| Operating profit (loss) | 9901 | €41,817 | €47,538 | +€5,721 | +13.7% |
| Financial income | 75/76B | €4,707 | €2,281 | -€2,426 | -51.5% |
| Recurring financial income | 75 | €4,707 | €2,281 | -€2,426 | -51.5% |
| Financial charges | 65/66B | €5,116 | €4,630 | -€486 | -9.5% |
| Recurring financial charges | 65 | €5,116 | €4,630 | -€486 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €41,409 | €45,190 | +€3,781 | +9.1% |
| Income taxes | 67/77 | €9,051 | €10,123 | +€1,073 | +11.9% |
| Profit (loss) for the period | 9904 | €32,358 | €35,066 | +€2,709 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,358 | €35,066 | +€2,709 | +8.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.