VDCR: 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.
VDCR
Largest movements
- Cash -€27,920
down €27,920 (-89.7%), from €31,114 to €3,193
mainly Other debts (-€19,268) and Trade debts (-€15,015)
- Tangible fixed assets -€6,242
down €6,242 (-40.7%), from €15,340 to €9,099
of which Furniture and vehicles: -€6,180
- Receivables within one year +€2,778
up €2,778 (+13.1%), from €21,143 to €23,920
of which Trade receivables: +€2,751
- Other debts -€19,268
down €19,268 (-76.4%), from €25,221 to €5,953
- Trade debts -€15,015
down €15,015 (-85.1%), from €17,650 to €2,634
- Profit (loss) carried forward +€6,378
up €6,378, from -€4,806 to €1,572
- Tax, wage and social debts -€3,042
down €3,042 (-11.1%), from €27,525 to €24,483
of which Remuneration and social security: -€1,739
- Gross operating margin -€3,711
down €3,711 (-4.9%), from €76,106 to €72,395
- Staff costs +€2,533
up €2,533 (+5.1%), from €50,079 to €52,612
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 | €68,299 | €37,352 | -€30,947 | -45.3% |
| Fixed assets | 21/28 | €15,720 | €9,479 | -€6,242 | -39.7% |
| Tangible fixed assets | 22/27 | €15,340 | €9,099 | -€6,242 | -40.7% |
| Plant, machinery and equipment | 23 | €169 | €108 | -€62 | -36.4% |
| Furniture and vehicles | 24 | €15,171 | €8,991 | -€6,180 | -40.7% |
| Financial fixed assets | 28 | €380 | €380 | = | 0.0% |
| Current assets | 29/58 | €52,579 | €27,874 | -€24,705 | -47.0% |
| Amounts receivable within one year | 40/41 | €21,143 | €23,920 | +€2,778 | +13.1% |
| Trade receivables | 40 | €21,059 | €23,810 | +€2,751 | +13.1% |
| Other amounts receivable | 41 | €84 | €110 | +€26 | +31.5% |
| Cash at bank and in hand | 54/58 | €31,114 | €3,193 | -€27,920 | -89.7% |
| Deferred charges and accrued income | 490/1 | €322 | €760 | +€438 | +136% |
| Total equity and liabilities | 10/49 | €68,299 | €37,352 | -€30,947 | -45.3% |
| Equity | 10/15 | -€2,097 | €4,281 | +€6,378 | |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €2,708 | €2,708 | = | 0.0% |
| Distributable reserves | 133 | €2,708 | €2,708 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,806 | €1,572 | +€6,378 | |
| Amounts payable | 17/49 | €70,396 | €33,071 | -€37,325 | -53.0% |
| Amounts payable within one year | 42/48 | €70,396 | €33,071 | -€37,325 | -53.0% |
| Trade debts | 44 | €17,650 | €2,634 | -€15,015 | -85.1% |
| Suppliers | 440/4 | €17,650 | €2,634 | -€15,015 | -85.1% |
| Taxes, remuneration and social security | 45 | €27,525 | €24,483 | -€3,042 | -11.1% |
| Taxes | 450/3 | €18,216 | €16,913 | -€1,303 | -7.2% |
| Remuneration and social security | 454/9 | €9,310 | €7,571 | -€1,739 | -18.7% |
| Other amounts payable | 47/48 | €25,221 | €5,953 | -€19,268 | -76.4% |
| Remuneration, social security and pensions | 62 | €50,079 | €52,612 | +€2,533 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,306 | €9,128 | -€178 | -1.9% |
| Other operating charges | 640/8 | €709 | €71 | -€638 | -90.0% |
| Gross operating margin | 9900 | €76,106 | €72,395 | -€3,711 | -4.9% |
| Operating profit (loss) | 9901 | €16,013 | €10,585 | -€5,428 | -33.9% |
| Financial income | 75/76B | €50 | €0 | -€50 | -100.0% |
| Recurring financial income | 75 | €50 | €0 | -€50 | -100.0% |
| Financial charges | 65/66B | €606 | €267 | -€340 | -56.0% |
| Recurring financial charges | 65 | €606 | €267 | -€340 | -56.0% |
| Profit (loss) for the period before taxes | 9903 | €15,457 | €10,318 | -€5,139 | -33.2% |
| Income taxes | 67/77 | €4,210 | €3,940 | -€270 | -6.4% |
| Profit (loss) for the period | 9904 | €11,247 | €6,378 | -€4,868 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,247 | €6,378 | -€4,868 | -43.3% |
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 26 October 2026 via checked.be.