VDD ACCOUNTANTS: 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.
VDD ACCOUNTANTS
Largest movements
- Cash +€420,906
up €420,906 (+23.2%), from €1.8m to €2.2m
mainly Net result for the year (+€400,233) and Tax, wage and social debts (+€35,782)
- Profit (loss) carried forward +€400,233
up €400,233 (+29.4%), from €1.4m to €1.8m
- Tax, wage and social debts +€35,782
up €35,782 (+20.5%), from €174,640 to €210,422
- Gross operating margin +€76,172
up €76,172 (+16.7%), from €455,136 to €531,308
- Taxes +€47,295
up €47,295 (+48.9%), from €96,774 to €144,069
- Depreciation +€11,979
up €11,979 (+393%), from €3,046 to €15,025
- Financial income -€5,441
down €5,441 (-15.2%), from €35,807 to €30,366
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 | €3,002,121 | €3,434,082 | +€431,961 | +14.4% |
| Fixed assets | 21/28 | €346,154 | €335,166 | -€10,988 | -3.2% |
| Tangible fixed assets | 22/27 | €70,061 | €59,073 | -€10,988 | -15.7% |
| Plant, machinery and equipment | 23 | - | €3,633 | +€3,633 | |
| Furniture and vehicles | 24 | €70,061 | €55,440 | -€14,621 | -20.9% |
| Financial fixed assets | 28 | €276,093 | €276,093 | = | 0.0% |
| Current assets | 29/58 | €2,655,967 | €3,098,916 | +€442,949 | +16.7% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €534,974 | €556,166 | +€21,192 | +4.0% |
| Trade receivables | 40 | €295,119 | €305,755 | +€10,636 | +3.6% |
| Other amounts receivable | 41 | €239,855 | €250,411 | +€10,556 | +4.4% |
| Cash at bank and in hand | 54/58 | €1,816,526 | €2,237,432 | +€420,906 | +23.2% |
| Deferred charges and accrued income | 490/1 | €4,467 | €5,318 | +€851 | +19.1% |
| Total equity and liabilities | 10/49 | €3,002,121 | €3,434,082 | +€431,961 | +14.4% |
| Equity | 10/15 | €2,822,223 | €3,222,456 | +€400,233 | +14.2% |
| Contributions | 10/11 | €147,400 | €147,400 | = | 0.0% |
| Reserves | 13 | €1,314,740 | €1,314,740 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,740 | €14,740 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,740 | €14,740 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,300,000 | €1,300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,360,083 | €1,760,316 | +€400,233 | +29.4% |
| Amounts payable | 17/49 | €179,898 | €211,626 | +€31,728 | +17.6% |
| Amounts payable within one year | 42/48 | €179,793 | €211,521 | +€31,728 | +17.6% |
| Trade debts | 44 | €5,153 | €1,099 | -€4,054 | -78.7% |
| Suppliers | 440/4 | €5,153 | €1,099 | -€4,054 | -78.7% |
| Taxes, remuneration and social security | 45 | €174,640 | €210,422 | +€35,782 | +20.5% |
| Taxes | 450/3 | €174,640 | €210,422 | +€35,782 | +20.5% |
| Accrued charges and deferred income | 492/3 | €105 | €105 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,046 | €15,025 | +€11,979 | +393% |
| Other operating charges | 640/8 | €1,664 | €1,443 | -€221 | -13.3% |
| Gross operating margin | 9900 | €455,136 | €531,308 | +€76,172 | +16.7% |
| Operating profit (loss) | 9901 | €450,426 | €514,840 | +€64,414 | +14.3% |
| Financial income | 75/76B | €35,807 | €30,366 | -€5,441 | -15.2% |
| Recurring financial income | 75 | €35,807 | €30,366 | -€5,441 | -15.2% |
| Financial charges | 65/66B | €490 | €904 | +€414 | +84.5% |
| Recurring financial charges | 65 | €490 | €904 | +€414 | +84.5% |
| Profit (loss) for the period before taxes | 9903 | €485,743 | €544,302 | +€58,559 | +12.1% |
| Income taxes | 67/77 | €96,774 | €144,069 | +€47,295 | +48.9% |
| Profit (loss) for the period | 9904 | €388,969 | €400,233 | +€11,264 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €388,969 | €400,233 | +€11,264 | +2.9% |
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 23 October 2026 via checked.be.