VDD DESIGN: 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 DESIGN
Largest movements
- Tangible fixed assets -€238,209
down €238,209 (-88.7%), from €268,407 to €30,199
of which Land and buildings: -€230,345
- Current investments -€13,887
down €13,887 (-99.4%), from €13,975 to €89
- Receivables within one year +€13,482
up €13,482 (+21.4%), from €63,092 to €76,575
of which Trade receivables: +€14,344
- Debts after one year -€198,912
down €198,912 (-96.5%), from €206,142 to €7,230
- Profit (loss) carried forward -€57,928
down €57,928 (-346.6%), from -€16,715 to -€74,643
- Trade debts +€45,990
up €45,990 (+356.4%), from €12,904 to €58,893
- Current portion of long-term debt -€14,858
down €14,858 (-77.0%), from €19,293 to €4,435
- Tax, wage and social debts -€5,436
down €5,436 (-79.3%), from €6,850 to €1,415
of which Taxes: -€2,865
- Gross operating margin -€58,318
down €58,318, from €47,735 to -€10,583
- Staff costs -€19,905
down €19,905 (-85.8%), from €23,191 to €3,287
- Other operating charges +€17,139
up €17,139 (+1011.6%), from €1,694 to €18,833
- Depreciation -€12,303
down €12,303 (-54.9%), from €22,394 to €10,091
- Financial charges +€9,171
up €9,171 (+114.9%), from €7,984 to €17,155
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.
Cash bridge derived
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 | €382,705 | €149,566 | -€233,139 | -60.9% |
| Fixed assets | 21/28 | €268,407 | €30,199 | -€238,209 | -88.7% |
| Tangible fixed assets | 22/27 | €268,407 | €30,199 | -€238,209 | -88.7% |
| Land and buildings | 22 | €230,345 | €0 | -€230,345 | -100.0% |
| Plant, machinery and equipment | 23 | €33,879 | €26,032 | -€7,846 | -23.2% |
| Furniture and vehicles | 24 | €553 | €885 | +€332 | +60.1% |
| Other tangible fixed assets | 26 | €3,630 | €3,281 | -€349 | -9.6% |
| Current assets | 29/58 | €114,298 | €119,367 | +€5,070 | +4.4% |
| Stocks and contracts in progress | 3 | €19,744 | €22,125 | +€2,381 | +12.1% |
| Stocks | 30/36 | €19,744 | €22,125 | +€2,381 | +12.1% |
| Amounts receivable within one year | 40/41 | €63,092 | €76,575 | +€13,482 | +21.4% |
| Trade receivables | 40 | €31,145 | €45,490 | +€14,344 | +46.1% |
| Other amounts receivable | 41 | €31,947 | €31,085 | -€862 | -2.7% |
| Current investments | 50/53 | €13,975 | €89 | -€13,887 | -99.4% |
| Cash at bank and in hand | 54/58 | €15,619 | €18,725 | +€3,106 | +19.9% |
| Deferred charges and accrued income | 490/1 | €1,867 | €1,854 | -€13 | -0.7% |
| Total equity and liabilities | 10/49 | €382,705 | €149,566 | -€233,139 | -60.9% |
| Equity | 10/15 | €120,573 | €62,645 | -€57,928 | -48.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €118,738 | €118,738 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €116,883 | €116,883 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,715 | -€74,643 | -€57,928 | -346.6% |
| Amounts payable | 17/49 | €262,132 | €86,921 | -€175,211 | -66.8% |
| Amounts payable after more than one year | 17 | €206,142 | €7,230 | -€198,912 | -96.5% |
| Financial debts | 170/4 | €206,142 | €7,230 | -€198,912 | -96.5% |
| Amounts payable within one year | 42/48 | €55,989 | €79,643 | +€23,654 | +42.2% |
| Current portion of amounts payable after more than one year | 42 | €19,293 | €4,435 | -€14,858 | -77.0% |
| Financial debts | 43 | €16,943 | €14,900 | -€2,043 | -12.1% |
| Credit institutions | 430/8 | €16,943 | €14,900 | -€2,043 | -12.1% |
| Trade debts | 44 | €12,904 | €58,893 | +€45,990 | +356.4% |
| Suppliers | 440/4 | €12,904 | €58,893 | +€45,990 | +356.4% |
| Taxes, remuneration and social security | 45 | €6,850 | €1,415 | -€5,436 | -79.3% |
| Taxes | 450/3 | €4,280 | €1,415 | -€2,865 | -66.9% |
| Remuneration and social security | 454/9 | €2,570 | €0 | -€2,570 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €48 | +€48 | |
| Remuneration, social security and pensions | 62 | €23,191 | €3,287 | -€19,905 | -85.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,394 | €10,091 | -€12,303 | -54.9% |
| Other operating charges | 640/8 | €1,694 | €18,833 | +€17,139 | +1011.6% |
| Gross operating margin | 9900 | €47,735 | -€10,583 | -€58,318 | |
| Operating profit (loss) | 9901 | €455 | -€42,794 | -€43,249 | |
| Financial income | 75/76B | €2,098 | €2,165 | +€67 | +3.2% |
| Recurring financial income | 75 | €2,098 | €2,165 | +€67 | +3.2% |
| Financial charges | 65/66B | €7,984 | €17,155 | +€9,171 | +114.9% |
| Recurring financial charges | 65 | €7,984 | €17,155 | +€9,171 | +114.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,430 | -€57,784 | -€52,354 | -964.1% |
| Income taxes | 67/77 | €30 | €144 | +€114 | +380.2% |
| Profit (loss) for the period | 9904 | -€5,460 | -€57,928 | -€52,468 | -960.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,460 | -€57,928 | -€52,468 | -960.9% |
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 10 October 2026 via checked.be.