VDD LL: 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 LL
Largest movements
- Stocks and contracts +€565,445
up €565,445 (+3.0%), from €19.1m to €19.6m
- Other debts +€569,870
up €569,870 (+140%), from €406,924 to €976,794
- Financial income -€6,451
down €6,451 (-100%), from €6,451 to €0
- Gross operating margin +€2,051
up €2,051 (+5.0%), from -€41,037 to -€38,986
- Other operating charges +€613
up €613 (+119%), from €513 to €1,126
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 | €19,137,176 | €19,636,329 | +€499,153 | +2.6% |
| Current assets | 29/58 | €19,137,176 | €19,636,329 | +€499,153 | +2.6% |
| Stocks and contracts in progress | 3 | €19,070,884 | €19,636,329 | +€565,445 | +3.0% |
| Stocks | 30/36 | €19,070,884 | €19,636,329 | +€565,445 | +3.0% |
| Amounts receivable within one year | 40/41 | €66,292 | €0 | -€66,292 | -100% |
| Other amounts receivable | 41 | €66,292 | €0 | -€66,292 | -100% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €19,137,176 | €19,636,329 | +€499,153 | +2.6% |
| Equity | 10/15 | €5,955,411 | €5,913,493 | -€41,918 | -0.7% |
| Contributions | 10/11 | €6,001,000 | €6,001,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,589 | -€87,507 | -€41,918 | -91.9% |
| Amounts payable | 17/49 | €13,181,765 | €13,722,836 | +€541,071 | +4.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €13,181,765 | €13,722,836 | +€541,071 | +4.1% |
| Financial debts | 43 | €12,767,077 | €12,745,043 | -€22,034 | -0.2% |
| Credit institutions | 430/8 | €12,767,077 | €12,745,043 | -€22,034 | -0.2% |
| Trade debts | 44 | €7,764 | €998 | -€6,766 | -87.1% |
| Suppliers | 440/4 | €7,764 | €998 | -€6,766 | -87.1% |
| Other amounts payable | 47/48 | €406,924 | €976,794 | +€569,870 | +140% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €513 | €1,126 | +€613 | +119% |
| Gross operating margin | 9900 | -€41,037 | -€38,986 | +€2,051 | +5.0% |
| Operating profit (loss) | 9901 | -€41,550 | -€40,113 | +€1,438 | +3.5% |
| Financial income | 75/76B | €6,451 | €0 | -€6,451 | -100% |
| Recurring financial income | 75 | €6,451 | €0 | -€6,451 | -100% |
| Financial charges | 65/66B | €1,851 | €1,805 | -€46 | -2.5% |
| Recurring financial charges | 65 | €1,851 | €1,805 | -€46 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | -€36,950 | -€41,918 | -€4,968 | -13.4% |
| Profit (loss) for the period | 9904 | -€36,950 | -€41,918 | -€4,968 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,950 | -€41,918 | -€4,968 | -13.4% |
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 15 October 2026 via checked.be.