VDD PROJECTS: what changed
Two fiscal 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 PROJECTS
Largest movements
- Stocks and contracts -€423,981
down €423,981 (-65.1%), from €650,822 to €226,841
- Other debts -€428,044
down €428,044 (-64.7%), from €661,881 to €233,837
- Gross operating margin +€8,733
up €8,733, from -€3,054 to €5,678
- Other operating charges +€131
up €131 (+33.1%), from €396 to €528
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 | €656,825 | €233,931 | -€422,894 | -64.4% |
| Current assets | 29/58 | €656,825 | €233,931 | -€422,894 | -64.4% |
| Stocks and contracts in progress | 3 | €650,822 | €226,841 | -€423,981 | -65.1% |
| Stocks | 30/36 | €650,822 | €226,841 | -€423,981 | -65.1% |
| Amounts receivable within one year | 40/41 | €5,156 | €67 | -€5,088 | -98.7% |
| Other amounts receivable | 41 | €5,156 | €67 | -€5,088 | -98.7% |
| Cash at bank and in hand | 54/58 | €847 | €7,022 | +€6,175 | +729.0% |
| Total equity and liabilities | 10/49 | €656,825 | €233,931 | -€422,894 | -64.4% |
| Equity | 10/15 | -€5,148 | -€61 | +€5,087 | +98.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,148 | -€3,061 | +€5,087 | +62.4% |
| Amounts payable | 17/49 | €661,973 | €233,992 | -€427,981 | -64.7% |
| Amounts payable within one year | 42/48 | €661,973 | €233,992 | -€427,981 | -64.7% |
| Trade debts | 44 | €92 | €156 | +€64 | +69.1% |
| Suppliers | 440/4 | €92 | €156 | +€64 | +69.1% |
| Other amounts payable | 47/48 | €661,881 | €233,837 | -€428,044 | -64.7% |
| Other operating charges | 640/8 | €396 | €528 | +€131 | +33.1% |
| Gross operating margin | 9900 | -€3,054 | €5,678 | +€8,733 | |
| Operating profit (loss) | 9901 | -€3,451 | €5,151 | +€8,601 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €59 | €64 | +€5 | +8.6% |
| Recurring financial charges | 65 | €59 | €64 | +€5 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,510 | €5,087 | +€8,596 | |
| Profit (loss) for the period | 9904 | -€3,510 | €5,087 | +€8,596 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,510 | €5,087 | +€8,596 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.