VDD Verzekeringen: 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 Verzekeringen
Largest movements
- Cash +€45,056
up €45,056 (+39.7%), from €113,581 to €158,637
mainly Net result for the year (+€37,710) and Depreciation (+€6,752)
- Tangible fixed assets -€3,352
down €3,352 (-10.2%), from €32,842 to €29,491
of which Other tangible fixed assets: -€3,884
- Reserves +€36,044
up €36,044 (+39.4%), from €91,456 to €127,500
- Tax, wage and social debts +€4,454
up €4,454 (+112%), from €3,963 to €8,417
- Gross operating margin +€5,136
up €5,136 (+8.6%), from €59,459 to €64,595
- Depreciation +€2,547
up €2,547 (+60.6%), from €4,205 to €6,752
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 | €153,124 | €193,928 | +€40,804 | +26.6% |
| Fixed assets | 21/28 | €32,842 | €29,491 | -€3,352 | -10.2% |
| Tangible fixed assets | 22/27 | €32,842 | €29,491 | -€3,352 | -10.2% |
| Furniture and vehicles | 24 | €5,222 | €5,754 | +€532 | +10.2% |
| Other tangible fixed assets | 26 | €27,620 | €23,737 | -€3,884 | -14.1% |
| Current assets | 29/58 | €120,282 | €164,438 | +€44,156 | +36.7% |
| Amounts receivable within one year | 40/41 | €4,648 | €3,638 | -€1,010 | -21.7% |
| Trade receivables | 40 | €1,010 | €0 | -€1,010 | -100% |
| Other amounts receivable | 41 | €3,638 | €3,638 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €113,581 | €158,637 | +€45,056 | +39.7% |
| Deferred charges and accrued income | 490/1 | €2,053 | €2,162 | +€110 | +5.4% |
| Total equity and liabilities | 10/49 | €153,124 | €193,928 | +€40,804 | +26.6% |
| Equity | 10/15 | €130,456 | €166,500 | +€36,044 | +27.6% |
| Contributions | 10/11 | €39,000 | €39,000 | = | 0.0% |
| Reserves | 13 | €91,456 | €127,500 | +€36,044 | +39.4% |
| Distributable reserves | 133 | €91,456 | €127,500 | +€36,044 | +39.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €22,668 | €27,428 | +€4,760 | +21.0% |
| Amounts payable within one year | 42/48 | €9,059 | €13,503 | +€4,445 | +49.1% |
| Trade debts | 44 | €1,253 | €898 | -€354 | -28.3% |
| Suppliers | 440/4 | €1,253 | €898 | -€354 | -28.3% |
| Taxes, remuneration and social security | 45 | €3,963 | €8,417 | +€4,454 | +112% |
| Taxes | 450/3 | €3,963 | €8,417 | +€4,454 | +112% |
| Other amounts payable | 47/48 | €3,843 | €4,188 | +€345 | +9.0% |
| Accrued charges and deferred income | 492/3 | €13,609 | €13,925 | +€316 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,205 | €6,752 | +€2,547 | +60.6% |
| Other operating charges | 640/8 | €1,453 | €1,514 | +€61 | +4.2% |
| Gross operating margin | 9900 | €59,459 | €64,595 | +€5,136 | +8.6% |
| Operating profit (loss) | 9901 | €53,801 | €56,329 | +€2,528 | +4.7% |
| Financial income | 75/76B | €986 | €574 | -€413 | -41.8% |
| Recurring financial income | 75 | €986 | €574 | -€413 | -41.8% |
| Financial charges | 65/66B | €493 | €567 | +€73 | +14.9% |
| Recurring financial charges | 65 | €493 | €567 | +€73 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €54,294 | €56,336 | +€2,042 | +3.8% |
| Income taxes | 67/77 | €18,116 | €18,626 | +€510 | +2.8% |
| Profit (loss) for the period | 9904 | €36,178 | €37,710 | +€1,532 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,178 | €37,710 | +€1,532 | +4.2% |
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 30 October 2026 via checked.be.