VDDENT: 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.
VDDENT
Largest movements
- Cash +€97,769
up €97,769 (+105.6%), from €92,556 to €190,326
mainly Depreciation (+€109,429) and Net result for the year (+€75,554)
- Tangible fixed assets -€62,088
down €62,088 (-18.9%), from €328,163 to €266,075
- Receivables within one year +€14,443
up €14,443 (+39.1%), from €36,935 to €51,378
of which Trade receivables: +€14,561
- Reserves +€75,554
up €75,554 (+37.0%), from €203,992 to €279,546
of which Distributable reserves: +€75,554
- Debts after one year -€58,823
down €58,823 (-36.7%), from €160,209 to €101,385
- Tax, wage and social debts +€33,071
up €33,071 (+206.7%), from €15,996 to €49,067
of which Taxes: +€31,200
- Trade debts +€11,242
up €11,242 (+42.1%), from €26,718 to €37,960
- Current portion of long-term debt -€10,428
down €10,428 (-15.1%), from €69,251 to €58,823
- Gross operating margin +€77,419
up €77,419 (+28.4%), from €272,503 to €349,922
- Staff costs +€25,375
up €25,375 (+25.6%), from €99,259 to €124,634
- Taxes +€17,150
up €17,150 (+107.0%), from €16,030 to €33,179
- Depreciation +€6,864
up €6,864 (+6.7%), from €102,565 to €109,429
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 | €508,245 | €558,860 | +€50,615 | +10.0% |
| Fixed assets | 21/28 | €350,163 | €288,075 | -€62,088 | -17.7% |
| Tangible fixed assets | 22/27 | €328,163 | €266,075 | -€62,088 | -18.9% |
| Land and buildings | 22 | €36,158 | €18,523 | -€17,634 | -48.8% |
| Plant, machinery and equipment | 23 | €58,987 | €30,164 | -€28,823 | -48.9% |
| Furniture and vehicles | 24 | €14,239 | €23,665 | +€9,425 | +66.2% |
| Leasing and similar rights | 25 | €91,286 | €68,113 | -€23,173 | -25.4% |
| Other tangible fixed assets | 26 | €127,493 | €125,611 | -€1,883 | -1.5% |
| Financial fixed assets | 28 | €22,000 | €22,000 | = | 0.0% |
| Current assets | 29/58 | €158,082 | €270,785 | +€112,703 | +71.3% |
| Amounts receivable within one year | 40/41 | €36,935 | €51,378 | +€14,443 | +39.1% |
| Trade receivables | 40 | €56 | €14,617 | +€14,561 | +25941.9% |
| Other amounts receivable | 41 | €36,879 | €36,761 | -€118 | -0.3% |
| Current investments | 50/53 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €92,556 | €190,326 | +€97,769 | +105.6% |
| Deferred charges and accrued income | 490/1 | €3,591 | €4,081 | +€490 | +13.7% |
| Total equity and liabilities | 10/49 | €508,245 | €558,860 | +€50,615 | +10.0% |
| Equity | 10/15 | €236,071 | €311,626 | +€75,554 | +32.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €203,992 | €279,546 | +€75,554 | +37.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Other | 1319 | - | €1,855 | +€1,855 | |
| Distributable reserves | 133 | €202,137 | €277,691 | +€75,554 | +37.4% |
| Profit (loss) carried forward | 14 | -€17,921 | -€17,921 | = | 0.0% |
| Amounts payable | 17/49 | €272,174 | €247,235 | -€24,939 | -9.2% |
| Amounts payable after more than one year | 17 | €160,209 | €101,385 | -€58,823 | -36.7% |
| Financial debts | 170/4 | €160,209 | €101,385 | -€58,823 | -36.7% |
| Amounts payable within one year | 42/48 | €111,965 | €145,850 | +€33,884 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €69,251 | €58,823 | -€10,428 | -15.1% |
| Trade debts | 44 | €26,718 | €37,960 | +€11,242 | +42.1% |
| Suppliers | 440/4 | €26,718 | €37,960 | +€11,242 | +42.1% |
| Taxes, remuneration and social security | 45 | €15,996 | €49,067 | +€33,071 | +206.7% |
| Taxes | 450/3 | €1,979 | €33,179 | +€31,200 | +1576.4% |
| Remuneration and social security | 454/9 | €14,017 | €15,887 | +€1,871 | +13.3% |
| Remuneration, social security and pensions | 62 | €99,259 | €124,634 | +€25,375 | +25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,565 | €109,429 | +€6,864 | +6.7% |
| Other operating charges | 640/8 | €2,701 | €663 | -€2,038 | -75.5% |
| Gross operating margin | 9900 | €272,503 | €349,922 | +€77,419 | +28.4% |
| Operating profit (loss) | 9901 | €67,978 | €115,196 | +€47,218 | +69.5% |
| Financial income | 75/76B | €205 | €783 | +€579 | +282.9% |
| Recurring financial income | 75 | €205 | €783 | +€579 | +282.9% |
| Financial charges | 65/66B | €10,733 | €7,246 | -€3,487 | -32.5% |
| Recurring financial charges | 65 | €10,733 | €7,246 | -€3,487 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €57,450 | €108,733 | +€51,284 | +89.3% |
| Income taxes | 67/77 | €16,030 | €33,179 | +€17,150 | +107.0% |
| Profit (loss) for the period | 9904 | €41,420 | €75,554 | +€34,134 | +82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,420 | €75,554 | +€34,134 | +82.4% |
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 10 October 2026 via checked.be.