VDDerm: 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.
VDDerm
Largest movements
- Tangible fixed assets +€74,039
up €74,039 (+247.9%), from €29,871 to €103,910
of which Plant, machinery and equipment: +€72,802
- Cash -€65,794
down €65,794 (-50.4%), from €130,470 to €64,676
mainly Contributions, distributions and other (-€280,000) and Investment in fixed assets (net) (-€85,201)
- Intangible fixed assets -€20,130
down €20,130 (-12.3%), from €164,162 to €144,031
- Deferred charges and accrued income +€6,545
up €6,545 (+507.6%), from €1,289 to €7,834
- Receivables within one year -€5,095
down €5,095 (-27.1%), from €18,798 to €13,703
of which Trade receivables: -€9,277
- Other debts +€213,324
up €213,324 (+319.9%), from €66,676 to €280,000
- Profit (loss) carried forward -€208,821
down €208,821 (-84.5%), from €247,150 to €38,329
- Tax, wage and social debts -€23,476
down €23,476 (-99.2%), from €23,656 to €180
- Trade debts +€8,537
up €8,537 (+274.7%), from €3,108 to €11,645
- Gross operating margin -€17,010
down €17,010 (-12.3%), from €138,693 to €121,683
- Depreciation +€5,859
up €5,859 (+23.0%), from €25,433 to €31,292
- Taxes -€4,836
down €4,836 (-20.4%), from €23,656 to €18,820
- Other operating charges -€1,766
down €1,766 (-81.6%), from €2,163 to €397
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 | €344,590 | €334,154 | -€10,435 | -3.0% |
| Fixed assets | 21/28 | €194,032 | €247,941 | +€53,909 | +27.8% |
| Intangible fixed assets | 21 | €164,162 | €144,031 | -€20,130 | -12.3% |
| Tangible fixed assets | 22/27 | €29,871 | €103,910 | +€74,039 | +247.9% |
| Plant, machinery and equipment | 23 | - | €72,802 | +€72,802 | |
| Furniture and vehicles | 24 | €29,871 | €31,108 | +€1,237 | +4.1% |
| Current assets | 29/58 | €150,557 | €86,213 | -€64,344 | -42.7% |
| Amounts receivable within one year | 40/41 | €18,798 | €13,703 | -€5,095 | -27.1% |
| Trade receivables | 40 | €18,798 | €9,521 | -€9,277 | -49.3% |
| Other amounts receivable | 41 | - | €4,182 | +€4,182 | |
| Cash at bank and in hand | 54/58 | €130,470 | €64,676 | -€65,794 | -50.4% |
| Deferred charges and accrued income | 490/1 | €1,289 | €7,834 | +€6,545 | +507.6% |
| Total equity and liabilities | 10/49 | €344,590 | €334,154 | -€10,435 | -3.0% |
| Equity | 10/15 | €251,150 | €42,329 | -€208,821 | -83.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €247,150 | €38,329 | -€208,821 | -84.5% |
| Amounts payable | 17/49 | €93,440 | €291,825 | +€198,386 | +212.3% |
| Amounts payable within one year | 42/48 | €93,440 | €291,825 | +€198,386 | +212.3% |
| Trade debts | 44 | €3,108 | €11,645 | +€8,537 | +274.7% |
| Suppliers | 440/4 | €3,108 | €11,645 | +€8,537 | +274.7% |
| Taxes, remuneration and social security | 45 | €23,656 | €180 | -€23,476 | -99.2% |
| Taxes | 450/3 | €23,656 | €180 | -€23,476 | -99.2% |
| Other amounts payable | 47/48 | €66,676 | €280,000 | +€213,324 | +319.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,433 | €31,292 | +€5,859 | +23.0% |
| Other operating charges | 640/8 | €2,163 | €397 | -€1,766 | -81.6% |
| Gross operating margin | 9900 | €138,693 | €121,683 | -€17,010 | -12.3% |
| Operating profit (loss) | 9901 | €111,096 | €89,994 | -€21,103 | -19.0% |
| Financial income | 75/76B | €0 | €49 | +€49 | +24365.0% |
| Recurring financial income | 75 | €0 | €49 | +€49 | +24365.0% |
| Financial charges | 65/66B | €56 | €44 | -€12 | -21.8% |
| Recurring financial charges | 65 | €56 | €44 | -€12 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €111,041 | €89,999 | -€21,042 | -18.9% |
| Income taxes | 67/77 | €23,656 | €18,820 | -€4,836 | -20.4% |
| Profit (loss) for the period | 9904 | €87,385 | €71,179 | -€16,206 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €87,385 | €71,179 | -€16,206 | -18.5% |
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 29 September 2026 via checked.be.