Vddries: 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.
Vddries
Largest movements
- Intangible fixed assets -€18,750
down €18,750 (-17.6%), from €106,479 to €87,729
- Cash -€6,315
down €6,315 (-38.5%), from €16,416 to €10,101
mainly Debts after one year (-€31,695) and Short-term financial debts (-€9,402)
- Tangible fixed assets -€6,240
down €6,240 (-4.9%), from €127,371 to €121,131
of which Land and buildings: -€3,246
- Debts after one year -€31,695
down €31,695 (-18.5%), from €171,047 to €139,351
- Short-term financial debts -€9,402
down €9,402 (-84.3%), from €11,152 to €1,750
- Current portion of long-term debt +€7,617
up €7,617 (+22.2%), from €34,339 to €41,956
- Profit (loss) carried forward +€5,307
up €5,307 (+13.7%), from €38,616 to €43,924
- Depreciation -€35,693
down €35,693 (-56.2%), from €63,558 to €27,865
- Gross operating margin -€15,114
down €15,114 (-12.9%), from €117,314 to €102,200
- Other operating charges +€9,004
up €9,004 (+297.6%), from €3,026 to €12,029
- Staff costs +€4,930
up €4,930 (+12.2%), from €40,541 to €45,471
- Taxes -€2,769
down €2,769 (-34.7%), from €7,968 to €5,199
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 | €267,677 | €241,052 | -€26,625 | -9.9% |
| Fixed assets | 21/28 | €234,040 | €209,050 | -€24,990 | -10.7% |
| Intangible fixed assets | 21 | €106,479 | €87,729 | -€18,750 | -17.6% |
| Tangible fixed assets | 22/27 | €127,371 | €121,131 | -€6,240 | -4.9% |
| Land and buildings | 22 | €12,634 | €9,388 | -€3,246 | -25.7% |
| Furniture and vehicles | 24 | €114,736 | €111,743 | -€2,994 | -2.6% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €33,636 | €32,002 | -€1,635 | -4.9% |
| Amounts receivable within one year | 40/41 | €7,172 | €9,764 | +€2,591 | +36.1% |
| Other amounts receivable | 41 | €7,172 | €9,764 | +€2,591 | +36.1% |
| Cash at bank and in hand | 54/58 | €16,416 | €10,101 | -€6,315 | -38.5% |
| Deferred charges and accrued income | 490/1 | €10,048 | €12,137 | +€2,089 | +20.8% |
| Total equity and liabilities | 10/49 | €267,677 | €241,052 | -€26,625 | -9.9% |
| Equity | 10/15 | €38,616 | €43,924 | +€5,307 | +13.7% |
| Profit (loss) carried forward | 14 | €38,616 | €43,924 | +€5,307 | +13.7% |
| Amounts payable | 17/49 | €229,060 | €197,128 | -€31,932 | -13.9% |
| Amounts payable after more than one year | 17 | €171,047 | €139,351 | -€31,695 | -18.5% |
| Financial debts | 170/4 | €171,047 | €139,351 | -€31,695 | -18.5% |
| Amounts payable within one year | 42/48 | €57,989 | €57,777 | -€212 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €34,339 | €41,956 | +€7,617 | +22.2% |
| Financial debts | 43 | €11,152 | €1,750 | -€9,402 | -84.3% |
| Other loans | 439 | €11,152 | €1,750 | -€9,402 | -84.3% |
| Trade debts | 44 | €3,240 | €2,625 | -€615 | -19.0% |
| Suppliers | 440/4 | €3,240 | €2,625 | -€615 | -19.0% |
| Taxes, remuneration and social security | 45 | €9,258 | €11,446 | +€2,189 | +23.6% |
| Taxes | 450/3 | €2,558 | €2,621 | +€63 | +2.5% |
| Remuneration and social security | 454/9 | €6,700 | €8,825 | +€2,125 | +31.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €25 | - | -€25 | |
| Remuneration, social security and pensions | 62 | €40,541 | €45,471 | +€4,930 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,558 | €27,865 | -€35,693 | -56.2% |
| Other operating charges | 640/8 | €3,026 | €12,029 | +€9,004 | +297.6% |
| Gross operating margin | 9900 | €117,314 | €102,200 | -€15,114 | -12.9% |
| Operating profit (loss) | 9901 | €10,190 | €16,835 | +€6,645 | +65.2% |
| Financial income | 75/76B | €301 | €400 | +€100 | +33.1% |
| Recurring financial income | 75 | €301 | €400 | +€100 | +33.1% |
| Financial charges | 65/66B | €7,067 | €6,728 | -€338 | -4.8% |
| Recurring financial charges | 65 | €7,067 | €6,728 | -€338 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €3,424 | €10,507 | +€7,083 | +206.9% |
| Income taxes | 67/77 | €7,968 | €5,199 | -€2,769 | -34.7% |
| Profit (loss) for the period | 9904 | -€4,544 | €5,307 | +€9,851 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,544 | €5,307 | +€9,851 |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.