VDE Lex: 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.
VDE Lex
Largest movements
- Cash -€68,402
down €68,402 (-73.6%), from €92,915 to €24,513
mainly Contributions, distributions and other (-€169,203) and Investment in fixed assets (net) (-€1,907)
- Receivables within one year -€22,522
down €22,522 (-94.2%), from €23,908 to €1,385
of which Other amounts receivable: -€19,800
- Profit (loss) carried forward -€100,514
down €100,514 (-100.0%), from €100,514 to €0
- Other debts +€8,690
up €8,690, from €0 to €8,690
- Tax, wage and social debts +€1,802
up €1,802 (+11.0%), from €16,358 to €18,160
of which Taxes: +€1,802
- Gross operating margin +€38,902
up €38,902 (+73.9%), from €52,617 to €91,519
- Taxes +€7,758
up €7,758 (+67.8%), from €11,449 to €19,208
- Financial income -€954
down €954 (-100.0%), from €955 to €0
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 | €121,659 | €31,576 | -€90,082 | -74.0% |
| Fixed assets | 21/28 | €3,962 | €4,610 | +€648 | +16.4% |
| Tangible fixed assets | 22/27 | €2,962 | €3,610 | +€648 | +21.9% |
| Furniture and vehicles | 24 | €2,962 | €3,610 | +€648 | +21.9% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €117,697 | €26,967 | -€90,730 | -77.1% |
| Amounts receivable within one year | 40/41 | €23,908 | €1,385 | -€22,522 | -94.2% |
| Trade receivables | 40 | €2,723 | €0 | -€2,723 | -100.0% |
| Other amounts receivable | 41 | €21,185 | €1,385 | -€19,800 | -93.5% |
| Cash at bank and in hand | 54/58 | €92,915 | €24,513 | -€68,402 | -73.6% |
| Deferred charges and accrued income | 490/1 | €875 | €1,068 | +€194 | +22.1% |
| Total equity and liabilities | 10/49 | €121,659 | €31,576 | -€90,082 | -74.0% |
| Equity | 10/15 | €102,514 | €2,000 | -€100,514 | -98.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,514 | €0 | -€100,514 | -100.0% |
| Amounts payable | 17/49 | €19,145 | €29,576 | +€10,431 | +54.5% |
| Amounts payable within one year | 42/48 | €19,145 | €29,576 | +€10,431 | +54.5% |
| Trade debts | 44 | €2,788 | €2,727 | -€61 | -2.2% |
| Suppliers | 440/4 | €2,788 | €2,727 | -€61 | -2.2% |
| Taxes, remuneration and social security | 45 | €16,358 | €18,160 | +€1,802 | +11.0% |
| Taxes | 450/3 | €14,133 | €15,935 | +€1,802 | +12.8% |
| Remuneration and social security | 454/9 | €2,225 | €2,225 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €8,690 | +€8,690 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,073 | €1,259 | +€185 | +17.3% |
| Other operating charges | 640/8 | €354 | €745 | +€391 | +110.7% |
| Gross operating margin | 9900 | €52,617 | €91,519 | +€38,902 | +73.9% |
| Operating profit (loss) | 9901 | €51,191 | €89,515 | +€38,325 | +74.9% |
| Financial income | 75/76B | €955 | €0 | -€954 | -100.0% |
| Recurring financial income | 75 | €955 | €0 | -€954 | -100.0% |
| Financial charges | 65/66B | €1,930 | €1,618 | -€312 | -16.2% |
| Recurring financial charges | 65 | €1,930 | €1,618 | -€312 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €50,215 | €87,898 | +€37,683 | +75.0% |
| Income taxes | 67/77 | €11,449 | €19,208 | +€7,758 | +67.8% |
| Profit (loss) for the period | 9904 | €38,765 | €68,690 | +€29,924 | +77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,765 | €68,690 | +€29,924 | +77.2% |
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 2 October 2026 via checked.be.