VDEA: 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.
VDEA
Largest movements
- Cash -€111,976
down €111,976 (-81.2%), from €137,917 to €25,941
mainly Debts after one year (-€89,520) and Contributions, distributions and other (-€34,875)
- Receivables within one year +€9,368
up €9,368 (+615.6%), from €1,522 to €10,890
of which Trade receivables: +€10,890
- Debts after one year -€89,520
down €89,520 (-95.7%), from €93,520 to €4,000
- Reserves -€8,637
down €8,637 (-24.8%), from €34,875 to €26,238
- Tax, wage and social debts -€6,312
down €6,312 (-87.2%), from €7,235 to €923
- Gross operating margin -€12,133
down €12,133 (-24.0%), from €50,492 to €38,358
- Taxes -€3,312
down €3,312 (-23.3%), from €14,235 to €10,923
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 | €141,162 | €38,083 | -€103,079 | -73.0% |
| Fixed assets | 21/28 | €1,125 | €625 | -€500 | -44.4% |
| Tangible fixed assets | 22/27 | €1,125 | €625 | -€500 | -44.4% |
| Furniture and vehicles | 24 | €1,125 | €625 | -€500 | -44.4% |
| Current assets | 29/58 | €140,037 | €37,458 | -€102,579 | -73.3% |
| Amounts receivable within one year | 40/41 | €1,522 | €10,890 | +€9,368 | +615.6% |
| Trade receivables | 40 | - | €10,890 | +€10,890 | |
| Other amounts receivable | 41 | €1,522 | - | -€1,522 | |
| Cash at bank and in hand | 54/58 | €137,917 | €25,941 | -€111,976 | -81.2% |
| Deferred charges and accrued income | 490/1 | €598 | €627 | +€28 | +4.7% |
| Total equity and liabilities | 10/49 | €141,162 | €38,083 | -€103,079 | -73.0% |
| Equity | 10/15 | €37,875 | €29,238 | -€8,637 | -22.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €34,875 | €26,238 | -€8,637 | -24.8% |
| Distributable reserves | 133 | €34,875 | €26,238 | -€8,637 | -24.8% |
| Amounts payable | 17/49 | €103,287 | €8,845 | -€94,442 | -91.4% |
| Amounts payable after more than one year | 17 | €93,520 | €4,000 | -€89,520 | -95.7% |
| Financial debts | 170/4 | €93,520 | €4,000 | -€89,520 | -95.7% |
| Amounts payable within one year | 42/48 | €9,767 | €4,845 | -€4,922 | -50.4% |
| Trade debts | 44 | €2,532 | €3,922 | +€1,389 | +54.9% |
| Suppliers | 440/4 | €2,532 | €3,922 | +€1,389 | +54.9% |
| Taxes, remuneration and social security | 45 | €7,235 | €923 | -€6,312 | -87.2% |
| Taxes | 450/3 | €7,235 | €923 | -€6,312 | -87.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500 | €500 | = | 0.0% |
| Other operating charges | 640/8 | €808 | €623 | -€185 | -22.9% |
| Gross operating margin | 9900 | €50,492 | €38,358 | -€12,133 | -24.0% |
| Operating profit (loss) | 9901 | €49,184 | €37,236 | -€11,948 | -24.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €74 | €75 | +€1 | +1.6% |
| Recurring financial charges | 65 | €74 | €75 | +€1 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €49,110 | €37,161 | -€11,949 | -24.3% |
| Income taxes | 67/77 | €14,235 | €10,923 | -€3,312 | -23.3% |
| Profit (loss) for the period | 9904 | €34,875 | €26,238 | -€8,637 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,875 | €26,238 | -€8,637 | -24.8% |
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 3 October 2026 via checked.be.