VDF Audit: 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.
VDF Audit
Largest movements
- Financial fixed assets +€100,000
new in 2025: €100,000
- Receivables within one year +€48,112
up €48,112 (+31.8%), from €151,330 to €199,442
of which Trade receivables: +€49,442
- Cash +€9,072
up €9,072 (+13.6%), from €66,701 to €75,773
mainly Net result for the year (+€162,137) and Other debts (+€153,987)
- Other debts +€153,987
up €153,987 (+11663.9%), from €1,320 to €155,308
- Profit (loss) carried forward +€7,137
up €7,137 (+3.3%), from €213,542 to €220,679
- Depreciation -€3,691
down €3,691 (-28.6%), from €12,906 to €9,215
- Gross operating margin +€3,409
up €3,409 (+1.6%), from €219,730 to €223,139
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 | €228,120 | €384,491 | +€156,371 | +68.5% |
| Fixed assets | 21/28 | €10,089 | €109,275 | +€99,186 | +983.1% |
| Tangible fixed assets | 22/27 | €10,089 | €9,275 | -€814 | -8.1% |
| Furniture and vehicles | 24 | €10,089 | €9,275 | -€814 | -8.1% |
| Financial fixed assets | 28 | - | €100,000 | +€100,000 | |
| Current assets | 29/58 | €218,031 | €275,215 | +€57,185 | +26.2% |
| Amounts receivable within one year | 40/41 | €151,330 | €199,442 | +€48,112 | +31.8% |
| Trade receivables | 40 | €150,000 | €199,442 | +€49,442 | +33.0% |
| Other amounts receivable | 41 | €1,330 | - | -€1,330 | |
| Cash at bank and in hand | 54/58 | €66,701 | €75,773 | +€9,072 | +13.6% |
| Total equity and liabilities | 10/49 | €228,120 | €384,491 | +€156,371 | +68.5% |
| Equity | 10/15 | €215,542 | €222,679 | +€7,137 | +3.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213,542 | €220,679 | +€7,137 | +3.3% |
| Amounts payable | 17/49 | €12,577 | €161,812 | +€149,235 | +1186.5% |
| Amounts payable within one year | 42/48 | €12,577 | €161,812 | +€149,235 | +1186.5% |
| Trade debts | 44 | €1,255 | €326 | -€929 | -74.0% |
| Suppliers | 440/4 | €1,255 | €326 | -€929 | -74.0% |
| Taxes, remuneration and social security | 45 | €10,002 | €6,178 | -€3,824 | -38.2% |
| Taxes | 450/3 | €10,002 | €6,178 | -€3,824 | -38.2% |
| Other amounts payable | 47/48 | €1,320 | €155,308 | +€153,987 | +11663.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,906 | €9,215 | -€3,691 | -28.6% |
| Other operating charges | 640/8 | €1,479 | €1,417 | -€62 | -4.2% |
| Gross operating margin | 9900 | €219,730 | €223,139 | +€3,409 | +1.6% |
| Operating profit (loss) | 9901 | €205,345 | €212,506 | +€7,161 | +3.5% |
| Financial income | 75/76B | €5 | €39 | +€35 | +702.6% |
| Recurring financial income | 75 | €5 | €39 | +€35 | +702.6% |
| Financial charges | 65/66B | €40 | €364 | +€324 | +816.0% |
| Recurring financial charges | 65 | €40 | €364 | +€324 | +816.0% |
| Profit (loss) for the period before taxes | 9903 | €205,311 | €212,182 | +€6,871 | +3.3% |
| Income taxes | 67/77 | €48,551 | €50,045 | +€1,495 | +3.1% |
| Profit (loss) for the period | 9904 | €156,760 | €162,137 | +€5,377 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €156,760 | €162,137 | +€5,377 | +3.4% |
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 11 October 2026 via checked.be.