VDFIT: 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.
VDFIT
Largest movements
- Tangible fixed assets -€25,578
down €25,578 (-8.5%), from €301,569 to €275,991
of which Furniture and vehicles: -€13,239
- Deferred charges and accrued income -€16,683
down €16,683 (-100%), from €16,683 to €0
- Cash -€5,401
down €5,401 (-9.2%), from €58,855 to €53,453
mainly Contributions, distributions and other (-€80,000) and Debts after one year (-€24,053)
- Profit (loss) carried forward -€56,501
down €56,501 (-67.5%), from €83,707 to €27,206
- Other debts +€26,530
up €26,530 (+604%), from €4,392 to €30,922
- Debts after one year -€24,053
down €24,053 (-9.6%), from €251,622 to €227,569
- Trade debts +€4,608
up €4,608 (+43.4%), from €10,607 to €15,215
- Gross operating margin +€8,666
up €8,666 (+12.6%), from €68,579 to €77,245
- Taxes +€2,654
up €2,654 (+45.7%), from €5,805 to €8,459
- Staff costs -€1,439
down €1,439 (-30.5%), from €4,723 to €3,285
- Depreciation -€1,099
down €1,099 (-3.0%), from €36,255 to €35,156
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.
Derived cash bridge
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 | €380,449 | €331,996 | -€48,453 | -12.7% |
| Fixed assets | 21/28 | €301,569 | €275,991 | -€25,578 | -8.5% |
| Tangible fixed assets | 22/27 | €301,569 | €275,991 | -€25,578 | -8.5% |
| Land and buildings | 22 | €236,462 | €230,705 | -€5,757 | -2.4% |
| Plant, machinery and equipment | 23 | €16,402 | €9,819 | -€6,582 | -40.1% |
| Furniture and vehicles | 24 | €48,706 | €35,467 | -€13,239 | -27.2% |
| Current assets | 29/58 | €78,880 | €56,005 | -€22,875 | -29.0% |
| Amounts receivable within one year | 40/41 | €3,341 | €2,552 | -€790 | -23.6% |
| Trade receivables | 40 | €254 | €0 | -€254 | -100% |
| Other amounts receivable | 41 | €3,087 | €2,552 | -€536 | -17.3% |
| Cash at bank and in hand | 54/58 | €58,855 | €53,453 | -€5,401 | -9.2% |
| Deferred charges and accrued income | 490/1 | €16,683 | €0 | -€16,683 | -100% |
| Total equity and liabilities | 10/49 | €380,449 | €331,996 | -€48,453 | -12.7% |
| Equity | 10/15 | €85,667 | €29,166 | -€56,501 | -66.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,707 | €27,206 | -€56,501 | -67.5% |
| Amounts payable | 17/49 | €294,782 | €302,830 | +€8,048 | +2.7% |
| Amounts payable after more than one year | 17 | €251,622 | €227,569 | -€24,053 | -9.6% |
| Financial debts | 170/4 | €251,622 | €227,569 | -€24,053 | -9.6% |
| Amounts payable within one year | 42/48 | €43,160 | €75,261 | +€32,102 | +74.4% |
| Current portion of amounts payable after more than one year | 42 | €23,906 | €24,053 | +€147 | +0.6% |
| Trade debts | 44 | €10,607 | €15,215 | +€4,608 | +43.4% |
| Suppliers | 440/4 | €10,607 | €15,215 | +€4,608 | +43.4% |
| Taxes, remuneration and social security | 45 | €4,255 | €5,071 | +€817 | +19.2% |
| Taxes | 450/3 | €2,655 | €2,250 | -€405 | -15.2% |
| Remuneration and social security | 454/9 | €1,600 | €2,821 | +€1,221 | +76.3% |
| Other amounts payable | 47/48 | €4,392 | €30,922 | +€26,530 | +604% |
| Remuneration, social security and pensions | 62 | €4,723 | €3,285 | -€1,439 | -30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,255 | €35,156 | -€1,099 | -3.0% |
| Other operating charges | 640/8 | €2,831 | €2,791 | -€40 | -1.4% |
| Gross operating margin | 9900 | €68,579 | €77,245 | +€8,666 | +12.6% |
| Operating profit (loss) | 9901 | €24,769 | €36,013 | +€11,244 | +45.4% |
| Financial income | 75/76B | €104 | €202 | +€98 | +94.2% |
| Recurring financial income | 75 | €104 | €202 | +€98 | +94.2% |
| Financial charges | 65/66B | €4,957 | €4,259 | -€699 | -14.1% |
| Recurring financial charges | 65 | €4,957 | €4,259 | -€699 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €19,916 | €31,957 | +€12,041 | +60.5% |
| Income taxes | 67/77 | €5,805 | €8,459 | +€2,654 | +45.7% |
| Profit (loss) for the period | 9904 | €14,112 | €23,499 | +€9,387 | +66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,112 | €23,499 | +€9,387 | +66.5% |
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 18 October 2026 via checked.be.