VDG ONCO: 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.
VDG ONCO
Largest movements
- Cash +€30,593
up €30,593 (+21.7%), from €141,114 to €171,707
mainly Other debts (+€73,589) and Net result for the year (+€37,751)
- Tangible fixed assets -€13,119
down €13,119 (-22.8%), from €57,418 to €44,299
- Receivables within one year +€4,435
up €4,435 (+5.6%), from €78,611 to €83,046
- Deferred charges and accrued income +€3,656
up €3,656 (+7.4%), from €49,511 to €53,167
- Other debts +€73,589
new in 2025: €73,589
- Reserves -€35,838
down €35,838 (-13.7%), from €261,212 to €225,374
- Debts after one year -€9,694
down €9,694 (-28.6%), from €33,928 to €24,234
- Depreciation +€6,276
up €6,276 (+80.8%), from €7,763 to €14,039
- Other operating charges -€1,250
down €1,250 (-63.0%), from €1,985 to €735
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 | €326,654 | €352,219 | +€25,565 | +7.8% |
| Fixed assets | 21/28 | €57,418 | €44,299 | -€13,119 | -22.8% |
| Tangible fixed assets | 22/27 | €57,418 | €44,299 | -€13,119 | -22.8% |
| Furniture and vehicles | 24 | €57,418 | €44,299 | -€13,119 | -22.8% |
| Current assets | 29/58 | €269,236 | €307,920 | +€38,684 | +14.4% |
| Amounts receivable within one year | 40/41 | €78,611 | €83,046 | +€4,435 | +5.6% |
| Other amounts receivable | 41 | €78,611 | €83,046 | +€4,435 | +5.6% |
| Cash at bank and in hand | 54/58 | €141,114 | €171,707 | +€30,593 | +21.7% |
| Deferred charges and accrued income | 490/1 | €49,511 | €53,167 | +€3,656 | +7.4% |
| Total equity and liabilities | 10/49 | €326,654 | €352,219 | +€25,565 | +7.8% |
| Equity | 10/15 | €266,212 | €230,374 | -€35,838 | -13.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €261,212 | €225,374 | -€35,838 | -13.7% |
| Distributable reserves | 133 | €261,212 | €225,374 | -€35,838 | -13.7% |
| Amounts payable | 17/49 | €60,442 | €121,845 | +€61,403 | +102% |
| Amounts payable after more than one year | 17 | €33,928 | €24,234 | -€9,694 | -28.6% |
| Financial debts | 170/4 | €33,928 | €24,234 | -€9,694 | -28.6% |
| Amounts payable within one year | 42/48 | €26,514 | €97,211 | +€70,697 | +267% |
| Current portion of amounts payable after more than one year | 42 | €9,694 | €9,694 | = | 0.0% |
| Trade debts | 44 | €5,012 | €2,653 | -€2,359 | -47.1% |
| Suppliers | 440/4 | €5,012 | €2,653 | -€2,359 | -47.1% |
| Taxes, remuneration and social security | 45 | €11,808 | €11,275 | -€533 | -4.5% |
| Taxes | 450/3 | €11,808 | €11,275 | -€533 | -4.5% |
| Other amounts payable | 47/48 | - | €73,589 | +€73,589 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Non-recurring operating income | 76A | €14,190 | - | -€14,190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,763 | €14,039 | +€6,276 | +80.8% |
| Other operating charges | 640/8 | €1,985 | €735 | -€1,250 | -63.0% |
| Gross operating margin | 9900 | €70,472 | €70,350 | -€122 | -0.2% |
| Operating profit (loss) | 9901 | €60,724 | €55,576 | -€5,148 | -8.5% |
| Financial charges | 65/66B | €1,988 | €1,721 | -€267 | -13.4% |
| Recurring financial charges | 65 | €1,988 | €1,721 | -€267 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €58,736 | €53,855 | -€4,881 | -8.3% |
| Income taxes | 67/77 | €15,648 | €16,104 | +€456 | +2.9% |
| Profit (loss) for the period | 9904 | €43,088 | €37,751 | -€5,337 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,088 | €37,751 | -€5,337 | -12.4% |
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 21 October 2026 via checked.be.