VDH: 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.
VDH
Largest movements
- Current assets -€11,446
down €11,446 (-37.4%), from €30,640 to €19,194
of which Cash: -€16,187
- Tangible fixed assets -€2,450
down €2,450 (-53.5%), from €4,583 to €2,133
- Profit (loss) carried forward -€14,853
new in 2010: -€14,853
- Debts +€957
up €957 (+6.1%), from €15,583 to €16,540
- Gross operating margin -€10,532
down €10,532 (-24.2%), from €43,486 to €32,954
- Taxes +€1,116
up €1,116 (+77.6%), from €1,438 to €2,554
From the 2009 result to the 2010 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2009 | 2010 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,223 | €21,327 | -€13,896 | -39.5% |
| Fixed assets | 21/28 | €4,583 | €2,133 | -€2,450 | -53.5% |
| Tangible fixed assets | 22/27 | €4,583 | €2,133 | -€2,450 | -53.5% |
| Current assets | 29/58 | €30,640 | €19,194 | -€11,446 | -37.4% |
| Amounts receivable within one year | 40/41 | €10,957 | €13,133 | +€2,176 | +19.9% |
| Cash at bank and in hand | 54/58 | €19,683 | €3,496 | -€16,187 | -82.2% |
| Total equity and liabilities | 10/49 | €35,223 | €21,327 | -€13,896 | -39.5% |
| Equity | 10/15 | €19,640 | €4,787 | -€14,853 | -75.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,640 | €16,640 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€14,853 | -€14,853 | |
| Amounts payable | 17/49 | €15,583 | €16,540 | +€957 | +6.1% |
| Amounts payable within one year | 42/48 | €4,459 | €5,567 | +€1,108 | +24.8% |
| Trade debts | 44 | €2,636 | €3,070 | +€434 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,837 | €2,450 | -€387 | -13.6% |
| Gross operating margin | 9900 | €43,486 | €32,954 | -€10,532 | -24.2% |
| Operating profit (loss) | 9901 | €1,580 | -€14,200 | -€15,780 | |
| Recurring financial income | 75 | €8 | €70 | +€62 | +775.0% |
| Recurring financial charges | 65 | €808 | €390 | -€418 | -51.7% |
| Profit (loss) for the period before taxes | 9903 | €2,957 | -€12,299 | -€15,256 | |
| Income taxes | 67/77 | €1,438 | €2,554 | +€1,116 | +77.6% |
| Profit (loss) for the period | 9904 | €1,519 | -€14,853 | -€16,372 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,519 | -€14,853 | -€16,372 |
Source: filed annual accounts (NBB), financial years ended 31 December 2009 and 31 December 2010. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.