VDH BRUSSELS: 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 BRUSSELS
Largest movements
- Cash -€2,381
down €2,381 (-19.4%), from €12,283 to €9,902
mainly Net result for the year (-€10,443) and Debts after one year (-€54)
- Tangible fixed assets -€1,500
no longer reported in 2025 (was €1,500)
- Receivables within one year -€431
down €431 (-27.7%), from €1,557 to €1,125
of which Other amounts receivable: -€306
- Profit (loss) carried forward -€10,443
down €10,443 (-114%), from -€9,155 to -€19,598
- Other debts +€4,942
new in 2025: €4,942
- Tax, wage and social debts +€762
up €762 (+110%), from €692 to €1,454
- Trade debts +€321
new in 2025: €321
- Gross operating margin +€17,817
up €17,817 (+71.0%), from -€25,111 to -€7,294
- Taxes -€10,861
down €10,861 (-94.6%), from €11,481 to €620
- Other operating charges +€1,529
up €1,529 (+187%), from €820 to €2,349
- Financial income -€288
no longer reported in 2025 (was €288)
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 | €16,190 | €11,719 | -€4,472 | -27.6% |
| Fixed assets | 21/28 | €1,525 | - | -€1,525 | |
| Tangible fixed assets | 22/27 | €1,500 | - | -€1,500 | |
| Other tangible fixed assets | 26 | €1,500 | - | -€1,500 | |
| Financial fixed assets | 28 | €25 | - | -€25 | |
| Current assets | 29/58 | €14,665 | €11,719 | -€2,947 | -20.1% |
| Amounts receivable within one year | 40/41 | €1,557 | €1,125 | -€431 | -27.7% |
| Trade receivables | 40 | €1,251 | €1,125 | -€125 | -10.0% |
| Other amounts receivable | 41 | €306 | - | -€306 | |
| Cash at bank and in hand | 54/58 | €12,283 | €9,902 | -€2,381 | -19.4% |
| Deferred charges and accrued income | 490/1 | €826 | €692 | -€134 | -16.2% |
| Total equity and liabilities | 10/49 | €16,190 | €11,719 | -€4,472 | -27.6% |
| Equity | 10/15 | €15,445 | €5,002 | -€10,443 | -67.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,155 | -€19,598 | -€10,443 | -114% |
| Amounts payable | 17/49 | €746 | €6,717 | +€5,971 | +801% |
| Amounts payable after more than one year | 17 | €54 | - | -€54 | |
| Other amounts payable | 178/9 | €54 | - | -€54 | |
| Amounts payable within one year | 42/48 | €692 | €6,717 | +€6,025 | +871% |
| Trade debts | 44 | - | €321 | +€321 | |
| Suppliers | 440/4 | - | €321 | +€321 | |
| Taxes, remuneration and social security | 45 | €692 | €1,454 | +€762 | +110% |
| Taxes | 450/3 | €692 | €1,454 | +€762 | +110% |
| Other amounts payable | 47/48 | - | €4,942 | +€4,942 | |
| Other operating charges | 640/8 | €820 | €2,349 | +€1,529 | +187% |
| Gross operating margin | 9900 | -€25,111 | -€7,294 | +€17,817 | +71.0% |
| Operating profit (loss) | 9901 | -€25,931 | -€9,643 | +€16,288 | +62.8% |
| Financial income | 75/76B | €288 | - | -€288 | |
| Recurring financial income | 75 | €288 | - | -€288 | |
| Financial charges | 65/66B | €189 | €180 | -€10 | -5.0% |
| Recurring financial charges | 65 | €189 | €180 | -€10 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€25,833 | -€9,823 | +€16,010 | +62.0% |
| Income taxes | 67/77 | €11,481 | €620 | -€10,861 | -94.6% |
| Profit (loss) for the period | 9904 | -€37,313 | -€10,443 | +€26,870 | +72.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,313 | -€10,443 | +€26,870 | +72.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.