VDH DEV: what changed
VDH DEV
Largest movements
- Receivables within one year +€700,858
up €700,858 (+1,606%), from €43,646 to €744,505
of which Other amounts receivable: +€640,229
- Financial fixed assets -€20,000
down €20,000 (-1.7%), from €1.2m to €1.2m
- Profit (loss) carried forward +€1.4m
up €1.4m (+5,545%), from €24,577 to €1.4m
- Other debts -€431,199
down €431,199 (-96.7%), from €446,090 to €14,892
- Debts after one year -€286,072
down €286,072 (-100%), from €286,072 to €0
- Trade debts +€40,183
up €40,183 (+142%), from €28,321 to €68,505
- Gross operating margin +€1.4m
up €1.4m, from -€3,577 to €1.4m
- Financial income -€68,966
down €68,966 (-90.3%), from €76,396 to €7,430
- Purchases and services -€38,100
no longer reported in 2025 (was €38,100)
- Turnover -€34,523
no longer reported in 2025 (was €34,523)
- Financial charges -€25,733
down €25,733 (-70.7%), from €36,399 to €10,666
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,249,138 | €1,930,985 | +€681,848 | +54.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,204,612 | €1,184,612 | -€20,000 | -1.7% |
| Financial fixed assets | 28 | €1,204,612 | €1,184,612 | -€20,000 | -1.7% |
| Current assets | 29/58 | €44,526 | €746,373 | +€701,848 | +1,576% |
| Amounts receivable within one year | 40/41 | €43,646 | €744,505 | +€700,858 | +1,606% |
| Trade receivables | 40 | €38,069 | €98,698 | +€60,629 | +159% |
| Other amounts receivable | 41 | €5,578 | €645,807 | +€640,229 | +11,478% |
| Cash at bank and in hand | 54/58 | €879 | €1,869 | +€990 | +113% |
| Total equity and liabilities | 10/49 | €1,249,138 | €1,930,985 | +€681,848 | +54.6% |
| Equity | 10/15 | €464,577 | €1,827,471 | +€1.4m | +293% |
| Contributions | 10/11 | €440,000 | €440,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,577 | €1,387,471 | +€1.4m | +5,545% |
| Amounts payable | 17/49 | €784,561 | €103,514 | -€681,047 | -86.8% |
| Amounts payable after more than one year | 17 | €286,072 | €0 | -€286,072 | -100% |
| Financial debts | 170/4 | €286,072 | €0 | -€286,072 | -100% |
| Amounts payable within one year | 42/48 | €498,488 | €103,514 | -€394,974 | -79.2% |
| Current portion of amounts payable after more than one year | 42 | €24,077 | €6,072 | -€18,004 | -74.8% |
| Trade debts | 44 | €28,321 | €68,505 | +€40,183 | +142% |
| Suppliers | 440/4 | €28,321 | €68,505 | +€40,183 | +142% |
| Taxes, remuneration and social security | 45 | €0 | €14,045 | +€14,045 | |
| Taxes | 450/3 | €0 | €14,045 | +€14,045 | |
| Other amounts payable | 47/48 | €446,090 | €14,892 | -€431,199 | -96.7% |
| Turnover | 70 | €34,523 | - | -€34,523 | |
| Non-recurring operating income | 76A | - | €1,314,031 | +€1.3m | |
| Goods, raw materials, services and sundry goods | 60/61 | €38,100 | - | -€38,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155 | - | -€155 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€3,577 | €1,367,129 | +€1.4m | |
| Operating profit (loss) | 9901 | -€4,699 | €1,366,131 | +€1.4m | |
| Financial income | 75/76B | €76,396 | €7,430 | -€68,966 | -90.3% |
| Recurring financial income | 75 | €76,396 | €7,430 | -€68,966 | -90.3% |
| Financial charges | 65/66B | €36,399 | €10,666 | -€25,733 | -70.7% |
| Recurring financial charges | 65 | €36,399 | €10,666 | -€25,733 | -70.7% |
| Profit (loss) for the period before taxes | 9903 | €35,298 | €1,362,894 | +€1.3m | +3,761% |
| Profit (loss) for the period | 9904 | €35,298 | €1,362,894 | +€1.3m | +3,761% |
| Profit (loss) for the period to be appropriated | 9905 | €35,298 | €1,362,894 | +€1.3m | +3,761% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.