VDH TOITURES: 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 TOITURES
Largest movements
- Tangible fixed assets -€10,677
down €10,677 (-9.1%), from €117,853 to €107,175
of which Land and buildings: -€6,323
- Cash +€5,011
up €5,011 (+128%), from €3,904 to €8,915
mainly Net result for the year (+€63,101) and Tax, wage and social debts (+€25,951)
- Accrued charges and deferred income -€94,693
no longer reported in 2025 (was €94,693)
- Reserves +€55,000
new in 2025: €55,000
- Tax, wage and social debts +€25,951
new in 2025: €25,951
- Profit (loss) carried forward +€8,101
up €8,101 (+106%), from €7,670 to €15,771
- Gross operating margin +€94,552
up €94,552 (+1,857%), from €5,090 to €99,642
- Taxes +€25,951
new in 2025: €25,951
- Depreciation -€3,545
down €3,545 (-27.4%), from €12,929 to €9,384
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 | €123,332 | €116,714 | -€6,618 | -5.4% |
| Fixed assets | 21/28 | €117,853 | €107,175 | -€10,677 | -9.1% |
| Tangible fixed assets | 22/27 | €117,853 | €107,175 | -€10,677 | -9.1% |
| Land and buildings | 22 | €109,383 | €103,061 | -€6,323 | -5.8% |
| Plant, machinery and equipment | 23 | €4,772 | €2,404 | -€2,368 | -49.6% |
| Furniture and vehicles | 24 | €3,698 | €1,711 | -€1,987 | -53.7% |
| Current assets | 29/58 | €5,479 | €9,539 | +€4,060 | +74.1% |
| Amounts receivable within one year | 40/41 | €1,035 | - | -€1,035 | |
| Trade receivables | 40 | €1,035 | - | -€1,035 | |
| Cash at bank and in hand | 54/58 | €3,904 | €8,915 | +€5,011 | +128% |
| Deferred charges and accrued income | 490/1 | €540 | €624 | +€83 | +15.4% |
| Total equity and liabilities | 10/49 | €123,332 | €116,714 | -€6,618 | -5.4% |
| Equity | 10/15 | €17,670 | €80,771 | +€63,101 | +357% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €55,000 | +€55,000 | |
| Distributable reserves | 133 | - | €55,000 | +€55,000 | |
| Profit (loss) carried forward | 14 | €7,670 | €15,771 | +€8,101 | +106% |
| Amounts payable | 17/49 | €105,662 | €35,943 | -€69,719 | -66.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €10,968 | €35,943 | +€24,975 | +228% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €976 | - | -€976 | |
| Suppliers | 440/4 | €976 | - | -€976 | |
| Taxes, remuneration and social security | 45 | - | €25,951 | +€25,951 | |
| Taxes | 450/3 | - | €25,951 | +€25,951 | |
| Other amounts payable | 47/48 | €9,992 | €9,992 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €94,693 | - | -€94,693 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,929 | €9,384 | -€3,545 | -27.4% |
| Other operating charges | 640/8 | €1,034 | €1,067 | +€33 | +3.2% |
| Gross operating margin | 9900 | €5,090 | €99,642 | +€94,552 | +1,857% |
| Operating profit (loss) | 9901 | -€8,873 | €89,192 | +€98,065 | |
| Financial charges | 65/66B | €140 | €140 | = | 0.0% |
| Recurring financial charges | 65 | €140 | €140 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,013 | €89,052 | +€98,065 | |
| Income taxes | 67/77 | - | €25,951 | +€25,951 | |
| Profit (loss) for the period | 9904 | -€9,013 | €63,101 | +€72,114 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,013 | €63,101 | +€72,114 |
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 30 October 2026 via checked.be.