VDIB HOLDING: 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.
What changed
VDIB HOLDING
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€501,417
2024 · -€1.4m+€881,354
Equity
€79.3m
2024 · €79.8m-€501,417
Cash
€2.3m
2024 · €3.1m-€732,884
Balance sheet total
€127.8m
2024 · €126.2m+€1.6m
Largest movements
Assets
- Tangible fixed assets +€1.3m
up €1.3m (+84.6%), from €1.6m to €2.9m
of which Land and buildings: +€1.3m
Equity and liabilities
- Other debts +€2.6m
up €2.6m (+5.8%), from €44.5m to €47.1m
Income statement
- Financial income +€724,681
up €724,681 (+110%), from €660,765 to €1.4m
- Financial charges -€191,423
down €191,423 (-9.8%), from €1.9m to €1.8m
- Other operating charges +€40,667
up €40,667 (+114%), from €35,519 to €76,185
- Gross operating margin -€3,208
down €3,208 (-14.9%), from -€21,543 to -€24,751
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.
Result 2024
-€1.4m
Gross operating margin
-€3,208
Other operating charges
-€40,667
Other operating items
+€9,125
Financial income
+€724,681
Financial charges
+€191,423
Result 2025
-€501,417
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€170,747
Investment
-€939,621
Financing
+€35,990
Cash 2024
€3.1m
From operations (derived)
+€170,747
Net result for the year
-€501,417
Depreciation
+€31,875
Receivables after one year
-€450,000
Receivables within one year
-€998,453
Deferred charges and accrued income
-€2,011
Trade debts
+€58,252
Other debts
+€2.6m
Accrued charges and deferred income
-€555,555
Investment (derived)
-€939,621
Investment in fixed assets (net)
-€1.6m
Current investments
+€663,063
Financing
+€35,990
Short-term financial debts
+€35,990
Cash 2025
€2.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,196,277 | €127,821,603 | +€1.6m | +1.3% |
| Fixed assets | 21/28 | €88,548,050 | €90,118,859 | +€1.6m | +1.8% |
| Tangible fixed assets | 22/27 | €1,561,860 | €2,882,664 | +€1.3m | +84.6% |
| Land and buildings | 22 | €1,540,525 | €2,866,329 | +€1.3m | +86.1% |
| Other tangible fixed assets | 26 | €21,335 | €16,335 | -€5,000 | -23.4% |
| Financial fixed assets | 28 | €86,986,190 | €87,236,195 | +€250,005 | +0.3% |
| Current assets | 29/58 | €37,648,227 | €37,702,744 | +€54,517 | +0.1% |
| Amounts receivable after more than one year | 29 | €3,950,000 | €4,400,000 | +€450,000 | +11.4% |
| Other amounts receivable | 291 | €3,950,000 | €4,400,000 | +€450,000 | +11.4% |
| Amounts receivable within one year | 40/41 | €19,216,696 | €20,215,149 | +€998,453 | +5.2% |
| Other amounts receivable | 41 | €19,216,696 | €20,215,149 | +€998,453 | +5.2% |
| Current investments | 50/53 | €11,135,819 | €10,472,757 | -€663,063 | -6.0% |
| Cash at bank and in hand | 54/58 | €3,062,670 | €2,329,786 | -€732,884 | -23.9% |
| Deferred charges and accrued income | 490/1 | €283,041 | €285,052 | +€2,011 | +0.7% |
| Total equity and liabilities | 10/49 | €126,196,277 | €127,821,603 | +€1.6m | +1.3% |
| Equity | 10/15 | €79,762,852 | €79,261,435 | -€501,417 | -0.6% |
| Contributions | 10/11 | €82,400,568 | €82,400,568 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,637,716 | -€3,139,133 | -€501,417 | -19.0% |
| Amounts payable | 17/49 | €46,433,425 | €48,560,168 | +€2.1m | +4.6% |
| Amounts payable within one year | 42/48 | €44,519,047 | €47,201,346 | +€2.7m | +6.0% |
| Financial debts | 43 | - | €35,990 | +€35,990 | |
| Credit institutions | 430/8 | - | €35,990 | +€35,990 | |
| Trade debts | 44 | €30,067 | €88,319 | +€58,252 | +194% |
| Suppliers | 440/4 | €30,067 | €88,319 | +€58,252 | +194% |
| Other amounts payable | 47/48 | €44,488,980 | €47,077,037 | +€2.6m | +5.8% |
| Accrued charges and deferred income | 492/3 | €1,914,378 | €1,358,822 | -€555,555 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,875 | €31,875 | = | 0.0% |
| Other operating charges | 640/8 | €35,519 | €76,185 | +€40,667 | +114% |
| Non-recurring operating charges | 66A | €9,125 | €0 | -€9,125 | -100% |
| Gross operating margin | 9900 | -€21,543 | -€24,751 | -€3,208 | -14.9% |
| Operating profit (loss) | 9901 | -€98,062 | -€132,812 | -€34,750 | -35.4% |
| Financial income | 75/76B | €660,765 | €1,385,446 | +€724,681 | +110% |
| Recurring financial income | 75 | €660,765 | €1,385,446 | +€724,681 | +110% |
| Financial charges | 65/66B | €1,945,474 | €1,754,052 | -€191,423 | -9.8% |
| Recurring financial charges | 65 | €1,945,474 | €1,754,052 | -€191,423 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,382,771 | -€501,417 | +€881,354 | +63.7% |
| Profit (loss) for the period | 9904 | -€1,382,771 | -€501,417 | +€881,354 | +63.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,382,771 | -€501,417 | +€881,354 | +63.7% |
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 16 October 2026 via checked.be.