VDK: what changed
Two fiscal 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.
VDK
Largest movements
- Tangible fixed assets -€1,295
down €1,295 (-53.4%), from €2,427 to €1,132
- Cash -€842
down €842 (-51.7%), from €1,630 to €788
mainly Contributions, distributions and other (-€21,212) and Receivables within one year (-€278)
- Receivables within one year +€278
up €278 (+2.2%), from €12,809 to €13,087
of which Other amounts receivable: +€278
- Reserves -€21,212
down €21,212 (-51.8%), from €40,914 to €19,703
- Other debts +€15,042
up €15,042 (+294.4%), from €5,109 to €20,151
- Trade debts +€1,863
up €1,863 (+3078.9%), from €61 to €1,924
- Profit (loss) carried forward +€1,387
up €1,387 (+3.6%), from -€38,518 to -€37,131
- Tax, wage and social debts +€1,061
up €1,061, from €0 to €1,061
- Gross operating margin +€10,319
up €10,319, from -€7,271 to €3,048
- Turnover +€6,130
new in 2025: €6,130
- Purchases and services +€3,082
new in 2025: €3,082
- Other operating charges -€383
down €383 (-67.3%), from €568 to €186
- Financial charges -€202
down €202 (-18.6%), from €1,088 to €886
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.
Cash bridge derived
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 | €16,866 | €15,007 | -€1,859 | -11.0% |
| Fixed assets | 21/28 | €2,427 | €1,132 | -€1,295 | -53.4% |
| Tangible fixed assets | 22/27 | €2,427 | €1,132 | -€1,295 | -53.4% |
| Plant, machinery and equipment | 23 | €2,427 | €1,132 | -€1,295 | -53.4% |
| Current assets | 29/58 | €14,439 | €13,875 | -€564 | -3.9% |
| Amounts receivable within one year | 40/41 | €12,809 | €13,087 | +€278 | +2.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €12,809 | €13,087 | +€278 | +2.2% |
| Cash at bank and in hand | 54/58 | €1,630 | €788 | -€842 | -51.7% |
| Total equity and liabilities | 10/49 | €16,866 | €15,007 | -€1,859 | -11.0% |
| Equity | 10/15 | €11,696 | -€8,128 | -€19,825 | |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €40,914 | €19,703 | -€21,212 | -51.8% |
| Distributable reserves | 133 | €40,914 | €19,703 | -€21,212 | -51.8% |
| Profit (loss) carried forward | 14 | -€38,518 | -€37,131 | +€1,387 | +3.6% |
| Amounts payable | 17/49 | €5,170 | €23,135 | +€17,966 | +347.5% |
| Amounts payable within one year | 42/48 | €5,170 | €23,135 | +€17,966 | +347.5% |
| Trade debts | 44 | €61 | €1,924 | +€1,863 | +3078.9% |
| Suppliers | 440/4 | €61 | €1,924 | +€1,863 | +3078.9% |
| Taxes, remuneration and social security | 45 | €0 | €1,061 | +€1,061 | |
| Taxes | 450/3 | €0 | €1,061 | +€1,061 | |
| Other amounts payable | 47/48 | €5,109 | €20,151 | +€15,042 | +294.4% |
| Turnover | 70 | - | €6,130 | +€6,130 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €3,082 | +€3,082 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,295 | €1,295 | = | 0.0% |
| Other operating charges | 640/8 | €568 | €186 | -€383 | -67.3% |
| Gross operating margin | 9900 | -€7,271 | €3,048 | +€10,319 | |
| Operating profit (loss) | 9901 | -€9,135 | €1,567 | +€10,702 | |
| Financial income | 75/76B | €851 | €706 | -€145 | -17.1% |
| Recurring financial income | 75 | €851 | €706 | -€145 | -17.1% |
| Financial charges | 65/66B | €1,088 | €886 | -€202 | -18.6% |
| Recurring financial charges | 65 | €1,088 | €886 | -€202 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,372 | €1,387 | +€10,759 | |
| Profit (loss) for the period | 9904 | -€9,372 | €1,387 | +€10,759 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,372 | €1,387 | +€10,759 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.