VDK MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€12,193
up €12,193 (+1937.3%), from €629 to €12,822
mainly Tax, wage and social debts (+€11,833) and Net result for the year (+€10,795)
- Receivables within one year +€10,506
up €10,506 (+2732.6%), from €384 to €10,890
of which Trade receivables: +€10,890
- Tangible fixed assets +€1,949
new in 2025: €1,949
- Tax, wage and social debts +€11,833
new in 2025: €11,833
of which Taxes: +€9,833
- Profit (loss) carried forward +€10,795
up €10,795, from -€1,986 to €8,808
- Other debts +€1,933
new in 2025: €1,933
- Gross operating margin +€16,929
up €16,929, from -€1,936 to €14,993
- Taxes +€3,394
new in 2025: €3,394
- Depreciation +€709
new in 2025: €709
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 | €1,014 | €25,687 | +€24,673 | +2433.8% |
| Fixed assets | 21/28 | - | €1,949 | +€1,949 | |
| Tangible fixed assets | 22/27 | - | €1,949 | +€1,949 | |
| Plant, machinery and equipment | 23 | - | €1,949 | +€1,949 | |
| Current assets | 29/58 | €1,014 | €23,738 | +€22,725 | +2241.5% |
| Amounts receivable within one year | 40/41 | €384 | €10,890 | +€10,506 | +2732.6% |
| Trade receivables | 40 | - | €10,890 | +€10,890 | |
| Other amounts receivable | 41 | €384 | €0 | -€384 | -100.0% |
| Cash at bank and in hand | 54/58 | €629 | €12,822 | +€12,193 | +1937.3% |
| Deferred charges and accrued income | 490/1 | - | €27 | +€27 | |
| Total equity and liabilities | 10/49 | €1,014 | €25,687 | +€24,673 | +2433.8% |
| Equity | 10/15 | €1,014 | €11,808 | +€10,795 | +1064.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,986 | €8,808 | +€10,795 | |
| Amounts payable | 17/49 | - | €13,879 | +€13,879 | |
| Amounts payable within one year | 42/48 | - | €13,879 | +€13,879 | |
| Trade debts | 44 | - | €113 | +€113 | |
| Suppliers | 440/4 | - | €113 | +€113 | |
| Taxes, remuneration and social security | 45 | - | €11,833 | +€11,833 | |
| Taxes | 450/3 | - | €9,833 | +€9,833 | |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | - | €1,933 | +€1,933 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €709 | +€709 | |
| Other operating charges | 640/8 | €50 | €0 | -€50 | -100.0% |
| Gross operating margin | 9900 | -€1,936 | €14,993 | +€16,929 | |
| Operating profit (loss) | 9901 | -€1,986 | €14,284 | +€16,270 | |
| Financial charges | 65/66B | - | €96 | +€96 | |
| Recurring financial charges | 65 | - | €96 | +€96 | |
| Profit (loss) for the period before taxes | 9903 | -€1,986 | €14,188 | +€16,174 | |
| Income taxes | 67/77 | - | €3,394 | +€3,394 | |
| Profit (loss) for the period | 9904 | -€1,986 | €10,795 | +€12,781 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,986 | €10,795 | +€12,781 |
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 2 October 2026 via checked.be.