VDK PRATIK: 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.
VDK PRATIK
Largest movements
- Cash +€152,888
up €152,888 (+118.5%), from €129,018 to €281,906
mainly Current investments (+€89,970) and Net result for the year (+€41,325)
- Current investments -€89,970
down €89,970 (-14.8%), from €606,517 to €516,546
- Receivables within one year -€18,739
down €18,739 (-89.0%), from €21,062 to €2,323
of which Trade receivables: -€16,048
- Reserves +€41,325
up €41,325 (+8.9%), from €461,756 to €503,081
of which Distributable reserves: +€41,325
- Gross operating margin -€59,078
down €59,078 (-52.0%), from €113,530 to €54,453
- Taxes -€13,491
down €13,491 (-40.3%), from €33,472 to €19,981
- Financial income +€3,406
up €3,406 (+31.3%), from €10,891 to €14,297
- Depreciation -€1,787
down €1,787 (-25.3%), from €7,072 to €5,284
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 | €764,992 | €803,672 | +€38,680 | +5.1% |
| Fixed assets | 21/28 | €6,708 | €1,423 | -€5,284 | -78.8% |
| Tangible fixed assets | 22/27 | €6,708 | €1,423 | -€5,284 | -78.8% |
| Furniture and vehicles | 24 | €5,730 | €941 | -€4,789 | -83.6% |
| Other tangible fixed assets | 26 | €978 | €482 | -€496 | -50.7% |
| Current assets | 29/58 | €758,284 | €802,248 | +€43,964 | +5.8% |
| Amounts receivable within one year | 40/41 | €21,062 | €2,323 | -€18,739 | -89.0% |
| Trade receivables | 40 | €16,048 | - | -€16,048 | |
| Other amounts receivable | 41 | €5,014 | €2,323 | -€2,691 | -53.7% |
| Current investments | 50/53 | €606,517 | €516,546 | -€89,970 | -14.8% |
| Cash at bank and in hand | 54/58 | €129,018 | €281,906 | +€152,888 | +118.5% |
| Deferred charges and accrued income | 490/1 | €1,688 | €1,473 | -€214 | -12.7% |
| Total equity and liabilities | 10/49 | €764,992 | €803,672 | +€38,680 | +5.1% |
| Equity | 10/15 | €739,986 | €781,311 | +€41,325 | +5.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €461,756 | €503,081 | +€41,325 | +8.9% |
| Non-distributable reserves | 130/1 | €10,860 | €10,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,860 | €10,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,050 | €21,050 | = | 0.0% |
| Distributable reserves | 133 | €429,846 | €471,171 | +€41,325 | +9.6% |
| Profit (loss) carried forward | 14 | €272,030 | €272,030 | = | 0.0% |
| Amounts payable | 17/49 | €25,006 | €22,361 | -€2,645 | -10.6% |
| Amounts payable within one year | 42/48 | €25,006 | €22,361 | -€2,645 | -10.6% |
| Trade debts | 44 | €455 | €443 | -€12 | -2.7% |
| Suppliers | 440/4 | €455 | €443 | -€12 | -2.7% |
| Taxes, remuneration and social security | 45 | €16,047 | €11,856 | -€4,191 | -26.1% |
| Taxes | 450/3 | €16,047 | €11,856 | -€4,191 | -26.1% |
| Other amounts payable | 47/48 | €8,503 | €10,062 | +€1,559 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,072 | €5,284 | -€1,787 | -25.3% |
| Other operating charges | 640/8 | €726 | €752 | +€26 | +3.6% |
| Non-recurring operating charges | 66A | €42 | - | -€42 | |
| Gross operating margin | 9900 | €113,530 | €54,453 | -€59,078 | -52.0% |
| Operating profit (loss) | 9901 | €105,691 | €48,416 | -€57,275 | -54.2% |
| Financial income | 75/76B | €10,891 | €14,297 | +€3,406 | +31.3% |
| Recurring financial income | 75 | €10,891 | €14,297 | +€3,406 | +31.3% |
| Financial charges | 65/66B | €571 | €1,408 | +€837 | +146.6% |
| Recurring financial charges | 65 | €571 | €1,408 | +€837 | +146.6% |
| Profit (loss) for the period before taxes | 9903 | €116,011 | €61,305 | -€54,706 | -47.2% |
| Income taxes | 67/77 | €33,472 | €19,981 | -€13,491 | -40.3% |
| Profit (loss) for the period | 9904 | €82,539 | €41,325 | -€41,214 | -49.9% |
| Transfer from tax-exempt reserves | 789 | €42,100 | - | -€42,100 | |
| Transfer to tax-exempt reserves | 689 | €12,878 | - | -€12,878 | |
| Profit (loss) for the period to be appropriated | 9905 | €111,761 | €41,325 | -€70,436 | -63.0% |
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 11 October 2026 via checked.be.