VDK Property: 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 Property
Largest movements
- Receivables within one year -€215,397
down €215,397 (-45.0%), from €478,664 to €263,267
of which Other amounts receivable: -€233,670
- Tangible fixed assets -€16,245
down €16,245 (-21.7%), from €74,769 to €58,524
- Other debts -€204,387
down €204,387 (-30.6%), from €668,782 to €464,395
- Profit (loss) carried forward -€23,934
down €23,934 (-7.9%), from -€304,197 to -€328,131
- Gross operating margin -€74,792
down €74,792, from €74,728 to -€64
- Financial charges +€9,007
up €9,007 (+91.2%), from €9,873 to €18,880
- Financial income -€2,928
down €2,928 (-20.6%), from €14,183 to €11,255
- Depreciation -€1,558
down €1,558 (-8.8%), from €17,803 to €16,245
- Other operating charges -€1,447
no longer reported in 2024 (was €1,447)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €636,935 | €408,501 | -€228,434 | -35.9% |
| Fixed assets | 21/28 | €74,769 | €58,524 | -€16,245 | -21.7% |
| Tangible fixed assets | 22/27 | €74,769 | €58,524 | -€16,245 | -21.7% |
| Plant, machinery and equipment | 23 | €74,769 | €58,524 | -€16,245 | -21.7% |
| Current assets | 29/58 | €562,166 | €349,978 | -€212,189 | -37.7% |
| Amounts receivable within one year | 40/41 | €478,664 | €263,267 | -€215,397 | -45.0% |
| Trade receivables | 40 | €12,859 | €31,132 | +€18,273 | +142% |
| Other amounts receivable | 41 | €465,804 | €232,135 | -€233,670 | -50.2% |
| Cash at bank and in hand | 54/58 | €75 | €5 | -€70 | -93.4% |
| Deferred charges and accrued income | 490/1 | €83,427 | €86,706 | +€3,278 | +3.9% |
| Total equity and liabilities | 10/49 | €636,935 | €408,501 | -€228,434 | -35.9% |
| Equity | 10/15 | -€54,197 | -€78,131 | -€23,934 | -44.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€304,197 | -€328,131 | -€23,934 | -7.9% |
| Amounts payable | 17/49 | €691,132 | €486,633 | -€204,499 | -29.6% |
| Amounts payable within one year | 42/48 | €674,949 | €470,450 | -€204,499 | -30.3% |
| Trade debts | 44 | €112 | - | -€112 | |
| Suppliers | 440/4 | €112 | - | -€112 | |
| Taxes, remuneration and social security | 45 | €6,055 | €6,055 | = | 0.0% |
| Taxes | 450/3 | €6,055 | €6,055 | = | 0.0% |
| Other amounts payable | 47/48 | €668,782 | €464,395 | -€204,387 | -30.6% |
| Accrued charges and deferred income | 492/3 | €16,183 | €16,183 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,803 | €16,245 | -€1,558 | -8.8% |
| Other operating charges | 640/8 | €1,447 | - | -€1,447 | |
| Gross operating margin | 9900 | €74,728 | -€64 | -€74,792 | |
| Operating profit (loss) | 9901 | €55,478 | -€16,309 | -€71,787 | |
| Financial income | 75/76B | €14,183 | €11,255 | -€2,928 | -20.6% |
| Recurring financial income | 75 | €14,183 | €11,255 | -€2,928 | -20.6% |
| Financial charges | 65/66B | €9,873 | €18,880 | +€9,007 | +91.2% |
| Recurring financial charges | 65 | €9,873 | €18,880 | +€9,007 | +91.2% |
| Profit (loss) for the period before taxes | 9903 | €59,788 | -€23,934 | -€83,722 | |
| Profit (loss) for the period | 9904 | €59,788 | -€23,934 | -€83,722 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,788 | -€23,934 | -€83,722 |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.