VDKINE: 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.
VDKINE
Largest movements
- Cash +€6,333
up €6,333 (+541.0%), from €1,171 to €7,503
mainly Depreciation (+€5,612) and Net result for the year (+€4,479)
- Tangible fixed assets -€5,612
down €5,612 (-25.0%), from €22,470 to €16,858
of which Furniture and vehicles: -€5,309
- Receivables within one year -€856
down €856 (-91.3%), from €937 to €81
- Deferred charges and accrued income -€427
down €427 (-27.4%), from €1,562 to €1,134
- Debts after one year -€5,307
down €5,307 (-51.9%), from €10,227 to €4,920
- Profit (loss) carried forward +€4,479
up €4,479 (+236.9%), from €1,891 to €6,369
- Other debts +€1,645
up €1,645 (+2217.3%), from €74 to €1,719
- Tax, wage and social debts -€1,095
down €1,095 (-47.7%), from €2,294 to €1,199
of which Taxes: -€1,095
- Current portion of long-term debt -€388
down €388 (-7.4%), from €5,244 to €4,857
- Gross operating margin +€3,244
up €3,244 (+29.9%), from €10,841 to €14,085
- Taxes +€905
up €905 (+48.5%), from €1,869 to €2,774
- Depreciation +€483
up €483 (+9.4%), from €5,128 to €5,612
- Other operating charges +€274
up €274 (+40.0%), from €685 to €958
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 | €26,139 | €25,577 | -€562 | -2.1% |
| Fixed assets | 21/28 | €22,470 | €16,858 | -€5,612 | -25.0% |
| Tangible fixed assets | 22/27 | €22,470 | €16,858 | -€5,612 | -25.0% |
| Land and buildings | 22 | €2,986 | €2,684 | -€303 | -10.1% |
| Furniture and vehicles | 24 | €19,484 | €14,175 | -€5,309 | -27.2% |
| Current assets | 29/58 | €3,669 | €8,719 | +€5,050 | +137.6% |
| Amounts receivable within one year | 40/41 | €937 | €81 | -€856 | -91.3% |
| Trade receivables | 40 | €937 | €81 | -€856 | -91.3% |
| Cash at bank and in hand | 54/58 | €1,171 | €7,503 | +€6,333 | +541.0% |
| Deferred charges and accrued income | 490/1 | €1,562 | €1,134 | -€427 | -27.4% |
| Total equity and liabilities | 10/49 | €26,139 | €25,577 | -€562 | -2.1% |
| Equity | 10/15 | €7,891 | €12,369 | +€4,479 | +56.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,891 | €6,369 | +€4,479 | +236.9% |
| Amounts payable | 17/49 | €18,249 | €13,208 | -€5,040 | -27.6% |
| Amounts payable after more than one year | 17 | €10,227 | €4,920 | -€5,307 | -51.9% |
| Financial debts | 170/4 | €10,227 | €4,920 | -€5,307 | -51.9% |
| Amounts payable within one year | 42/48 | €8,022 | €8,288 | +€267 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €5,244 | €4,857 | -€388 | -7.4% |
| Trade debts | 44 | €409 | €513 | +€104 | +25.3% |
| Suppliers | 440/4 | €409 | €513 | +€104 | +25.3% |
| Taxes, remuneration and social security | 45 | €2,294 | €1,199 | -€1,095 | -47.7% |
| Taxes | 450/3 | €1,794 | €699 | -€1,095 | -61.0% |
| Remuneration and social security | 454/9 | €500 | €500 | = | 0.0% |
| Other amounts payable | 47/48 | €74 | €1,719 | +€1,645 | +2217.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,128 | €5,612 | +€483 | +9.4% |
| Other operating charges | 640/8 | €685 | €958 | +€274 | +40.0% |
| Gross operating margin | 9900 | €10,841 | €14,085 | +€3,244 | +29.9% |
| Operating profit (loss) | 9901 | €5,028 | €7,515 | +€2,487 | +49.5% |
| Financial charges | 65/66B | €222 | €262 | +€40 | +17.9% |
| Recurring financial charges | 65 | €222 | €262 | +€40 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €4,805 | €7,253 | +€2,447 | +50.9% |
| Income taxes | 67/77 | €1,869 | €2,774 | +€905 | +48.5% |
| Profit (loss) for the period | 9904 | €2,937 | €4,479 | +€1,542 | +52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,937 | €4,479 | +€1,542 | +52.5% |
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 3 October 2026 via checked.be.