VDLELIE: 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.
VDLELIE
Largest movements
- Cash +€139,184
up €139,184 (+114.4%), from €121,616 to €260,800
mainly Net result for the year (+€137,965) and Other debts (+€100,584)
- Current investments -€80,000
no longer reported in 2025 (was €80,000)
- Deferred charges and accrued income +€17,948
up €17,948 (+23.1%), from €77,617 to €95,565
- Tangible fixed assets -€10,068
down €10,068 (-32.6%), from €30,923 to €20,855
of which Furniture and vehicles: -€9,920
- Other debts +€100,584
new in 2025: €100,584
- Tax, wage and social debts -€15,616
down €15,616 (-28.8%), from €54,283 to €38,668
of which Taxes: -€17,157
- Debts after one year -€8,719
down €8,719 (-47.1%), from €18,505 to €9,787
- Accrued charges and deferred income -€6,106
down €6,106 (-73.4%), from €8,314 to €2,208
- Gross operating margin +€63,254
up €63,254 (+45.5%), from €139,119 to €202,374
- Taxes +€14,895
up €14,895 (+54.9%), from €27,113 to €42,008
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 | €310,757 | €377,220 | +€66,463 | +21.4% |
| Fixed assets | 21/28 | €30,923 | €20,855 | -€10,068 | -32.6% |
| Tangible fixed assets | 22/27 | €30,923 | €20,855 | -€10,068 | -32.6% |
| Plant, machinery and equipment | 23 | €267 | €119 | -€148 | -55.4% |
| Furniture and vehicles | 24 | €30,656 | €20,736 | -€9,920 | -32.4% |
| Current assets | 29/58 | €279,834 | €356,364 | +€76,530 | +27.3% |
| Amounts receivable within one year | 40/41 | €601 | - | -€601 | |
| Other amounts receivable | 41 | €601 | - | -€601 | |
| Current investments | 50/53 | €80,000 | - | -€80,000 | |
| Cash at bank and in hand | 54/58 | €121,616 | €260,800 | +€139,184 | +114.4% |
| Deferred charges and accrued income | 490/1 | €77,617 | €95,565 | +€17,948 | +23.1% |
| Total equity and liabilities | 10/49 | €310,757 | €377,220 | +€66,463 | +21.4% |
| Equity | 10/15 | €218,251 | €215,716 | -€2,535 | -1.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213,251 | €210,716 | -€2,535 | -1.2% |
| Amounts payable | 17/49 | €92,505 | €161,503 | +€68,998 | +74.6% |
| Amounts payable after more than one year | 17 | €18,505 | €9,787 | -€8,719 | -47.1% |
| Financial debts | 170/4 | €18,505 | €9,787 | -€8,719 | -47.1% |
| Amounts payable within one year | 42/48 | €65,686 | €149,509 | +€83,823 | +127.6% |
| Current portion of amounts payable after more than one year | 42 | €8,426 | €9,432 | +€1,006 | +11.9% |
| Trade debts | 44 | €2,977 | €825 | -€2,152 | -72.3% |
| Suppliers | 440/4 | €2,977 | €825 | -€2,152 | -72.3% |
| Taxes, remuneration and social security | 45 | €54,283 | €38,668 | -€15,616 | -28.8% |
| Taxes | 450/3 | €52,974 | €35,817 | -€17,157 | -32.4% |
| Remuneration and social security | 454/9 | €1,309 | €2,850 | +€1,541 | +117.7% |
| Other amounts payable | 47/48 | - | €100,584 | +€100,584 | |
| Accrued charges and deferred income | 492/3 | €8,314 | €2,208 | -€6,106 | -73.4% |
| Remuneration, social security and pensions | 62 | €10,759 | €12,057 | +€1,298 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,556 | €10,068 | +€512 | +5.4% |
| Other operating charges | 640/8 | €587 | €1,046 | +€459 | +78.3% |
| Gross operating margin | 9900 | €139,119 | €202,374 | +€63,254 | +45.5% |
| Operating profit (loss) | 9901 | €118,218 | €179,203 | +€60,985 | +51.6% |
| Financial income | 75/76B | €1,346 | €1,596 | +€250 | +18.6% |
| Recurring financial income | 75 | €1,346 | €1,596 | +€250 | +18.6% |
| Financial charges | 65/66B | €1,184 | €826 | -€358 | -30.3% |
| Recurring financial charges | 65 | €1,184 | €826 | -€358 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €118,380 | €179,973 | +€61,593 | +52.0% |
| Income taxes | 67/77 | €27,113 | €42,008 | +€14,895 | +54.9% |
| Profit (loss) for the period | 9904 | €91,267 | €137,965 | +€46,698 | +51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €91,267 | €137,965 | +€46,698 | +51.2% |
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.