VDMB: 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.
VDMB
Largest movements
- Cash +€83,838
up €83,838 (+105%), from €79,806 to €163,644
mainly Net result for the year (+€130,322) and Depreciation (+€53,591)
- Tangible fixed assets -€49,091
down €49,091 (-13.7%), from €359,435 to €310,344
of which Land and buildings: -€38,179
- Receivables within one year +€40,000
up €40,000 (+46.3%), from €86,470 to €126,469
of which Trade receivables: +€28,844
- Reserves +€130,322
up €130,322 (+37.6%), from €346,609 to €476,931
- Other debts -€71,657
down €71,657 (-68.6%), from €104,449 to €32,793
- Tax, wage and social debts +€9,153
up €9,153 (+50.7%), from €18,053 to €27,207
of which Taxes: +€12,585
- Gross operating margin +€81,811
up €81,811 (+37.0%), from €221,206 to €303,017
- Taxes +€29,715
up €29,715 (+113%), from €26,251 to €55,966
- Depreciation -€7,680
down €7,680 (-12.5%), from €61,271 to €53,591
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.
Derived cash bridge
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 | €543,010 | €616,991 | +€73,981 | +13.6% |
| Fixed assets | 21/28 | €359,435 | €310,344 | -€49,091 | -13.7% |
| Tangible fixed assets | 22/27 | €359,435 | €310,344 | -€49,091 | -13.7% |
| Land and buildings | 22 | €299,140 | €260,961 | -€38,179 | -12.8% |
| Plant, machinery and equipment | 23 | €9,157 | €9,156 | -€1 | 0.0% |
| Furniture and vehicles | 24 | €46,138 | €35,227 | -€10,911 | -23.6% |
| Other tangible fixed assets | 26 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €183,576 | €306,647 | +€123,072 | +67.0% |
| Stocks and contracts in progress | 3 | €7,990 | €7,545 | -€445 | -5.6% |
| Stocks | 30/36 | €7,990 | €7,545 | -€445 | -5.6% |
| Amounts receivable within one year | 40/41 | €86,470 | €126,469 | +€40,000 | +46.3% |
| Trade receivables | 40 | €84,570 | €113,415 | +€28,844 | +34.1% |
| Other amounts receivable | 41 | €1,900 | €13,055 | +€11,155 | +587% |
| Cash at bank and in hand | 54/58 | €79,806 | €163,644 | +€83,838 | +105% |
| Deferred charges and accrued income | 490/1 | €9,310 | €8,989 | -€321 | -3.4% |
| Total equity and liabilities | 10/49 | €543,010 | €616,991 | +€73,981 | +13.6% |
| Equity | 10/15 | €406,777 | €537,099 | +€130,322 | +32.0% |
| Contributions | 10/11 | €60,168 | €60,168 | = | 0.0% |
| Reserves | 13 | €346,609 | €476,931 | +€130,322 | +37.6% |
| Distributable reserves | 133 | €346,609 | €476,931 | +€130,322 | +37.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €136,234 | €79,892 | -€56,342 | -41.4% |
| Amounts payable within one year | 42/48 | €133,614 | €76,646 | -€56,968 | -42.6% |
| Trade debts | 44 | €11,111 | €16,646 | +€5,535 | +49.8% |
| Suppliers | 440/4 | €11,111 | €16,646 | +€5,535 | +49.8% |
| Taxes, remuneration and social security | 45 | €18,053 | €27,207 | +€9,153 | +50.7% |
| Taxes | 450/3 | €8,832 | €21,416 | +€12,585 | +142% |
| Remuneration and social security | 454/9 | €9,222 | €5,790 | -€3,431 | -37.2% |
| Other amounts payable | 47/48 | €104,449 | €32,793 | -€71,657 | -68.6% |
| Accrued charges and deferred income | 492/3 | €2,620 | €3,246 | +€626 | +23.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €61,151 | €61,718 | +€567 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,271 | €53,591 | -€7,680 | -12.5% |
| Other operating charges | 640/8 | €2,994 | €2,989 | -€5 | -0.2% |
| Gross operating margin | 9900 | €221,206 | €303,017 | +€81,811 | +37.0% |
| Operating profit (loss) | 9901 | €95,790 | €184,719 | +€88,929 | +92.8% |
| Financial income | 75/76B | €3,837 | €5,211 | +€1,374 | +35.8% |
| Recurring financial income | 75 | €3,837 | €5,211 | +€1,374 | +35.8% |
| Financial charges | 65/66B | €2,804 | €3,642 | +€838 | +29.9% |
| Recurring financial charges | 65 | €2,804 | €3,642 | +€838 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €96,823 | €186,288 | +€89,465 | +92.4% |
| Income taxes | 67/77 | €26,251 | €55,966 | +€29,715 | +113% |
| Profit (loss) for the period | 9904 | €70,572 | €130,322 | +€59,750 | +84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €70,572 | €130,322 | +€59,750 | +84.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.