VDMM: 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.
VDMM
Largest movements
- Cash +€116,170
up €116,170 (+661%), from €17,575 to €133,745
mainly Net result for the year (+€77,923) and Tax, wage and social debts (+€19,079)
- Tangible fixed assets -€8,750
down €8,750 (-4.1%), from €214,668 to €205,918
- Receivables within one year -€8,470
down €8,470 (-100%), from €8,470 to €0
- Reserves +€78,000
up €78,000 (+41.7%), from €187,000 to €265,000
- Tax, wage and social debts +€19,079
up €19,079 (+110%), from €17,324 to €36,404
- Other debts +€3,780
up €3,780 (+12.7%), from €29,877 to €33,658
- Gross operating margin +€42,848
up €42,848 (+63.4%), from €67,562 to €110,410
- Taxes +€10,218
up €10,218 (+93.4%), from €10,935 to €21,153
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 | €242,072 | €339,663 | +€97,591 | +40.3% |
| Fixed assets | 21/28 | €214,668 | €205,918 | -€8,750 | -4.1% |
| Tangible fixed assets | 22/27 | €214,668 | €205,918 | -€8,750 | -4.1% |
| Land and buildings | 22 | €214,668 | €205,918 | -€8,750 | -4.1% |
| Current assets | 29/58 | €27,405 | €133,745 | +€106,341 | +388% |
| Amounts receivable within one year | 40/41 | €8,470 | €0 | -€8,470 | -100% |
| Trade receivables | 40 | €8,470 | €0 | -€8,470 | -100% |
| Cash at bank and in hand | 54/58 | €17,575 | €133,745 | +€116,170 | +661% |
| Deferred charges and accrued income | 490/1 | €1,359 | €0 | -€1,359 | -100% |
| Total equity and liabilities | 10/49 | €242,072 | €339,663 | +€97,591 | +40.3% |
| Equity | 10/15 | €189,549 | €267,472 | +€77,923 | +41.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €187,000 | €265,000 | +€78,000 | +41.7% |
| Distributable reserves | 133 | €187,000 | €265,000 | +€78,000 | +41.7% |
| Profit (loss) carried forward | 14 | €549 | €472 | -€77 | -14.0% |
| Amounts payable | 17/49 | €52,524 | €72,191 | +€19,667 | +37.4% |
| Amounts payable within one year | 42/48 | €49,694 | €70,322 | +€20,629 | +41.5% |
| Trade debts | 44 | €2,492 | €261 | -€2,231 | -89.5% |
| Suppliers | 440/4 | €2,492 | €261 | -€2,231 | -89.5% |
| Taxes, remuneration and social security | 45 | €17,324 | €36,404 | +€19,079 | +110% |
| Taxes | 450/3 | €17,324 | €36,404 | +€19,079 | +110% |
| Other amounts payable | 47/48 | €29,877 | €33,658 | +€3,780 | +12.7% |
| Accrued charges and deferred income | 492/3 | €2,830 | €1,869 | -€961 | -34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,750 | €8,750 | = | 0.0% |
| Other operating charges | 640/8 | €1,735 | €669 | -€1,066 | -61.5% |
| Gross operating margin | 9900 | €67,562 | €110,410 | +€42,848 | +63.4% |
| Operating profit (loss) | 9901 | €57,077 | €100,992 | +€43,914 | +76.9% |
| Financial charges | 65/66B | €2,404 | €1,915 | -€488 | -20.3% |
| Recurring financial charges | 65 | €2,404 | €1,915 | -€488 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €54,674 | €99,076 | +€44,402 | +81.2% |
| Income taxes | 67/77 | €10,935 | €21,153 | +€10,218 | +93.4% |
| Profit (loss) for the period | 9904 | €43,739 | €77,923 | +€34,184 | +78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,739 | €77,923 | +€34,184 | +78.2% |
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 15 October 2026 via checked.be.