VDN Accounting: 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.
VDN Accounting
Largest movements
- Receivables within one year -€11,194
down €11,194 (-38.2%), from €29,266 to €18,072
of which Other amounts receivable: -€11,194
- Cash +€9,065
up €9,065 (+20.2%), from €44,893 to €53,957
mainly Net result for the year (+€26,577) and Receivables within one year (+€11,194)
- Tangible fixed assets -€7,324
down €7,324 (-52.6%), from €13,926 to €6,602
- Other debts +€10,000
up €10,000 (+50.0%), from €20,000 to €30,000
- Tax, wage and social debts -€8,598
down €8,598 (-53.2%), from €16,152 to €7,554
- Debts after one year -€6,728
no longer reported in 2025 (was €6,728)
- Reserves -€3,423
down €3,423 (-10.6%), from €32,162 to €28,739
No income-statement line moved by more than 1% of the activity.
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 | €89,785 | €80,922 | -€8,864 | -9.9% |
| Fixed assets | 21/28 | €13,926 | €6,602 | -€7,324 | -52.6% |
| Tangible fixed assets | 22/27 | €13,926 | €6,602 | -€7,324 | -52.6% |
| Furniture and vehicles | 24 | €13,926 | €6,602 | -€7,324 | -52.6% |
| Current assets | 29/58 | €75,859 | €74,320 | -€1,539 | -2.0% |
| Amounts receivable within one year | 40/41 | €29,266 | €18,072 | -€11,194 | -38.2% |
| Trade receivables | 40 | €12,705 | €12,705 | = | 0.0% |
| Other amounts receivable | 41 | €16,561 | €5,367 | -€11,194 | -67.6% |
| Cash at bank and in hand | 54/58 | €44,893 | €53,957 | +€9,065 | +20.2% |
| Deferred charges and accrued income | 490/1 | €1,701 | €2,291 | +€590 | +34.7% |
| Total equity and liabilities | 10/49 | €89,785 | €80,922 | -€8,864 | -9.9% |
| Equity | 10/15 | €38,162 | €34,739 | -€3,423 | -9.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €32,162 | €28,739 | -€3,423 | -10.6% |
| Distributable reserves | 133 | €32,162 | €28,739 | -€3,423 | -10.6% |
| Amounts payable | 17/49 | €51,624 | €46,183 | -€5,441 | -10.5% |
| Amounts payable after more than one year | 17 | €6,728 | - | -€6,728 | |
| Financial debts | 170/4 | €6,728 | - | -€6,728 | |
| Amounts payable within one year | 42/48 | €44,896 | €46,183 | +€1,287 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €6,663 | €6,728 | +€65 | +1.0% |
| Trade debts | 44 | €2,080 | €1,900 | -€179 | -8.6% |
| Suppliers | 440/4 | €2,080 | €1,900 | -€179 | -8.6% |
| Taxes, remuneration and social security | 45 | €16,152 | €7,554 | -€8,598 | -53.2% |
| Taxes | 450/3 | €16,152 | €7,554 | -€8,598 | -53.2% |
| Other amounts payable | 47/48 | €20,000 | €30,000 | +€10,000 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,324 | €7,324 | = | 0.0% |
| Other operating charges | 640/8 | €733 | €725 | -€8 | -1.1% |
| Gross operating margin | 9900 | €43,094 | €43,390 | +€296 | +0.7% |
| Operating profit (loss) | 9901 | €35,036 | €35,340 | +€304 | +0.9% |
| Financial income | 75/76B | €518 | €600 | +€83 | +16.0% |
| Recurring financial income | 75 | €518 | €600 | +€83 | +16.0% |
| Financial charges | 65/66B | €242 | €189 | -€53 | -22.0% |
| Recurring financial charges | 65 | €242 | €189 | -€53 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €35,312 | €35,752 | +€440 | +1.2% |
| Income taxes | 67/77 | €9,199 | €9,175 | -€24 | -0.3% |
| Profit (loss) for the period | 9904 | €26,113 | €26,577 | +€464 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,113 | €26,577 | +€464 | +1.8% |
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 27 October 2026 via checked.be.