VDP+: 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.
VDP+
Largest movements
- Cash +€4,922
up €4,922 (+40.8%), from €12,074 to €16,996
mainly Net result for the year (+€10,779) and Depreciation (+€1,714)
- Receivables within one year +€4,891
up €4,891 (+21.3%), from €22,930 to €27,821
of which Other amounts receivable: +€3,781
- Tangible fixed assets -€1,714
down €1,714 (-42.7%), from €4,011 to €2,298
- Deferred charges and accrued income -€799
down €799 (-49.8%), from €1,606 to €806
- Profit (loss) carried forward +€10,779
up €10,779 (+35.5%), from €30,351 to €41,130
- Tax, wage and social debts -€1,829
down €1,829 (-82.9%), from €2,206 to €377
- Other debts -€1,591
down €1,591 (-100.0%), from €1,591 to €0
- Gross operating margin -€10,137
down €10,137 (-37.4%), from €27,109 to €16,972
- Taxes -€2,637
down €2,637 (-38.0%), from €6,936 to €4,299
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 | €40,620 | €47,921 | +€7,301 | +18.0% |
| Fixed assets | 21/28 | €4,011 | €2,298 | -€1,714 | -42.7% |
| Tangible fixed assets | 22/27 | €4,011 | €2,298 | -€1,714 | -42.7% |
| Plant, machinery and equipment | 23 | €4,011 | €2,298 | -€1,714 | -42.7% |
| Current assets | 29/58 | €36,609 | €45,624 | +€9,015 | +24.6% |
| Amounts receivable within one year | 40/41 | €22,930 | €27,821 | +€4,891 | +21.3% |
| Trade receivables | 40 | €5,580 | €6,690 | +€1,110 | +19.9% |
| Other amounts receivable | 41 | €17,350 | €21,131 | +€3,781 | +21.8% |
| Cash at bank and in hand | 54/58 | €12,074 | €16,996 | +€4,922 | +40.8% |
| Deferred charges and accrued income | 490/1 | €1,606 | €806 | -€799 | -49.8% |
| Total equity and liabilities | 10/49 | €40,620 | €47,921 | +€7,301 | +18.0% |
| Equity | 10/15 | €36,551 | €47,330 | +€10,779 | +29.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,351 | €41,130 | +€10,779 | +35.5% |
| Amounts payable | 17/49 | €4,069 | €591 | -€3,478 | -85.5% |
| Amounts payable within one year | 42/48 | €4,069 | €591 | -€3,478 | -85.5% |
| Trade debts | 44 | €273 | €215 | -€58 | -21.2% |
| Suppliers | 440/4 | €273 | €215 | -€58 | -21.2% |
| Taxes, remuneration and social security | 45 | €2,206 | €377 | -€1,829 | -82.9% |
| Taxes | 450/3 | €2,206 | €377 | -€1,829 | -82.9% |
| Other amounts payable | 47/48 | €1,591 | €0 | -€1,591 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,957 | €1,714 | -€244 | -12.5% |
| Other operating charges | 640/8 | €663 | €682 | +€19 | +2.8% |
| Gross operating margin | 9900 | €27,109 | €16,972 | -€10,137 | -37.4% |
| Operating profit (loss) | 9901 | €24,489 | €14,577 | -€9,912 | -40.5% |
| Financial income | 75/76B | €853 | €951 | +€99 | +11.6% |
| Recurring financial income | 75 | €853 | €951 | +€99 | +11.6% |
| Financial charges | 65/66B | €513 | €450 | -€63 | -12.4% |
| Recurring financial charges | 65 | €513 | €450 | -€63 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €24,828 | €15,079 | -€9,750 | -39.3% |
| Income taxes | 67/77 | €6,936 | €4,299 | -€2,637 | -38.0% |
| Profit (loss) for the period | 9904 | €17,892 | €10,779 | -€7,113 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,892 | €10,779 | -€7,113 | -39.8% |
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 12 October 2026 via checked.be.