VDP: what changed
Two fiscal 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
- Receivables within one year +€16,473
up €16,473 (+20.6%), from €79,836 to €96,309
of which Other amounts receivable: +€11,713
- Cash -€2,696
down €2,696 (-99.9%), from €2,698 to €2
mainly Receivables within one year (-€16,473) and Investment in fixed assets (net) (-€565)
- Profit (loss) carried forward +€8,877
up €8,877 (+20.8%), from €42,667 to €51,544
- Tax, wage and social debts +€4,569
up €4,569 (+93.8%), from €4,870 to €9,439
- Taxes +€5,409
up €5,409 (+118.3%), from €4,571 to €9,981
- Gross operating margin -€4,134
down €4,134 (-15.8%), from €26,097 to €21,963
- Financial charges +€657
up €657 (+69.5%), from €946 to €1,603
- Other operating charges -€358
down €358 (-27.9%), from €1,285 to €927
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 | €115,122 | €128,905 | +€13,783 | +12.0% |
| Fixed assets | 21/28 | €2,315 | €2,302 | -€14 | -0.6% |
| Tangible fixed assets | 22/27 | €1,388 | €1,374 | -€14 | -1.0% |
| Plant, machinery and equipment | 23 | €1,256 | €837 | -€419 | -33.3% |
| Furniture and vehicles | 24 | €132 | €537 | +€405 | +306.0% |
| Financial fixed assets | 28 | €928 | €928 | = | 0.0% |
| Current assets | 29/58 | €112,807 | €126,604 | +€13,797 | +12.2% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €79,836 | €96,309 | +€16,473 | +20.6% |
| Trade receivables | 40 | €16,971 | €21,732 | +€4,760 | +28.0% |
| Other amounts receivable | 41 | €62,864 | €74,577 | +€11,713 | +18.6% |
| Cash at bank and in hand | 54/58 | €2,698 | €2 | -€2,696 | -99.9% |
| Deferred charges and accrued income | 490/1 | €274 | €293 | +€19 | +7.0% |
| Total equity and liabilities | 10/49 | €115,122 | €128,905 | +€13,783 | +12.0% |
| Equity | 10/15 | €91,827 | €100,704 | +€8,877 | +9.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €36,760 | €36,760 | = | 0.0% |
| Distributable reserves | 133 | €36,760 | €36,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,667 | €51,544 | +€8,877 | +20.8% |
| Amounts payable | 17/49 | €23,295 | €28,201 | +€4,906 | +21.1% |
| Amounts payable within one year | 42/48 | €23,295 | €28,201 | +€4,906 | +21.1% |
| Financial debts | 43 | €5,659 | €5,829 | +€170 | +3.0% |
| Credit institutions | 430/8 | €5,659 | €5,829 | +€170 | +3.0% |
| Trade debts | 44 | €12,766 | €12,933 | +€167 | +1.3% |
| Suppliers | 440/4 | €12,766 | €12,933 | +€167 | +1.3% |
| Taxes, remuneration and social security | 45 | €4,870 | €9,439 | +€4,569 | +93.8% |
| Taxes | 450/3 | €4,870 | €9,439 | +€4,569 | +93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €597 | €579 | -€18 | -3.0% |
| Other operating charges | 640/8 | €1,285 | €927 | -€358 | -27.9% |
| Gross operating margin | 9900 | €26,097 | €21,963 | -€4,134 | -15.8% |
| Operating profit (loss) | 9901 | €24,215 | €20,457 | -€3,758 | -15.5% |
| Financial income | 75/76B | €32 | €4 | -€28 | -88.3% |
| Recurring financial income | 75 | €32 | €4 | -€28 | -88.3% |
| Financial charges | 65/66B | €946 | €1,603 | +€657 | +69.5% |
| Recurring financial charges | 65 | €946 | €1,603 | +€657 | +69.5% |
| Profit (loss) for the period before taxes | 9903 | €23,301 | €18,858 | -€4,443 | -19.1% |
| Income taxes | 67/77 | €4,571 | €9,981 | +€5,409 | +118.3% |
| Profit (loss) for the period | 9904 | €18,730 | €8,877 | -€9,853 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,730 | €8,877 | -€9,853 | -52.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.