VDP Projects: 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 Projects
Largest movements
- Cash -€167,973
down €167,973 (-53.7%), from €312,754 to €144,781
mainly Debts after one year (-€92,300) and Receivables within one year (-€65,087)
- Receivables within one year +€65,087
up €65,087 (+271%), from €24,000 to €89,087
- Stocks and contracts +€10,000
new in 2025: €10,000
- Debts after one year -€92,300
no longer reported in 2025 (was €92,300)
- Financial charges -€5,016
down €5,016 (-94.2%), from €5,323 to €307
- Financial income +€1,289
new in 2025: €1,289
- Gross operating margin -€983
new in 2025: -€983
- Other operating charges +€16
up €16 (+2.8%), from €569 to €585
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 | €336,754 | €243,868 | -€92,886 | -27.6% |
| Current assets | 29/58 | €336,754 | €243,868 | -€92,886 | -27.6% |
| Stocks and contracts in progress | 3 | - | €10,000 | +€10,000 | |
| Stocks | 30/36 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €24,000 | €89,087 | +€65,087 | +271% |
| Other amounts receivable | 41 | €24,000 | €89,087 | +€65,087 | +271% |
| Cash at bank and in hand | 54/58 | €312,754 | €144,781 | -€167,973 | -53.7% |
| Total equity and liabilities | 10/49 | €336,754 | €243,868 | -€92,886 | -27.6% |
| Equity | 10/15 | €10,070 | €9,484 | -€586 | -5.8% |
| Contributions | 10/11 | €18,555 | €18,555 | = | 0.0% |
| Reserves | 13 | €16,485 | €16,485 | = | 0.0% |
| Non-distributable reserves | 130/1 | €824 | €824 | = | 0.0% |
| Reserves not available under the articles | 1311 | €824 | €824 | = | 0.0% |
| Distributable reserves | 133 | €15,661 | €15,661 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,970 | -€25,556 | -€586 | -2.3% |
| Amounts payable | 17/49 | €326,684 | €234,384 | -€92,300 | -28.3% |
| Amounts payable after more than one year | 17 | €92,300 | - | -€92,300 | |
| Financial debts | 170/4 | €92,300 | - | -€92,300 | |
| Accrued charges and deferred income | 492/3 | €234,384 | €234,384 | = | 0.0% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.8% |
| Gross operating margin | 9900 | - | -€983 | -€983 | |
| Operating profit (loss) | 9901 | -€569 | -€1,568 | -€999 | -176% |
| Financial income | 75/76B | - | €1,289 | +€1,289 | |
| Recurring financial income | 75 | - | €1,289 | +€1,289 | |
| Financial charges | 65/66B | €5,323 | €307 | -€5,016 | -94.2% |
| Recurring financial charges | 65 | €5,323 | €307 | -€5,016 | -94.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,892 | -€586 | +€5,306 | +90.1% |
| Profit (loss) for the period | 9904 | -€5,892 | -€586 | +€5,306 | +90.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,892 | -€586 | +€5,306 | +90.1% |
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 17 October 2026 via checked.be.