VDPMEDSKIN: 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.
VDPMEDSKIN
Largest movements
- Cash -€31,519
down €31,519 (-44.2%), from €71,264 to €39,745
mainly Contributions, distributions and other (-€94,960) and Debts after one year (-€43,527)
- Intangible fixed assets -€30,000
down €30,000 (-20.2%), from €148,859 to €118,859
- Deferred charges and accrued income +€5,001
up €5,001 (+327%), from €1,531 to €6,532
- Debts after one year -€43,527
down €43,527 (-54.4%), from €80,039 to €36,512
- Current portion of long-term debt -€10,323
down €10,323 (-19.2%), from €53,850 to €43,527
- Other debts -€6,088
down €6,088 (-5.8%), from €105,778 to €99,690
- Trade debts +€3,239
up €3,239 (+361%), from €896 to €4,135
- Gross operating margin -€15,405
down €15,405 (-8.7%), from €177,407 to €162,002
- Taxes -€3,263
down €3,263 (-10.2%), from €32,088 to €28,825
- Depreciation -€1,851
down €1,851 (-5.0%), from €37,358 to €35,506
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 | €249,845 | €191,245 | -€58,601 | -23.5% |
| Fixed assets | 21/28 | €177,051 | €144,793 | -€32,258 | -18.2% |
| Intangible fixed assets | 21 | €148,859 | €118,859 | -€30,000 | -20.2% |
| Tangible fixed assets | 22/27 | €28,192 | €25,934 | -€2,258 | -8.0% |
| Plant, machinery and equipment | 23 | - | €1,527 | +€1,527 | |
| Furniture and vehicles | 24 | €387 | €1,368 | +€981 | +254% |
| Other tangible fixed assets | 26 | €27,805 | €23,039 | -€4,766 | -17.1% |
| Current assets | 29/58 | €72,795 | €46,452 | -€26,343 | -36.2% |
| Amounts receivable within one year | 40/41 | - | €175 | +€175 | |
| Other amounts receivable | 41 | - | €175 | +€175 | |
| Cash at bank and in hand | 54/58 | €71,264 | €39,745 | -€31,519 | -44.2% |
| Deferred charges and accrued income | 490/1 | €1,531 | €6,532 | +€5,001 | +327% |
| Total equity and liabilities | 10/49 | €249,845 | €191,245 | -€58,601 | -23.5% |
| Equity | 10/15 | €100 | €100 | = | 0.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Amounts payable | 17/49 | €249,745 | €191,145 | -€58,601 | -23.5% |
| Amounts payable after more than one year | 17 | €80,039 | €36,512 | -€43,527 | -54.4% |
| Financial debts | 170/4 | €80,039 | €36,512 | -€43,527 | -54.4% |
| Amounts payable within one year | 42/48 | €169,488 | €154,440 | -€15,047 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €53,850 | €43,527 | -€10,323 | -19.2% |
| Trade debts | 44 | €896 | €4,135 | +€3,239 | +361% |
| Suppliers | 440/4 | €896 | €4,135 | +€3,239 | +361% |
| Taxes, remuneration and social security | 45 | €8,963 | €7,088 | -€1,875 | -20.9% |
| Taxes | 450/3 | €8,963 | €7,088 | -€1,875 | -20.9% |
| Other amounts payable | 47/48 | €105,778 | €99,690 | -€6,088 | -5.8% |
| Accrued charges and deferred income | 492/3 | €219 | €192 | -€27 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,358 | €35,506 | -€1,851 | -5.0% |
| Other operating charges | 640/8 | €1,779 | €1,712 | -€66 | -3.7% |
| Gross operating margin | 9900 | €177,407 | €162,002 | -€15,405 | -8.7% |
| Operating profit (loss) | 9901 | €138,270 | €124,783 | -€13,487 | -9.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,360 | €998 | -€362 | -26.6% |
| Recurring financial charges | 65 | €1,360 | €998 | -€362 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €136,910 | €123,785 | -€13,125 | -9.6% |
| Income taxes | 67/77 | €32,088 | €28,825 | -€3,263 | -10.2% |
| Profit (loss) for the period | 9904 | €104,822 | €94,960 | -€9,862 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €104,822 | €94,960 | -€9,862 | -9.4% |
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 25 October 2026 via checked.be.