VDPS: 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.
VDPS
Largest movements
- Current investments +€100,672
new in 2025: €100,672
- Cash -€43,409
down €43,409 (-53.4%), from €81,302 to €37,893
mainly Contributions, distributions and other (-€104,315) and Current investments (-€100,672)
- Tangible fixed assets -€29,793
down €29,793 (-47.2%), from €63,158 to €33,364
of which Furniture and vehicles: -€19,787
- Receivables within one year +€3,110
new in 2025: €3,110
of which Trade receivables: +€2,612
- Other debts +€89,291
up €89,291 (+1614.5%), from €5,531 to €94,822
- Profit (loss) carried forward -€59,271
down €59,271 (-33.5%), from €176,918 to €117,647
- Gross operating margin -€7,675
down €7,675 (-8.1%), from €94,597 to €86,921
- Depreciation -€3,126
down €3,126 (-9.5%), from €32,920 to €29,793
- Financial income +€960
up €960 (+231.5%), from €415 to €1,375
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 | €198,543 | €229,717 | +€31,174 | +15.7% |
| Fixed assets | 21/28 | €88,158 | €58,365 | -€29,793 | -33.8% |
| Tangible fixed assets | 22/27 | €63,158 | €33,364 | -€29,793 | -47.2% |
| Land and buildings | 22 | €25,318 | €15,312 | -€10,006 | -39.5% |
| Furniture and vehicles | 24 | €37,840 | €18,053 | -€19,787 | -52.3% |
| Financial fixed assets | 28 | €25,001 | €25,001 | = | 0.0% |
| Current assets | 29/58 | €110,385 | €171,352 | +€60,967 | +55.2% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €3,110 | +€3,110 | |
| Trade receivables | 40 | - | €2,612 | +€2,612 | |
| Other amounts receivable | 41 | - | €497 | +€497 | |
| Current investments | 50/53 | - | €100,672 | +€100,672 | |
| Cash at bank and in hand | 54/58 | €81,302 | €37,893 | -€43,409 | -53.4% |
| Deferred charges and accrued income | 490/1 | €4,083 | €4,677 | +€594 | +14.5% |
| Total equity and liabilities | 10/49 | €198,543 | €229,717 | +€31,174 | +15.7% |
| Equity | 10/15 | €177,918 | €118,647 | -€59,271 | -33.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €176,918 | €117,647 | -€59,271 | -33.5% |
| Amounts payable | 17/49 | €20,625 | €111,070 | +€90,445 | +438.5% |
| Amounts payable within one year | 42/48 | €20,625 | €111,070 | +€90,445 | +438.5% |
| Trade debts | 44 | €488 | €500 | +€13 | +2.6% |
| Suppliers | 440/4 | €488 | €500 | +€13 | +2.6% |
| Taxes, remuneration and social security | 45 | €14,607 | €15,748 | +€1,141 | +7.8% |
| Taxes | 450/3 | €14,607 | €15,748 | +€1,141 | +7.8% |
| Other amounts payable | 47/48 | €5,531 | €94,822 | +€89,291 | +1614.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,920 | €29,793 | -€3,126 | -9.5% |
| Other operating charges | 640/8 | €846 | €1,400 | +€555 | +65.6% |
| Gross operating margin | 9900 | €94,597 | €86,921 | -€7,675 | -8.1% |
| Operating profit (loss) | 9901 | €60,832 | €55,728 | -€5,104 | -8.4% |
| Financial income | 75/76B | €415 | €1,375 | +€960 | +231.5% |
| Recurring financial income | 75 | €415 | €1,375 | +€960 | +231.5% |
| Financial charges | 65/66B | €208 | €171 | -€37 | -17.6% |
| Recurring financial charges | 65 | €208 | €171 | -€37 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €61,039 | €56,932 | -€4,107 | -6.7% |
| Income taxes | 67/77 | €12,606 | €11,889 | -€717 | -5.7% |
| Profit (loss) for the period | 9904 | €48,433 | €45,043 | -€3,389 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,433 | €45,043 | -€3,389 | -7.0% |
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 6 October 2026 via checked.be.