VDSD INVEST: what changed
VDSD INVEST
Largest movements
- Tangible fixed assets -€11,875
down €11,875 (-24.1%), from €49,375 to €37,500
- Cash -€5,344
down €5,344 (-63.0%), from €8,484 to €3,140
mainly Other debts (-€11,000) and Net result for the year (-€6,219)
- Other debts -€11,000
down €11,000 (-5.7%), from €193,399 to €182,399
- Profit (loss) carried forward -€6,219
down €6,219 (-4.0%), from -€154,140 to -€160,359
- Gross operating margin -€5,201
down €5,201 (-38.9%), from €13,356 to €8,154
- Other operating charges +€263
up €263 (+14.4%), from €1,825 to €2,088
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,859 | €40,640 | -€17,219 | -29.8% |
| Fixed assets | 21/28 | €49,375 | €37,500 | -€11,875 | -24.1% |
| Tangible fixed assets | 22/27 | €49,375 | €37,500 | -€11,875 | -24.1% |
| Land and buildings | 22 | €49,375 | €37,500 | -€11,875 | -24.1% |
| Current assets | 29/58 | €8,484 | €3,140 | -€5,344 | -63.0% |
| Cash at bank and in hand | 54/58 | €8,484 | €3,140 | -€5,344 | -63.0% |
| Total equity and liabilities | 10/49 | €57,859 | €40,640 | -€17,219 | -29.8% |
| Equity | 10/15 | -€135,540 | -€141,759 | -€6,219 | -4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€154,140 | -€160,359 | -€6,219 | -4.0% |
| Amounts payable | 17/49 | €193,399 | €182,399 | -€11,000 | -5.7% |
| Amounts payable within one year | 42/48 | €193,399 | €182,399 | -€11,000 | -5.7% |
| Other amounts payable | 47/48 | €193,399 | €182,399 | -€11,000 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,875 | €11,875 | = | 0.0% |
| Other operating charges | 640/8 | €1,825 | €2,088 | +€263 | +14.4% |
| Gross operating margin | 9900 | €13,356 | €8,154 | -€5,201 | -38.9% |
| Operating profit (loss) | 9901 | -€344 | -€5,809 | -€5,464 | -1,587% |
| Financial charges | 65/66B | €393 | €410 | +€17 | +4.4% |
| Recurring financial charges | 65 | €393 | €410 | +€17 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | -€737 | -€6,219 | -€5,482 | -744% |
| Profit (loss) for the period | 9904 | -€737 | -€6,219 | -€5,482 | -744% |
| Profit (loss) for the period to be appropriated | 9905 | -€737 | -€6,219 | -€5,482 | -744% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.