VDTL: 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.
VDTL
Largest movements
- Receivables within one year -€12,198
down €12,198 (-86.1%), from €14,163 to €1,965
- Cash -€10,038
down €10,038 (-82.7%), from €12,135 to €2,098
mainly Net result for the year (-€14,737) and Investment in fixed assets (net) (-€3,929)
- Tangible fixed assets +€3,178
up €3,178 (+171.0%), from €1,858 to €5,037
of which Furniture and vehicles: +€3,427
- Profit (loss) carried forward -€14,737
down €14,737 (-104.2%), from -€14,144 to -€28,881
- Tax, wage and social debts -€3,752
down €3,752 (-31.0%), from €12,108 to €8,356
- Trade debts -€568
no longer reported in 2025 (was €568)
- Gross operating margin -€4,862
down €4,862 (-67.1%), from -€7,250 to -€12,112
- Taxes +€1,590
up €1,590, from -€1,472 to €118
- Financial charges +€973
up €973 (+466.7%), from €208 to €1,182
- Other operating charges +€188
up €188 (+48.4%), from €387 to €575
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 | €28,592 | €9,535 | -€19,057 | -66.7% |
| Fixed assets | 21/28 | €1,858 | €5,037 | +€3,178 | +171.0% |
| Tangible fixed assets | 22/27 | €1,858 | €5,037 | +€3,178 | +171.0% |
| Furniture and vehicles | 24 | €446 | €3,873 | +€3,427 | +768.3% |
| Other tangible fixed assets | 26 | €1,412 | €1,163 | -€249 | -17.6% |
| Current assets | 29/58 | €26,734 | €4,498 | -€22,236 | -83.2% |
| Amounts receivable within one year | 40/41 | €14,163 | €1,965 | -€12,198 | -86.1% |
| Trade receivables | 40 | €14,163 | €1,965 | -€12,198 | -86.1% |
| Cash at bank and in hand | 54/58 | €12,135 | €2,098 | -€10,038 | -82.7% |
| Deferred charges and accrued income | 490/1 | €435 | €435 | = | 0.0% |
| Total equity and liabilities | 10/49 | €28,592 | €9,535 | -€19,057 | -66.7% |
| Equity | 10/15 | €15,916 | €1,179 | -€14,737 | -92.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,860 | €23,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,144 | -€28,881 | -€14,737 | -104.2% |
| Amounts payable | 17/49 | €12,676 | €8,356 | -€4,320 | -34.1% |
| Amounts payable within one year | 42/48 | €12,676 | €8,356 | -€4,320 | -34.1% |
| Trade debts | 44 | €568 | - | -€568 | |
| Suppliers | 440/4 | €568 | - | -€568 | |
| Taxes, remuneration and social security | 45 | €12,108 | €8,356 | -€3,752 | -31.0% |
| Taxes | 450/3 | €12,108 | €8,356 | -€3,752 | -31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €729 | €751 | +€22 | +3.0% |
| Other operating charges | 640/8 | €387 | €575 | +€188 | +48.4% |
| Gross operating margin | 9900 | -€7,250 | -€12,112 | -€4,862 | -67.1% |
| Operating profit (loss) | 9901 | -€8,367 | -€13,438 | -€5,071 | -60.6% |
| Financial charges | 65/66B | €208 | €1,182 | +€973 | +466.7% |
| Recurring financial charges | 65 | €208 | €1,182 | +€973 | +466.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,575 | -€14,620 | -€6,044 | -70.5% |
| Income taxes | 67/77 | -€1,472 | €118 | +€1,590 | |
| Profit (loss) for the period | 9904 | -€7,103 | -€14,737 | -€7,634 | -107.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,103 | -€14,737 | -€7,634 | -107.5% |
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 12 October 2026 via checked.be.