VDV B: 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.
VDV B
Largest movements
- Cash +€43,616
up €43,616 (+124%), from €35,313 to €78,929
mainly Other debts (+€72,129) and Net result for the year (+€40,875)
- Stocks and contracts +€10,988
up €10,988, from €0 to €10,988
- Tangible fixed assets +€9,721
up €9,721 (+21.6%), from €45,014 to €54,735
of which Plant, machinery and equipment: +€9,243
- Receivables within one year +€8,062
up €8,062 (+76.2%), from €10,584 to €18,646
of which Trade receivables: +€12,005
- Deferred charges and accrued income -€3,288
down €3,288 (-60.4%), from €5,443 to €2,155
- Other debts +€72,129
up €72,129 (+29,894%), from €241 to €72,370
- Profit (loss) carried forward -€31,495
down €31,495 (-100%), from €31,495 to €0
- Trade debts +€13,122
up €13,122 (+201%), from €6,535 to €19,657
- Debts after one year +€9,206
up €9,206 (+29.1%), from €31,668 to €40,874
- Tax, wage and social debts +€7,070
up €7,070 (+1,014%), from €697 to €7,768
of which Taxes: +€7,768
- Gross operating margin +€34,467
up €34,467 (+82.3%), from €41,861 to €76,328
- Taxes +€9,309
up €9,309 (+468%), from €1,988 to €11,296
- Staff costs -€7,635
down €7,635 (-81.6%), from €9,362 to €1,727
- Other operating charges -€7,277
down €7,277 (-85.1%), from €8,553 to €1,276
- Depreciation +€6,438
up €6,438 (+54.1%), from €11,905 to €18,344
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 | €96,654 | €165,753 | +€69,099 | +71.5% |
| Fixed assets | 21/28 | €45,314 | €55,035 | +€9,721 | +21.5% |
| Tangible fixed assets | 22/27 | €45,014 | €54,735 | +€9,721 | +21.6% |
| Plant, machinery and equipment | 23 | €19,649 | €28,892 | +€9,243 | +47.0% |
| Furniture and vehicles | 24 | €25,365 | €25,842 | +€477 | +1.9% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €51,340 | €110,718 | +€59,378 | +116% |
| Stocks and contracts in progress | 3 | €0 | €10,988 | +€10,988 | |
| Stocks | 30/36 | €0 | €10,988 | +€10,988 | |
| Amounts receivable within one year | 40/41 | €10,584 | €18,646 | +€8,062 | +76.2% |
| Trade receivables | 40 | €6,641 | €18,646 | +€12,005 | +181% |
| Other amounts receivable | 41 | €3,943 | €0 | -€3,943 | -100% |
| Cash at bank and in hand | 54/58 | €35,313 | €78,929 | +€43,616 | +124% |
| Deferred charges and accrued income | 490/1 | €5,443 | €2,155 | -€3,288 | -60.4% |
| Total equity and liabilities | 10/49 | €96,654 | €165,753 | +€69,099 | +71.5% |
| Equity | 10/15 | €43,995 | €12,500 | -€31,495 | -71.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,495 | €0 | -€31,495 | -100% |
| Amounts payable | 17/49 | €52,659 | €153,253 | +€100,594 | +191% |
| Amounts payable after more than one year | 17 | €31,668 | €40,874 | +€9,206 | +29.1% |
| Financial debts | 170/4 | €31,668 | €40,874 | +€9,206 | +29.1% |
| Amounts payable within one year | 42/48 | €18,899 | €108,605 | +€89,705 | +475% |
| Current portion of amounts payable after more than one year | 42 | €11,426 | €8,810 | -€2,616 | -22.9% |
| Trade debts | 44 | €6,535 | €19,657 | +€13,122 | +201% |
| Suppliers | 440/4 | €6,535 | €19,657 | +€13,122 | +201% |
| Taxes, remuneration and social security | 45 | €697 | €7,768 | +€7,070 | +1,014% |
| Taxes | 450/3 | €0 | €7,768 | +€7,768 | |
| Remuneration and social security | 454/9 | €697 | €0 | -€697 | -100% |
| Other amounts payable | 47/48 | €241 | €72,370 | +€72,129 | +29,894% |
| Accrued charges and deferred income | 492/3 | €2,091 | €3,774 | +€1,683 | +80.5% |
| Remuneration, social security and pensions | 62 | €9,362 | €1,727 | -€7,635 | -81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,905 | €18,344 | +€6,438 | +54.1% |
| Other operating charges | 640/8 | €8,553 | €1,276 | -€7,277 | -85.1% |
| Gross operating margin | 9900 | €41,861 | €76,328 | +€34,467 | +82.3% |
| Operating profit (loss) | 9901 | €12,042 | €54,982 | +€42,940 | +357% |
| Financial income | 75/76B | €85 | €3 | -€82 | -96.4% |
| Recurring financial income | 75 | €85 | €3 | -€82 | -96.4% |
| Financial charges | 65/66B | €2,811 | €2,813 | +€2 | +0.1% |
| Recurring financial charges | 65 | €2,811 | €2,813 | +€2 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €9,315 | €52,171 | +€42,856 | +460% |
| Income taxes | 67/77 | €1,988 | €11,296 | +€9,309 | +468% |
| Profit (loss) for the period | 9904 | €7,328 | €40,875 | +€33,547 | +458% |
| Profit (loss) for the period to be appropriated | 9905 | €7,328 | €40,875 | +€33,547 | +458% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.