VDV BEHEER: what changed
VDV BEHEER
Largest movements
- Receivables within one year +€968
up €968, from €0 to €968
of which Other amounts receivable: +€726
- Tangible fixed assets -€240
down €240 (-1.9%), from €12,928 to €12,688
of which Land and buildings: -€233
- Cash +€157
up €157, from €0 to €157
mainly Other debts (+€16,677) and Tax, wage and social debts (+€341)
- Other debts +€16,677
up €16,677 (+4.5%), from €366,714 to €383,391
- Profit (loss) carried forward -€12,811
down €12,811 (-0.8%), from -€1.6m to -€1.6m
- Trade debts -€3,322
down €3,322 (-80.1%), from €4,146 to €824
- Tax, wage and social debts +€341
up €341 (+1,481%), from €23 to €364
- Financial charges -€1.6m
down €1.6m (-100.0%), from €1.6m to €225
of which Non-recurring financial charges: -€1.6m
- Gross operating margin -€30,478
down €30,478, from €19,249 to -€11,229
- Depreciation -€2,638
down €2,638 (-91.7%), from €2,878 to €240
- Financial income -€563
no longer reported in 2025 (was €563)
- Other operating charges +€542
up €542 (+94.2%), from €575 to €1,117
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 | €12,928 | €13,812 | +€885 | +6.8% |
| Fixed assets | 21/28 | €12,928 | €12,688 | -€240 | -1.9% |
| Tangible fixed assets | 22/27 | €12,928 | €12,688 | -€240 | -1.9% |
| Land and buildings | 22 | €6,053 | €5,820 | -€233 | -3.8% |
| Furniture and vehicles | 24 | €1,177 | €1,170 | -€7 | -0.6% |
| Other tangible fixed assets | 26 | €5,698 | €5,698 | = | 0.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €0 | €1,125 | +€1,125 | |
| Amounts receivable within one year | 40/41 | €0 | €968 | +€968 | |
| Trade receivables | 40 | - | €242 | +€242 | |
| Other amounts receivable | 41 | €0 | €726 | +€726 | |
| Cash at bank and in hand | 54/58 | €0 | €157 | +€157 | |
| Total equity and liabilities | 10/49 | €12,928 | €13,812 | +€885 | +6.8% |
| Equity | 10/15 | -€517,955 | -€530,766 | -€12,811 | -2.5% |
| Contributions | 10/11 | €598,600 | €598,600 | = | 0.0% |
| Reserves | 13 | €459,064 | €459,064 | = | 0.0% |
| Distributable reserves | 133 | €459,064 | €459,064 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,575,619 | -€1,588,429 | -€12,811 | -0.8% |
| Amounts payable | 17/49 | €530,883 | €544,578 | +€13,695 | +2.6% |
| Amounts payable after more than one year | 17 | €160,000 | €160,000 | = | 0.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €160,000 | €160,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €370,883 | €384,578 | +€13,695 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,146 | €824 | -€3,322 | -80.1% |
| Suppliers | 440/4 | €4,146 | €824 | -€3,322 | -80.1% |
| Taxes, remuneration and social security | 45 | €23 | €364 | +€341 | +1,481% |
| Taxes | 450/3 | €23 | €364 | +€341 | +1,481% |
| Other amounts payable | 47/48 | €366,714 | €383,391 | +€16,677 | +4.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,878 | €240 | -€2,638 | -91.7% |
| Other operating charges | 640/8 | €575 | €1,117 | +€542 | +94.2% |
| Gross operating margin | 9900 | €19,249 | -€11,229 | -€30,478 | |
| Operating profit (loss) | 9901 | €15,796 | -€12,586 | -€28,382 | |
| Financial income | 75/76B | €563 | - | -€563 | |
| Recurring financial income | 75 | €563 | - | -€563 | |
| Financial charges | 65/66B | €1,591,854 | €225 | -€1.6m | -100.0% |
| Recurring financial charges | 65 | €5,108 | €225 | -€4,884 | -95.6% |
| Non-recurring financial charges | 66B | €1,586,746 | - | -€1.6m | |
| Profit (loss) for the period before taxes | 9903 | -€1,575,495 | -€12,811 | +€1.6m | +99.2% |
| Income taxes | 67/77 | €124 | - | -€124 | |
| Profit (loss) for the period | 9904 | -€1,575,619 | -€12,811 | +€1.6m | +99.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,575,619 | -€12,811 | +€1.6m | +99.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.