VDV-DECORLINE: 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-DECORLINE
Largest movements
- Stocks and contracts -€15,263
down €15,263 (-98.4%), from €15,513 to €250
of which Contracts in progress: -€15,263
- Receivables within one year +€10,795
up €10,795 (+264%), from €4,085 to €14,880
of which Trade receivables: +€7,321
- Cash -€7,426
down €7,426 (-10.2%), from €72,479 to €65,053
mainly Advances received (-€25,000) and Trade debts (-€19,793)
- Tangible fixed assets -€1,467
down €1,467 (-72.4%), from €2,025 to €558
- Advances received -€25,000
down €25,000 (-100%), from €25,000 to €0
- Trade debts -€19,793
down €19,793 (-81.5%), from €24,276 to €4,483
- Reserves +€16,721
up €16,721 (+28.3%), from €58,999 to €75,721
of which Distributable reserves: +€16,721
- Tax, wage and social debts +€11,255
up €11,255 (+1,166%), from €965 to €12,221
- Profit (loss) carried forward +€4,336
up €4,336 (+22.2%), from -€19,546 to -€15,210
- Taxes +€10,780
up €10,780 (+2,320%), from €465 to €11,244
- Gross operating margin +€7,611
up €7,611 (+26.7%), from €28,458 to €36,069
- Depreciation -€1,354
down €1,354 (-47.7%), from €2,841 to €1,487
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 | €96,324 | €83,414 | -€12,909 | -13.4% |
| Fixed assets | 21/28 | €2,285 | €798 | -€1,487 | -65.1% |
| Intangible fixed assets | 21 | €80 | €60 | -€20 | -25.0% |
| Tangible fixed assets | 22/27 | €2,025 | €558 | -€1,467 | -72.4% |
| Plant, machinery and equipment | 23 | €356 | €1 | -€355 | -99.7% |
| Furniture and vehicles | 24 | €549 | €100 | -€450 | -81.9% |
| Other tangible fixed assets | 26 | €1,120 | €457 | -€662 | -59.1% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €94,039 | €82,616 | -€11,422 | -12.1% |
| Stocks and contracts in progress | 3 | €15,513 | €250 | -€15,263 | -98.4% |
| Stocks | 30/36 | €250 | €250 | = | 0.0% |
| Contracts in progress | 37 | €15,263 | €0 | -€15,263 | -100% |
| Amounts receivable within one year | 40/41 | €4,085 | €14,880 | +€10,795 | +264% |
| Trade receivables | 40 | €350 | €7,671 | +€7,321 | +2,092% |
| Other amounts receivable | 41 | €3,735 | €7,209 | +€3,474 | +93.0% |
| Cash at bank and in hand | 54/58 | €72,479 | €65,053 | -€7,426 | -10.2% |
| Deferred charges and accrued income | 490/1 | €1,962 | €2,434 | +€472 | +24.0% |
| Total equity and liabilities | 10/49 | €96,324 | €83,414 | -€12,909 | -13.4% |
| Equity | 10/15 | €45,653 | €66,711 | +€21,057 | +46.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €58,999 | €75,721 | +€16,721 | +28.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,350 | €13,350 | = | 0.0% |
| Distributable reserves | 133 | €43,789 | €60,511 | +€16,721 | +38.2% |
| Profit (loss) carried forward | 14 | -€19,546 | -€15,210 | +€4,336 | +22.2% |
| Amounts payable | 17/49 | €50,670 | €16,704 | -€33,967 | -67.0% |
| Amounts payable within one year | 42/48 | €50,670 | €16,704 | -€33,967 | -67.0% |
| Trade debts | 44 | €24,276 | €4,483 | -€19,793 | -81.5% |
| Suppliers | 440/4 | €24,276 | €4,483 | -€19,793 | -81.5% |
| Advances received on contracts in progress | 46 | €25,000 | €0 | -€25,000 | -100% |
| Taxes, remuneration and social security | 45 | €965 | €12,221 | +€11,255 | +1,166% |
| Taxes | 450/3 | €965 | €12,221 | +€11,255 | +1,166% |
| Other amounts payable | 47/48 | €428 | - | -€428 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,841 | €1,487 | -€1,354 | -47.7% |
| Other operating charges | 640/8 | €2,578 | €2,315 | -€264 | -10.2% |
| Gross operating margin | 9900 | €28,458 | €36,069 | +€7,611 | +26.7% |
| Operating profit (loss) | 9901 | €23,039 | €32,267 | +€9,228 | +40.1% |
| Financial income | 75/76B | €345 | €178 | -€167 | -48.3% |
| Recurring financial income | 75 | €345 | €178 | -€167 | -48.3% |
| Financial charges | 65/66B | €197 | €145 | -€53 | -26.7% |
| Recurring financial charges | 65 | €197 | €145 | -€53 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €23,187 | €32,301 | +€9,115 | +39.3% |
| Income taxes | 67/77 | €465 | €11,244 | +€10,780 | +2,320% |
| Profit (loss) for the period | 9904 | €22,722 | €21,057 | -€1,665 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,722 | €21,057 | -€1,665 | -7.3% |
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 25 October 2026 via checked.be.