VDV Enterprise: 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 Enterprise
Largest movements
- Receivables within one year +€27,660
up €27,660 (+4,723%), from €586 to €28,246
of which Trade receivables: +€28,246
- Cash -€676
down €676 (-50.8%), from €1,331 to €655
mainly Receivables within one year (-€27,660)
- Trade debts +€15,583
up €15,583 (+570%), from €2,733 to €18,316
- Profit (loss) carried forward +€5,150
up €5,150, from -€3,783 to €1,367
- Tax, wage and social debts +€4,481
new in 2025: €4,481
- Other debts +€1,770
up €1,770 (+121%), from €1,466 to €3,236
- Gross operating margin +€10,707
up €10,707, from -€3,396 to €7,311
- Taxes +€1,760
new in 2025: €1,760
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 | €1,916 | €28,900 | +€26,984 | +1,408% |
| Current assets | 29/58 | €1,916 | €28,900 | +€26,984 | +1,408% |
| Amounts receivable within one year | 40/41 | €586 | €28,246 | +€27,660 | +4,723% |
| Trade receivables | 40 | - | €28,246 | +€28,246 | |
| Other amounts receivable | 41 | €586 | - | -€586 | |
| Cash at bank and in hand | 54/58 | €1,331 | €655 | -€676 | -50.8% |
| Total equity and liabilities | 10/49 | €1,916 | €28,900 | +€26,984 | +1,408% |
| Equity | 10/15 | -€2,283 | €2,867 | +€5,150 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,783 | €1,367 | +€5,150 | |
| Amounts payable | 17/49 | €4,200 | €26,033 | +€21,834 | +520% |
| Amounts payable within one year | 42/48 | €4,200 | €26,033 | +€21,834 | +520% |
| Trade debts | 44 | €2,733 | €18,316 | +€15,583 | +570% |
| Suppliers | 440/4 | €2,733 | €18,316 | +€15,583 | +570% |
| Taxes, remuneration and social security | 45 | - | €4,481 | +€4,481 | |
| Taxes | 450/3 | - | €4,481 | +€4,481 | |
| Other amounts payable | 47/48 | €1,466 | €3,236 | +€1,770 | +121% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€3,396 | €7,311 | +€10,707 | |
| Operating profit (loss) | 9901 | -€3,783 | €6,911 | +€10,694 | |
| Financial charges | 65/66B | - | €1 | +€1 | |
| Recurring financial charges | 65 | - | €1 | +€1 | |
| Profit (loss) for the period before taxes | 9903 | -€3,783 | €6,910 | +€10,693 | |
| Income taxes | 67/77 | - | €1,760 | +€1,760 | |
| Profit (loss) for the period | 9904 | -€3,783 | €5,150 | +€8,933 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,783 | €5,150 | +€8,933 |
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 14 October 2026 via checked.be.