VDV Frame: 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 Frame
Largest movements
- Receivables within one year -€1,455
down €1,455 (-83.4%), from €1,743 to €289
- Cash -€1,110
down €1,110 (-44.8%), from €2,479 to €1,370
mainly Other debts (-€2,573) and Tax, wage and social debts (-€237)
- Other debts -€2,573
down €2,573 (-98.1%), from €2,623 to €50
- Trade debts +€301
new in 2025: €301
- Tax, wage and social debts -€237
down €237 (-43.6%), from €544 to €307
- Gross operating margin -€5,068
down €5,068 (-93.4%), from €5,426 to €358
- Turnover -€4,764
down €4,764 (-64.3%), from €7,407 to €2,643
- Purchases and services +€304
up €304 (+15.4%), from €1,981 to €2,285
- Other operating charges +€248
up €248 (+124.4%), from €199 to €447
- Financial income +€112
up €112 (+1122000.0%), from €0 to €112
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 | €4,223 | €1,686 | -€2,537 | -60.1% |
| Current assets | 29/58 | €4,223 | €1,686 | -€2,537 | -60.1% |
| Amounts receivable within one year | 40/41 | €1,743 | €289 | -€1,455 | -83.4% |
| Trade receivables | 40 | €1,743 | €289 | -€1,455 | -83.4% |
| Cash at bank and in hand | 54/58 | €2,479 | €1,370 | -€1,110 | -44.8% |
| Deferred charges and accrued income | 490/1 | - | €28 | +€28 | |
| Total equity and liabilities | 10/49 | €4,223 | €1,686 | -€2,537 | -60.1% |
| Equity | 10/15 | €890 | €861 | -€29 | -3.3% |
| Contributions | 10/11 | €14,900 | €14,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,010 | -€14,039 | -€29 | -0.2% |
| Amounts payable | 17/49 | €3,333 | €825 | -€2,508 | -75.2% |
| Amounts payable within one year | 42/48 | €3,267 | €758 | -€2,509 | -76.8% |
| Trade debts | 44 | - | €301 | +€301 | |
| Suppliers | 440/4 | - | €301 | +€301 | |
| Advances received on contracts in progress | 46 | €100 | €100 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €544 | €307 | -€237 | -43.6% |
| Taxes | 450/3 | €544 | €307 | -€237 | -43.6% |
| Other amounts payable | 47/48 | €2,623 | €50 | -€2,573 | -98.1% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Turnover | 70 | €7,407 | €2,643 | -€4,764 | -64.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,981 | €2,285 | +€304 | +15.4% |
| Other operating charges | 640/8 | €199 | €447 | +€248 | +124.4% |
| Gross operating margin | 9900 | €5,426 | €358 | -€5,068 | -93.4% |
| Operating profit (loss) | 9901 | €5,227 | -€89 | -€5,316 | |
| Financial income | 75/76B | €0 | €112 | +€112 | +1122000.0% |
| Recurring financial income | 75 | €0 | €112 | +€112 | +1122000.0% |
| Financial charges | 65/66B | €63 | €53 | -€10 | -16.3% |
| Recurring financial charges | 65 | €63 | €53 | -€10 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €5,164 | -€29 | -€5,193 | |
| Profit (loss) for the period | 9904 | €5,164 | -€29 | -€5,193 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,164 | -€29 | -€5,193 |
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.