VDVA: what changed
Two fiscal 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.
VDVA
Largest movements
- Receivables within one year +€80,557
up €80,557 (+199.9%), from €40,299 to €120,856
of which Other amounts receivable: +€49,151
- Cash +€17,797
up €17,797 (+51.6%), from €34,486 to €52,283
mainly Trade debts (+€69,948) and Net result for the year (+€58,992)
- Tangible fixed assets -€17,621
down €17,621 (-54.5%), from €32,306 to €14,685
- Trade debts +€69,948
up €69,948 (+615.3%), from €11,369 to €81,316
- Reserves +€56,000
up €56,000 (+69.0%), from €81,114 to €137,114
- Tax, wage and social debts -€38,822
down €38,822 (-56.9%), from €68,207 to €29,384
of which Taxes: -€34,230
- Debts after one year -€7,763
down €7,763 (-63.1%), from €12,305 to €4,542
- Gross operating margin +€55,373
up €55,373 (+52.3%), from €105,780 to €161,152
- Staff costs +€10,555
up €10,555 (+27.5%), from €38,426 to €48,981
- Other operating charges +€10,098
up €10,098 (+693.4%), from €1,456 to €11,554
- Taxes +€6,440
up €6,440 (+31.6%), from €20,355 to €26,796
- Financial income -€2,071
down €2,071 (-26.1%), from €7,938 to €5,867
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €248,427 | €330,893 | +€82,467 | +33.2% |
| Fixed assets | 21/28 | €35,643 | €17,774 | -€17,869 | -50.1% |
| Intangible fixed assets | 21 | €1,132 | €884 | -€248 | -21.9% |
| Tangible fixed assets | 22/27 | €32,306 | €14,685 | -€17,621 | -54.5% |
| Plant, machinery and equipment | 23 | €292 | €100 | -€193 | -65.9% |
| Furniture and vehicles | 24 | €9,696 | €897 | -€8,799 | -90.7% |
| Leasing and similar rights | 25 | €19,718 | €11,757 | -€7,961 | -40.4% |
| Other tangible fixed assets | 26 | €2,599 | €1,931 | -€668 | -25.7% |
| Financial fixed assets | 28 | €2,205 | €2,205 | = | 0.0% |
| Current assets | 29/58 | €212,784 | €313,119 | +€100,335 | +47.2% |
| Amounts receivable after more than one year | 29 | €135,000 | €135,000 | = | 0.0% |
| Other amounts receivable | 291 | €135,000 | €135,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,299 | €120,856 | +€80,557 | +199.9% |
| Trade receivables | 40 | €24,007 | €55,414 | +€31,406 | +130.8% |
| Other amounts receivable | 41 | €16,292 | €65,443 | +€49,151 | +301.7% |
| Cash at bank and in hand | 54/58 | €34,486 | €52,283 | +€17,797 | +51.6% |
| Deferred charges and accrued income | 490/1 | €2,999 | €4,980 | +€1,982 | +66.1% |
| Total equity and liabilities | 10/49 | €248,427 | €330,893 | +€82,467 | +33.2% |
| Equity | 10/15 | €148,895 | €207,888 | +€58,992 | +39.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €81,114 | €137,114 | +€56,000 | +69.0% |
| Distributable reserves | 133 | €81,114 | €137,114 | +€56,000 | +69.0% |
| Profit (loss) carried forward | 14 | €67,681 | €70,674 | +€2,992 | +4.4% |
| Amounts payable | 17/49 | €99,532 | €123,006 | +€23,474 | +23.6% |
| Amounts payable after more than one year | 17 | €12,305 | €4,542 | -€7,763 | -63.1% |
| Financial debts | 170/4 | €12,305 | €4,542 | -€7,763 | -63.1% |
| Amounts payable within one year | 42/48 | €87,227 | €118,464 | +€31,237 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €7,651 | €7,763 | +€112 | +1.5% |
| Trade debts | 44 | €11,369 | €81,316 | +€69,948 | +615.3% |
| Suppliers | 440/4 | €11,369 | €81,316 | +€69,948 | +615.3% |
| Taxes, remuneration and social security | 45 | €68,207 | €29,384 | -€38,822 | -56.9% |
| Taxes | 450/3 | €63,302 | €29,072 | -€34,230 | -54.1% |
| Remuneration and social security | 454/9 | €4,904 | €312 | -€4,592 | -93.6% |
| Remuneration, social security and pensions | 62 | €38,426 | €48,981 | +€10,555 | +27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,695 | €17,869 | -€1,826 | -9.3% |
| Other operating charges | 640/8 | €1,456 | €11,554 | +€10,098 | +693.4% |
| Gross operating margin | 9900 | €105,780 | €161,152 | +€55,373 | +52.3% |
| Operating profit (loss) | 9901 | €46,202 | €82,748 | +€36,546 | +79.1% |
| Financial income | 75/76B | €7,938 | €5,867 | -€2,071 | -26.1% |
| Recurring financial income | 75 | €7,938 | €5,867 | -€2,071 | -26.1% |
| Financial charges | 65/66B | €2,671 | €2,827 | +€156 | +5.8% |
| Recurring financial charges | 65 | €2,671 | €2,827 | +€156 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €51,469 | €85,788 | +€34,319 | +66.7% |
| Income taxes | 67/77 | €20,355 | €26,796 | +€6,440 | +31.6% |
| Profit (loss) for the period | 9904 | €31,114 | €58,992 | +€27,878 | +89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,114 | €58,992 | +€27,878 | +89.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.