VDVACCOUNTANTS: what changed
VDVACCOUNTANTS
Largest movements
- Current investments +€344,674
up €344,674 (+176%), from €195,646 to €540,320
- Receivables within one year +€313,315
up €313,315 (+20.2%), from €1.5m to €1.9m
of which Other amounts receivable: +€256,530
- Receivables after one year -€288,560
no longer reported in 2025 (was €288,560)
- Tangible fixed assets +€92,691
up €92,691 (+105%), from €87,978 to €180,669
of which Furniture and vehicles: +€80,155
- Trade debts +€564,995
up €564,995 (+232%), from €243,161 to €808,156
- Reserves -€223,748
down €223,748 (-10.0%), from €2.2m to €2.0m
- Other debts +€60,318
up €60,318 (+530%), from €11,388 to €71,706
- Tax, wage and social debts +€58,978
up €58,978 (+142%), from €41,418 to €100,396
of which Remuneration and social security: +€60,099
- Gross operating margin +€628,322
up €628,322 (+136%), from €462,683 to €1.1m
- Staff costs +€252,597
up €252,597 (+64.9%), from €388,925 to €641,522
- Financial income -€85,954
down €85,954 (-73.3%), from €117,252 to €31,298
- Taxes +€44,764
up €44,764 (+71.4%), from €62,694 to €107,458
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 | €2,541,147 | €3,001,690 | +€460,543 | +18.1% |
| Fixed assets | 21/28 | €87,978 | €180,669 | +€92,691 | +105% |
| Tangible fixed assets | 22/27 | €87,978 | €180,669 | +€92,691 | +105% |
| Land and buildings | 22 | €53,443 | €68,074 | +€14,631 | +27.4% |
| Plant, machinery and equipment | 23 | €8,920 | €6,826 | -€2,094 | -23.5% |
| Furniture and vehicles | 24 | €25,615 | €105,769 | +€80,155 | +313% |
| Current assets | 29/58 | €2,453,169 | €2,821,021 | +€367,852 | +15.0% |
| Amounts receivable after more than one year | 29 | €288,560 | - | -€288,560 | |
| Other amounts receivable | 291 | €288,560 | - | -€288,560 | |
| Amounts receivable within one year | 40/41 | €1,549,131 | €1,862,445 | +€313,315 | +20.2% |
| Trade receivables | 40 | €652,201 | €708,986 | +€56,785 | +8.7% |
| Other amounts receivable | 41 | €896,929 | €1,153,459 | +€256,530 | +28.6% |
| Current investments | 50/53 | €195,646 | €540,320 | +€344,674 | +176% |
| Cash at bank and in hand | 54/58 | €419,832 | €412,704 | -€7,129 | -1.7% |
| Deferred charges and accrued income | 490/1 | - | €5,552 | +€5,552 | |
| Total equity and liabilities | 10/49 | €2,541,147 | €3,001,690 | +€460,543 | +18.1% |
| Equity | 10/15 | €2,245,180 | €2,021,432 | -€223,748 | -10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,226,580 | €2,002,832 | -€223,748 | -10.0% |
| Distributable reserves | 133 | €2,226,580 | €2,002,832 | -€223,748 | -10.0% |
| Amounts payable | 17/49 | €295,967 | €980,258 | +€684,291 | +231% |
| Amounts payable within one year | 42/48 | €295,967 | €980,258 | +€684,291 | +231% |
| Trade debts | 44 | €243,161 | €808,156 | +€564,995 | +232% |
| Suppliers | 440/4 | €243,161 | €808,156 | +€564,995 | +232% |
| Taxes, remuneration and social security | 45 | €41,418 | €100,396 | +€58,978 | +142% |
| Taxes | 450/3 | €1,121 | - | -€1,121 | |
| Remuneration and social security | 454/9 | €40,297 | €100,396 | +€60,099 | +149% |
| Other amounts payable | 47/48 | €11,388 | €71,706 | +€60,318 | +530% |
| Remuneration, social security and pensions | 62 | €388,925 | €641,522 | +€252,597 | +64.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,350 | €28,714 | +€2,364 | +9.0% |
| Other operating charges | 640/8 | €3,396 | €3,854 | +€458 | +13.5% |
| Gross operating margin | 9900 | €462,683 | €1,091,005 | +€628,322 | +136% |
| Operating profit (loss) | 9901 | €44,012 | €416,916 | +€372,904 | +847% |
| Financial income | 75/76B | €117,252 | €31,298 | -€85,954 | -73.3% |
| Recurring financial income | 75 | €117,252 | €31,298 | -€85,954 | -73.3% |
| Financial charges | 65/66B | €1,416 | €7,435 | +€6,018 | +425% |
| Recurring financial charges | 65 | €1,416 | €7,435 | +€6,018 | +425% |
| Profit (loss) for the period before taxes | 9903 | €159,847 | €440,779 | +€280,932 | +176% |
| Income taxes | 67/77 | €62,694 | €107,458 | +€44,764 | +71.4% |
| Profit (loss) for the period | 9904 | €97,154 | €333,321 | +€236,167 | +243% |
| Transfer from tax-exempt reserves | 789 | €42,100 | - | -€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €139,254 | €333,321 | +€194,067 | +139% |
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 4 November 2026 via checked.be.