VDVD: 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.
VDVD
Largest movements
- Receivables within one year +€43,987
up €43,987 (+31.3%), from €140,705 to €184,692
of which Other amounts receivable: +€50,000
- Tangible fixed assets +€15,849
up €15,849 (+983.2%), from €1,612 to €17,461
of which Furniture and vehicles: +€17,461
- Reserves +€42,113
up €42,113 (+7.0%), from €605,700 to €647,813
of which Distributable reserves: +€42,113
- Trade debts +€10,160
up €10,160 (+78153.8%), from €13 to €10,173
- Staff costs -€70,316
no longer reported in 2025 (was €70,316)
- Gross operating margin -€63,326
down €63,326 (-79.8%), from €79,393 to €16,067
- Depreciation +€10,841
up €10,841 (+449.5%), from €2,412 to €13,253
- Taxes -€3,930
down €3,930 (-47.5%), from €8,272 to €4,342
- Other operating charges +€3,322
up €3,322 (+165.4%), from €2,008 to €5,330
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 | €690,935 | €757,553 | +€66,618 | +9.6% |
| Fixed assets | 21/28 | €548,612 | €564,461 | +€15,849 | +2.9% |
| Tangible fixed assets | 22/27 | €1,612 | €17,461 | +€15,849 | +983.2% |
| Plant, machinery and equipment | 23 | €1,612 | €0 | -€1,612 | -100.0% |
| Furniture and vehicles | 24 | - | €17,461 | +€17,461 | |
| Financial fixed assets | 28 | €547,000 | €547,000 | = | 0.0% |
| Current assets | 29/58 | €142,323 | €193,092 | +€50,769 | +35.7% |
| Amounts receivable within one year | 40/41 | €140,705 | €184,692 | +€43,987 | +31.3% |
| Trade receivables | 40 | €85,705 | €79,692 | -€6,013 | -7.0% |
| Other amounts receivable | 41 | €55,000 | €105,000 | +€50,000 | +90.9% |
| Cash at bank and in hand | 54/58 | €1,618 | €8,400 | +€6,782 | +419.2% |
| Total equity and liabilities | 10/49 | €690,935 | €757,553 | +€66,618 | +9.6% |
| Equity | 10/15 | €655,700 | €697,813 | +€42,113 | +6.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €605,700 | €647,813 | +€42,113 | +7.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €600,700 | €642,813 | +€42,113 | +7.0% |
| Amounts payable | 17/49 | €35,235 | €59,740 | +€24,505 | +69.5% |
| Amounts payable after more than one year | 17 | €1,500 | €1,500 | = | 0.0% |
| Financial debts | 170/4 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €33,735 | €58,240 | +€24,505 | +72.6% |
| Current portion of amounts payable after more than one year | 42 | €18,000 | €21,162 | +€3,162 | +17.6% |
| Trade debts | 44 | €13 | €10,173 | +€10,160 | +78153.8% |
| Suppliers | 440/4 | €13 | €10,173 | +€10,160 | +78153.8% |
| Taxes, remuneration and social security | 45 | €10,768 | €14,531 | +€3,763 | +34.9% |
| Taxes | 450/3 | €10,768 | €14,531 | +€3,763 | +34.9% |
| Other amounts payable | 47/48 | €4,954 | €12,374 | +€7,420 | +149.8% |
| Remuneration, social security and pensions | 62 | €70,316 | - | -€70,316 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,412 | €13,253 | +€10,841 | +449.5% |
| Other operating charges | 640/8 | €2,008 | €5,330 | +€3,322 | +165.4% |
| Gross operating margin | 9900 | €79,393 | €16,067 | -€63,326 | -79.8% |
| Operating profit (loss) | 9901 | €4,657 | -€2,516 | -€7,173 | |
| Financial income | 75/76B | €50,000 | €50,000 | = | 0.0% |
| Recurring financial income | 75 | €50,000 | €50,000 | = | 0.0% |
| Financial charges | 65/66B | €605 | €1,029 | +€424 | +70.1% |
| Recurring financial charges | 65 | €605 | €1,029 | +€424 | +70.1% |
| Profit (loss) for the period before taxes | 9903 | €54,052 | €46,455 | -€7,597 | -14.1% |
| Income taxes | 67/77 | €8,272 | €4,342 | -€3,930 | -47.5% |
| Profit (loss) for the period | 9904 | €45,780 | €42,113 | -€3,667 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,780 | €42,113 | -€3,667 | -8.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.