VdVdG CONSULT: 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.
VdVdG CONSULT
Largest movements
- Cash +€87,970
up €87,970 (+28.8%), from €305,825 to €393,795
mainly Net result for the year (+€95,742) and Receivables within one year (+€18,639)
- Receivables within one year -€18,639
down €18,639 (-100%), from €18,639 to €0
of which Trade receivables: -€18,639
- Tangible fixed assets -€5,188
down €5,188 (-41.1%), from €12,624 to €7,436
- Reserves +€95,000
up €95,000 (+37.4%), from €254,000 to €349,000
- Tax, wage and social debts -€35,180
down €35,180 (-42.8%), from €82,194 to €47,014
- Gross operating margin -€37,220
down €37,220 (-20.7%), from €179,898 to €142,678
- Taxes -€11,011
down €11,011 (-21.4%), from €51,489 to €40,478
- Purchases and services +€5,387
up €5,387 (+28.5%), from €18,884 to €24,271
- Other operating charges -€2,868
down €2,868 (-73.9%), from €3,881 to €1,013
- Depreciation +€2,248
up €2,248 (+76.4%), from €2,941 to €5,188
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 | €340,920 | €403,073 | +€62,154 | +18.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €12,624 | €7,436 | -€5,188 | -41.1% |
| Tangible fixed assets | 22/27 | €12,624 | €7,436 | -€5,188 | -41.1% |
| Furniture and vehicles | 24 | €12,624 | €7,436 | -€5,188 | -41.1% |
| Current assets | 29/58 | €328,296 | €395,638 | +€67,342 | +20.5% |
| Amounts receivable after more than one year | 29 | €306 | - | -€306 | |
| Trade receivables | 290 | €306 | - | -€306 | |
| Amounts receivable within one year | 40/41 | €18,639 | €0 | -€18,639 | -100% |
| Trade receivables | 40 | €18,639 | €0 | -€18,639 | -100% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €305,825 | €393,795 | +€87,970 | +28.8% |
| Deferred charges and accrued income | 490/1 | €3,526 | €1,843 | -€1,684 | -47.7% |
| Total equity and liabilities | 10/49 | €340,920 | €403,073 | +€62,154 | +18.2% |
| Equity | 10/15 | €258,259 | €354,001 | +€95,742 | +37.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €254,000 | €349,000 | +€95,000 | +37.4% |
| Distributable reserves | 133 | €254,000 | €349,000 | +€95,000 | +37.4% |
| Profit (loss) carried forward | 14 | €1,759 | €2,501 | +€742 | +42.2% |
| Amounts payable | 17/49 | €82,661 | €49,073 | -€33,588 | -40.6% |
| Amounts payable within one year | 42/48 | €82,661 | €49,073 | -€33,588 | -40.6% |
| Trade debts | 44 | €0 | €1,057 | +€1,057 | |
| Suppliers | 440/4 | - | €1,057 | +€1,057 | |
| Taxes, remuneration and social security | 45 | €82,194 | €47,014 | -€35,180 | -42.8% |
| Taxes | 450/3 | €82,194 | €47,014 | -€35,180 | -42.8% |
| Other amounts payable | 47/48 | €467 | €1,002 | +€535 | +115% |
| Goods, raw materials, services and sundry goods | 60/61 | €18,884 | €24,271 | +€5,387 | +28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,941 | €5,188 | +€2,248 | +76.4% |
| Other operating charges | 640/8 | €3,881 | €1,013 | -€2,868 | -73.9% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €179,898 | €142,678 | -€37,220 | -20.7% |
| Operating profit (loss) | 9901 | €173,076 | €136,476 | -€36,600 | -21.1% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €82 | €267 | +€185 | +227% |
| Recurring financial charges | 65 | €82 | €267 | +€185 | +227% |
| Profit (loss) for the period before taxes | 9903 | €172,994 | €136,220 | -€36,775 | -21.3% |
| Income taxes | 67/77 | €51,489 | €40,478 | -€11,011 | -21.4% |
| Profit (loss) for the period | 9904 | €121,505 | €95,742 | -€25,764 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €121,505 | €95,742 | -€25,764 | -21.2% |
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 17 October 2026 via checked.be.