VDVK: 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.
VDVK
Largest movements
- Cash +€42,679
up €42,679 (+710%), from €6,011 to €48,689
mainly Net result for the year (+€39,188) and Tax, wage and social debts (+€22,747)
- Receivables within one year -€17,356
down €17,356 (-69.1%), from €25,102 to €7,746
of which Other amounts receivable: -€17,356
- Receivables after one year -€15,000
no longer reported in 2025 (was €15,000)
- Tax, wage and social debts +€22,747
up €22,747 (+1,473%), from €1,544 to €24,291
- Reserves -€17,312
down €17,312 (-49.3%), from €35,101 to €17,789
- Other debts +€4,501
up €4,501 (+72.8%), from €6,186 to €10,687
- Accrued charges and deferred income +€833
new in 2025: €833
- Trade debts -€708
no longer reported in 2025 (was €708)
- Gross operating margin +€26,791
up €26,791 (+111%), from €24,111 to €50,902
- Taxes +€6,068
up €6,068 (+119%), from €5,081 to €11,150
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 | €46,539 | €56,599 | +€10,060 | +21.6% |
| Current assets | 29/58 | €46,539 | €56,599 | +€10,060 | +21.6% |
| Amounts receivable after more than one year | 29 | €15,000 | - | -€15,000 | |
| Other amounts receivable | 291 | €15,000 | - | -€15,000 | |
| Amounts receivable within one year | 40/41 | €25,102 | €7,746 | -€17,356 | -69.1% |
| Trade receivables | 40 | €7,744 | €7,744 | = | 0.0% |
| Other amounts receivable | 41 | €17,358 | €2 | -€17,356 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,011 | €48,689 | +€42,679 | +710% |
| Deferred charges and accrued income | 490/1 | €426 | €164 | -€263 | -61.6% |
| Total equity and liabilities | 10/49 | €46,539 | €56,599 | +€10,060 | +21.6% |
| Equity | 10/15 | €38,101 | €20,789 | -€17,312 | -45.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €35,101 | €17,789 | -€17,312 | -49.3% |
| Distributable reserves | 133 | €35,101 | €17,789 | -€17,312 | -49.3% |
| Amounts payable | 17/49 | €8,438 | €35,810 | +€27,372 | +324% |
| Amounts payable within one year | 42/48 | €8,438 | €34,978 | +€26,539 | +315% |
| Trade debts | 44 | €708 | - | -€708 | |
| Suppliers | 440/4 | €708 | - | -€708 | |
| Taxes, remuneration and social security | 45 | €1,544 | €24,291 | +€22,747 | +1,473% |
| Taxes | 450/3 | €1,544 | €24,291 | +€22,747 | +1,473% |
| Other amounts payable | 47/48 | €6,186 | €10,687 | +€4,501 | +72.8% |
| Accrued charges and deferred income | 492/3 | - | €833 | +€833 | |
| Other operating charges | 640/8 | €565 | €387 | -€178 | -31.5% |
| Gross operating margin | 9900 | €24,111 | €50,902 | +€26,791 | +111% |
| Operating profit (loss) | 9901 | €23,546 | €50,515 | +€26,969 | +115% |
| Financial charges | 65/66B | €39 | €177 | +€138 | +353% |
| Recurring financial charges | 65 | €39 | €177 | +€138 | +353% |
| Profit (loss) for the period before taxes | 9903 | €23,507 | €50,338 | +€26,831 | +114% |
| Income taxes | 67/77 | €5,081 | €11,150 | +€6,068 | +119% |
| Profit (loss) for the period | 9904 | €18,425 | €39,188 | +€20,763 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €18,425 | €39,188 | +€20,763 | +113% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.