VDVMEDIA: 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.
VDVMEDIA
Largest movements
- Cash +€19,264
up €19,264 (+88.1%), from €21,865 to €41,129
mainly Net result for the year (+€62,362) and Other debts (+€34,468)
- Receivables within one year -€9,595
down €9,595 (-13.7%), from €69,968 to €60,374
of which Trade receivables: -€5,012
- Tangible fixed assets +€1,280
up €1,280 (+19.1%), from €6,684 to €7,964
of which Other tangible fixed assets: +€3,388
- Other debts +€34,468
up €34,468 (+79.5%), from €43,345 to €77,812
- Reserves -€9,488
no longer reported in 2025 (was €9,488)
- Tax, wage and social debts -€6,531
down €6,531 (-28.8%), from €22,692 to €16,161
of which Taxes: -€6,575
- Trade debts -€6,039
down €6,039 (-29.9%), from €20,192 to €14,153
- Taxes +€3,984
up €3,984 (+20.6%), from €19,351 to €23,335
- Gross operating margin -€3,074
down €3,074 (-3.2%), from €96,709 to €93,635
- Financial charges -€1,327
down €1,327 (-19.7%), from €6,720 to €5,393
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 | €99,939 | €111,921 | +€11,982 | +12.0% |
| Fixed assets | 21/28 | €6,684 | €7,964 | +€1,280 | +19.1% |
| Tangible fixed assets | 22/27 | €6,684 | €7,964 | +€1,280 | +19.1% |
| Plant, machinery and equipment | 23 | €1,864 | €1,414 | -€450 | -24.1% |
| Furniture and vehicles | 24 | €4,820 | €3,162 | -€1,658 | -34.4% |
| Other tangible fixed assets | 26 | - | €3,388 | +€3,388 | |
| Current assets | 29/58 | €93,255 | €103,957 | +€10,702 | +11.5% |
| Amounts receivable within one year | 40/41 | €69,968 | €60,374 | -€9,595 | -13.7% |
| Trade receivables | 40 | €64,130 | €59,118 | -€5,012 | -7.8% |
| Other amounts receivable | 41 | €5,838 | €1,256 | -€4,582 | -78.5% |
| Cash at bank and in hand | 54/58 | €21,865 | €41,129 | +€19,264 | +88.1% |
| Deferred charges and accrued income | 490/1 | €1,422 | €2,454 | +€1,032 | +72.6% |
| Total equity and liabilities | 10/49 | €99,939 | €111,921 | +€11,982 | +12.0% |
| Equity | 10/15 | €11,488 | €2,000 | -€9,488 | -82.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €9,488 | - | -€9,488 | |
| Distributable reserves | 133 | €9,488 | - | -€9,488 | |
| Amounts payable | 17/49 | €88,451 | €109,921 | +€21,470 | +24.3% |
| Amounts payable within one year | 42/48 | €88,346 | €109,816 | +€21,470 | +24.3% |
| Financial debts | 43 | €2,116 | €1,689 | -€427 | -20.2% |
| Credit institutions | 430/8 | €2,116 | €1,689 | -€427 | -20.2% |
| Trade debts | 44 | €20,192 | €14,153 | -€6,039 | -29.9% |
| Suppliers | 440/4 | €20,192 | €14,153 | -€6,039 | -29.9% |
| Taxes, remuneration and social security | 45 | €22,692 | €16,161 | -€6,531 | -28.8% |
| Taxes | 450/3 | €20,386 | €13,811 | -€6,575 | -32.3% |
| Remuneration and social security | 454/9 | €2,306 | €2,350 | +€44 | +1.9% |
| Other amounts payable | 47/48 | €43,345 | €77,812 | +€34,468 | +79.5% |
| Accrued charges and deferred income | 492/3 | €105 | €105 | = | 0.0% |
| Non-recurring operating income | 76A | - | €805 | +€805 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,179 | €2,222 | +€43 | +2.0% |
| Other operating charges | 640/8 | €1,414 | €615 | -€799 | -56.5% |
| Gross operating margin | 9900 | €96,709 | €93,635 | -€3,074 | -3.2% |
| Operating profit (loss) | 9901 | €93,115 | €90,798 | -€2,317 | -2.5% |
| Financial income | 75/76B | €435 | €293 | -€143 | -32.8% |
| Recurring financial income | 75 | €435 | €293 | -€143 | -32.8% |
| Financial charges | 65/66B | €6,720 | €5,393 | -€1,327 | -19.7% |
| Recurring financial charges | 65 | €6,720 | €5,393 | -€1,327 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €86,831 | €85,697 | -€1,133 | -1.3% |
| Income taxes | 67/77 | €19,351 | €23,335 | +€3,984 | +20.6% |
| Profit (loss) for the period | 9904 | €67,480 | €62,362 | -€5,117 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,480 | €62,362 | -€5,117 | -7.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.