VDWMEDSKIN: 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.
VDWMEDSKIN
Largest movements
- Cash +€62,629
up €62,629 (+25.7%), from €243,876 to €306,505
mainly Net result for the year (+€281,824) and Other debts (+€60,644)
- Intangible fixed assets -€25,000
down €25,000 (-20.2%), from €124,049 to €99,049
- Tangible fixed assets -€14,116
down €14,116 (-38.4%), from €36,772 to €22,656
of which Plant, machinery and equipment: -€8,116
- Receivables within one year -€7,282
no longer reported in 2025 (was €7,282)
- Other debts +€60,644
up €60,644 (+26.2%), from €231,879 to €292,523
- Debts after one year -€36,272
down €36,272 (-54.4%), from €66,699 to €30,427
- Current portion of long-term debt -€14,950
down €14,950 (-29.2%), from €51,222 to €36,272
- Tax, wage and social debts +€12,365
up €12,365 (+34.9%), from €35,395 to €47,759
- Gross operating margin +€70,409
up €70,409 (+20.5%), from €342,635 to €413,043
- Taxes +€19,559
up €19,559 (+28.5%), from €68,719 to €88,277
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 | €416,525 | €434,591 | +€18,065 | +4.3% |
| Fixed assets | 21/28 | €160,821 | €121,705 | -€39,116 | -24.3% |
| Intangible fixed assets | 21 | €124,049 | €99,049 | -€25,000 | -20.2% |
| Tangible fixed assets | 22/27 | €36,772 | €22,656 | -€14,116 | -38.4% |
| Plant, machinery and equipment | 23 | €12,285 | €4,169 | -€8,116 | -66.1% |
| Furniture and vehicles | 24 | €3,731 | €1,914 | -€1,817 | -48.7% |
| Other tangible fixed assets | 26 | €20,756 | €16,573 | -€4,183 | -20.2% |
| Current assets | 29/58 | €255,704 | €312,886 | +€57,181 | +22.4% |
| Amounts receivable within one year | 40/41 | €7,282 | - | -€7,282 | |
| Other amounts receivable | 41 | €7,282 | - | -€7,282 | |
| Cash at bank and in hand | 54/58 | €243,876 | €306,505 | +€62,629 | +25.7% |
| Deferred charges and accrued income | 490/1 | €4,547 | €6,381 | +€1,834 | +40.3% |
| Total equity and liabilities | 10/49 | €416,525 | €434,591 | +€18,065 | +4.3% |
| Equity | 10/15 | €100 | €100 | = | 0.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Amounts payable | 17/49 | €416,425 | €434,491 | +€18,065 | +4.3% |
| Amounts payable after more than one year | 17 | €66,699 | €30,427 | -€36,272 | -54.4% |
| Financial debts | 170/4 | €66,699 | €30,427 | -€36,272 | -54.4% |
| Amounts payable within one year | 42/48 | €349,726 | €404,064 | +€54,338 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €51,222 | €36,272 | -€14,950 | -29.2% |
| Trade debts | 44 | €31,230 | €27,509 | -€3,721 | -11.9% |
| Suppliers | 440/4 | €31,230 | €27,509 | -€3,721 | -11.9% |
| Taxes, remuneration and social security | 45 | €35,395 | €47,759 | +€12,365 | +34.9% |
| Taxes | 450/3 | €35,395 | €47,759 | +€12,365 | +34.9% |
| Other amounts payable | 47/48 | €231,879 | €292,523 | +€60,644 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,127 | €39,116 | -€3,012 | -7.1% |
| Other operating charges | 640/8 | €5,177 | €1,840 | -€3,337 | -64.5% |
| Gross operating margin | 9900 | €342,635 | €413,043 | +€70,409 | +20.5% |
| Operating profit (loss) | 9901 | €295,330 | €372,087 | +€76,757 | +26.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,893 | €1,986 | -€907 | -31.4% |
| Recurring financial charges | 65 | €2,893 | €1,986 | -€907 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €292,437 | €370,101 | +€77,664 | +26.6% |
| Income taxes | 67/77 | €68,719 | €88,277 | +€19,559 | +28.5% |
| Profit (loss) for the period | 9904 | €223,719 | €281,824 | +€58,105 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €223,719 | €281,824 | +€58,105 | +26.0% |
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 23 October 2026 via checked.be.