VLD ACCOUNTING: 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.
VLD ACCOUNTING
Largest movements
- Receivables within one year -€18,641
down €18,641 (-25.1%), from €74,411 to €55,770
of which Other amounts receivable: -€24,760
- Cash -€15,766
down €15,766 (-78.1%), from €20,177 to €4,411
mainly Trade debts (-€21,947) and Other debts (-€16,000)
- Trade debts -€21,947
down €21,947 (-62.4%), from €35,161 to €13,214
of which Bills of exchange payable: -€23,107
- Other debts -€16,000
no longer reported in 2025 (was €16,000)
- Profit (loss) carried forward +€4,397
up €4,397 (+11.2%), from €39,293 to €43,690
- Tax, wage and social debts -€1,755
down €1,755 (-38.8%), from €4,522 to €2,767
- Turnover -€173,299
down €173,299 (-65.1%), from €266,204 to €92,905
- Purchases and services -€155,978
down €155,978 (-64.0%), from €243,727 to €87,749
- Gross operating margin -€13,775
down €13,775 (-63.2%), from €21,807 to €8,032
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 | €96,776 | €61,470 | -€35,305 | -36.5% |
| Fixed assets | 21/28 | €2,188 | €1,290 | -€898 | -41.0% |
| Tangible fixed assets | 22/27 | €2,188 | €1,290 | -€898 | -41.0% |
| Furniture and vehicles | 24 | €2,188 | €1,290 | -€898 | -41.0% |
| Current assets | 29/58 | €94,588 | €60,181 | -€34,407 | -36.4% |
| Amounts receivable within one year | 40/41 | €74,411 | €55,770 | -€18,641 | -25.1% |
| Trade receivables | 40 | €6,700 | €12,818 | +€6,118 | +91.3% |
| Other amounts receivable | 41 | €67,711 | €42,952 | -€24,760 | -36.6% |
| Cash at bank and in hand | 54/58 | €20,177 | €4,411 | -€15,766 | -78.1% |
| Total equity and liabilities | 10/49 | €96,776 | €61,470 | -€35,305 | -36.5% |
| Equity | 10/15 | €41,093 | €45,490 | +€4,397 | +10.7% |
| Contributions | 10/11 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,293 | €43,690 | +€4,397 | +11.2% |
| Amounts payable | 17/49 | €55,683 | €15,980 | -€39,702 | -71.3% |
| Amounts payable within one year | 42/48 | €55,683 | €15,980 | -€39,702 | -71.3% |
| Trade debts | 44 | €35,161 | €13,214 | -€21,947 | -62.4% |
| Suppliers | 440/4 | €12,054 | €13,214 | +€1,160 | +9.6% |
| Bills of exchange payable | 441 | €23,107 | - | -€23,107 | |
| Taxes, remuneration and social security | 45 | €4,522 | €2,767 | -€1,755 | -38.8% |
| Taxes | 450/3 | €4,522 | €2,767 | -€1,755 | -38.8% |
| Other amounts payable | 47/48 | €16,000 | - | -€16,000 | |
| Turnover | 70 | €266,204 | €92,905 | -€173,299 | -65.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €243,727 | €87,749 | -€155,978 | -64.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,412 | €898 | -€2,514 | -73.7% |
| Gross operating margin | 9900 | €21,807 | €8,032 | -€13,775 | -63.2% |
| Operating profit (loss) | 9901 | €18,395 | €7,134 | -€11,261 | -61.2% |
| Financial charges | 65/66B | €2,651 | €1,044 | -€1,607 | -60.6% |
| Recurring financial charges | 65 | €2,651 | €1,044 | -€1,607 | -60.6% |
| Profit (loss) for the period before taxes | 9903 | €15,744 | €6,090 | -€9,654 | -61.3% |
| Income taxes | 67/77 | - | €1,693 | +€1,693 | |
| Profit (loss) for the period | 9904 | €15,744 | €4,397 | -€11,347 | -72.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,744 | €4,397 | -€11,347 | -72.1% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.