VLDAP: 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.
VLDAP
Largest movements
- Cash +€48,127
up €48,127 (+75.1%), from €64,122 to €112,249
mainly Net result for the year (+€103,498) and Tax, wage and social debts (+€6,818)
- Receivables within one year +€13,201
up €13,201 (+47.8%), from €27,646 to €40,847
of which Trade receivables: +€9,497
- Tangible fixed assets -€1,647
down €1,647 (-29.3%), from €5,619 to €3,972
- Profit (loss) carried forward +€55,998
up €55,998 (+144.5%), from €38,756 to €94,755
- Tax, wage and social debts +€6,818
up €6,818 (+140.1%), from €4,866 to €11,684
of which Taxes: +€11,684
- Short-term financial debts -€2,092
down €2,092 (-100.0%), from €2,092 to €0
- Other debts -€2,042
down €2,042 (-100.0%), from €2,042 to €0
- Trade debts +€1,638
up €1,638 (+152.3%), from €1,076 to €2,714
- Gross operating margin -€9,972
down €9,972 (-6.9%), from €143,519 to €133,548
- Taxes -€5,859
down €5,859 (-17.0%), from €34,483 to €28,624
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 | €97,832 | €158,152 | +€60,321 | +61.7% |
| Fixed assets | 21/28 | €5,619 | €3,972 | -€1,647 | -29.3% |
| Tangible fixed assets | 22/27 | €5,619 | €3,972 | -€1,647 | -29.3% |
| Furniture and vehicles | 24 | €5,619 | €3,972 | -€1,647 | -29.3% |
| Current assets | 29/58 | €92,213 | €154,180 | +€61,967 | +67.2% |
| Amounts receivable within one year | 40/41 | €27,646 | €40,847 | +€13,201 | +47.8% |
| Trade receivables | 40 | €27,129 | €36,626 | +€9,497 | +35.0% |
| Other amounts receivable | 41 | €517 | €4,222 | +€3,705 | +716.4% |
| Cash at bank and in hand | 54/58 | €64,122 | €112,249 | +€48,127 | +75.1% |
| Deferred charges and accrued income | 490/1 | €445 | €1,084 | +€639 | +143.6% |
| Total equity and liabilities | 10/49 | €97,832 | €158,152 | +€60,321 | +61.7% |
| Equity | 10/15 | €87,756 | €143,755 | +€55,998 | +63.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €46,500 | €46,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €46,500 | €46,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,756 | €94,755 | +€55,998 | +144.5% |
| Amounts payable | 17/49 | €10,076 | €14,398 | +€4,322 | +42.9% |
| Amounts payable within one year | 42/48 | €10,076 | €14,398 | +€4,322 | +42.9% |
| Financial debts | 43 | €2,092 | €0 | -€2,092 | -100.0% |
| Credit institutions | 430/8 | €2,092 | €0 | -€2,092 | -100.0% |
| Trade debts | 44 | €1,076 | €2,714 | +€1,638 | +152.3% |
| Suppliers | 440/4 | €1,076 | €2,714 | +€1,638 | +152.3% |
| Taxes, remuneration and social security | 45 | €4,866 | €11,684 | +€6,818 | +140.1% |
| Taxes | 450/3 | - | €11,684 | +€11,684 | |
| Remuneration and social security | 454/9 | €4,866 | €0 | -€4,866 | -100.0% |
| Other amounts payable | 47/48 | €2,042 | €0 | -€2,042 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €691 | €1,647 | +€956 | +138.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €143,519 | €133,548 | -€9,972 | -6.9% |
| Operating profit (loss) | 9901 | €142,441 | €131,501 | -€10,940 | -7.7% |
| Financial income | 75/76B | - | €724 | +€724 | |
| Recurring financial income | 75 | - | €724 | +€724 | |
| Financial charges | 65/66B | €85 | €103 | +€18 | +21.5% |
| Recurring financial charges | 65 | €85 | €103 | +€18 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €142,356 | €132,122 | -€10,234 | -7.2% |
| Income taxes | 67/77 | €34,483 | €28,624 | -€5,859 | -17.0% |
| Profit (loss) for the period | 9904 | €107,873 | €103,498 | -€4,375 | -4.1% |
| Transfer to tax-exempt reserves | 689 | €46,500 | €0 | -€46,500 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,373 | €103,498 | +€42,125 | +68.6% |
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 4 October 2026 via checked.be.