VnD soft: 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.
VnD soft
Largest movements
- Receivables within one year +€187,506
up €187,506 (+122%), from €153,967 to €341,473
of which Trade receivables: +€162,210
- Tangible fixed assets -€14,989
down €14,989 (-2.8%), from €533,972 to €518,982
of which Land and buildings: -€12,162
- Trade debts +€161,514
up €161,514 (+15,928%), from €1,014 to €162,528
- Other debts +€15,999
up €15,999 (+37.3%), from €42,835 to €58,834
- Debts after one year -€10,692
down €10,692 (-2.4%), from €450,404 to €439,711
- Gross operating margin +€30,547
up €30,547 (+111%), from €27,584 to €58,131
- Depreciation -€23,343
down €23,343 (-48.6%), from €48,061 to €24,718
- Financial charges +€7,321
up €7,321 (+44.0%), from €16,641 to €23,962
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 | €700,484 | €871,963 | +€171,478 | +24.5% |
| Fixed assets | 21/28 | €535,245 | €519,826 | -€15,419 | -2.9% |
| Intangible fixed assets | 21 | €1,274 | €844 | -€430 | -33.7% |
| Tangible fixed assets | 22/27 | €533,972 | €518,982 | -€14,989 | -2.8% |
| Land and buildings | 22 | €518,043 | €505,881 | -€12,162 | -2.3% |
| Plant, machinery and equipment | 23 | €1,909 | €1,710 | -€200 | -10.5% |
| Furniture and vehicles | 24 | €1,389 | €431 | -€958 | -69.0% |
| Other tangible fixed assets | 26 | €12,630 | €10,961 | -€1,669 | -13.2% |
| Current assets | 29/58 | €165,239 | €352,136 | +€186,897 | +113% |
| Amounts receivable within one year | 40/41 | €153,967 | €341,473 | +€187,506 | +122% |
| Trade receivables | 40 | €12,386 | €174,596 | +€162,210 | +1,310% |
| Other amounts receivable | 41 | €141,581 | €166,877 | +€25,296 | +17.9% |
| Cash at bank and in hand | 54/58 | €2,306 | €675 | -€1,631 | -70.7% |
| Deferred charges and accrued income | 490/1 | €8,966 | €9,988 | +€1,022 | +11.4% |
| Total equity and liabilities | 10/49 | €700,484 | €871,963 | +€171,478 | +24.5% |
| Equity | 10/15 | €169,547 | €171,956 | +€2,409 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,947 | €153,356 | +€2,409 | +1.6% |
| Amounts payable | 17/49 | €530,937 | €700,006 | +€169,069 | +31.8% |
| Amounts payable after more than one year | 17 | €450,404 | €439,711 | -€10,692 | -2.4% |
| Financial debts | 170/4 | €450,404 | €439,711 | -€10,692 | -2.4% |
| Amounts payable within one year | 42/48 | €78,501 | €257,333 | +€178,832 | +228% |
| Current portion of amounts payable after more than one year | 42 | €16,270 | €20,000 | +€3,730 | +22.9% |
| Financial debts | 43 | €4,182 | €4,179 | -€3 | -0.1% |
| Credit institutions | 430/8 | €4,182 | €4,179 | -€3 | -0.1% |
| Trade debts | 44 | €1,014 | €162,528 | +€161,514 | +15,928% |
| Suppliers | 440/4 | €1,014 | €162,528 | +€161,514 | +15,928% |
| Taxes, remuneration and social security | 45 | €14,199 | €11,792 | -€2,407 | -17.0% |
| Taxes | 450/3 | €14,199 | €11,792 | -€2,407 | -17.0% |
| Other amounts payable | 47/48 | €42,835 | €58,834 | +€15,999 | +37.3% |
| Accrued charges and deferred income | 492/3 | €2,032 | €2,962 | +€930 | +45.8% |
| Non-recurring operating income | 76A | €5,947 | - | -€5,947 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,061 | €24,718 | -€23,343 | -48.6% |
| Other operating charges | 640/8 | €2,159 | €2,026 | -€133 | -6.2% |
| Gross operating margin | 9900 | €27,584 | €58,131 | +€30,547 | +111% |
| Operating profit (loss) | 9901 | -€22,636 | €31,387 | +€54,023 | |
| Financial income | 75/76B | €10,341 | €10,208 | -€133 | -1.3% |
| Recurring financial income | 75 | €10,341 | €10,208 | -€133 | -1.3% |
| Financial charges | 65/66B | €16,641 | €23,962 | +€7,321 | +44.0% |
| Recurring financial charges | 65 | €16,641 | €23,962 | +€7,321 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | -€28,936 | €17,633 | +€46,569 | |
| Income taxes | 67/77 | €176 | €224 | +€47 | +26.8% |
| Profit (loss) for the period | 9904 | -€29,112 | €17,409 | +€46,522 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,112 | €17,409 | +€46,522 |
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 15 October 2026 via checked.be.