VNDTS: 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.
VNDTS
Largest movements
- Receivables within one year +€8,300
up €8,300 (+79.8%), from €10,406 to €18,707
of which Trade receivables: +€8,585
- Deferred charges and accrued income -€1,725
down €1,725 (-81.8%), from €2,109 to €385
- Tangible fixed assets -€1,689
down €1,689 (-49.3%), from €3,426 to €1,737
- Cash -€362
down €362 (-31.1%), from €1,164 to €801
mainly Contributions, distributions and other (-€15,014) and Receivables within one year (-€8,300)
- Other debts +€12,247
up €12,247 (+6788.7%), from €180 to €12,427
- Reserves -€7,792
down €7,792 (-100.0%), from €7,792 to €0
- Tax, wage and social debts +€599
up €599 (+17.1%), from €3,497 to €4,097
of which Taxes: +€945
- Trade debts -€530
down €530 (-20.1%), from €2,636 to €2,106
- Gross operating margin +€4,486
up €4,486 (+41.6%), from €10,783 to €15,269
- Taxes +€1,181
up €1,181 (+68.9%), from €1,715 to €2,897
- Other operating charges +€744
up €744 (+194.8%), from €382 to €1,125
- Depreciation +€514
up €514 (+43.7%), from €1,175 to €1,689
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 | €17,105 | €21,630 | +€4,524 | +26.4% |
| Fixed assets | 21/28 | €3,426 | €1,737 | -€1,689 | -49.3% |
| Tangible fixed assets | 22/27 | €3,426 | €1,737 | -€1,689 | -49.3% |
| Furniture and vehicles | 24 | €3,426 | €1,737 | -€1,689 | -49.3% |
| Current assets | 29/58 | €13,679 | €19,893 | +€6,213 | +45.4% |
| Amounts receivable within one year | 40/41 | €10,406 | €18,707 | +€8,300 | +79.8% |
| Trade receivables | 40 | €10,122 | €18,707 | +€8,585 | +84.8% |
| Other amounts receivable | 41 | €285 | €0 | -€285 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,164 | €801 | -€362 | -31.1% |
| Deferred charges and accrued income | 490/1 | €2,109 | €385 | -€1,725 | -81.8% |
| Total equity and liabilities | 10/49 | €17,105 | €21,630 | +€4,524 | +26.4% |
| Equity | 10/15 | €10,792 | €3,000 | -€7,792 | -72.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €7,792 | €0 | -€7,792 | -100.0% |
| Distributable reserves | 133 | €7,792 | €0 | -€7,792 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €6,314 | €18,630 | +€12,316 | +195.1% |
| Amounts payable within one year | 42/48 | €6,314 | €18,630 | +€12,316 | +195.1% |
| Trade debts | 44 | €2,636 | €2,106 | -€530 | -20.1% |
| Suppliers | 440/4 | €2,636 | €2,106 | -€530 | -20.1% |
| Taxes, remuneration and social security | 45 | €3,497 | €4,097 | +€599 | +17.1% |
| Taxes | 450/3 | €775 | €1,720 | +€945 | +122.0% |
| Remuneration and social security | 454/9 | €2,723 | €2,377 | -€346 | -12.7% |
| Other amounts payable | 47/48 | €180 | €12,427 | +€12,247 | +6788.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,175 | €1,689 | +€514 | +43.7% |
| Other operating charges | 640/8 | €382 | €1,125 | +€744 | +194.8% |
| Gross operating margin | 9900 | €10,783 | €15,269 | +€4,486 | +41.6% |
| Operating profit (loss) | 9901 | €9,226 | €12,454 | +€3,229 | +35.0% |
| Financial income | 75/76B | €12 | €2 | -€10 | -85.0% |
| Recurring financial income | 75 | €12 | €2 | -€10 | -85.0% |
| Financial charges | 65/66B | €2,337 | €2,337 | +€0 | 0.0% |
| Recurring financial charges | 65 | €2,337 | €2,337 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €6,900 | €10,119 | +€3,219 | +46.6% |
| Income taxes | 67/77 | €1,715 | €2,897 | +€1,181 | +68.9% |
| Profit (loss) for the period | 9904 | €5,185 | €7,222 | +€2,037 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,185 | €7,222 | +€2,037 | +39.3% |
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 6 October 2026 via checked.be.