VODP: 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.
VODP
Largest movements
- Cash +€199,821
up €199,821 (+80.9%), from €246,918 to €446,739
mainly Net result for the year (+€118,937) and Depreciation (+€54,755)
- Tangible fixed assets -€54,755
down €54,755 (-38.5%), from €142,296 to €87,541
of which Furniture and vehicles: -€54,085
- Receivables within one year -€23,008
down €23,008 (-47.3%), from €48,642 to €25,634
of which Other amounts receivable: -€24,741
- Profit (loss) carried forward +€118,937
up €118,937 (+531.4%), from €22,380 to €141,317
- Tax, wage and social debts +€9,342
up €9,342 (+9.9%), from €94,085 to €103,427
of which Taxes: +€10,794
- Gross operating margin +€8,096
up €8,096 (+3.8%), from €211,751 to €219,847
- Taxes -€5,183
down €5,183 (-10.7%), from €48,435 to €43,251
- Depreciation +€2,806
up €2,806 (+5.4%), from €51,949 to €54,755
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 | €538,844 | €663,647 | +€124,803 | +23.2% |
| Fixed assets | 21/28 | €142,296 | €87,541 | -€54,755 | -38.5% |
| Tangible fixed assets | 22/27 | €142,296 | €87,541 | -€54,755 | -38.5% |
| Plant, machinery and equipment | 23 | €6,383 | €5,714 | -€670 | -10.5% |
| Furniture and vehicles | 24 | €135,912 | €81,827 | -€54,085 | -39.8% |
| Current assets | 29/58 | €396,548 | €576,106 | +€179,557 | +45.3% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,642 | €25,634 | -€23,008 | -47.3% |
| Trade receivables | 40 | €22,990 | €24,724 | +€1,734 | +7.5% |
| Other amounts receivable | 41 | €25,652 | €911 | -€24,741 | -96.5% |
| Cash at bank and in hand | 54/58 | €246,918 | €446,739 | +€199,821 | +80.9% |
| Deferred charges and accrued income | 490/1 | €988 | €3,733 | +€2,744 | +277.7% |
| Total equity and liabilities | 10/49 | €538,844 | €663,647 | +€124,803 | +23.2% |
| Equity | 10/15 | €434,380 | €553,317 | +€118,937 | +27.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €410,000 | €410,000 | = | 0.0% |
| Distributable reserves | 133 | €410,000 | €410,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,380 | €141,317 | +€118,937 | +531.4% |
| Amounts payable | 17/49 | €104,464 | €110,329 | +€5,866 | +5.6% |
| Amounts payable within one year | 42/48 | €100,579 | €110,329 | +€9,750 | +9.7% |
| Trade debts | 44 | €2,921 | €815 | -€2,106 | -72.1% |
| Suppliers | 440/4 | €2,921 | €815 | -€2,106 | -72.1% |
| Taxes, remuneration and social security | 45 | €94,085 | €103,427 | +€9,342 | +9.9% |
| Taxes | 450/3 | €92,154 | €102,947 | +€10,794 | +11.7% |
| Remuneration and social security | 454/9 | €1,931 | €480 | -€1,451 | -75.1% |
| Other amounts payable | 47/48 | €3,574 | €6,087 | +€2,513 | +70.3% |
| Accrued charges and deferred income | 492/3 | €3,884 | - | -€3,884 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,949 | €54,755 | +€2,806 | +5.4% |
| Other operating charges | 640/8 | €1,826 | €3,155 | +€1,328 | +72.7% |
| Gross operating margin | 9900 | €211,751 | €219,847 | +€8,096 | +3.8% |
| Operating profit (loss) | 9901 | €157,976 | €161,937 | +€3,961 | +2.5% |
| Financial income | 75/76B | €0 | €306 | +€306 | +1531150.0% |
| Recurring financial income | 75 | €0 | €306 | +€306 | +1531150.0% |
| Financial charges | 65/66B | €143 | €55 | -€88 | -61.6% |
| Recurring financial charges | 65 | €143 | €55 | -€88 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | €157,833 | €162,188 | +€4,356 | +2.8% |
| Income taxes | 67/77 | €48,435 | €43,251 | -€5,183 | -10.7% |
| Profit (loss) for the period | 9904 | €109,398 | €118,937 | +€9,539 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €109,398 | €118,937 | +€9,539 | +8.7% |
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 3 October 2026 via checked.be.