VVD OFFICE: 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.
VVD OFFICE
Largest movements
- Cash -€18,939
down €18,939 (-58.9%), from €32,140 to €13,201
mainly Trade debts (-€60,379) and Investment in fixed assets (net) (-€14,134)
- Trade debts -€60,379
down €60,379 (-92.7%), from €65,116 to €4,736
- Reserves +€40,148
up €40,148 (+48.4%), from €83,035 to €123,183
- Other debts +€10,007
up €10,007 (+54.2%), from €18,473 to €28,480
- Debts after one year -€6,117
down €6,117 (-3.8%), from €162,192 to €156,075
- Gross operating margin +€38,037
up €38,037 (+77.6%), from €48,988 to €87,025
- Depreciation +€11,192
up €11,192 (+183%), from €6,101 to €17,293
- Taxes +€10,870
up €10,870 (+259%), from €4,194 to €15,064
- Financial charges +€4,809
up €4,809 (+76.0%), from €6,332 to €11,141
- Staff costs +€1,803
up €1,803, from -€101 to €1,702
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 | €362,659 | €342,951 | -€19,709 | -5.4% |
| Fixed assets | 21/28 | €286,656 | €283,497 | -€3,159 | -1.1% |
| Intangible fixed assets | 21 | €933 | €602 | -€331 | -35.5% |
| Tangible fixed assets | 22/27 | €285,723 | €282,895 | -€2,828 | -1.0% |
| Plant, machinery and equipment | 23 | €5,024 | €3,470 | -€1,554 | -30.9% |
| Furniture and vehicles | 24 | €1,321 | €510 | -€811 | -61.4% |
| Other tangible fixed assets | 26 | €279,378 | €278,914 | -€464 | -0.2% |
| Current assets | 29/58 | €76,003 | €59,454 | -€16,549 | -21.8% |
| Amounts receivable within one year | 40/41 | €43,863 | €46,253 | +€2,390 | +5.4% |
| Trade receivables | 40 | €34,350 | €46,175 | +€11,825 | +34.4% |
| Other amounts receivable | 41 | €9,513 | €79 | -€9,435 | -99.2% |
| Cash at bank and in hand | 54/58 | €32,140 | €13,201 | -€18,939 | -58.9% |
| Total equity and liabilities | 10/49 | €362,659 | €342,951 | -€19,709 | -5.4% |
| Equity | 10/15 | €86,035 | €126,183 | +€40,148 | +46.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €83,035 | €123,183 | +€40,148 | +48.4% |
| Distributable reserves | 133 | €83,035 | €123,183 | +€40,148 | +48.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €276,624 | €216,768 | -€59,856 | -21.6% |
| Amounts payable after more than one year | 17 | €162,192 | €156,075 | -€6,117 | -3.8% |
| Financial debts | 170/4 | €162,192 | €156,075 | -€6,117 | -3.8% |
| Amounts payable within one year | 42/48 | €109,509 | €57,045 | -€52,464 | -47.9% |
| Current portion of amounts payable after more than one year | 42 | €6,373 | €6,617 | +€243 | +3.8% |
| Financial debts | 43 | €3,725 | €3,709 | -€16 | -0.4% |
| Credit institutions | 430/8 | €3,725 | €3,709 | -€16 | -0.4% |
| Trade debts | 44 | €65,116 | €4,736 | -€60,379 | -92.7% |
| Suppliers | 440/4 | €65,116 | €4,736 | -€60,379 | -92.7% |
| Taxes, remuneration and social security | 45 | €15,822 | €13,503 | -€2,319 | -14.7% |
| Taxes | 450/3 | €15,822 | €13,503 | -€2,319 | -14.7% |
| Other amounts payable | 47/48 | €18,473 | €28,480 | +€10,007 | +54.2% |
| Accrued charges and deferred income | 492/3 | €4,923 | €3,648 | -€1,275 | -25.9% |
| Remuneration, social security and pensions | 62 | -€101 | €1,702 | +€1,803 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,101 | €17,293 | +€11,192 | +183% |
| Other operating charges | 640/8 | €1,509 | €1,915 | +€405 | +26.9% |
| Gross operating margin | 9900 | €48,988 | €87,025 | +€38,037 | +77.6% |
| Operating profit (loss) | 9901 | €41,479 | €66,115 | +€24,637 | +59.4% |
| Financial income | 75/76B | €916 | €238 | -€678 | -74.0% |
| Recurring financial income | 75 | €916 | €238 | -€678 | -74.0% |
| Financial charges | 65/66B | €6,332 | €11,141 | +€4,809 | +76.0% |
| Recurring financial charges | 65 | €6,332 | €11,141 | +€4,809 | +76.0% |
| Profit (loss) for the period before taxes | 9903 | €36,062 | €55,212 | +€19,149 | +53.1% |
| Income taxes | 67/77 | €4,194 | €15,064 | +€10,870 | +259% |
| Profit (loss) for the period | 9904 | €31,868 | €40,148 | +€8,279 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,868 | €40,148 | +€8,279 | +26.0% |
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 14 October 2026 via checked.be.