VVD SRL: 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 SRL
Largest movements
- Financial fixed assets +€885,625
new in 2025: €885,625
- Cash -€91,656
down €91,656 (-69.7%), from €131,482 to €39,826
mainly Investment in fixed assets (net) (-€885,625) and Contributions, distributions and other (-€75,000)
- Debts after one year +€488,464
up €488,464 (+2,993%), from €16,321 to €504,784
of which Financial debts: +€463,464
- Other debts +€242,479
up €242,479 (+211%), from €114,814 to €357,293
- Current portion of long-term debt +€53,115
up €53,115 (+939%), from €5,656 to €58,771
- Gross operating margin +€62,219
up €62,219 (+102%), from €61,090 to €123,309
- Taxes +€12,645
up €12,645 (+96.3%), from €13,132 to €25,777
- Financial charges +€12,632
up €12,632 (+575%), from €2,198 to €14,831
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 | €170,580 | €956,770 | +€786,190 | +461% |
| Fixed assets | 21/28 | €28,737 | €906,393 | +€877,656 | +3,054% |
| Tangible fixed assets | 22/27 | €28,737 | €20,768 | -€7,969 | -27.7% |
| Furniture and vehicles | 24 | €28,737 | €20,768 | -€7,969 | -27.7% |
| Financial fixed assets | 28 | - | €885,625 | +€885,625 | |
| Current assets | 29/58 | €141,843 | €50,377 | -€91,466 | -64.5% |
| Amounts receivable within one year | 40/41 | €9,148 | €9,148 | = | 0.0% |
| Other amounts receivable | 41 | €9,148 | €9,148 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €131,482 | €39,826 | -€91,656 | -69.7% |
| Deferred charges and accrued income | 490/1 | €1,214 | €1,404 | +€190 | +15.7% |
| Total equity and liabilities | 10/49 | €170,580 | €956,770 | +€786,190 | +461% |
| Equity | 10/15 | €25,365 | €25,097 | -€268 | -1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,905 | €4,637 | -€268 | -5.5% |
| Amounts payable | 17/49 | €145,215 | €931,673 | +€786,459 | +542% |
| Amounts payable after more than one year | 17 | €16,321 | €504,784 | +€488,464 | +2,993% |
| Financial debts | 170/4 | €16,321 | €479,784 | +€463,464 | +2,840% |
| Other amounts payable | 178/9 | - | €25,000 | +€25,000 | |
| Amounts payable within one year | 42/48 | €128,894 | €425,586 | +€296,692 | +230% |
| Current portion of amounts payable after more than one year | 42 | €5,656 | €58,771 | +€53,115 | +939% |
| Trade debts | 44 | €487 | €531 | +€44 | +9.0% |
| Suppliers | 440/4 | €487 | €531 | +€44 | +9.0% |
| Taxes, remuneration and social security | 45 | €7,938 | €8,992 | +€1,054 | +13.3% |
| Taxes | 450/3 | €7,938 | €8,992 | +€1,054 | +13.3% |
| Other amounts payable | 47/48 | €114,814 | €357,293 | +€242,479 | +211% |
| Accrued charges and deferred income | 492/3 | - | €1,303 | +€1,303 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,947 | €7,969 | +€22 | +0.3% |
| Other operating charges | 640/8 | €16 | - | -€16 | |
| Gross operating margin | 9900 | €61,090 | €123,309 | +€62,219 | +102% |
| Operating profit (loss) | 9901 | €53,127 | €115,340 | +€62,212 | +117% |
| Financial charges | 65/66B | €2,198 | €14,831 | +€12,632 | +575% |
| Recurring financial charges | 65 | €2,198 | €14,831 | +€12,632 | +575% |
| Profit (loss) for the period before taxes | 9903 | €50,929 | €100,509 | +€49,580 | +97.4% |
| Income taxes | 67/77 | €13,132 | €25,777 | +€12,645 | +96.3% |
| Profit (loss) for the period | 9904 | €37,797 | €74,732 | +€36,934 | +97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,797 | €74,732 | +€36,934 | +97.7% |
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.