VVDS: 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.
VVDS
Largest movements
- Receivables within one year -€6,277
down €6,277 (-96.0%), from €6,537 to €260
of which Trade receivables: -€6,245
- Cash +€648
up €648 (+3.0%), from €21,804 to €22,452
mainly Net result for the year (+€8,064) and Receivables within one year (+€6,277)
- Tangible fixed assets -€564
down €564 (-27.8%), from €2,031 to €1,467
of which Furniture and vehicles: -€344
- Other debts -€13,067
down €13,067 (-29.0%), from €44,987 to €31,920
- Profit (loss) carried forward +€8,064
up €8,064 (+24.0%), from -€33,610 to -€25,546
- Tax, wage and social debts -€1,191
down €1,191 (-90.6%), from €1,315 to €124
- Gross operating margin -€10,975
down €10,975 (-54.4%), from €20,191 to €9,216
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 | €30,582 | €24,393 | -€6,189 | -20.2% |
| Fixed assets | 21/28 | €2,031 | €1,467 | -€564 | -27.8% |
| Tangible fixed assets | 22/27 | €2,031 | €1,467 | -€564 | -27.8% |
| Plant, machinery and equipment | 23 | €747 | €527 | -€220 | -29.5% |
| Furniture and vehicles | 24 | €1,284 | €940 | -€344 | -26.8% |
| Current assets | 29/58 | €28,551 | €22,927 | -€5,625 | -19.7% |
| Amounts receivable within one year | 40/41 | €6,537 | €260 | -€6,277 | -96.0% |
| Trade receivables | 40 | €6,505 | €260 | -€6,245 | -96.0% |
| Other amounts receivable | 41 | €31 | - | -€31 | |
| Current investments | 50/53 | €4 | €4 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,804 | €22,452 | +€648 | +3.0% |
| Deferred charges and accrued income | 490/1 | €206 | €210 | +€4 | +1.7% |
| Total equity and liabilities | 10/49 | €30,582 | €24,393 | -€6,189 | -20.2% |
| Equity | 10/15 | -€17,665 | -€9,601 | +€8,064 | +45.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,545 | €3,545 | = | 0.0% |
| Distributable reserves | 133 | €3,545 | €3,545 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,610 | -€25,546 | +€8,064 | +24.0% |
| Amounts payable | 17/49 | €48,247 | €33,994 | -€14,253 | -29.5% |
| Amounts payable within one year | 42/48 | €48,247 | €33,994 | -€14,253 | -29.5% |
| Trade debts | 44 | €1,945 | €1,949 | +€5 | +0.2% |
| Suppliers | 440/4 | €1,945 | €1,949 | +€5 | +0.2% |
| Taxes, remuneration and social security | 45 | €1,315 | €124 | -€1,191 | -90.6% |
| Taxes | 450/3 | €1,315 | €124 | -€1,191 | -90.6% |
| Other amounts payable | 47/48 | €44,987 | €31,920 | -€13,067 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €564 | €564 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €20,191 | €9,216 | -€10,975 | -54.4% |
| Operating profit (loss) | 9901 | €19,122 | €8,132 | -€10,989 | -57.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €75 | €69 | -€6 | -8.2% |
| Recurring financial charges | 65 | €75 | €69 | -€6 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €19,047 | €8,064 | -€10,983 | -57.7% |
| Profit (loss) for the period | 9904 | €19,047 | €8,064 | -€10,983 | -57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,047 | €8,064 | -€10,983 | -57.7% |
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.