VVDV: 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.
VVDV
Largest movements
- Tangible fixed assets -€44,363
down €44,363 (-43.9%), from €101,073 to €56,711
of which Plant, machinery and equipment: -€45,580
- Current investments -€20,000
down €20,000 (-9.1%), from €220,000 to €200,000
- Receivables within one year +€13,573
up €13,573 (+89.2%), from €15,217 to €28,789
of which Other amounts receivable: +€9,701
- Cash -€6,866
down €6,866 (-3.2%), from €211,507 to €204,641
mainly Other debts (-€59,500) and Debts after one year (-€37,166)
- Other debts -€59,500
down €59,500 (-99.3%), from €59,923 to €423
- Debts after one year -€37,166
down €37,166 (-84.6%), from €43,955 to €6,789
- Trade debts +€36,190
up €36,190 (+20.9%), from €173,476 to €209,666
- Reserves +€13,979
up €13,979 (+5.8%), from €240,840 to €254,818
of which Distributable reserves: +€13,979
- Tax, wage and social debts -€13,529
down €13,529 (-36.8%), from €36,715 to €23,187
of which Taxes: -€11,501
- Gross operating margin -€78,866
down €78,866 (-23.3%), from €338,883 to €260,017
- Staff costs -€12,091
down €12,091 (-6.2%), from €194,923 to €182,832
- Taxes -€10,580
down €10,580 (-60.8%), from €17,393 to €6,813
- Depreciation -€3,789
down €3,789 (-6.8%), from €55,639 to €51,850
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 | €645,712 | €584,546 | -€61,166 | -9.5% |
| Fixed assets | 21/28 | €101,073 | €56,711 | -€44,363 | -43.9% |
| Tangible fixed assets | 22/27 | €101,073 | €56,711 | -€44,363 | -43.9% |
| Plant, machinery and equipment | 23 | €100,300 | €54,720 | -€45,580 | -45.4% |
| Furniture and vehicles | 24 | €773 | €1,991 | +€1,218 | +157.5% |
| Current assets | 29/58 | €544,639 | €527,835 | -€16,804 | -3.1% |
| Stocks and contracts in progress | 3 | €92,798 | €92,798 | = | 0.0% |
| Stocks | 30/36 | €92,798 | €92,798 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,217 | €28,789 | +€13,573 | +89.2% |
| Trade receivables | 40 | - | €3,872 | +€3,872 | |
| Other amounts receivable | 41 | €15,217 | €24,918 | +€9,701 | +63.8% |
| Current investments | 50/53 | €220,000 | €200,000 | -€20,000 | -9.1% |
| Cash at bank and in hand | 54/58 | €211,507 | €204,641 | -€6,866 | -3.2% |
| Deferred charges and accrued income | 490/1 | €5,118 | €1,607 | -€3,510 | -68.6% |
| Total equity and liabilities | 10/49 | €645,712 | €584,546 | -€61,166 | -9.5% |
| Equity | 10/15 | €290,840 | €304,818 | +€13,979 | +4.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €240,840 | €254,818 | +€13,979 | +5.8% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €235,840 | €249,818 | +€13,979 | +5.9% |
| Amounts payable | 17/49 | €354,873 | €279,728 | -€75,145 | -21.2% |
| Amounts payable after more than one year | 17 | €43,955 | €6,789 | -€37,166 | -84.6% |
| Financial debts | 170/4 | €43,955 | €6,789 | -€37,166 | -84.6% |
| Amounts payable within one year | 42/48 | €310,918 | €272,683 | -€38,235 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €40,804 | €39,408 | -€1,396 | -3.4% |
| Trade debts | 44 | €173,476 | €209,666 | +€36,190 | +20.9% |
| Suppliers | 440/4 | €173,476 | €209,666 | +€36,190 | +20.9% |
| Taxes, remuneration and social security | 45 | €36,715 | €23,187 | -€13,529 | -36.8% |
| Taxes | 450/3 | €11,501 | - | -€11,501 | |
| Remuneration and social security | 454/9 | €25,214 | €23,187 | -€2,027 | -8.0% |
| Other amounts payable | 47/48 | €59,923 | €423 | -€59,500 | -99.3% |
| Accrued charges and deferred income | 492/3 | - | €255 | +€255 | |
| Remuneration, social security and pensions | 62 | €194,923 | €182,832 | -€12,091 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,639 | €51,850 | -€3,789 | -6.8% |
| Other operating charges | 640/8 | €1,264 | €4,081 | +€2,817 | +222.8% |
| Gross operating margin | 9900 | €338,883 | €260,017 | -€78,866 | -23.3% |
| Operating profit (loss) | 9901 | €87,057 | €21,254 | -€65,802 | -75.6% |
| Financial income | 75/76B | €4,987 | €8,095 | +€3,107 | +62.3% |
| Recurring financial income | 75 | €4,987 | €8,095 | +€3,107 | +62.3% |
| Financial charges | 65/66B | €8,390 | €8,557 | +€167 | +2.0% |
| Recurring financial charges | 65 | €8,390 | €8,557 | +€167 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €83,654 | €20,792 | -€62,862 | -75.1% |
| Income taxes | 67/77 | €17,393 | €6,813 | -€10,580 | -60.8% |
| Profit (loss) for the period | 9904 | €66,261 | €13,979 | -€52,282 | -78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €66,261 | €13,979 | -€52,282 | -78.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.