V.D.A.: 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.
V.D.A.
Largest movements
- Cash -€8,461
down €8,461 (-30.3%), from €27,888 to €19,426
mainly Tax, wage and social debts (-€9,308) and Receivables within one year (-€4,198)
- Receivables within one year +€4,198
up €4,198 (+1,502%), from €279 to €4,477
- Stocks and contracts -€704
down €704 (-36.7%), from €1,920 to €1,216
- Tax, wage and social debts -€9,308
down €9,308 (-78.8%), from €11,807 to €2,499
- Trade debts +€3,483
new in 2025: €3,483
- Other debts +€1,412
up €1,412 (+1.9%), from €73,273 to €74,685
- Profit (loss) carried forward -€555
down €555 (-0.8%), from -€66,950 to -€67,505
- Gross operating margin -€10,687
down €10,687, from €10,133 to -€555
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 | €36,722 | €31,754 | -€4,968 | -13.5% |
| Fixed assets | 21/28 | €6,635 | €6,635 | = | 0.0% |
| Financial fixed assets | 28 | €6,635 | €6,635 | = | 0.0% |
| Current assets | 29/58 | €30,087 | €25,119 | -€4,968 | -16.5% |
| Stocks and contracts in progress | 3 | €1,920 | €1,216 | -€704 | -36.7% |
| Stocks | 30/36 | €1,920 | €1,216 | -€704 | -36.7% |
| Amounts receivable within one year | 40/41 | €279 | €4,477 | +€4,198 | +1,502% |
| Trade receivables | 40 | €279 | €4,477 | +€4,198 | +1,502% |
| Cash at bank and in hand | 54/58 | €27,888 | €19,426 | -€8,461 | -30.3% |
| Total equity and liabilities | 10/49 | €36,722 | €31,754 | -€4,968 | -13.5% |
| Equity | 10/15 | -€48,358 | -€48,913 | -€555 | -1.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,950 | -€67,505 | -€555 | -0.8% |
| Amounts payable | 17/49 | €85,080 | €80,667 | -€4,413 | -5.2% |
| Amounts payable within one year | 42/48 | €85,080 | €80,667 | -€4,413 | -5.2% |
| Trade debts | 44 | - | €3,483 | +€3,483 | |
| Suppliers | 440/4 | - | €3,483 | +€3,483 | |
| Taxes, remuneration and social security | 45 | €11,807 | €2,499 | -€9,308 | -78.8% |
| Taxes | 450/3 | €11,807 | €2,499 | -€9,308 | -78.8% |
| Other amounts payable | 47/48 | €73,273 | €74,685 | +€1,412 | +1.9% |
| Other operating charges | 640/8 | €100 | - | -€100 | |
| Gross operating margin | 9900 | €10,133 | -€555 | -€10,687 | |
| Operating profit (loss) | 9901 | €10,033 | -€555 | -€10,587 | |
| Profit (loss) for the period before taxes | 9903 | €10,033 | -€555 | -€10,587 | |
| Profit (loss) for the period | 9904 | €10,033 | -€555 | -€10,587 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,033 | -€555 | -€10,587 |
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 24 October 2026 via checked.be.