VDIUM: 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.
VDIUM
Largest movements
- Receivables within one year -€170,033
down €170,033 (-82.4%), from €206,378 to €36,345
of which Other amounts receivable: -€201,470
- Financial fixed assets +€148,500
up €148,500 (+258%), from €57,508 to €206,008
- Cash -€9,429
no longer reported in 2025 (was €9,429)
mainly Investment in fixed assets (net) (-€152,190) and Other debts (-€19,686)
- Other debts -€19,686
down €19,686 (-2.7%), from €717,464 to €697,778
- Profit (loss) carried forward -€11,669
down €11,669 (-2.2%), from -€533,062 to -€544,731
- Financial charges -€240,409
down €240,409 (-89.0%), from €269,981 to €29,572
- Gross operating margin +€31,114
up €31,114, from -€20,015 to €11,099
- Financial income +€13,428
new in 2025: €13,428
- Depreciation +€1,031
up €1,031 (+21.7%), from €4,748 to €5,779
- Other operating charges +€352
up €352 (+71.5%), from €493 to €845
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 | €279,762 | €248,119 | -€31,643 | -11.3% |
| Fixed assets | 21/28 | €63,663 | €210,074 | +€146,411 | +230% |
| Tangible fixed assets | 22/27 | €6,155 | €4,066 | -€2,089 | -33.9% |
| Furniture and vehicles | 24 | €6,155 | €4,066 | -€2,089 | -33.9% |
| Financial fixed assets | 28 | €57,508 | €206,008 | +€148,500 | +258% |
| Current assets | 29/58 | €216,098 | €38,045 | -€178,054 | -82.4% |
| Amounts receivable within one year | 40/41 | €206,378 | €36,345 | -€170,033 | -82.4% |
| Trade receivables | 40 | €3,563 | €35,000 | +€31,437 | +882% |
| Other amounts receivable | 41 | €202,814 | €1,345 | -€201,470 | -99.3% |
| Cash at bank and in hand | 54/58 | €9,429 | - | -€9,429 | |
| Deferred charges and accrued income | 490/1 | €292 | €1,700 | +€1,408 | +483% |
| Total equity and liabilities | 10/49 | €279,762 | €248,119 | -€31,643 | -11.3% |
| Equity | 10/15 | -€472,593 | -€484,262 | -€11,669 | -2.5% |
| Contributions | 10/11 | €58,776 | €58,776 | = | 0.0% |
| Reserves | 13 | €1,693 | €1,693 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,693 | €1,693 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,693 | €1,693 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€533,062 | -€544,731 | -€11,669 | -2.2% |
| Amounts payable | 17/49 | €752,355 | €732,381 | -€19,974 | -2.7% |
| Amounts payable within one year | 42/48 | €752,355 | €732,381 | -€19,974 | -2.7% |
| Financial debts | 43 | - | €390 | +€390 | |
| Credit institutions | 430/8 | - | €390 | +€390 | |
| Trade debts | 44 | €34,541 | €33,863 | -€678 | -2.0% |
| Suppliers | 440/4 | €34,541 | €33,863 | -€678 | -2.0% |
| Taxes, remuneration and social security | 45 | €350 | €350 | = | 0.0% |
| Taxes | 450/3 | €350 | €350 | = | 0.0% |
| Other amounts payable | 47/48 | €717,464 | €697,778 | -€19,686 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,748 | €5,779 | +€1,031 | +21.7% |
| Other operating charges | 640/8 | €493 | €845 | +€352 | +71.5% |
| Gross operating margin | 9900 | -€20,015 | €11,099 | +€31,114 | |
| Operating profit (loss) | 9901 | -€25,256 | €4,475 | +€29,731 | |
| Financial income | 75/76B | - | €13,428 | +€13,428 | |
| Recurring financial income | 75 | - | €13,428 | +€13,428 | |
| Financial charges | 65/66B | €269,981 | €29,572 | -€240,409 | -89.0% |
| Recurring financial charges | 65 | €269,981 | €29,572 | -€240,409 | -89.0% |
| Profit (loss) for the period before taxes | 9903 | -€295,237 | -€11,669 | +€283,568 | +96.0% |
| Income taxes | 67/77 | €185 | - | -€185 | |
| Profit (loss) for the period | 9904 | -€295,422 | -€11,669 | +€283,753 | +96.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€295,422 | -€11,669 | +€283,753 | +96.1% |
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 1 November 2026 via checked.be.