VVDS: what changed
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
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it 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% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.