BANDEN VDS: 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.
BANDEN VDS
Largest movements
- Receivables within one year -€82,027
down €82,027 (-25.8%), from €317,343 to €235,316
of which Trade receivables: -€95,602
- Cash +€80,618
up €80,618 (+128%), from €63,039 to €143,657
mainly Other debts (+€159,072) and Net result for the year (+€149,735)
- Tangible fixed assets +€24,129
up €24,129 (+10.9%), from €222,166 to €246,294
of which Furniture and vehicles: +€29,047
- Other debts +€159,072
up €159,072 (+194%), from €82,170 to €241,241
- Reserves -€85,560
down €85,560 (-27.9%), from €306,174 to €220,615
- Trade debts -€40,805
down €40,805 (-38.0%), from €107,479 to €66,675
- Debts after one year -€16,502
down €16,502 (-11.4%), from €145,156 to €128,655
- Current portion of long-term debt -€10,268
down €10,268 (-38.4%), from €26,769 to €16,502
- Gross operating margin +€54,965
up €54,965 (+24.6%), from €223,437 to €278,402
- Staff costs +€14,632
up €14,632 (+43.6%), from €33,534 to €48,166
- Taxes +€12,335
up €12,335 (+39.4%), from €31,330 to €43,665
- Depreciation -€4,851
down €4,851 (-16.5%), from €29,386 to €24,535
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 | €708,371 | €731,816 | +€23,445 | +3.3% |
| Fixed assets | 21/28 | €227,166 | €250,294 | +€23,129 | +10.2% |
| Intangible fixed assets | 21 | €5,000 | €4,000 | -€1,000 | -20.0% |
| Tangible fixed assets | 22/27 | €222,166 | €246,294 | +€24,129 | +10.9% |
| Land and buildings | 22 | €177,682 | €171,996 | -€5,686 | -3.2% |
| Plant, machinery and equipment | 23 | €40,735 | €41,503 | +€768 | +1.9% |
| Furniture and vehicles | 24 | €3,749 | €32,796 | +€29,047 | +775% |
| Current assets | 29/58 | €481,206 | €481,522 | +€316 | +0.1% |
| Stocks and contracts in progress | 3 | €99,004 | €100,495 | +€1,490 | +1.5% |
| Stocks | 30/36 | €99,004 | €100,495 | +€1,490 | +1.5% |
| Amounts receivable within one year | 40/41 | €317,343 | €235,316 | -€82,027 | -25.8% |
| Trade receivables | 40 | €313,629 | €218,027 | -€95,602 | -30.5% |
| Other amounts receivable | 41 | €3,714 | €17,289 | +€13,575 | +366% |
| Cash at bank and in hand | 54/58 | €63,039 | €143,657 | +€80,618 | +128% |
| Deferred charges and accrued income | 490/1 | €1,820 | €2,055 | +€235 | +12.9% |
| Total equity and liabilities | 10/49 | €708,371 | €731,816 | +€23,445 | +3.3% |
| Equity | 10/15 | €316,174 | €230,615 | -€85,560 | -27.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €306,174 | €220,615 | -€85,560 | -27.9% |
| Distributable reserves | 133 | €306,174 | €220,615 | -€85,560 | -27.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €392,197 | €501,202 | +€109,005 | +27.8% |
| Amounts payable after more than one year | 17 | €145,156 | €128,655 | -€16,502 | -11.4% |
| Financial debts | 170/4 | €145,156 | €128,655 | -€16,502 | -11.4% |
| Amounts payable within one year | 42/48 | €247,041 | €372,547 | +€125,506 | +50.8% |
| Current portion of amounts payable after more than one year | 42 | €26,769 | €16,502 | -€10,268 | -38.4% |
| Financial debts | 43 | €9,192 | €19,188 | +€9,996 | +109% |
| Credit institutions | 430/8 | €9,192 | €19,188 | +€9,996 | +109% |
| Trade debts | 44 | €107,479 | €66,675 | -€40,805 | -38.0% |
| Suppliers | 440/4 | €107,479 | €66,675 | -€40,805 | -38.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €21,431 | €28,941 | +€7,511 | +35.0% |
| Taxes | 450/3 | €15,013 | €21,871 | +€6,858 | +45.7% |
| Remuneration and social security | 454/9 | €6,418 | €7,071 | +€653 | +10.2% |
| Other amounts payable | 47/48 | €82,170 | €241,241 | +€159,072 | +194% |
| Non-recurring operating income | 76A | €200 | €0 | -€200 | -100% |
| Remuneration, social security and pensions | 62 | €33,534 | €48,166 | +€14,632 | +43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,386 | €24,535 | -€4,851 | -16.5% |
| Other operating charges | 640/8 | €3,626 | €3,991 | +€366 | +10.1% |
| Non-recurring operating charges | 66A | €1,500 | €0 | -€1,500 | -100% |
| Gross operating margin | 9900 | €223,437 | €278,402 | +€54,965 | +24.6% |
| Operating profit (loss) | 9901 | €155,392 | €201,709 | +€46,318 | +29.8% |
| Financial income | 75/76B | €50 | €831 | +€781 | +1,553% |
| Recurring financial income | 75 | €50 | €831 | +€781 | +1,553% |
| Financial charges | 65/66B | €8,564 | €9,141 | +€578 | +6.7% |
| Recurring financial charges | 65 | €8,564 | €9,141 | +€578 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €146,878 | €193,399 | +€46,521 | +31.7% |
| Income taxes | 67/77 | €31,330 | €43,665 | +€12,335 | +39.4% |
| Profit (loss) for the period | 9904 | €115,548 | €149,735 | +€34,186 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €115,548 | €149,735 | +€34,186 | +29.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.