D&D VDS: 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.
D&D VDS
Largest movements
- Stocks and contracts +€171,647
up €171,647 (+2452.1%), from €7,000 to €178,647
- Cash +€150,270
up €150,270 (+38678.7%), from €389 to €150,659
mainly Short-term financial debts (+€170,000) and Net result for the year (+€114,399)
- Receivables within one year -€108,448
down €108,448 (-65.4%), from €165,945 to €57,497
of which Other amounts receivable: -€100,000
- Short-term financial debts +€170,000
new in 2025: €170,000
- Reserves +€114,399
up €114,399 (+71.7%), from €159,556 to €273,956
- Current portion of long-term debt -€100,000
down €100,000 (-45.2%), from €221,429 to €121,429
- Trade debts +€40,979
up €40,979 (+1255.2%), from €3,265 to €44,244
- Other debts +€36,268
up €36,268 (+48.8%), from €74,332 to €110,600
- Financial charges -€3,235
down €3,235 (-5.4%), from €59,835 to €56,599
- Gross operating margin +€2,879
up €2,879 (+3.7%), from €78,400 to €81,279
- Depreciation +€1,897
up €1,897 (+111.6%), from €1,700 to €3,597
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 | €1,766,015 | €2,002,412 | +€236,397 | +13.4% |
| Fixed assets | 21/28 | €1,592,332 | €1,615,259 | +€22,927 | +1.4% |
| Tangible fixed assets | 22/27 | €2,332 | €19,259 | +€16,927 | +725.9% |
| Furniture and vehicles | 24 | €2,332 | €19,259 | +€16,927 | +725.9% |
| Financial fixed assets | 28 | €1,590,000 | €1,596,000 | +€6,000 | +0.4% |
| Current assets | 29/58 | €173,683 | €387,153 | +€213,470 | +122.9% |
| Stocks and contracts in progress | 3 | €7,000 | €178,647 | +€171,647 | +2452.1% |
| Stocks | 30/36 | €7,000 | €178,647 | +€171,647 | +2452.1% |
| Amounts receivable within one year | 40/41 | €165,945 | €57,497 | -€108,448 | -65.4% |
| Trade receivables | 40 | €62,315 | €53,867 | -€8,448 | -13.6% |
| Other amounts receivable | 41 | €103,630 | €3,630 | -€100,000 | -96.5% |
| Cash at bank and in hand | 54/58 | €389 | €150,659 | +€150,270 | +38678.7% |
| Deferred charges and accrued income | 490/1 | €350 | €351 | +€1 | +0.3% |
| Total equity and liabilities | 10/49 | €1,766,015 | €2,002,412 | +€236,397 | +13.4% |
| Equity | 10/15 | €204,556 | €318,956 | +€114,399 | +55.9% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €159,556 | €273,956 | +€114,399 | +71.7% |
| Distributable reserves | 133 | €159,556 | €273,956 | +€114,399 | +71.7% |
| Amounts payable | 17/49 | €1,561,459 | €1,683,457 | +€121,998 | +7.8% |
| Amounts payable after more than one year | 17 | €1,244,428 | €1,223,000 | -€21,429 | -1.7% |
| Financial debts | 170/4 | €1,244,428 | €1,223,000 | -€21,429 | -1.7% |
| Amounts payable within one year | 42/48 | €317,031 | €460,246 | +€143,216 | +45.2% |
| Current portion of amounts payable after more than one year | 42 | €221,429 | €121,429 | -€100,000 | -45.2% |
| Financial debts | 43 | - | €170,000 | +€170,000 | |
| Credit institutions | 430/8 | - | €170,000 | +€170,000 | |
| Trade debts | 44 | €3,265 | €44,244 | +€40,979 | +1255.2% |
| Suppliers | 440/4 | €3,265 | €44,244 | +€40,979 | +1255.2% |
| Taxes, remuneration and social security | 45 | €18,005 | €13,974 | -€4,032 | -22.4% |
| Taxes | 450/3 | €18,005 | €13,974 | -€4,032 | -22.4% |
| Other amounts payable | 47/48 | €74,332 | €110,600 | +€36,268 | +48.8% |
| Accrued charges and deferred income | 492/3 | - | €210 | +€210 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,700 | €3,597 | +€1,897 | +111.6% |
| Other operating charges | 640/8 | €615 | €1,231 | +€616 | +100.1% |
| Gross operating margin | 9900 | €78,400 | €81,279 | +€2,879 | +3.7% |
| Operating profit (loss) | 9901 | €76,085 | €76,451 | +€366 | +0.5% |
| Financial income | 75/76B | €100,000 | €100,000 | -€0 | 0.0% |
| Recurring financial income | 75 | €100,000 | €100,000 | -€0 | 0.0% |
| Financial charges | 65/66B | €59,835 | €56,599 | -€3,235 | -5.4% |
| Recurring financial charges | 65 | €59,835 | €56,599 | -€3,235 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €116,250 | €119,852 | +€3,601 | +3.1% |
| Income taxes | 67/77 | €4,670 | €5,452 | +€782 | +16.8% |
| Profit (loss) for the period | 9904 | €111,580 | €114,399 | +€2,819 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €111,580 | €114,399 | +€2,819 | +2.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.