V&D GROUP: 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.
V&D GROUP
Largest movements
- Cash -€26,258
no longer reported in 2024 (was €26,258)
mainly Net result for the year (-€23,371) and Tax, wage and social debts (-€16,424)
- Receivables within one year -€17,277
down €17,277 (-48.0%), from €36,017 to €18,740
of which Other amounts receivable: -€9,619
- Deferred charges and accrued income +€951
up €951 (+75.2%), from €1,265 to €2,216
- Tangible fixed assets -€873
down €873 (-15.9%), from €5,496 to €4,623
of which Plant, machinery and equipment: -€477
- Profit (loss) carried forward -€23,371
down €23,371, from €13,722 to -€9,649
- Tax, wage and social debts -€16,424
down €16,424 (-44.9%), from €36,545 to €20,121
of which Taxes: -€14,328
- Other debts -€5,000
no longer reported in 2024 (was €5,000)
- Trade debts +€1,338
up €1,338 (+11.9%), from €11,269 to €12,607
- Gross operating margin -€39,936
down €39,936, from €26,080 to -€13,856
- Taxes -€4,003
down €4,003 (-94.3%), from €4,243 to €240
- Financial charges +€3,560
up €3,560 (+168.0%), from €2,120 to €5,680
- Other operating charges +€1,904
up €1,904 (+375.7%), from €507 to €2,411
- Depreciation +€1,077
up €1,077 (+106.0%), from €1,015 to €2,092
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,036 | €25,579 | -€43,457 | -62.9% |
| Fixed assets | 21/28 | €5,496 | €4,623 | -€873 | -15.9% |
| Tangible fixed assets | 22/27 | €5,496 | €4,623 | -€873 | -15.9% |
| Plant, machinery and equipment | 23 | €1,344 | €867 | -€477 | -35.5% |
| Furniture and vehicles | 24 | €4,152 | €3,756 | -€396 | -9.5% |
| Current assets | 29/58 | €63,540 | €20,956 | -€42,584 | -67.0% |
| Amounts receivable within one year | 40/41 | €36,017 | €18,740 | -€17,277 | -48.0% |
| Trade receivables | 40 | €16,224 | €8,566 | -€7,658 | -47.2% |
| Other amounts receivable | 41 | €19,793 | €10,174 | -€9,619 | -48.6% |
| Cash at bank and in hand | 54/58 | €26,258 | - | -€26,258 | |
| Deferred charges and accrued income | 490/1 | €1,265 | €2,216 | +€951 | +75.2% |
| Total equity and liabilities | 10/49 | €69,036 | €25,579 | -€43,457 | -62.9% |
| Equity | 10/15 | €16,222 | -€7,149 | -€23,371 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,722 | -€9,649 | -€23,371 | |
| Amounts payable | 17/49 | €52,814 | €32,728 | -€20,086 | -38.0% |
| Amounts payable within one year | 42/48 | €52,814 | €32,728 | -€20,086 | -38.0% |
| Trade debts | 44 | €11,269 | €12,607 | +€1,338 | +11.9% |
| Suppliers | 440/4 | €11,269 | €12,607 | +€1,338 | +11.9% |
| Taxes, remuneration and social security | 45 | €36,545 | €20,121 | -€16,424 | -44.9% |
| Taxes | 450/3 | €34,449 | €20,121 | -€14,328 | -41.6% |
| Remuneration and social security | 454/9 | €2,096 | - | -€2,096 | |
| Other amounts payable | 47/48 | €5,000 | - | -€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,015 | €2,092 | +€1,077 | +106.0% |
| Other operating charges | 640/8 | €507 | €2,411 | +€1,904 | +375.7% |
| Gross operating margin | 9900 | €26,080 | -€13,856 | -€39,936 | |
| Operating profit (loss) | 9901 | €24,558 | -€18,359 | -€42,917 | |
| Financial income | 75/76B | €527 | €908 | +€381 | +72.4% |
| Recurring financial income | 75 | €527 | €908 | +€381 | +72.4% |
| Financial charges | 65/66B | €2,120 | €5,680 | +€3,560 | +168.0% |
| Recurring financial charges | 65 | €2,120 | €5,680 | +€3,560 | +168.0% |
| Profit (loss) for the period before taxes | 9903 | €22,965 | -€23,131 | -€46,096 | |
| Income taxes | 67/77 | €4,243 | €240 | -€4,003 | -94.3% |
| Profit (loss) for the period | 9904 | €18,722 | -€23,371 | -€42,093 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,722 | -€23,371 | -€42,093 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.