V.D.S. ELECTRO: 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.
V.D.S. ELECTRO
Largest movements
- Cash +€55,466
up €55,466 (+32.0%), from €173,441 to €228,907
mainly Other debts (+€105,047) and Net result for the year (+€58,570)
- Tangible fixed assets -€24,151
down €24,151 (-18.0%), from €134,058 to €109,907
of which Land and buildings: -€24,334
- Current investments +€14,991
up €14,991 (+8.0%), from €186,619 to €201,610
- Stocks and contracts -€12,750
down €12,750 (-86.7%), from €14,710 to €1,960
- Other debts +€105,047
up €105,047 (+600%), from €17,499 to €122,546
- Reserves -€61,165
down €61,165 (-17.2%), from €355,843 to €294,678
of which Distributable reserves: -€61,165
- Debts after one year -€20,000
down €20,000 (-26.7%), from €74,999 to €54,999
- Gross operating margin +€51,919
up €51,919 (+107%), from €48,747 to €100,667
- Taxes +€12,600
up €12,600 (+115%), from €10,936 to €23,536
- Financial income -€9,162
down €9,162 (-37.2%), from €24,656 to €15,494
- Financial charges -€4,174
down €4,174 (-48.5%), from €8,610 to €4,436
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 | €546,123 | €573,882 | +€27,759 | +5.1% |
| Fixed assets | 21/28 | €134,058 | €109,907 | -€24,151 | -18.0% |
| Tangible fixed assets | 22/27 | €134,058 | €109,907 | -€24,151 | -18.0% |
| Land and buildings | 22 | €129,364 | €105,030 | -€24,334 | -18.8% |
| Furniture and vehicles | 24 | €4,694 | €4,877 | +€183 | +3.9% |
| Current assets | 29/58 | €412,065 | €463,975 | +€51,910 | +12.6% |
| Stocks and contracts in progress | 3 | €14,710 | €1,960 | -€12,750 | -86.7% |
| Stocks | 30/36 | €14,710 | €1,960 | -€12,750 | -86.7% |
| Amounts receivable within one year | 40/41 | €25,734 | €22,796 | -€2,938 | -11.4% |
| Trade receivables | 40 | €25,720 | €15,282 | -€10,439 | -40.6% |
| Other amounts receivable | 41 | €13 | €7,514 | +€7,501 | +57,172% |
| Current investments | 50/53 | €186,619 | €201,610 | +€14,991 | +8.0% |
| Cash at bank and in hand | 54/58 | €173,441 | €228,907 | +€55,466 | +32.0% |
| Deferred charges and accrued income | 490/1 | €11,560 | €8,702 | -€2,858 | -24.7% |
| Total equity and liabilities | 10/49 | €546,123 | €573,882 | +€27,759 | +5.1% |
| Equity | 10/15 | €420,795 | €359,630 | -€61,165 | -14.5% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €355,843 | €294,678 | -€61,165 | -17.2% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €337,093 | €275,928 | -€61,165 | -18.1% |
| Profit (loss) carried forward | 14 | €42,952 | €42,952 | = | 0.0% |
| Amounts payable | 17/49 | €125,328 | €214,252 | +€88,924 | +71.0% |
| Amounts payable after more than one year | 17 | €74,999 | €54,999 | -€20,000 | -26.7% |
| Financial debts | 170/4 | €74,999 | €54,999 | -€20,000 | -26.7% |
| Amounts payable within one year | 42/48 | €50,200 | €159,053 | +€108,853 | +217% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €9,784 | €11,105 | +€1,321 | +13.5% |
| Suppliers | 440/4 | €9,784 | €11,105 | +€1,321 | +13.5% |
| Taxes, remuneration and social security | 45 | €2,917 | €5,402 | +€2,485 | +85.2% |
| Taxes | 450/3 | €2,917 | €5,402 | +€2,485 | +85.2% |
| Other amounts payable | 47/48 | €17,499 | €122,546 | +€105,047 | +600% |
| Accrued charges and deferred income | 492/3 | €128 | €200 | +€72 | +55.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,960 | €26,340 | +€380 | +1.5% |
| Other operating charges | 640/8 | €2,946 | €3,278 | +€332 | +11.3% |
| Gross operating margin | 9900 | €48,747 | €100,667 | +€51,919 | +107% |
| Operating profit (loss) | 9901 | €19,841 | €71,048 | +€51,207 | +258% |
| Financial income | 75/76B | €24,656 | €15,494 | -€9,162 | -37.2% |
| Recurring financial income | 75 | €24,656 | €15,494 | -€9,162 | -37.2% |
| Financial charges | 65/66B | €8,610 | €4,436 | -€4,174 | -48.5% |
| Recurring financial charges | 65 | €8,610 | €4,436 | -€4,174 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | €35,887 | €82,106 | +€46,219 | +129% |
| Income taxes | 67/77 | €10,936 | €23,536 | +€12,600 | +115% |
| Profit (loss) for the period | 9904 | €24,951 | €58,570 | +€33,619 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €24,951 | €58,570 | +€33,619 | +135% |
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 17 October 2026 via checked.be.