V&D Services: 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 Services
Largest movements
- Tangible fixed assets -€1,560
down €1,560 (-10.4%), from €14,929 to €13,370
of which Furniture and vehicles: -€803
- Trade debts +€2,907
up €2,907 (+13.1%), from €22,192 to €25,099
- Tax, wage and social debts -€2,734
down €2,734 (-29.5%), from €9,255 to €6,521
- Other debts -€1,616
down €1,616 (-4.8%), from €33,914 to €32,298
- Gross operating margin -€5,784
down €5,784 (-39.5%), from €14,656 to €8,873
- Financial charges +€1,744
up €1,744 (+4,467%), from €39 to €1,783
- Taxes +€578
up €578 (+622%), from €93 to €671
- Depreciation +€439
up €439 (+10.7%), from €4,108 to €4,547
- Financial income +€280
up €280 (+211%), from €133 to €413
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 | €134,639 | €134,291 | -€347 | -0.3% |
| Fixed assets | 21/28 | €14,929 | €13,370 | -€1,560 | -10.4% |
| Tangible fixed assets | 22/27 | €14,929 | €13,370 | -€1,560 | -10.4% |
| Plant, machinery and equipment | 23 | €4,471 | €3,714 | -€757 | -16.9% |
| Furniture and vehicles | 24 | €10,459 | €9,655 | -€803 | -7.7% |
| Current assets | 29/58 | €119,709 | €120,922 | +€1,213 | +1.0% |
| Amounts receivable within one year | 40/41 | €109,665 | €110,893 | +€1,228 | +1.1% |
| Trade receivables | 40 | €102,261 | €101,494 | -€767 | -0.8% |
| Other amounts receivable | 41 | €7,403 | €9,399 | +€1,995 | +26.9% |
| Current investments | 50/53 | €6,712 | €6,712 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €367 | €352 | -€15 | -4.2% |
| Deferred charges and accrued income | 490/1 | €2,965 | €2,965 | = | 0.0% |
| Total equity and liabilities | 10/49 | €134,639 | €134,291 | -€347 | -0.3% |
| Equity | 10/15 | €69,277 | €70,373 | +€1,096 | +1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,250 | €54,250 | = | 0.0% |
| Distributable reserves | 133 | €54,250 | €54,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,573 | -€2,477 | +€1,096 | +30.7% |
| Amounts payable | 17/49 | €65,361 | €63,918 | -€1,443 | -2.2% |
| Amounts payable within one year | 42/48 | €65,361 | €63,918 | -€1,443 | -2.2% |
| Trade debts | 44 | €22,192 | €25,099 | +€2,907 | +13.1% |
| Suppliers | 440/4 | €22,192 | €25,099 | +€2,907 | +13.1% |
| Taxes, remuneration and social security | 45 | €9,255 | €6,521 | -€2,734 | -29.5% |
| Taxes | 450/3 | €9,255 | €6,521 | -€2,734 | -29.5% |
| Other amounts payable | 47/48 | €33,914 | €32,298 | -€1,616 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,108 | €4,547 | +€439 | +10.7% |
| Other operating charges | 640/8 | €1,096 | €1,189 | +€93 | +8.5% |
| Gross operating margin | 9900 | €14,656 | €8,873 | -€5,784 | -39.5% |
| Operating profit (loss) | 9901 | €9,453 | €3,137 | -€6,315 | -66.8% |
| Financial income | 75/76B | €133 | €413 | +€280 | +211% |
| Recurring financial income | 75 | €133 | €413 | +€280 | +211% |
| Financial charges | 65/66B | €39 | €1,783 | +€1,744 | +4,467% |
| Recurring financial charges | 65 | €39 | €1,783 | +€1,744 | +4,467% |
| Profit (loss) for the period before taxes | 9903 | €9,546 | €1,767 | -€7,780 | -81.5% |
| Income taxes | 67/77 | €93 | €671 | +€578 | +622% |
| Profit (loss) for the period | 9904 | €9,453 | €1,096 | -€8,357 | -88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,453 | €1,096 | -€8,357 | -88.4% |
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 13 October 2026 via checked.be.