VD AUTO: 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.
VD AUTO
Largest movements
- Cash +€154,204
up €154,204 (+729%), from €21,143 to €175,347
mainly Receivables within one year (+€94,110) and Other debts (+€26,183)
- Receivables within one year -€94,110
down €94,110 (-92.1%), from €102,175 to €8,066
of which Trade receivables: -€87,420
- Tangible fixed assets -€26,555
down €26,555 (-22.6%), from €117,464 to €90,909
of which Furniture and vehicles: -€19,801
- Stocks and contracts +€16,588
up €16,588 (+2.0%), from €836,035 to €852,623
- Other debts +€26,183
up €26,183 (+4.7%), from €562,163 to €588,346
- Reserves +€22,700
up €22,700 (+45.5%), from €49,925 to €72,625
of which Distributable reserves: +€22,700
- Gross operating margin -€44,342
down €44,342 (-42.0%), from €105,520 to €61,178
- Taxes -€11,329
down €11,329 (-49.8%), from €22,736 to €11,407
- Other operating charges -€10,518
down €10,518 (-71.0%), from €14,823 to €4,305
- Financial charges +€8,895
up €8,895 (+362%), from €2,458 to €11,353
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 | €1,077,317 | €1,128,819 | +€51,503 | +4.8% |
| Fixed assets | 21/28 | €117,964 | €91,409 | -€26,555 | -22.5% |
| Tangible fixed assets | 22/27 | €117,464 | €90,909 | -€26,555 | -22.6% |
| Land and buildings | 22 | €61,166 | €56,353 | -€4,813 | -7.9% |
| Plant, machinery and equipment | 23 | €5,863 | €3,921 | -€1,942 | -33.1% |
| Furniture and vehicles | 24 | €50,435 | €30,634 | -€19,801 | -39.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €959,353 | €1,037,411 | +€78,058 | +8.1% |
| Stocks and contracts in progress | 3 | €836,035 | €852,623 | +€16,588 | +2.0% |
| Stocks | 30/36 | €836,035 | €852,623 | +€16,588 | +2.0% |
| Amounts receivable within one year | 40/41 | €102,175 | €8,066 | -€94,110 | -92.1% |
| Trade receivables | 40 | €87,420 | - | -€87,420 | |
| Other amounts receivable | 41 | €14,756 | €8,066 | -€6,690 | -45.3% |
| Cash at bank and in hand | 54/58 | €21,143 | €175,347 | +€154,204 | +729% |
| Deferred charges and accrued income | 490/1 | - | €1,375 | +€1,375 | |
| Total equity and liabilities | 10/49 | €1,077,317 | €1,128,819 | +€51,503 | +4.8% |
| Equity | 10/15 | €193,907 | €216,984 | +€23,077 | +11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,925 | €72,625 | +€22,700 | +45.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €48,065 | €70,765 | +€22,700 | +47.2% |
| Profit (loss) carried forward | 14 | €125,382 | €125,759 | +€377 | +0.3% |
| Amounts payable | 17/49 | €883,410 | €911,836 | +€28,426 | +3.2% |
| Amounts payable after more than one year | 17 | €40,914 | €36,882 | -€4,032 | -9.9% |
| Financial debts | 170/4 | €40,914 | €36,882 | -€4,032 | -9.9% |
| Amounts payable within one year | 42/48 | €842,496 | €874,953 | +€32,457 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €241,753 | €245,784 | +€4,032 | +1.7% |
| Trade debts | 44 | €14,093 | €9,416 | -€4,677 | -33.2% |
| Suppliers | 440/4 | €14,093 | €9,416 | -€4,677 | -33.2% |
| Advances received on contracts in progress | 46 | - | €6,209 | +€6,209 | |
| Taxes, remuneration and social security | 45 | €24,487 | €25,198 | +€711 | +2.9% |
| Taxes | 450/3 | €199 | €2,474 | +€2,275 | +1,143% |
| Remuneration and social security | 454/9 | €24,288 | €22,724 | -€1,564 | -6.4% |
| Other amounts payable | 47/48 | €562,163 | €588,346 | +€26,183 | +4.7% |
| Non-recurring operating income | 76A | - | €2,203 | +€2,203 | |
| Remuneration, social security and pensions | 62 | €220 | €280 | +€60 | +27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,794 | €10,759 | +€965 | +9.9% |
| Other operating charges | 640/8 | €14,823 | €4,305 | -€10,518 | -71.0% |
| Gross operating margin | 9900 | €105,520 | €61,178 | -€44,342 | -42.0% |
| Operating profit (loss) | 9901 | €80,684 | €45,834 | -€34,849 | -43.2% |
| Financial income | 75/76B | €6 | €2 | -€4 | -63.0% |
| Recurring financial income | 75 | €6 | €2 | -€4 | -63.0% |
| Financial charges | 65/66B | €2,458 | €11,353 | +€8,895 | +362% |
| Recurring financial charges | 65 | €2,458 | €11,353 | +€8,895 | +362% |
| Profit (loss) for the period before taxes | 9903 | €78,232 | €34,484 | -€43,748 | -55.9% |
| Income taxes | 67/77 | €22,736 | €11,407 | -€11,329 | -49.8% |
| Profit (loss) for the period | 9904 | €55,496 | €23,077 | -€32,419 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €55,496 | €23,077 | -€32,419 | -58.4% |
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.