VD compressors: 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 compressors
Largest movements
- Cash +€106,571
up €106,571 (+196%), from €54,275 to €160,846
mainly Trade debts (+€107,963) and Net result for the year (+€80,277)
- Receivables within one year +€100,317
up €100,317 (+73.2%), from €137,063 to €237,380
of which Trade receivables: +€73,069
- Tangible fixed assets +€18,767
up €18,767 (+31.9%), from €58,896 to €77,663
of which Furniture and vehicles: +€27,567
- Stocks and contracts -€8,617
down €8,617 (-11.1%), from €77,916 to €69,299
of which Contracts in progress: -€13,100
- Trade debts +€107,963
up €107,963 (+158%), from €68,204 to €176,167
- Reserves +€80,277
up €80,277 (+51.3%), from €156,480 to €236,757
- Debts after one year +€15,500
up €15,500 (+47.4%), from €32,679 to €48,179
- Current portion of long-term debt +€8,293
up €8,293 (+55.7%), from €14,884 to €23,177
- Tax, wage and social debts +€5,878
up €5,878 (+34.3%), from €17,148 to €23,027
of which Remuneration and social security: +€5,878
- Gross operating margin +€121,579
up €121,579 (+62.1%), from €195,892 to €317,471
- Staff costs +€67,699
up €67,699 (+57.4%), from €117,917 to €185,616
- Taxes +€12,239
up €12,239 (+137%), from €8,952 to €21,190
- Depreciation -€5,837
down €5,837 (-18.4%), from €31,699 to €25,862
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 | €330,154 | €549,134 | +€218,980 | +66.3% |
| Fixed assets | 21/28 | €58,896 | €77,663 | +€18,767 | +31.9% |
| Tangible fixed assets | 22/27 | €58,896 | €77,663 | +€18,767 | +31.9% |
| Plant, machinery and equipment | 23 | €29,774 | €20,973 | -€8,800 | -29.6% |
| Furniture and vehicles | 24 | €29,122 | €56,690 | +€27,567 | +94.7% |
| Current assets | 29/58 | €271,258 | €471,471 | +€200,213 | +73.8% |
| Stocks and contracts in progress | 3 | €77,916 | €69,299 | -€8,617 | -11.1% |
| Stocks | 30/36 | €62,253 | €66,736 | +€4,483 | +7.2% |
| Contracts in progress | 37 | €15,663 | €2,563 | -€13,100 | -83.6% |
| Amounts receivable within one year | 40/41 | €137,063 | €237,380 | +€100,317 | +73.2% |
| Trade receivables | 40 | €130,109 | €203,178 | +€73,069 | +56.2% |
| Other amounts receivable | 41 | €6,954 | €34,202 | +€27,248 | +392% |
| Cash at bank and in hand | 54/58 | €54,275 | €160,846 | +€106,571 | +196% |
| Deferred charges and accrued income | 490/1 | €2,004 | €3,947 | +€1,943 | +97.0% |
| Total equity and liabilities | 10/49 | €330,154 | €549,134 | +€218,980 | +66.3% |
| Equity | 10/15 | €186,480 | €266,757 | +€80,277 | +43.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €156,480 | €236,757 | +€80,277 | +51.3% |
| Distributable reserves | 133 | €156,480 | €236,757 | +€80,277 | +51.3% |
| Amounts payable | 17/49 | €143,674 | €282,377 | +€138,703 | +96.5% |
| Amounts payable after more than one year | 17 | €32,679 | €48,179 | +€15,500 | +47.4% |
| Financial debts | 170/4 | €32,679 | €48,179 | +€15,500 | +47.4% |
| Amounts payable within one year | 42/48 | €110,995 | €234,198 | +€123,203 | +111% |
| Current portion of amounts payable after more than one year | 42 | €14,884 | €23,177 | +€8,293 | +55.7% |
| Trade debts | 44 | €68,204 | €176,167 | +€107,963 | +158% |
| Suppliers | 440/4 | €68,204 | €176,167 | +€107,963 | +158% |
| Taxes, remuneration and social security | 45 | €17,148 | €23,027 | +€5,878 | +34.3% |
| Taxes | 450/3 | €3,952 | €3,952 | = | 0.0% |
| Remuneration and social security | 454/9 | €13,197 | €19,075 | +€5,878 | +44.5% |
| Other amounts payable | 47/48 | €10,759 | €11,827 | +€1,069 | +9.9% |
| Remuneration, social security and pensions | 62 | €117,917 | €185,616 | +€67,699 | +57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,699 | €25,862 | -€5,837 | -18.4% |
| Other operating charges | 640/8 | €1,011 | €1,375 | +€364 | +36.1% |
| Gross operating margin | 9900 | €195,892 | €317,471 | +€121,579 | +62.1% |
| Operating profit (loss) | 9901 | €45,266 | €104,618 | +€59,352 | +131% |
| Financial income | 75/76B | €241 | €482 | +€241 | +100% |
| Recurring financial income | 75 | €241 | €482 | +€241 | +100% |
| Financial charges | 65/66B | €4,508 | €3,632 | -€876 | -19.4% |
| Recurring financial charges | 65 | €4,508 | €3,632 | -€876 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €40,998 | €101,468 | +€60,470 | +147% |
| Income taxes | 67/77 | €8,952 | €21,190 | +€12,239 | +137% |
| Profit (loss) for the period | 9904 | €32,046 | €80,277 | +€48,231 | +151% |
| Profit (loss) for the period to be appropriated | 9905 | €32,046 | €80,277 | +€48,231 | +151% |
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 24 October 2026 via checked.be.