VD Logistics: 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.
What changed
VD Logistics
NACE 82.990, Other business support services
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€5,894
2023 · €17,130-€11,236
Equity
€89,444
2023 · €83,550+€5,894
Cash
€61,663
2023 · €66,948-€5,286
Balance sheet total
€676,373
2023 · €687,855-€11,483
Largest movements
Assets
- Tangible fixed assets -€9,413
down €9,413 (-32.2%), from €29,259 to €19,846
of which Plant, machinery and equipment: -€9,250
Equity and liabilities
- Trade debts -€22,878
down €22,878 (-4.3%), from €529,963 to €507,085
- Other debts +€16,619
up €16,619 (+52.1%), from €31,913 to €48,531
- Debts after one year -€14,169
down €14,169 (-100%), from €14,169 to €0
Income statement
- Staff costs +€97,353
up €97,353 (+12,544%), from €776 to €98,129
- Gross operating margin +€81,343
up €81,343 (+177%), from €45,862 to €127,205
- Taxes -€4,579
down €4,579 (-62.8%), from €7,292 to €2,713
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.
Result 2023
€17,130
Gross operating margin
+€81,343
Staff costs
-€97,353
Depreciation
-€963
Other operating charges
+€1,241
Other operating items
-€1,124
Financial income
+€260
Financial charges
+€781
Taxes
+€4,579
Result 2024
€5,894
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€6,287
Investment
€0
Financing
-€11,573
Cash 2023
€66,948
From operations (derived)
+€6,287
Net result for the year
+€5,894
Depreciation
+€9,413
Receivables within one year
-€4,565
Deferred charges and accrued income
+€1,349
Trade debts
-€22,878
Tax, wage and social debts
+€456
Other debts
+€16,619
Financing
-€11,573
Debts after one year
-€14,169
Current portion of long-term debt
+€2,596
Cash 2024
€61,663
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €687,855 | €676,373 | -€11,483 | -1.7% |
| Fixed assets | 21/28 | €29,430 | €20,017 | -€9,413 | -32.0% |
| Tangible fixed assets | 22/27 | €29,259 | €19,846 | -€9,413 | -32.2% |
| Plant, machinery and equipment | 23 | €28,713 | €19,463 | -€9,250 | -32.2% |
| Furniture and vehicles | 24 | €546 | €383 | -€163 | -29.8% |
| Financial fixed assets | 28 | €171 | €171 | = | 0.0% |
| Current assets | 29/58 | €658,425 | €656,356 | -€2,070 | -0.3% |
| Amounts receivable within one year | 40/41 | €589,226 | €593,791 | +€4,565 | +0.8% |
| Trade receivables | 40 | €550,665 | €532,417 | -€18,248 | -3.3% |
| Other amounts receivable | 41 | €38,561 | €61,373 | +€22,812 | +59.2% |
| Cash at bank and in hand | 54/58 | €66,948 | €61,663 | -€5,286 | -7.9% |
| Deferred charges and accrued income | 490/1 | €2,251 | €903 | -€1,349 | -59.9% |
| Total equity and liabilities | 10/49 | €687,855 | €676,373 | -€11,483 | -1.7% |
| Equity | 10/15 | €83,550 | €89,444 | +€5,894 | +7.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €64,958 | €70,852 | +€5,894 | +9.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €64,958 | €70,852 | +€5,894 | +9.1% |
| Amounts payable | 17/49 | €604,305 | €586,929 | -€17,376 | -2.9% |
| Amounts payable after more than one year | 17 | €14,169 | €0 | -€14,169 | -100% |
| Financial debts | 170/4 | €14,169 | €0 | -€14,169 | -100% |
| Amounts payable within one year | 42/48 | €590,136 | €586,929 | -€3,207 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €11,573 | €14,169 | +€2,596 | +22.4% |
| Trade debts | 44 | €529,963 | €507,085 | -€22,878 | -4.3% |
| Suppliers | 440/4 | €529,963 | €507,085 | -€22,878 | -4.3% |
| Taxes, remuneration and social security | 45 | €16,687 | €17,143 | +€456 | +2.7% |
| Taxes | 450/3 | €14,231 | €9,979 | -€4,252 | -29.9% |
| Remuneration and social security | 454/9 | €2,456 | €7,164 | +€4,708 | +192% |
| Other amounts payable | 47/48 | €31,913 | €48,531 | +€16,619 | +52.1% |
| Remuneration, social security and pensions | 62 | €776 | €98,129 | +€97,353 | +12,544% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,450 | €9,413 | +€963 | +11.4% |
| Other operating charges | 640/8 | €2,377 | €1,136 | -€1,241 | -52.2% |
| Non-recurring operating charges | 66A | - | €1,124 | +€1,124 | |
| Gross operating margin | 9900 | €45,862 | €127,205 | +€81,343 | +177% |
| Operating profit (loss) | 9901 | €34,259 | €17,403 | -€16,857 | -49.2% |
| Financial income | 75/76B | €364 | €625 | +€260 | +71.5% |
| Recurring financial income | 75 | €364 | €625 | +€260 | +71.5% |
| Financial charges | 65/66B | €10,202 | €9,421 | -€781 | -7.7% |
| Recurring financial charges | 65 | €10,202 | €9,421 | -€781 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €24,421 | €8,606 | -€15,815 | -64.8% |
| Income taxes | 67/77 | €7,292 | €2,713 | -€4,579 | -62.8% |
| Profit (loss) for the period | 9904 | €17,130 | €5,894 | -€11,236 | -65.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,130 | €5,894 | -€11,236 | -65.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.