VDA: what changed
Two fiscal 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.
VDA
Largest movements
- Tangible fixed assets -€76,492
down €76,492 (-19.3%), from €396,263 to €319,771
of which Furniture and vehicles: -€72,555
- Cash +€54,447
up €54,447 (+194.0%), from €28,071 to €82,517
mainly Depreciation (+€54,309) and Investment in fixed assets (net) (+€22,296)
- Receivables within one year -€21,647
down €21,647 (-41.5%), from €52,154 to €30,507
of which Trade receivables: -€28,369
- Trade debts -€36,015
down €36,015 (-95.8%), from €37,592 to €1,577
- Debts after one year -€17,142
down €17,142 (-5.8%), from €295,112 to €277,970
- Tax, wage and social debts +€7,346
up €7,346 (+590.9%), from €1,243 to €8,589
- Gross operating margin +€53,095
up €53,095 (+424.8%), from €12,499 to €65,594
- Depreciation +€36,426
up €36,426 (+203.7%), from €17,883 to €54,309
- Financial charges +€6,946
up €6,946 (+182.9%), from €3,799 to €10,745
- Other operating charges -€4,829
down €4,829 (-89.5%), from €5,394 to €564
- Taxes -€1,197
down €1,197, from €226 to -€971
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €482,127 | €438,011 | -€44,116 | -9.2% |
| Fixed assets | 21/28 | €396,375 | €319,771 | -€76,604 | -19.3% |
| Intangible fixed assets | 21 | €112 | €0 | -€112 | -100.0% |
| Tangible fixed assets | 22/27 | €396,263 | €319,771 | -€76,492 | -19.3% |
| Land and buildings | 22 | €304,161 | €297,287 | -€6,873 | -2.3% |
| Plant, machinery and equipment | 23 | €12,772 | €9,899 | -€2,874 | -22.5% |
| Furniture and vehicles | 24 | €79,330 | €6,775 | -€72,555 | -91.5% |
| Other tangible fixed assets | 26 | - | €5,810 | +€5,810 | |
| Current assets | 29/58 | €85,752 | €118,240 | +€32,488 | +37.9% |
| Amounts receivable after more than one year | 29 | €4,418 | €2,704 | -€1,714 | -38.8% |
| Other amounts receivable | 291 | €4,418 | €2,704 | -€1,714 | -38.8% |
| Amounts receivable within one year | 40/41 | €52,154 | €30,507 | -€21,647 | -41.5% |
| Trade receivables | 40 | €52,154 | €23,785 | -€28,369 | -54.4% |
| Other amounts receivable | 41 | €0 | €6,723 | +€6,723 | |
| Cash at bank and in hand | 54/58 | €28,071 | €82,517 | +€54,447 | +194.0% |
| Deferred charges and accrued income | 490/1 | €1,109 | €2,512 | +€1,402 | +126.4% |
| Total equity and liabilities | 10/49 | €482,127 | €438,011 | -€44,116 | -9.2% |
| Equity | 10/15 | €131,625 | €132,733 | +€1,108 | +0.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €35,000 | €35,000 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,625 | €96,733 | +€1,108 | +1.2% |
| Amounts payable | 17/49 | €350,502 | €305,278 | -€45,224 | -12.9% |
| Amounts payable after more than one year | 17 | €295,112 | €277,970 | -€17,142 | -5.8% |
| Financial debts | 170/4 | €295,112 | €277,970 | -€17,142 | -5.8% |
| Amounts payable within one year | 42/48 | €55,390 | €27,308 | -€28,082 | -50.7% |
| Current portion of amounts payable after more than one year | 42 | €16,555 | €17,142 | +€587 | +3.5% |
| Trade debts | 44 | €37,592 | €1,577 | -€36,015 | -95.8% |
| Suppliers | 440/4 | €37,592 | €1,577 | -€36,015 | -95.8% |
| Taxes, remuneration and social security | 45 | €1,243 | €8,589 | +€7,346 | +590.9% |
| Taxes | 450/3 | €1,243 | €8,589 | +€7,346 | +590.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,883 | €54,309 | +€36,426 | +203.7% |
| Other operating charges | 640/8 | €5,394 | €564 | -€4,829 | -89.5% |
| Gross operating margin | 9900 | €12,499 | €65,594 | +€53,095 | +424.8% |
| Operating profit (loss) | 9901 | -€10,777 | €10,721 | +€21,499 | |
| Financial income | 75/76B | €1 | €161 | +€160 | +19735.8% |
| Recurring financial income | 75 | €1 | €161 | +€160 | +19735.8% |
| Financial charges | 65/66B | €3,799 | €10,745 | +€6,946 | +182.9% |
| Recurring financial charges | 65 | €3,799 | €10,745 | +€6,946 | +182.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,576 | €137 | +€14,712 | |
| Income taxes | 67/77 | €226 | -€971 | -€1,197 | |
| Profit (loss) for the period | 9904 | -€14,801 | €1,108 | +€15,909 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,801 | €1,108 | +€15,909 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.