VDA Engineering: 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.
VDA Engineering
Largest movements
- Cash -€44,821
down €44,821 (-39.7%), from €112,996 to €68,175
mainly Contributions, distributions and other (-€30,000) and Current investments (-€24,467)
- Current investments +€24,467
new in 2025: €24,467
- Receivables within one year -€7,737
down €7,737 (-18.3%), from €42,361 to €34,624
of which Other amounts receivable: -€5,825
- Intangible fixed assets -€2,300
down €2,300 (-100.0%), from €2,300 to €0
- Reserves -€29,596
down €29,596 (-26.8%), from €110,354 to €80,758
- Debts after one year -€2,500
down €2,500 (-10.2%), from €24,500 to €22,000
- Trade debts +€2,448
up €2,448 (+108.5%), from €2,257 to €4,705
- Gross operating margin +€11,481
up €11,481 (+12.2%), from €93,909 to €105,390
- Staff costs +€3,614
up €3,614 (+3.8%), from €94,738 to €98,352
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.
Cash bridge derived
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 | €162,196 | €133,077 | -€29,119 | -18.0% |
| Fixed assets | 21/28 | €6,602 | €4,921 | -€1,682 | -25.5% |
| Intangible fixed assets | 21 | €2,300 | €0 | -€2,300 | -100.0% |
| Tangible fixed assets | 22/27 | €4,302 | €4,921 | +€618 | +14.4% |
| Plant, machinery and equipment | 23 | €2,825 | €4,547 | +€1,722 | +61.0% |
| Furniture and vehicles | 24 | €1,478 | €374 | -€1,104 | -74.7% |
| Current assets | 29/58 | €155,594 | €128,156 | -€27,437 | -17.6% |
| Amounts receivable within one year | 40/41 | €42,361 | €34,624 | -€7,737 | -18.3% |
| Trade receivables | 40 | €22,839 | €20,927 | -€1,912 | -8.4% |
| Other amounts receivable | 41 | €19,522 | €13,697 | -€5,825 | -29.8% |
| Current investments | 50/53 | - | €24,467 | +€24,467 | |
| Cash at bank and in hand | 54/58 | €112,996 | €68,175 | -€44,821 | -39.7% |
| Deferred charges and accrued income | 490/1 | €236 | €889 | +€653 | +276.8% |
| Total equity and liabilities | 10/49 | €162,196 | €133,077 | -€29,119 | -18.0% |
| Equity | 10/15 | €111,354 | €81,758 | -€29,596 | -26.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €110,354 | €80,758 | -€29,596 | -26.8% |
| Distributable reserves | 133 | €110,354 | €80,758 | -€29,596 | -26.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €50,842 | €51,320 | +€478 | +0.9% |
| Amounts payable after more than one year | 17 | €24,500 | €22,000 | -€2,500 | -10.2% |
| Other amounts payable | 178/9 | €24,500 | €22,000 | -€2,500 | -10.2% |
| Amounts payable within one year | 42/48 | €26,342 | €29,320 | +€2,978 | +11.3% |
| Trade debts | 44 | €2,257 | €4,705 | +€2,448 | +108.5% |
| Suppliers | 440/4 | €2,257 | €4,705 | +€2,448 | +108.5% |
| Taxes, remuneration and social security | 45 | €23,756 | €24,370 | +€613 | +2.6% |
| Taxes | 450/3 | €6,152 | €6,337 | +€185 | +3.0% |
| Remuneration and social security | 454/9 | €17,605 | €18,033 | +€428 | +2.4% |
| Other amounts payable | 47/48 | €329 | €245 | -€84 | -25.5% |
| Remuneration, social security and pensions | 62 | €94,738 | €98,352 | +€3,614 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,062 | €4,762 | -€300 | -5.9% |
| Other operating charges | 640/8 | €543 | €557 | +€14 | +2.7% |
| Gross operating margin | 9900 | €93,909 | €105,390 | +€11,481 | +12.2% |
| Operating profit (loss) | 9901 | -€6,434 | €1,719 | +€8,153 | |
| Financial income | 75/76B | - | €28 | +€28 | |
| Recurring financial income | 75 | - | €28 | +€28 | |
| Financial charges | 65/66B | €170 | €166 | -€4 | -2.3% |
| Recurring financial charges | 65 | €170 | €166 | -€4 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,603 | €1,582 | +€8,185 | |
| Income taxes | 67/77 | €483 | €1,178 | +€695 | +143.7% |
| Profit (loss) for the period | 9904 | -€7,087 | €404 | +€7,490 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,087 | €404 | +€7,490 |
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 11 October 2026 via checked.be.