VDA ESTATES: 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 ESTATES
Largest movements
- Cash +€31,055
up €31,055 (+952.8%), from €3,259 to €34,315
mainly Net result for the year (+€19,090) and Depreciation (+€18,711)
- Tangible fixed assets -€18,711
down €18,711 (-36.1%), from €51,821 to €33,111
of which Furniture and vehicles: -€18,251
- Receivables within one year -€9,043
down €9,043 (-41.7%), from €21,710 to €12,667
of which Trade receivables: -€9,043
- Other debts +€18,649
up €18,649 (+216.8%), from €8,602 to €27,251
- Debts after one year -€14,436
down €14,436 (-56.6%), from €25,502 to €11,066
- Gross operating margin +€25,955
up €25,955 (+127.9%), from €20,288 to €46,242
- Taxes +€5,063
up €5,063 (+537.8%), from €941 to €6,004
- Depreciation -€899
down €899 (-4.6%), from €19,610 to €18,711
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 | €78,985 | €82,361 | +€3,377 | +4.3% |
| Fixed assets | 21/28 | €51,841 | €33,111 | -€18,731 | -36.1% |
| Tangible fixed assets | 22/27 | €51,821 | €33,111 | -€18,711 | -36.1% |
| Plant, machinery and equipment | 23 | €919 | €459 | -€459 | -50.0% |
| Furniture and vehicles | 24 | €50,902 | €32,651 | -€18,251 | -35.9% |
| Financial fixed assets | 28 | €20 | - | -€20 | |
| Current assets | 29/58 | €27,143 | €49,250 | +€22,107 | +81.4% |
| Amounts receivable within one year | 40/41 | €21,710 | €12,667 | -€9,043 | -41.7% |
| Trade receivables | 40 | €21,710 | €12,667 | -€9,043 | -41.7% |
| Other amounts receivable | 41 | €1 | - | -€1 | |
| Cash at bank and in hand | 54/58 | €3,259 | €34,315 | +€31,055 | +952.8% |
| Deferred charges and accrued income | 490/1 | €2,173 | €2,269 | +€95 | +4.4% |
| Total equity and liabilities | 10/49 | €78,985 | €82,361 | +€3,377 | +4.3% |
| Equity | 10/15 | €20,725 | €20,018 | -€706 | -3.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €19,018 | €19,018 | = | 0.0% |
| Distributable reserves | 133 | €19,018 | €19,018 | = | 0.0% |
| Profit (loss) carried forward | 14 | €706 | - | -€706 | |
| Amounts payable | 17/49 | €58,260 | €62,343 | +€4,083 | +7.0% |
| Amounts payable after more than one year | 17 | €25,502 | €11,066 | -€14,436 | -56.6% |
| Financial debts | 170/4 | €25,502 | €11,066 | -€14,436 | -56.6% |
| Amounts payable within one year | 42/48 | €32,758 | €51,168 | +€18,410 | +56.2% |
| Current portion of amounts payable after more than one year | 42 | €14,846 | €14,436 | -€410 | -2.8% |
| Trade debts | 44 | €1,179 | €1,234 | +€55 | +4.6% |
| Suppliers | 440/4 | €1,179 | €1,234 | +€55 | +4.6% |
| Taxes, remuneration and social security | 45 | €8,131 | €8,247 | +€116 | +1.4% |
| Taxes | 450/3 | €8,131 | €8,247 | +€116 | +1.4% |
| Other amounts payable | 47/48 | €8,602 | €27,251 | +€18,649 | +216.8% |
| Accrued charges and deferred income | 492/3 | - | €108 | +€108 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,610 | €18,711 | -€899 | -4.6% |
| Other operating charges | 640/8 | €1,149 | €1,300 | +€151 | +13.1% |
| Gross operating margin | 9900 | €20,288 | €46,242 | +€25,955 | +127.9% |
| Operating profit (loss) | 9901 | -€472 | €26,232 | +€26,703 | |
| Financial income | 75/76B | €0 | €2 | +€2 | +11750.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +11750.0% |
| Financial charges | 65/66B | €1,481 | €1,140 | -€341 | -23.0% |
| Recurring financial charges | 65 | €1,481 | €1,140 | -€341 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,952 | €25,094 | +€27,046 | |
| Income taxes | 67/77 | €941 | €6,004 | +€5,063 | +537.8% |
| Profit (loss) for the period | 9904 | -€2,894 | €19,090 | +€21,983 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,894 | €19,090 | +€21,983 |
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 10 October 2026 via checked.be.