VDA Invest: 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 Invest
Largest movements
- Receivables within one year -€39,708
down €39,708 (-17.6%), from €225,599 to €185,891
of which Trade receivables: -€21,608
- Profit (loss) carried forward +€53,832
up €53,832 (+68.0%), from -€79,212 to -€25,379
- Other debts -€52,101
down €52,101 (-47.5%), from €109,598 to €57,497
- Trade debts -€41,715
down €41,715 (-25.5%), from €163,590 to €121,875
- Gross operating margin +€23,718
up €23,718 (+77.3%), from €30,696 to €54,414
- Other operating charges -€812
down €812 (-99.1%), from €820 to €8
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 | €232,960 | €192,976 | -€39,984 | -17.2% |
| Fixed assets | 21/28 | €3,000 | €3,000 | = | 0.0% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €229,960 | €189,976 | -€39,984 | -17.4% |
| Stocks and contracts in progress | 3 | €3,968 | €3,876 | -€92 | -2.3% |
| Stocks | 30/36 | €3,968 | €3,876 | -€92 | -2.3% |
| Amounts receivable within one year | 40/41 | €225,599 | €185,891 | -€39,708 | -17.6% |
| Trade receivables | 40 | €178,499 | €156,891 | -€21,608 | -12.1% |
| Other amounts receivable | 41 | €47,100 | €29,000 | -€18,100 | -38.4% |
| Cash at bank and in hand | 54/58 | €392 | €208 | -€184 | -47.0% |
| Total equity and liabilities | 10/49 | €232,960 | €192,976 | -€39,984 | -17.2% |
| Equity | 10/15 | -€49,212 | €4,621 | +€53,832 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,212 | -€25,379 | +€53,832 | +68.0% |
| Amounts payable | 17/49 | €282,171 | €188,355 | -€93,816 | -33.2% |
| Amounts payable within one year | 42/48 | €282,171 | €188,355 | -€93,816 | -33.2% |
| Trade debts | 44 | €163,590 | €121,875 | -€41,715 | -25.5% |
| Suppliers | 440/4 | €163,590 | €121,875 | -€41,715 | -25.5% |
| Taxes, remuneration and social security | 45 | €8,983 | €8,983 | -€0 | 0.0% |
| Taxes | 450/3 | €8,983 | €8,983 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €109,598 | €57,497 | -€52,101 | -47.5% |
| Other operating charges | 640/8 | €820 | €8 | -€812 | -99.1% |
| Gross operating margin | 9900 | €30,696 | €54,414 | +€23,718 | +77.3% |
| Operating profit (loss) | 9901 | €29,876 | €54,406 | +€24,530 | +82.1% |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €247 | €590 | +€344 | +139% |
| Recurring financial charges | 65 | €247 | €590 | +€344 | +139% |
| Profit (loss) for the period before taxes | 9903 | €29,629 | €53,832 | +€24,204 | +81.7% |
| Profit (loss) for the period | 9904 | €29,629 | €53,832 | +€24,204 | +81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,629 | €53,832 | +€24,204 | +81.7% |
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 30 October 2026 via checked.be.