VDB Engineering Solutions: 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.
VDB Engineering Solutions
Largest movements
- Tangible fixed assets +€41,110
up €41,110 (+1182.5%), from €3,477 to €44,586
of which Leasing and similar rights: +€29,292
- Receivables within one year +€36,891
up €36,891 (+180.0%), from €20,494 to €57,386
- Cash +€23,807
up €23,807 (+187.5%), from €12,699 to €36,506
mainly Net result for the year (+€54,747) and Debts after one year (+€29,222)
- Deferred charges and accrued income +€16,937
up €16,937 (+1596.8%), from €1,061 to €17,998
- Reserves +€54,747
up €54,747 (+455.7%), from €12,013 to €66,759
- Debts after one year +€29,222
new in 2025: €29,222
- Other debts +€23,215
up €23,215 (+577.7%), from €4,019 to €27,233
- Advances received +€15,680
new in 2025: €15,680
- Tax, wage and social debts -€9,015
down €9,015 (-47.8%), from €18,851 to €9,835
of which Taxes: -€6,015
- Gross operating margin +€58,808
up €58,808 (+373.3%), from €15,756 to €74,564
- Taxes +€11,381
up €11,381 (+341.5%), from €3,333 to €14,714
- Depreciation +€3,991
up €3,991 (+1872.7%), from €213 to €4,204
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 | €37,730 | €156,476 | +€118,746 | +314.7% |
| Fixed assets | 21/28 | €3,477 | €44,586 | +€41,110 | +1182.5% |
| Tangible fixed assets | 22/27 | €3,477 | €44,586 | +€41,110 | +1182.5% |
| Furniture and vehicles | 24 | €3,477 | €7,107 | +€3,631 | +104.4% |
| Leasing and similar rights | 25 | - | €29,292 | +€29,292 | |
| Other tangible fixed assets | 26 | - | €8,187 | +€8,187 | |
| Current assets | 29/58 | €34,254 | €111,890 | +€77,636 | +226.7% |
| Amounts receivable within one year | 40/41 | €20,494 | €57,386 | +€36,891 | +180.0% |
| Trade receivables | 40 | €20,494 | €57,386 | +€36,891 | +180.0% |
| Cash at bank and in hand | 54/58 | €12,699 | €36,506 | +€23,807 | +187.5% |
| Deferred charges and accrued income | 490/1 | €1,061 | €17,998 | +€16,937 | +1596.8% |
| Total equity and liabilities | 10/49 | €37,730 | €156,476 | +€118,746 | +314.7% |
| Equity | 10/15 | €14,013 | €68,759 | +€54,747 | +390.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €12,013 | €66,759 | +€54,747 | +455.7% |
| Distributable reserves | 133 | €12,013 | €66,759 | +€54,747 | +455.7% |
| Amounts payable | 17/49 | €23,718 | €87,717 | +€63,999 | +269.8% |
| Amounts payable after more than one year | 17 | - | €29,222 | +€29,222 | |
| Financial debts | 170/4 | - | €29,222 | +€29,222 | |
| Amounts payable within one year | 42/48 | €23,718 | €55,699 | +€31,981 | +134.8% |
| Trade debts | 44 | €848 | €2,950 | +€2,102 | +247.8% |
| Suppliers | 440/4 | €848 | €2,950 | +€2,102 | +247.8% |
| Advances received on contracts in progress | 46 | - | €15,680 | +€15,680 | |
| Taxes, remuneration and social security | 45 | €18,851 | €9,835 | -€9,015 | -47.8% |
| Taxes | 450/3 | €15,851 | €9,835 | -€6,015 | -37.9% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €4,019 | €27,233 | +€23,215 | +577.7% |
| Accrued charges and deferred income | 492/3 | - | €2,796 | +€2,796 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €213 | €4,204 | +€3,991 | +1872.7% |
| Other operating charges | 640/8 | €191 | €532 | +€341 | +179.2% |
| Gross operating margin | 9900 | €15,756 | €74,564 | +€58,808 | +373.3% |
| Operating profit (loss) | 9901 | €15,352 | €69,828 | +€54,476 | +354.8% |
| Financial income | 75/76B | €6 | €47 | +€41 | +718.3% |
| Recurring financial income | 75 | €6 | €47 | +€41 | +718.3% |
| Financial charges | 65/66B | €12 | €414 | +€402 | +3227.7% |
| Recurring financial charges | 65 | €12 | €414 | +€402 | +3227.7% |
| Profit (loss) for the period before taxes | 9903 | €15,345 | €69,460 | +€54,115 | +352.7% |
| Income taxes | 67/77 | €3,333 | €14,714 | +€11,381 | +341.5% |
| Profit (loss) for the period | 9904 | €12,013 | €54,747 | +€42,734 | +355.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,013 | €54,747 | +€42,734 | +355.7% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.