vdb logistics & consultancy: 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.
vdb logistics & consultancy
Largest movements
- Cash +€23,764
up €23,764 (+24.0%), from €99,104 to €122,868
mainly Other debts (+€145,005) and Net result for the year (+€35,800)
- Tangible fixed assets -€4,711
down €4,711 (-11.5%), from €41,140 to €36,429
of which Furniture and vehicles: -€3,352
- Deferred charges and accrued income -€3,472
down €3,472 (-31.2%), from €11,123 to €7,651
- Other debts +€145,005
up €145,005 (+22,410%), from €647 to €145,652
- Profit (loss) carried forward -€133,517
down €133,517 (-78.9%), from €169,317 to €35,800
- Trade debts +€2,165
up €2,165 (+50.7%), from €4,270 to €6,436
- Gross operating margin +€18,267
up €18,267 (+44.1%), from €41,405 to €59,673
- Taxes +€3,388
up €3,388 (+46.2%), from €7,336 to €10,724
- Other operating charges +€646
up €646 (+25.7%), from €2,512 to €3,158
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 | €184,863 | €199,820 | +€14,956 | +8.1% |
| Fixed assets | 21/28 | €41,140 | €36,429 | -€4,711 | -11.5% |
| Tangible fixed assets | 22/27 | €41,140 | €36,429 | -€4,711 | -11.5% |
| Land and buildings | 22 | €33,415 | €32,608 | -€808 | -2.4% |
| Plant, machinery and equipment | 23 | €2,033 | €1,481 | -€552 | -27.1% |
| Furniture and vehicles | 24 | €5,692 | €2,340 | -€3,352 | -58.9% |
| Current assets | 29/58 | €143,723 | €163,391 | +€19,668 | +13.7% |
| Amounts receivable within one year | 40/41 | €19,414 | €18,789 | -€625 | -3.2% |
| Trade receivables | 40 | €16,250 | €18,513 | +€2,263 | +13.9% |
| Other amounts receivable | 41 | €3,164 | €276 | -€2,888 | -91.3% |
| Current investments | 50/53 | €14,082 | €14,082 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €99,104 | €122,868 | +€23,764 | +24.0% |
| Deferred charges and accrued income | 490/1 | €11,123 | €7,651 | -€3,472 | -31.2% |
| Total equity and liabilities | 10/49 | €184,863 | €199,820 | +€14,956 | +8.1% |
| Equity | 10/15 | €174,317 | €40,800 | -€133,517 | -76.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,317 | €35,800 | -€133,517 | -78.9% |
| Amounts payable | 17/49 | €10,546 | €159,020 | +€148,474 | +1,408% |
| Amounts payable within one year | 42/48 | €10,546 | €159,020 | +€148,474 | +1,408% |
| Trade debts | 44 | €4,270 | €6,436 | +€2,165 | +50.7% |
| Suppliers | 440/4 | €4,270 | €6,436 | +€2,165 | +50.7% |
| Taxes, remuneration and social security | 45 | €5,629 | €6,932 | +€1,303 | +23.2% |
| Taxes | 450/3 | €2,714 | €6,932 | +€4,218 | +155% |
| Remuneration and social security | 454/9 | €2,915 | - | -€2,915 | |
| Other amounts payable | 47/48 | €647 | €145,652 | +€145,005 | +22,410% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,913 | €8,187 | +€274 | +3.5% |
| Other operating charges | 640/8 | €2,512 | €3,158 | +€646 | +25.7% |
| Gross operating margin | 9900 | €41,405 | €59,673 | +€18,267 | +44.1% |
| Operating profit (loss) | 9901 | €30,980 | €48,327 | +€17,347 | +56.0% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.0% |
| Financial charges | 65/66B | €1,598 | €1,803 | +€205 | +12.8% |
| Recurring financial charges | 65 | €1,598 | €1,803 | +€205 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €29,382 | €46,524 | +€17,141 | +58.3% |
| Income taxes | 67/77 | €7,336 | €10,724 | +€3,388 | +46.2% |
| Profit (loss) for the period | 9904 | €22,046 | €35,800 | +€13,754 | +62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,046 | €35,800 | +€13,754 | +62.4% |
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 14 October 2026 via checked.be.