VDB Motors: 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 Motors
Largest movements
- Stocks and contracts +€20,509
up €20,509 (+105%), from €19,510 to €40,019
- Tangible fixed assets -€17,301
down €17,301 (-30.5%), from €56,745 to €39,444
of which Furniture and vehicles: -€9,541
- Receivables within one year +€6,556
up €6,556 (+22.3%), from €29,348 to €35,904
of which Trade receivables: +€5,324
- Cash -€4,816
down €4,816 (-23.4%), from €20,609 to €15,793
mainly Other debts (-€43,306) and Stocks and contracts (-€20,509)
- Other debts -€43,306
no longer reported in 2025 (was €43,306)
- Reserves +€41,500
up €41,500 (+93.3%), from €44,500 to €86,000
- Tax, wage and social debts +€5,712
up €5,712 (+29.4%), from €19,399 to €25,111
- Debts after one year -€4,035
down €4,035 (-50.9%), from €7,922 to €3,886
- Trade debts +€3,602
up €3,602 (+22.2%), from €16,249 to €19,851
- Gross operating margin +€23,773
up €23,773 (+44.1%), from €53,895 to €77,667
- Taxes +€7,662
up €7,662 (+107%), from €7,170 to €14,831
- Depreciation -€1,302
down €1,302 (-7.1%), from €18,339 to €17,038
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 | €137,488 | €141,495 | +€4,006 | +2.9% |
| Fixed assets | 21/28 | €67,070 | €48,590 | -€18,480 | -27.6% |
| Intangible fixed assets | 21 | €5,795 | €4,616 | -€1,179 | -20.3% |
| Tangible fixed assets | 22/27 | €56,745 | €39,444 | -€17,301 | -30.5% |
| Plant, machinery and equipment | 23 | €30,368 | €22,780 | -€7,588 | -25.0% |
| Furniture and vehicles | 24 | €25,018 | €15,476 | -€9,541 | -38.1% |
| Other tangible fixed assets | 26 | €1,359 | €1,188 | -€172 | -12.6% |
| Financial fixed assets | 28 | €4,530 | €4,530 | = | 0.0% |
| Current assets | 29/58 | €70,418 | €92,905 | +€22,486 | +31.9% |
| Stocks and contracts in progress | 3 | €19,510 | €40,019 | +€20,509 | +105% |
| Stocks | 30/36 | €19,510 | €40,019 | +€20,509 | +105% |
| Amounts receivable within one year | 40/41 | €29,348 | €35,904 | +€6,556 | +22.3% |
| Trade receivables | 40 | €29,348 | €34,672 | +€5,324 | +18.1% |
| Other amounts receivable | 41 | - | €1,232 | +€1,232 | |
| Cash at bank and in hand | 54/58 | €20,609 | €15,793 | -€4,816 | -23.4% |
| Deferred charges and accrued income | 490/1 | €951 | €1,188 | +€237 | +24.9% |
| Total equity and liabilities | 10/49 | €137,488 | €141,495 | +€4,006 | +2.9% |
| Equity | 10/15 | €46,780 | €88,433 | +€41,654 | +89.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €44,500 | €86,000 | +€41,500 | +93.3% |
| Distributable reserves | 133 | €44,500 | €86,000 | +€41,500 | +93.3% |
| Profit (loss) carried forward | 14 | €280 | €433 | +€154 | +55.0% |
| Amounts payable | 17/49 | €90,709 | €53,061 | -€37,647 | -41.5% |
| Amounts payable after more than one year | 17 | €7,922 | €3,886 | -€4,035 | -50.9% |
| Financial debts | 170/4 | €7,922 | €3,886 | -€4,035 | -50.9% |
| Amounts payable within one year | 42/48 | €82,787 | €48,997 | -€33,790 | -40.8% |
| Current portion of amounts payable after more than one year | 42 | €3,832 | €4,035 | +€203 | +5.3% |
| Trade debts | 44 | €16,249 | €19,851 | +€3,602 | +22.2% |
| Suppliers | 440/4 | €16,249 | €19,851 | +€3,602 | +22.2% |
| Taxes, remuneration and social security | 45 | €19,399 | €25,111 | +€5,712 | +29.4% |
| Taxes | 450/3 | €19,399 | €25,111 | +€5,712 | +29.4% |
| Other amounts payable | 47/48 | €43,306 | - | -€43,306 | |
| Accrued charges and deferred income | 492/3 | - | €178 | +€178 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,339 | €17,038 | -€1,302 | -7.1% |
| Other operating charges | 640/8 | €2,404 | €2,539 | +€135 | +5.6% |
| Gross operating margin | 9900 | €53,895 | €77,667 | +€23,773 | +44.1% |
| Operating profit (loss) | 9901 | €33,151 | €58,091 | +€24,940 | +75.2% |
| Financial income | 75/76B | €12 | - | -€12 | |
| Recurring financial income | 75 | €12 | - | -€12 | |
| Financial charges | 65/66B | €860 | €1,606 | +€746 | +86.7% |
| Recurring financial charges | 65 | €860 | €866 | +€6 | +0.7% |
| Non-recurring financial charges | 66B | - | €740 | +€740 | |
| Profit (loss) for the period before taxes | 9903 | €32,303 | €56,485 | +€24,182 | +74.9% |
| Income taxes | 67/77 | €7,170 | €14,831 | +€7,662 | +107% |
| Profit (loss) for the period | 9904 | €25,134 | €41,654 | +€16,520 | +65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,134 | €41,654 | +€16,520 | +65.7% |
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 26 October 2026 via checked.be.