VdB 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 Solutions
Largest movements
- Receivables within one year +€82,957
up €82,957 (+348.8%), from €23,780 to €106,737
of which Other amounts receivable: +€60,665
- Receivables after one year -€59,112
down €59,112 (-100.0%), from €59,112 to €0
- Cash +€23,969
up €23,969 (+699.8%), from €3,425 to €27,394
mainly Receivables after one year (+€59,112) and Debts after one year (+€27,288)
- Tangible fixed assets +€12,000
up €12,000 (+4.5%), from €264,547 to €276,547
of which Land and buildings: +€13,750
- Debts after one year +€27,288
up €27,288 (+17.6%), from €154,981 to €182,269
- Trade debts +€20,535
up €20,535 (+120.0%), from €17,119 to €37,654
- Other debts +€8,033
up €8,033 (+189.9%), from €4,230 to €12,264
- Reserves +€7,062
up €7,062 (+4.2%), from €169,784 to €176,846
- Tax, wage and social debts -€6,411
down €6,411 (-88.2%), from €7,273 to €862
- Gross operating margin -€1,906
down €1,906 (-6.1%), from €31,310 to €29,404
- Depreciation +€1,121
up €1,121 (+13.0%), from €8,597 to €9,719
- Taxes -€979
down €979 (-30.7%), from €3,186 to €2,207
- Financial charges -€813
down €813 (-7.6%), from €10,747 to €9,934
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 | €375,594 | €436,685 | +€61,092 | +16.3% |
| Fixed assets | 21/28 | €269,921 | €286,104 | +€16,183 | +6.0% |
| Intangible fixed assets | 21 | €5,374 | €9,557 | +€4,183 | +77.8% |
| Tangible fixed assets | 22/27 | €264,547 | €276,547 | +€12,000 | +4.5% |
| Land and buildings | 22 | €259,678 | €273,428 | +€13,750 | +5.3% |
| Plant, machinery and equipment | 23 | €566 | €82 | -€484 | -85.5% |
| Furniture and vehicles | 24 | €4,303 | €3,037 | -€1,266 | -29.4% |
| Current assets | 29/58 | €105,673 | €150,582 | +€44,909 | +42.5% |
| Amounts receivable after more than one year | 29 | €59,112 | €0 | -€59,112 | -100.0% |
| Other amounts receivable | 291 | €59,112 | €0 | -€59,112 | -100.0% |
| Stocks and contracts in progress | 3 | €210 | €210 | = | 0.0% |
| Stocks | 30/36 | €210 | €210 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,780 | €106,737 | +€82,957 | +348.8% |
| Trade receivables | 40 | €19,273 | €41,565 | +€22,292 | +115.7% |
| Other amounts receivable | 41 | €4,507 | €65,172 | +€60,665 | +1346.0% |
| Cash at bank and in hand | 54/58 | €3,425 | €27,394 | +€23,969 | +699.8% |
| Deferred charges and accrued income | 490/1 | €19,145 | €16,240 | -€2,904 | -15.2% |
| Total equity and liabilities | 10/49 | €375,594 | €436,685 | +€61,092 | +16.3% |
| Equity | 10/15 | €172,284 | €179,346 | +€7,062 | +4.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €169,784 | €176,846 | +€7,062 | +4.2% |
| Distributable reserves | 133 | €169,784 | €176,846 | +€7,062 | +4.2% |
| Amounts payable | 17/49 | €203,310 | €257,340 | +€54,030 | +26.6% |
| Amounts payable after more than one year | 17 | €154,981 | €182,269 | +€27,288 | +17.6% |
| Financial debts | 170/4 | €154,981 | €182,269 | +€27,288 | +17.6% |
| Amounts payable within one year | 42/48 | €47,090 | €75,071 | +€27,980 | +59.4% |
| Current portion of amounts payable after more than one year | 42 | €18,468 | €21,760 | +€3,291 | +17.8% |
| Financial debts | 43 | - | €2,532 | +€2,532 | |
| Credit institutions | 430/8 | - | €2,532 | +€2,532 | |
| Trade debts | 44 | €17,119 | €37,654 | +€20,535 | +120.0% |
| Suppliers | 440/4 | €17,119 | €37,654 | +€20,535 | +120.0% |
| Taxes, remuneration and social security | 45 | €7,273 | €862 | -€6,411 | -88.2% |
| Taxes | 450/3 | €7,273 | €862 | -€6,411 | -88.2% |
| Other amounts payable | 47/48 | €4,230 | €12,264 | +€8,033 | +189.9% |
| Accrued charges and deferred income | 492/3 | €1,239 | €0 | -€1,239 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,597 | €9,719 | +€1,121 | +13.0% |
| Other operating charges | 640/8 | €2,064 | €2,058 | -€6 | -0.3% |
| Gross operating margin | 9900 | €31,310 | €29,404 | -€1,906 | -6.1% |
| Operating profit (loss) | 9901 | €20,648 | €17,627 | -€3,021 | -14.6% |
| Financial income | 75/76B | €1,535 | €1,575 | +€40 | +2.6% |
| Recurring financial income | 75 | €1,535 | €1,575 | +€40 | +2.6% |
| Financial charges | 65/66B | €10,747 | €9,934 | -€813 | -7.6% |
| Recurring financial charges | 65 | €10,747 | €9,934 | -€813 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €11,436 | €9,269 | -€2,168 | -19.0% |
| Income taxes | 67/77 | €3,186 | €2,207 | -€979 | -30.7% |
| Profit (loss) for the period | 9904 | €8,251 | €7,062 | -€1,188 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,251 | €7,062 | -€1,188 | -14.4% |
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 8 October 2026 via checked.be.