VDB-TEC: 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-TEC
Largest movements
- Receivables within one year +€17,560
up €17,560 (+93.6%), from €18,763 to €36,323
of which Other amounts receivable: +€12,999
- Cash -€4,456
down €4,456 (-88.8%), from €5,019 to €562
mainly Receivables within one year (-€17,560) and Tax, wage and social debts (-€5,893)
- Deferred charges and accrued income -€3,899
down €3,899 (-38.1%), from €10,227 to €6,328
- Tangible fixed assets -€2,341
down €2,341 (-24.2%), from €9,681 to €7,340
of which Furniture and vehicles: -€1,493
- Profit (loss) carried forward +€12,258
up €12,258 (+180.3%), from €6,800 to €19,058
- Tax, wage and social debts -€5,893
down €5,893 (-26.3%), from €22,383 to €16,489
of which Taxes: -€3,091
- Accrued charges and deferred income +€539
up €539 (+32.0%), from €1,685 to €2,223
- Gross operating margin +€12,963
up €12,963 (+97.8%), from €13,253 to €26,216
- Taxes +€2,869
up €2,869 (+82.4%), from €3,482 to €6,351
- Other operating charges -€1,049
down €1,049 (-25.5%), from €4,106 to €3,057
- Depreciation -€609
down €609 (-13.5%), from €4,508 to €3,899
- Financial income +€602
up €602 (+415.8%), from €145 to €747
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 | €43,690 | €50,554 | +€6,864 | +15.7% |
| Fixed assets | 21/28 | €9,681 | €7,340 | -€2,341 | -24.2% |
| Tangible fixed assets | 22/27 | €9,681 | €7,340 | -€2,341 | -24.2% |
| Plant, machinery and equipment | 23 | €4,928 | €4,080 | -€848 | -17.2% |
| Furniture and vehicles | 24 | €4,753 | €3,260 | -€1,493 | -31.4% |
| Current assets | 29/58 | €34,009 | €43,214 | +€9,205 | +27.1% |
| Amounts receivable within one year | 40/41 | €18,763 | €36,323 | +€17,560 | +93.6% |
| Trade receivables | 40 | €14,498 | €19,060 | +€4,561 | +31.5% |
| Other amounts receivable | 41 | €4,264 | €17,264 | +€12,999 | +304.8% |
| Cash at bank and in hand | 54/58 | €5,019 | €562 | -€4,456 | -88.8% |
| Deferred charges and accrued income | 490/1 | €10,227 | €6,328 | -€3,899 | -38.1% |
| Total equity and liabilities | 10/49 | €43,690 | €50,554 | +€6,864 | +15.7% |
| Equity | 10/15 | €10,800 | €23,058 | +€12,258 | +113.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,800 | €19,058 | +€12,258 | +180.3% |
| Amounts payable | 17/49 | €32,890 | €27,495 | -€5,394 | -16.4% |
| Amounts payable within one year | 42/48 | €31,205 | €25,272 | -€5,933 | -19.0% |
| Trade debts | 44 | €8,822 | €8,783 | -€40 | -0.5% |
| Suppliers | 440/4 | €8,822 | €8,783 | -€40 | -0.5% |
| Taxes, remuneration and social security | 45 | €22,383 | €16,489 | -€5,893 | -26.3% |
| Taxes | 450/3 | €19,581 | €16,489 | -€3,091 | -15.8% |
| Remuneration and social security | 454/9 | €2,802 | - | -€2,802 | |
| Accrued charges and deferred income | 492/3 | €1,685 | €2,223 | +€539 | +32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,508 | €3,899 | -€609 | -13.5% |
| Other operating charges | 640/8 | €4,106 | €3,057 | -€1,049 | -25.5% |
| Gross operating margin | 9900 | €13,253 | €26,216 | +€12,963 | +97.8% |
| Operating profit (loss) | 9901 | €4,639 | €19,260 | +€14,620 | +315.1% |
| Financial income | 75/76B | €145 | €747 | +€602 | +415.8% |
| Recurring financial income | 75 | €145 | €747 | +€602 | +415.8% |
| Financial charges | 65/66B | €1,591 | €1,398 | -€193 | -12.1% |
| Recurring financial charges | 65 | €1,591 | €1,398 | -€193 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €3,193 | €18,609 | +€15,415 | +482.7% |
| Income taxes | 67/77 | €3,482 | €6,351 | +€2,869 | +82.4% |
| Profit (loss) for the period | 9904 | -€288 | €12,258 | +€12,546 | |
| Profit (loss) for the period to be appropriated | 9905 | -€288 | €12,258 | +€12,546 |
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 6 October 2026 via checked.be.