VDB TECHNIC SERVICES: 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 TECHNIC SERVICES
Largest movements
- Receivables within one year +€13,393
up €13,393 (+54.5%), from €24,576 to €37,969
of which Trade receivables: +€7,248
- Tangible fixed assets -€13,288
down €13,288 (-6.6%), from €200,012 to €186,724
of which Furniture and vehicles: -€7,027
- Reserves +€43,680
up €43,680 (+51.9%), from €84,210 to €127,890
- Other debts -€33,336
down €33,336 (-97.1%), from €34,336 to €1,000
- Debts after one year -€13,851
down €13,851 (-11.1%), from €124,948 to €111,096
- Trade debts +€2,956
up €2,956 (+470.1%), from €629 to €3,585
- Gross operating margin +€13,366
up €13,366 (+21.9%), from €61,026 to €74,393
- Depreciation -€7,473
down €7,473 (-38.4%), from €19,464 to €11,990
- Taxes +€1,758
up €1,758 (+18.4%), from €9,556 to €11,314
- Financial charges +€1,027
up €1,027 (+36.6%), from €2,809 to €3,836
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 | €288,314 | €287,436 | -€878 | -0.3% |
| Fixed assets | 21/28 | €200,012 | €186,724 | -€13,288 | -6.6% |
| Tangible fixed assets | 22/27 | €200,012 | €186,724 | -€13,288 | -6.6% |
| Land and buildings | 22 | €185,878 | €181,025 | -€4,854 | -2.6% |
| Plant, machinery and equipment | 23 | €3,995 | €2,587 | -€1,407 | -35.2% |
| Furniture and vehicles | 24 | €10,138 | €3,112 | -€7,027 | -69.3% |
| Current assets | 29/58 | €88,302 | €100,712 | +€12,410 | +14.1% |
| Amounts receivable within one year | 40/41 | €24,576 | €37,969 | +€13,393 | +54.5% |
| Trade receivables | 40 | €21,141 | €28,390 | +€7,248 | +34.3% |
| Other amounts receivable | 41 | €3,435 | €9,580 | +€6,145 | +178.9% |
| Cash at bank and in hand | 54/58 | €61,346 | €60,428 | -€918 | -1.5% |
| Deferred charges and accrued income | 490/1 | €2,381 | €2,315 | -€66 | -2.8% |
| Total equity and liabilities | 10/49 | €288,314 | €287,436 | -€878 | -0.3% |
| Equity | 10/15 | €104,670 | €148,350 | +€43,680 | +41.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €84,210 | €127,890 | +€43,680 | +51.9% |
| Distributable reserves | 133 | €84,210 | €127,890 | +€43,680 | +51.9% |
| Amounts payable | 17/49 | €183,644 | €139,086 | -€44,558 | -24.3% |
| Amounts payable after more than one year | 17 | €124,948 | €111,096 | -€13,851 | -11.1% |
| Financial debts | 170/4 | €124,948 | €111,096 | -€13,851 | -11.1% |
| Amounts payable within one year | 42/48 | €58,696 | €27,989 | -€30,707 | -52.3% |
| Current portion of amounts payable after more than one year | 42 | €13,598 | €13,851 | +€253 | +1.9% |
| Trade debts | 44 | €629 | €3,585 | +€2,956 | +470.1% |
| Suppliers | 440/4 | €629 | €3,585 | +€2,956 | +470.1% |
| Taxes, remuneration and social security | 45 | €10,134 | €9,553 | -€581 | -5.7% |
| Taxes | 450/3 | €10,134 | €9,553 | -€581 | -5.7% |
| Other amounts payable | 47/48 | €34,336 | €1,000 | -€33,336 | -97.1% |
| Non-recurring operating income | 76A | - | €6,967 | +€6,967 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,464 | €11,990 | -€7,473 | -38.4% |
| Other operating charges | 640/8 | €2,427 | €2,580 | +€153 | +6.3% |
| Gross operating margin | 9900 | €61,026 | €74,393 | +€13,366 | +21.9% |
| Operating profit (loss) | 9901 | €39,136 | €59,822 | +€20,686 | +52.9% |
| Financial income | 75/76B | €15 | €8 | -€7 | -45.9% |
| Recurring financial income | 75 | €15 | €8 | -€7 | -45.9% |
| Financial charges | 65/66B | €2,809 | €3,836 | +€1,027 | +36.6% |
| Recurring financial charges | 65 | €2,809 | €3,836 | +€1,027 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | €36,342 | €55,994 | +€19,653 | +54.1% |
| Income taxes | 67/77 | €9,556 | €11,314 | +€1,758 | +18.4% |
| Profit (loss) for the period | 9904 | €26,786 | €44,680 | +€17,894 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,786 | €44,680 | +€17,894 | +66.8% |
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 10 October 2026 via checked.be.