VDB Verhuizingen: 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 Verhuizingen
Largest movements
- Tangible fixed assets +€31,776
up €31,776 (+86.5%), from €36,717 to €68,493
of which Furniture and vehicles: +€38,010
- Cash +€18,453
up €18,453 (+19.8%), from €93,403 to €111,856
mainly Net result for the year (+€27,259) and Depreciation (+€27,036)
- Receivables within one year +€8,150
up €8,150 (+45.9%), from €17,761 to €25,911
of which Trade receivables: +€7,942
- Reserves +€27,259
up €27,259 (+43.3%), from €62,889 to €90,148
- Debts after one year +€15,546
new in 2025: €15,546
- Current portion of long-term debt +€12,222
up €12,222 (+1,176%), from €1,039 to €13,261
- Tax, wage and social debts +€9,819
up €9,819 (+24.2%), from €40,504 to €50,323
of which Taxes: +€6,198
- Other debts -€8,705
down €8,705 (-19.1%), from €45,486 to €36,781
- Staff costs +€26,147
up €26,147 (+115%), from €22,647 to €48,794
- Depreciation +€16,553
up €16,553 (+158%), from €10,484 to €27,036
- Taxes -€16,304
down €16,304 (-55.7%), from €29,247 to €12,943
- Financial charges +€3,905
up €3,905 (+174%), from €2,240 to €6,145
- Other operating charges +€2,480
up €2,480 (+62.9%), from €3,945 to €6,424
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 | €155,970 | €214,575 | +€58,605 | +37.6% |
| Fixed assets | 21/28 | €39,237 | €70,093 | +€30,856 | +78.6% |
| Tangible fixed assets | 22/27 | €36,717 | €68,493 | +€31,776 | +86.5% |
| Plant, machinery and equipment | 23 | €24,887 | €18,654 | -€6,234 | -25.0% |
| Furniture and vehicles | 24 | €11,829 | €49,839 | +€38,010 | +321% |
| Financial fixed assets | 28 | €2,520 | €1,600 | -€920 | -36.5% |
| Current assets | 29/58 | €116,733 | €144,482 | +€27,748 | +23.8% |
| Amounts receivable within one year | 40/41 | €17,761 | €25,911 | +€8,150 | +45.9% |
| Trade receivables | 40 | €17,761 | €25,703 | +€7,942 | +44.7% |
| Other amounts receivable | 41 | - | €208 | +€208 | |
| Cash at bank and in hand | 54/58 | €93,403 | €111,856 | +€18,453 | +19.8% |
| Deferred charges and accrued income | 490/1 | €5,569 | €6,714 | +€1,145 | +20.6% |
| Total equity and liabilities | 10/49 | €155,970 | €214,575 | +€58,605 | +37.6% |
| Equity | 10/15 | €65,889 | €93,148 | +€27,259 | +41.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €62,889 | €90,148 | +€27,259 | +43.3% |
| Distributable reserves | 133 | €62,889 | €90,148 | +€27,259 | +43.3% |
| Amounts payable | 17/49 | €90,081 | €121,426 | +€31,345 | +34.8% |
| Amounts payable after more than one year | 17 | - | €15,546 | +€15,546 | |
| Financial debts | 170/4 | - | €15,546 | +€15,546 | |
| Amounts payable within one year | 42/48 | €90,081 | €102,875 | +€12,794 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €1,039 | €13,261 | +€12,222 | +1,176% |
| Trade debts | 44 | €3,053 | €2,511 | -€542 | -17.8% |
| Suppliers | 440/4 | €3,053 | €2,511 | -€542 | -17.8% |
| Taxes, remuneration and social security | 45 | €40,504 | €50,323 | +€9,819 | +24.2% |
| Taxes | 450/3 | €35,992 | €42,190 | +€6,198 | +17.2% |
| Remuneration and social security | 454/9 | €4,512 | €8,133 | +€3,621 | +80.3% |
| Other amounts payable | 47/48 | €45,486 | €36,781 | -€8,705 | -19.1% |
| Accrued charges and deferred income | 492/3 | - | €3,005 | +€3,005 | |
| Non-recurring operating income | 76A | - | €11,597 | +€11,597 | |
| Remuneration, social security and pensions | 62 | €22,647 | €48,794 | +€26,147 | +115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,484 | €27,036 | +€16,553 | +158% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,272 | +€2,272 | |
| Other operating charges | 640/8 | €3,945 | €6,424 | +€2,480 | +62.9% |
| Gross operating margin | 9900 | €131,451 | €130,697 | -€754 | -0.6% |
| Operating profit (loss) | 9901 | €94,375 | €46,171 | -€48,204 | -51.1% |
| Financial income | 75/76B | €0 | €177 | +€176 | +40,958% |
| Recurring financial income | 75 | €0 | €177 | +€176 | +40,958% |
| Financial charges | 65/66B | €2,240 | €6,145 | +€3,905 | +174% |
| Recurring financial charges | 65 | €2,240 | €6,145 | +€3,905 | +174% |
| Profit (loss) for the period before taxes | 9903 | €92,136 | €40,202 | -€51,934 | -56.4% |
| Income taxes | 67/77 | €29,247 | €12,943 | -€16,304 | -55.7% |
| Profit (loss) for the period | 9904 | €62,889 | €27,259 | -€35,630 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,889 | €27,259 | -€35,630 | -56.7% |
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 21 October 2026 via checked.be.