VDBS-BEVEILIGING: 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.
VDBS-BEVEILIGING
Largest movements
- Cash +€180,921
up €180,921 (+74.4%), from €243,297 to €424,217
mainly Net result for the year (+€144,722) and Depreciation (+€50,353)
- Tangible fixed assets -€52,063
down €52,063 (-23.2%), from €224,868 to €172,805
of which Furniture and vehicles: -€29,877
- Receivables within one year -€32,321
down €32,321 (-24.1%), from €133,908 to €101,587
of which Other amounts receivable: -€38,768
- Reserves +€86,722
up €86,722 (+14.7%), from €590,008 to €676,730
- Trade debts +€43,780
up €43,780 (+108%), from €40,586 to €84,366
- Debts after one year -€21,092
down €21,092 (-43.7%), from €48,289 to €27,197
- Current portion of long-term debt -€17,082
down €17,082 (-44.7%), from €38,174 to €21,092
- Gross operating margin -€19,250
down €19,250 (-2.8%), from €693,222 to €673,972
- Taxes -€7,904
down €7,904 (-11.2%), from €70,669 to €62,765
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 | €794,492 | €882,477 | +€87,985 | +11.1% |
| Fixed assets | 21/28 | €226,461 | €174,184 | -€52,277 | -23.1% |
| Intangible fixed assets | 21 | €1,543 | €1,329 | -€215 | -13.9% |
| Tangible fixed assets | 22/27 | €224,868 | €172,805 | -€52,063 | -23.2% |
| Land and buildings | 22 | €5,230 | €3,222 | -€2,008 | -38.4% |
| Plant, machinery and equipment | 23 | €116,495 | €102,427 | -€14,068 | -12.1% |
| Furniture and vehicles | 24 | €72,595 | €42,718 | -€29,877 | -41.2% |
| Leasing and similar rights | 25 | €30,547 | €24,438 | -€6,109 | -20.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €568,031 | €708,293 | +€140,262 | +24.7% |
| Stocks and contracts in progress | 3 | €178,906 | €171,382 | -€7,524 | -4.2% |
| Stocks | 30/36 | €178,906 | €171,382 | -€7,524 | -4.2% |
| Amounts receivable within one year | 40/41 | €133,908 | €101,587 | -€32,321 | -24.1% |
| Trade receivables | 40 | €89,836 | €96,283 | +€6,447 | +7.2% |
| Other amounts receivable | 41 | €44,072 | €5,304 | -€38,768 | -88.0% |
| Cash at bank and in hand | 54/58 | €243,297 | €424,217 | +€180,921 | +74.4% |
| Deferred charges and accrued income | 490/1 | €11,921 | €11,107 | -€814 | -6.8% |
| Total equity and liabilities | 10/49 | €794,492 | €882,477 | +€87,985 | +11.1% |
| Equity | 10/15 | €608,608 | €695,330 | +€86,722 | +14.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €590,008 | €676,730 | +€86,722 | +14.7% |
| Distributable reserves | 133 | €590,008 | €676,730 | +€86,722 | +14.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €185,884 | €187,147 | +€1,263 | +0.7% |
| Amounts payable after more than one year | 17 | €48,289 | €27,197 | -€21,092 | -43.7% |
| Financial debts | 170/4 | €48,289 | €27,197 | -€21,092 | -43.7% |
| Amounts payable within one year | 42/48 | €137,595 | €159,950 | +€22,355 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €38,174 | €21,092 | -€17,082 | -44.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €40,586 | €84,366 | +€43,780 | +108% |
| Suppliers | 440/4 | €40,586 | €84,366 | +€43,780 | +108% |
| Taxes, remuneration and social security | 45 | €58,372 | €54,010 | -€4,362 | -7.5% |
| Taxes | 450/3 | €21,576 | €16,582 | -€4,994 | -23.1% |
| Remuneration and social security | 454/9 | €36,796 | €37,428 | +€632 | +1.7% |
| Other amounts payable | 47/48 | €463 | €482 | +€19 | +4.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €5,599 | €26,302 | +€20,703 | +370% |
| Remuneration, social security and pensions | 62 | €410,845 | €412,021 | +€1,176 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,164 | €50,353 | -€5,811 | -10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€367 | €0 | +€367 | |
| Other operating charges | 640/8 | €3,619 | €2,625 | -€994 | -27.5% |
| Gross operating margin | 9900 | €693,222 | €673,972 | -€19,250 | -2.8% |
| Operating profit (loss) | 9901 | €222,960 | €208,972 | -€13,988 | -6.3% |
| Financial income | 75/76B | €2,734 | €1,594 | -€1,140 | -41.7% |
| Recurring financial income | 75 | €2,734 | €1,594 | -€1,140 | -41.7% |
| Financial charges | 65/66B | €4,445 | €3,078 | -€1,367 | -30.7% |
| Recurring financial charges | 65 | €4,445 | €3,078 | -€1,367 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €221,248 | €207,487 | -€13,761 | -6.2% |
| Income taxes | 67/77 | €70,669 | €62,765 | -€7,904 | -11.2% |
| Profit (loss) for the period | 9904 | €150,579 | €144,722 | -€5,857 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €150,579 | €144,722 | -€5,857 | -3.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.