VDC SERVICES: 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.
VDC SERVICES
Largest movements
- Tangible fixed assets -€27,192
down €27,192 (-25.0%), from €108,766 to €81,574
of which Other tangible fixed assets: -€20,207
- Cash +€14,791
up €14,791 (+15.9%), from €92,893 to €107,684
mainly Other debts (+€29,490) and Depreciation (+€27,192)
- Other debts +€29,490
up €29,490 (+864.3%), from €3,412 to €32,902
- Reserves -€22,030
down €22,030 (-27.9%), from €79,070 to €57,040
- Current portion of long-term debt -€8,833
down €8,833 (-71.2%), from €12,407 to €3,574
- Tax, wage and social debts -€7,792
down €7,792 (-54.7%), from €14,250 to €6,457
of which Taxes: -€6,837
- Debts after one year -€3,574
down €3,574 (-100.0%), from €3,574 to €0
- Gross operating margin -€16,387
down €16,387 (-20.5%), from €79,898 to €63,511
- Taxes -€5,246
down €5,246 (-54.7%), from €9,594 to €4,347
- Staff costs +€2,859
up €2,859 (+17.6%), from €16,234 to €19,093
- Depreciation +€1,039
up €1,039 (+4.0%), from €26,152 to €27,192
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 | €209,315 | €198,102 | -€11,213 | -5.4% |
| Fixed assets | 21/28 | €108,766 | €81,574 | -€27,192 | -25.0% |
| Tangible fixed assets | 22/27 | €108,766 | €81,574 | -€27,192 | -25.0% |
| Land and buildings | 22 | €4,630 | €4,312 | -€318 | -6.9% |
| Plant, machinery and equipment | 23 | €162 | €0 | -€162 | -100.0% |
| Furniture and vehicles | 24 | €26,378 | €19,874 | -€6,504 | -24.7% |
| Other tangible fixed assets | 26 | €77,595 | €57,388 | -€20,207 | -26.0% |
| Current assets | 29/58 | €100,549 | €116,528 | +€15,979 | +15.9% |
| Stocks and contracts in progress | 3 | €1,575 | €1,204 | -€371 | -23.5% |
| Stocks | 30/36 | €1,575 | €1,204 | -€371 | -23.5% |
| Amounts receivable within one year | 40/41 | €4,950 | €6,551 | +€1,601 | +32.3% |
| Trade receivables | 40 | €4,857 | €5,398 | +€541 | +11.1% |
| Other amounts receivable | 41 | €93 | €1,153 | +€1,059 | +1136.2% |
| Cash at bank and in hand | 54/58 | €92,893 | €107,684 | +€14,791 | +15.9% |
| Deferred charges and accrued income | 490/1 | €1,130 | €1,089 | -€42 | -3.7% |
| Total equity and liabilities | 10/49 | €209,315 | €198,102 | -€11,213 | -5.4% |
| Equity | 10/15 | €175,522 | €153,496 | -€22,026 | -12.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €79,070 | €57,040 | -€22,030 | -27.9% |
| Distributable reserves | 133 | €79,070 | €57,040 | -€22,030 | -27.9% |
| Profit (loss) carried forward | 14 | €76,452 | €76,456 | +€4 | 0.0% |
| Amounts payable | 17/49 | €33,793 | €44,606 | +€10,813 | +32.0% |
| Amounts payable after more than one year | 17 | €3,574 | €0 | -€3,574 | -100.0% |
| Financial debts | 170/4 | €3,574 | €0 | -€3,574 | -100.0% |
| Amounts payable within one year | 42/48 | €30,219 | €44,606 | +€14,387 | +47.6% |
| Current portion of amounts payable after more than one year | 42 | €12,407 | €3,574 | -€8,833 | -71.2% |
| Financial debts | 43 | €73 | €14 | -€58 | -80.4% |
| Credit institutions | 430/8 | €73 | €14 | -€58 | -80.4% |
| Trade debts | 44 | €77 | €1,659 | +€1,581 | +2041.1% |
| Suppliers | 440/4 | €77 | €1,659 | +€1,581 | +2041.1% |
| Taxes, remuneration and social security | 45 | €14,250 | €6,457 | -€7,792 | -54.7% |
| Taxes | 450/3 | €10,327 | €3,490 | -€6,837 | -66.2% |
| Remuneration and social security | 454/9 | €3,923 | €2,967 | -€955 | -24.4% |
| Other amounts payable | 47/48 | €3,412 | €32,902 | +€29,490 | +864.3% |
| Non-recurring operating income | 76A | €737 | €0 | -€737 | -100.0% |
| Remuneration, social security and pensions | 62 | €16,234 | €19,093 | +€2,859 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,152 | €27,192 | +€1,039 | +4.0% |
| Other operating charges | 640/8 | €778 | €1,144 | +€367 | +47.1% |
| Gross operating margin | 9900 | €79,898 | €63,511 | -€16,387 | -20.5% |
| Operating profit (loss) | 9901 | €36,734 | €16,082 | -€20,652 | -56.2% |
| Financial income | 75/76B | €17 | €3 | -€14 | -85.1% |
| Recurring financial income | 75 | €17 | €3 | -€14 | -85.1% |
| Financial charges | 65/66B | €1,180 | €863 | -€317 | -26.8% |
| Recurring financial charges | 65 | €1,180 | €863 | -€317 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €35,571 | €15,221 | -€20,350 | -57.2% |
| Income taxes | 67/77 | €9,594 | €4,347 | -€5,246 | -54.7% |
| Profit (loss) for the period | 9904 | €25,977 | €10,874 | -€15,103 | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,977 | €10,874 | -€15,103 | -58.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.