VDD Forwarding: 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.
VDD Forwarding
Largest movements
- Receivables within one year +€256,759
up €256,759 (+44.7%), from €574,551 to €831,310
of which Other amounts receivable: +€226,829
- Tangible fixed assets +€188,764
up €188,764 (+310.0%), from €60,888 to €249,653
of which Land and buildings: +€127,820
- Other debts +€189,234
up €189,234 (+11576.7%), from €1,635 to €190,868
- Reserves +€131,543
up €131,543 (+32.4%), from €405,635 to €537,178
- Trade debts +€90,887
up €90,887 (+12.8%), from €708,640 to €799,527
- Tax, wage and social debts -€38,328
down €38,328 (-50.8%), from €75,426 to €37,098
- Debts after one year +€26,706
up €26,706 (+64.7%), from €41,278 to €67,984
- Gross operating margin +€67,348
up €67,348 (+19.4%), from €347,713 to €415,061
- Taxes -€38,468
down €38,468 (-51.1%), from €75,324 to €36,856
- Depreciation +€26,537
up €26,537 (+133.0%), from €19,950 to €46,487
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 | €1,277,552 | €1,699,536 | +€421,984 | +33.0% |
| Fixed assets | 21/28 | €60,888 | €249,653 | +€188,764 | +310.0% |
| Tangible fixed assets | 22/27 | €60,888 | €249,653 | +€188,764 | +310.0% |
| Land and buildings | 22 | - | €127,820 | +€127,820 | |
| Plant, machinery and equipment | 23 | - | €4,848 | +€4,848 | |
| Furniture and vehicles | 24 | - | €76,046 | +€76,046 | |
| Leasing and similar rights | 25 | €60,888 | €40,938 | -€19,950 | -32.8% |
| Current assets | 29/58 | €1,216,664 | €1,449,883 | +€233,219 | +19.2% |
| Amounts receivable within one year | 40/41 | €574,551 | €831,310 | +€256,759 | +44.7% |
| Trade receivables | 40 | €480,691 | €510,622 | +€29,930 | +6.2% |
| Other amounts receivable | 41 | €93,859 | €320,688 | +€226,829 | +241.7% |
| Current investments | 50/53 | €10,000 | €0 | -€10,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €630,937 | €616,342 | -€14,595 | -2.3% |
| Deferred charges and accrued income | 490/1 | €1,176 | €2,232 | +€1,056 | +89.8% |
| Total equity and liabilities | 10/49 | €1,277,552 | €1,699,536 | +€421,984 | +33.0% |
| Equity | 10/15 | €430,635 | €562,178 | +€131,543 | +30.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €405,635 | €537,178 | +€131,543 | +32.4% |
| Distributable reserves | 133 | €405,635 | €537,178 | +€131,543 | +32.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €846,917 | €1,137,358 | +€290,441 | +34.3% |
| Amounts payable after more than one year | 17 | €41,278 | €67,984 | +€26,706 | +64.7% |
| Financial debts | 170/4 | €41,278 | €67,984 | +€26,706 | +64.7% |
| Amounts payable within one year | 42/48 | €805,639 | €1,069,375 | +€263,735 | +32.7% |
| Current portion of amounts payable after more than one year | 42 | €19,940 | €39,579 | +€19,640 | +98.5% |
| Financial debts | 43 | - | €2,302 | +€2,302 | |
| Credit institutions | 430/8 | - | €2,302 | +€2,302 | |
| Trade debts | 44 | €708,640 | €799,527 | +€90,887 | +12.8% |
| Suppliers | 440/4 | €708,640 | €799,527 | +€90,887 | +12.8% |
| Taxes, remuneration and social security | 45 | €75,426 | €37,098 | -€38,328 | -50.8% |
| Taxes | 450/3 | €75,426 | €37,098 | -€38,328 | -50.8% |
| Other amounts payable | 47/48 | €1,635 | €190,868 | +€189,234 | +11576.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,950 | €46,487 | +€26,537 | +133.0% |
| Other operating charges | 640/8 | €6,934 | €8,244 | +€1,310 | +18.9% |
| Gross operating margin | 9900 | €347,713 | €415,061 | +€67,348 | +19.4% |
| Operating profit (loss) | 9901 | €320,829 | €360,331 | +€39,502 | +12.3% |
| Financial income | 75/76B | €1,552 | €27 | -€1,525 | -98.2% |
| Recurring financial income | 75 | €1,552 | €27 | -€1,525 | -98.2% |
| Financial charges | 65/66B | €2,167 | €2,960 | +€792 | +36.6% |
| Recurring financial charges | 65 | €2,167 | €2,960 | +€792 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | €320,214 | €357,399 | +€37,184 | +11.6% |
| Income taxes | 67/77 | €75,324 | €36,856 | -€38,468 | -51.1% |
| Profit (loss) for the period | 9904 | €244,890 | €320,543 | +€75,652 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €244,890 | €320,543 | +€75,652 | +30.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.