VDDTECH: 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.
VDDTECH
Largest movements
- Receivables within one year +€366,297
up €366,297 (+504.6%), from €72,597 to €438,894
of which Trade receivables: +€378,163
- Cash -€106,856
down €106,856 (-48.5%), from €220,313 to €113,457
mainly Receivables within one year (-€366,297) and Investment in fixed assets (net) (-€241,908)
- Intangible fixed assets -€52,207
down €52,207 (-5.3%), from €983,983 to €931,775
- Deferred charges and accrued income -€40,973
down €40,973 (-97.5%), from €42,036 to €1,063
- Tangible fixed assets -€18,675
down €18,675 (-100.0%), from €18,675 to €0
- Profit (loss) carried forward +€254,976
up €254,976, from -€136,002 to €118,974
- Investment grants -€116,624
down €116,624 (-29.0%), from €402,339 to €285,715
- Tax, wage and social debts +€26,046
up €26,046 (+508.8%), from €5,119 to €31,164
of which Remuneration and social security: +€26,459
- Trade debts -€21,711
down €21,711 (-95.0%), from €22,860 to €1,149
- Staff costs -€228,678
down €228,678 (-38.7%), from €590,215 to €361,537
- Gross operating margin -€68,159
down €68,159 (-6.8%), from €1.0m to €940,781
- Depreciation +€54,870
up €54,870 (+20.9%), from €262,820 to €317,690
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 | €1,342,503 | €1,485,189 | +€142,686 | +10.6% |
| Fixed assets | 21/28 | €1,007,558 | €931,775 | -€75,782 | -7.5% |
| Intangible fixed assets | 21 | €983,983 | €931,775 | -€52,207 | -5.3% |
| Tangible fixed assets | 22/27 | €18,675 | €0 | -€18,675 | -100.0% |
| Plant, machinery and equipment | 23 | €3,941 | €0 | -€3,941 | -100.0% |
| Furniture and vehicles | 24 | €7,116 | €0 | -€7,116 | -100.0% |
| Other tangible fixed assets | 26 | €7,618 | €0 | -€7,618 | -100.0% |
| Financial fixed assets | 28 | €4,900 | €0 | -€4,900 | -100.0% |
| Current assets | 29/58 | €334,945 | €553,413 | +€218,468 | +65.2% |
| Amounts receivable within one year | 40/41 | €72,597 | €438,894 | +€366,297 | +504.6% |
| Trade receivables | 40 | €0 | €378,163 | +€378,163 | |
| Other amounts receivable | 41 | €72,597 | €60,731 | -€11,866 | -16.3% |
| Cash at bank and in hand | 54/58 | €220,313 | €113,457 | -€106,856 | -48.5% |
| Deferred charges and accrued income | 490/1 | €42,036 | €1,063 | -€40,973 | -97.5% |
| Total equity and liabilities | 10/49 | €1,342,503 | €1,485,189 | +€142,686 | +10.6% |
| Equity | 10/15 | €480,217 | €618,569 | +€138,351 | +28.8% |
| Contributions | 10/11 | €213,880 | €213,880 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,002 | €118,974 | +€254,976 | |
| Investment grants | 15 | €402,339 | €285,715 | -€116,624 | -29.0% |
| Amounts payable | 17/49 | €862,285 | €866,620 | +€4,334 | +0.5% |
| Amounts payable within one year | 42/48 | €862,285 | €866,620 | +€4,334 | +0.5% |
| Trade debts | 44 | €22,860 | €1,149 | -€21,711 | -95.0% |
| Suppliers | 440/4 | €22,860 | €1,149 | -€21,711 | -95.0% |
| Taxes, remuneration and social security | 45 | €5,119 | €31,164 | +€26,046 | +508.8% |
| Taxes | 450/3 | €413 | €0 | -€413 | -100.0% |
| Remuneration and social security | 454/9 | €4,705 | €31,164 | +€26,459 | +562.3% |
| Other amounts payable | 47/48 | €834,307 | €834,307 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €590,215 | €361,537 | -€228,678 | -38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €262,820 | €317,690 | +€54,870 | +20.9% |
| Other operating charges | 640/8 | €5,892 | €5,398 | -€493 | -8.4% |
| Non-recurring operating charges | 66A | - | €1,035 | +€1,035 | |
| Gross operating margin | 9900 | €1,008,941 | €940,781 | -€68,159 | -6.8% |
| Operating profit (loss) | 9901 | €150,014 | €255,121 | +€105,107 | +70.1% |
| Financial income | 75/76B | €8,654 | €1,656 | -€6,998 | -80.9% |
| Recurring financial income | 75 | €8,654 | €1,656 | -€6,998 | -80.9% |
| Financial charges | 65/66B | €1,784 | €1,881 | +€98 | +5.5% |
| Recurring financial charges | 65 | €1,784 | €1,881 | +€98 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €156,885 | €254,896 | +€98,011 | +62.5% |
| Income taxes | 67/77 | €335 | -€79 | -€414 | |
| Profit (loss) for the period | 9904 | €156,550 | €254,976 | +€98,425 | +62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €156,550 | €254,976 | +€98,425 | +62.9% |
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 11 October 2026 via checked.be.