VDE CLEAN: 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.
VDE CLEAN
Largest movements
- Cash +€58,613
up €58,613 (+15.4%), from €380,708 to €439,321
mainly Net result for the year (+€76,901) and Depreciation (+€11,642)
- Receivables within one year +€11,864
up €11,864 (+2.2%), from €531,738 to €543,602
of which Other amounts receivable: +€21,322
- Reserves +€76,901
up €76,901 (+8.9%), from €863,325 to €940,226
of which Distributable reserves: +€76,901
- Trade debts -€12,412
down €12,412 (-42.8%), from €28,980 to €16,569
- Staff costs -€44,227
down €44,227 (-20.9%), from €211,858 to €167,631
- Taxes +€13,377
up €13,377 (+76.3%), from €17,537 to €30,913
- Financial income +€5,329
up €5,329 (+33.5%), from €15,928 to €21,258
- Gross operating margin -€5,217
down €5,217 (-1.9%), from €279,590 to €274,373
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 | €976,189 | €1,039,889 | +€63,699 | +6.5% |
| Fixed assets | 21/28 | €61,050 | €54,272 | -€6,777 | -11.1% |
| Tangible fixed assets | 22/27 | €61,050 | €54,272 | -€6,777 | -11.1% |
| Land and buildings | 22 | €43,537 | €38,410 | -€5,127 | -11.8% |
| Plant, machinery and equipment | 23 | €6,920 | €7,195 | +€276 | +4.0% |
| Furniture and vehicles | 24 | €8,054 | €7,878 | -€176 | -2.2% |
| Other tangible fixed assets | 26 | €2,540 | €790 | -€1,750 | -68.9% |
| Current assets | 29/58 | €915,140 | €985,616 | +€70,477 | +7.7% |
| Amounts receivable within one year | 40/41 | €531,738 | €543,602 | +€11,864 | +2.2% |
| Trade receivables | 40 | €228,240 | €218,782 | -€9,458 | -4.1% |
| Other amounts receivable | 41 | €303,498 | €324,820 | +€21,322 | +7.0% |
| Cash at bank and in hand | 54/58 | €380,708 | €439,321 | +€58,613 | +15.4% |
| Deferred charges and accrued income | 490/1 | €2,694 | €2,694 | = | 0.0% |
| Total equity and liabilities | 10/49 | €976,189 | €1,039,889 | +€63,699 | +6.5% |
| Equity | 10/15 | €925,325 | €1,002,226 | +€76,901 | +8.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €863,325 | €940,226 | +€76,901 | +8.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €857,125 | €934,026 | +€76,901 | +9.0% |
| Amounts payable | 17/49 | €50,864 | €37,663 | -€13,201 | -26.0% |
| Amounts payable within one year | 42/48 | €50,374 | €37,172 | -€13,201 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €5,084 | - | -€5,084 | |
| Trade debts | 44 | €28,980 | €16,569 | -€12,412 | -42.8% |
| Suppliers | 440/4 | €28,980 | €16,569 | -€12,412 | -42.8% |
| Taxes, remuneration and social security | 45 | €16,309 | €20,604 | +€4,294 | +26.3% |
| Taxes | 450/3 | €1,574 | €6,000 | +€4,426 | +281.1% |
| Remuneration and social security | 454/9 | €14,735 | €14,604 | -€131 | -0.9% |
| Accrued charges and deferred income | 492/3 | €491 | €491 | = | 0.0% |
| Non-recurring operating income | 76A | - | €5,452 | +€5,452 | |
| Remuneration, social security and pensions | 62 | €211,858 | €167,631 | -€44,227 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,315 | €11,642 | +€2,327 | +25.0% |
| Other operating charges | 640/8 | €6,417 | €7,455 | +€1,038 | +16.2% |
| Gross operating margin | 9900 | €279,590 | €274,373 | -€5,217 | -1.9% |
| Operating profit (loss) | 9901 | €52,000 | €87,645 | +€35,644 | +68.5% |
| Financial income | 75/76B | €15,928 | €21,258 | +€5,329 | +33.5% |
| Recurring financial income | 75 | €15,928 | €21,258 | +€5,329 | +33.5% |
| Financial charges | 65/66B | €1,256 | €1,088 | -€168 | -13.4% |
| Recurring financial charges | 65 | €1,256 | €1,088 | -€168 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €66,673 | €107,814 | +€41,142 | +61.7% |
| Income taxes | 67/77 | €17,537 | €30,913 | +€13,377 | +76.3% |
| Profit (loss) for the period | 9904 | €49,136 | €76,901 | +€27,765 | +56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,136 | €76,901 | +€27,765 | +56.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.