VDF Informatics: 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.
VDF Informatics
Largest movements
- Tangible fixed assets +€80,353
up €80,353 (+264%), from €30,419 to €110,772
of which Furniture and vehicles: +€83,860
- Cash +€12,151
up €12,151 (+17.1%), from €70,995 to €83,146
mainly Debts after one year (+€51,938) and Net result for the year (+€44,870)
- Receivables after one year -€6,070
down €6,070 (-49.7%), from €12,213 to €6,142
- Debts after one year +€51,938
new in 2025: €51,938
- Reserves +€24,870
up €24,870 (+26.0%), from €95,687 to €120,557
- Current portion of long-term debt +€16,695
new in 2025: €16,695
- Tax, wage and social debts -€3,578
down €3,578 (-40.3%), from €8,882 to €5,304
- Gross operating margin +€9,464
up €9,464 (+16.0%), from €59,139 to €68,603
- Depreciation +€1,206
up €1,206 (+21.3%), from €5,673 to €6,879
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 | €136,890 | €225,133 | +€88,243 | +64.5% |
| Fixed assets | 21/28 | €30,419 | €110,772 | +€80,353 | +264% |
| Tangible fixed assets | 22/27 | €30,419 | €110,772 | +€80,353 | +264% |
| Furniture and vehicles | 24 | €3,568 | €87,428 | +€83,860 | +2,351% |
| Other tangible fixed assets | 26 | €26,852 | €23,344 | -€3,507 | -13.1% |
| Current assets | 29/58 | €106,471 | €114,360 | +€7,890 | +7.4% |
| Amounts receivable after more than one year | 29 | €12,213 | €6,142 | -€6,070 | -49.7% |
| Other amounts receivable | 291 | €12,213 | €6,142 | -€6,070 | -49.7% |
| Amounts receivable within one year | 40/41 | €22,835 | €22,465 | -€371 | -1.6% |
| Trade receivables | 40 | €15,848 | €14,625 | -€1,223 | -7.7% |
| Other amounts receivable | 41 | €6,987 | €7,839 | +€852 | +12.2% |
| Cash at bank and in hand | 54/58 | €70,995 | €83,146 | +€12,151 | +17.1% |
| Deferred charges and accrued income | 490/1 | €427 | €2,607 | +€2,180 | +510% |
| Total equity and liabilities | 10/49 | €136,890 | €225,133 | +€88,243 | +64.5% |
| Equity | 10/15 | €97,687 | €122,557 | +€24,870 | +25.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €95,687 | €120,557 | +€24,870 | +26.0% |
| Distributable reserves | 133 | €95,687 | €120,557 | +€24,870 | +26.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €39,203 | €102,575 | +€63,373 | +162% |
| Amounts payable after more than one year | 17 | - | €51,938 | +€51,938 | |
| Financial debts | 170/4 | - | €51,938 | +€51,938 | |
| Amounts payable within one year | 42/48 | €39,203 | €50,637 | +€11,435 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | - | €16,695 | +€16,695 | |
| Trade debts | 44 | €833 | €1,000 | +€167 | +20.1% |
| Suppliers | 440/4 | €833 | €1,000 | +€167 | +20.1% |
| Taxes, remuneration and social security | 45 | €8,882 | €5,304 | -€3,578 | -40.3% |
| Taxes | 450/3 | €8,882 | €5,304 | -€3,578 | -40.3% |
| Other amounts payable | 47/48 | €29,488 | €27,639 | -€1,849 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,673 | €6,879 | +€1,206 | +21.3% |
| Other operating charges | 640/8 | €495 | €465 | -€30 | -6.0% |
| Gross operating margin | 9900 | €59,139 | €68,603 | +€9,464 | +16.0% |
| Operating profit (loss) | 9901 | €52,971 | €61,259 | +€8,288 | +15.6% |
| Financial income | 75/76B | €531 | €674 | +€144 | +27.1% |
| Recurring financial income | 75 | €531 | €674 | +€144 | +27.1% |
| Financial charges | 65/66B | €1,364 | €1,928 | +€564 | +41.4% |
| Recurring financial charges | 65 | €1,364 | €1,928 | +€564 | +41.4% |
| Profit (loss) for the period before taxes | 9903 | €52,138 | €60,005 | +€7,867 | +15.1% |
| Income taxes | 67/77 | €14,981 | €15,135 | +€154 | +1.0% |
| Profit (loss) for the period | 9904 | €37,157 | €44,870 | +€7,713 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,157 | €44,870 | +€7,713 | +20.8% |
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 26 October 2026 via checked.be.