VDF Services: 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 Services
Largest movements
- Receivables after one year +€25,000
new in 2025: €25,000
- Cash -€19,102
down €19,102 (-85.3%), from €22,388 to €3,286
mainly Receivables after one year (-€25,000) and Debts after one year (-€6,611)
- Tangible fixed assets -€10,937
down €10,937 (-49.2%), from €22,234 to €11,297
- Receivables within one year -€5,815
down €5,815 (-76.0%), from €7,648 to €1,834
- Deferred charges and accrued income +€649
up €649 (+120%), from €539 to €1,188
- Debts after one year -€6,611
down €6,611 (-32.9%), from €20,091 to €13,479
- Profit (loss) carried forward -€2,652
down €2,652 (-893%), from -€297 to -€2,949
- Tax, wage and social debts -€1,700
down €1,700 (-39.2%), from €4,332 to €2,632
- Other debts +€1,269
up €1,269 (+150%), from €845 to €2,113
- Trade debts -€595
down €595 (-22.7%), from €2,619 to €2,024
- Gross operating margin -€8,742
down €8,742 (-47.4%), from €18,453 to €9,712
- Taxes -€1,639
down €1,639 (-91.3%), from €1,795 to €156
- Other operating charges -€556
down €556 (-66.7%), from €833 to €277
- Depreciation +€268
up €268 (+2.5%), from €10,669 to €10,937
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 | €52,810 | €42,605 | -€10,205 | -19.3% |
| Fixed assets | 21/28 | €22,234 | €11,297 | -€10,937 | -49.2% |
| Tangible fixed assets | 22/27 | €22,234 | €11,297 | -€10,937 | -49.2% |
| Furniture and vehicles | 24 | €22,234 | €11,297 | -€10,937 | -49.2% |
| Current assets | 29/58 | €30,576 | €31,308 | +€732 | +2.4% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Other amounts receivable | 291 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €7,648 | €1,834 | -€5,815 | -76.0% |
| Trade receivables | 40 | €7,648 | €1,834 | -€5,815 | -76.0% |
| Cash at bank and in hand | 54/58 | €22,388 | €3,286 | -€19,102 | -85.3% |
| Deferred charges and accrued income | 490/1 | €539 | €1,188 | +€649 | +120% |
| Total equity and liabilities | 10/49 | €52,810 | €42,605 | -€10,205 | -19.3% |
| Equity | 10/15 | €18,397 | €15,745 | -€2,652 | -14.4% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €10,634 | €10,634 | = | 0.0% |
| Distributable reserves | 133 | €10,634 | €10,634 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€297 | -€2,949 | -€2,652 | -893% |
| Amounts payable | 17/49 | €34,413 | €26,860 | -€7,553 | -21.9% |
| Amounts payable after more than one year | 17 | €20,091 | €13,479 | -€6,611 | -32.9% |
| Financial debts | 170/4 | €20,091 | €13,479 | -€6,611 | -32.9% |
| Amounts payable within one year | 42/48 | €14,323 | €13,380 | -€942 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €6,527 | €6,611 | +€84 | +1.3% |
| Trade debts | 44 | €2,619 | €2,024 | -€595 | -22.7% |
| Suppliers | 440/4 | €2,619 | €2,024 | -€595 | -22.7% |
| Taxes, remuneration and social security | 45 | €4,332 | €2,632 | -€1,700 | -39.2% |
| Taxes | 450/3 | €4,332 | €2,632 | -€1,700 | -39.2% |
| Other amounts payable | 47/48 | €845 | €2,113 | +€1,269 | +150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,669 | €10,937 | +€268 | +2.5% |
| Other operating charges | 640/8 | €833 | €277 | -€556 | -66.7% |
| Gross operating margin | 9900 | €18,453 | €9,712 | -€8,742 | -47.4% |
| Operating profit (loss) | 9901 | €6,951 | -€1,503 | -€8,454 | |
| Financial income | 75/76B | €1 | €36 | +€35 | +2,882% |
| Recurring financial income | 75 | €1 | €36 | +€35 | +2,882% |
| Financial charges | 65/66B | €1,115 | €1,029 | -€86 | -7.7% |
| Recurring financial charges | 65 | €1,115 | €1,029 | -€86 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €5,838 | -€2,496 | -€8,334 | |
| Income taxes | 67/77 | €1,795 | €156 | -€1,639 | -91.3% |
| Profit (loss) for the period | 9904 | €4,043 | -€2,652 | -€6,695 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,043 | -€2,652 | -€6,695 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.