VDG 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.
VDG SERVICES
Largest movements
- Cash -€13,022
down €13,022 (-16.7%), from €78,132 to €65,109
mainly Other debts (-€22,212) and Tax, wage and social debts (-€10,646)
- Receivables within one year +€10,601
up €10,601 (+64.0%), from €16,556 to €27,157
of which Trade receivables: +€10,192
- Tangible fixed assets +€2,480
up €2,480 (+597.8%), from €415 to €2,894
- Deferred charges and accrued income -€2,123
down €2,123 (-18.3%), from €11,592 to €9,469
- Other debts -€22,212
down €22,212 (-95.3%), from €23,309 to €1,096
- Reserves +€20,000
up €20,000 (+202.8%), from €9,860 to €29,860
of which Distributable reserves: +€20,000
- Tax, wage and social debts -€10,646
down €10,646 (-57.7%), from €18,442 to €7,796
of which Taxes: -€9,719
- Profit (loss) carried forward +€5,675
up €5,675 (+12.5%), from €45,566 to €51,241
- Trade debts +€5,119
up €5,119 (+154.3%), from €3,317 to €8,436
- Gross operating margin -€15,817
down €15,817 (-29.2%), from €54,196 to €38,379
- Depreciation -€1,693
down €1,693 (-69.6%), from €2,432 to €740
- Taxes -€1,232
down €1,232 (-10.4%), from €11,890 to €10,658
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 | €106,694 | €104,630 | -€2,065 | -1.9% |
| Fixed assets | 21/28 | €415 | €2,894 | +€2,480 | +597.8% |
| Tangible fixed assets | 22/27 | €415 | €2,894 | +€2,480 | +597.8% |
| Furniture and vehicles | 24 | €415 | €2,894 | +€2,480 | +597.8% |
| Current assets | 29/58 | €106,279 | €101,735 | -€4,544 | -4.3% |
| Amounts receivable within one year | 40/41 | €16,556 | €27,157 | +€10,601 | +64.0% |
| Trade receivables | 40 | €16,556 | €26,748 | +€10,192 | +61.6% |
| Other amounts receivable | 41 | - | €409 | +€409 | |
| Cash at bank and in hand | 54/58 | €78,132 | €65,109 | -€13,022 | -16.7% |
| Deferred charges and accrued income | 490/1 | €11,592 | €9,469 | -€2,123 | -18.3% |
| Total equity and liabilities | 10/49 | €106,694 | €104,630 | -€2,065 | -1.9% |
| Equity | 10/15 | €61,626 | €87,301 | +€25,675 | +41.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €9,860 | €29,860 | +€20,000 | +202.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €28,000 | +€20,000 | +250.0% |
| Profit (loss) carried forward | 14 | €45,566 | €51,241 | +€5,675 | +12.5% |
| Amounts payable | 17/49 | €45,068 | €17,329 | -€27,739 | -61.6% |
| Amounts payable within one year | 42/48 | €45,068 | €17,329 | -€27,739 | -61.6% |
| Trade debts | 44 | €3,317 | €8,436 | +€5,119 | +154.3% |
| Suppliers | 440/4 | €3,317 | €8,436 | +€5,119 | +154.3% |
| Taxes, remuneration and social security | 45 | €18,442 | €7,796 | -€10,646 | -57.7% |
| Taxes | 450/3 | €13,915 | €4,196 | -€9,719 | -69.8% |
| Remuneration and social security | 454/9 | €4,527 | €3,600 | -€927 | -20.5% |
| Other amounts payable | 47/48 | €23,309 | €1,096 | -€22,212 | -95.3% |
| Non-recurring operating income | 76A | €12,120 | - | -€12,120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,432 | €740 | -€1,693 | -69.6% |
| Other operating charges | 640/8 | €1,404 | €971 | -€433 | -30.8% |
| Non-recurring operating charges | 66A | - | €175 | +€175 | |
| Gross operating margin | 9900 | €54,196 | €38,379 | -€15,817 | -29.2% |
| Operating profit (loss) | 9901 | €50,360 | €36,493 | -€13,867 | -27.5% |
| Financial income | 75/76B | €138 | €441 | +€304 | +220.4% |
| Recurring financial income | 75 | €138 | €441 | +€304 | +220.4% |
| Financial charges | 65/66B | €87 | €602 | +€515 | +591.8% |
| Recurring financial charges | 65 | €87 | €602 | +€515 | +591.8% |
| Profit (loss) for the period before taxes | 9903 | €50,411 | €36,333 | -€14,078 | -27.9% |
| Income taxes | 67/77 | €11,890 | €10,658 | -€1,232 | -10.4% |
| Profit (loss) for the period | 9904 | €38,521 | €25,675 | -€12,846 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,521 | €25,675 | -€12,846 | -33.3% |
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 12 October 2026 via checked.be.