VDG Solutions: 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 Solutions
Largest movements
- Cash +€39,836
up €39,836 (+92.4%), from €43,119 to €82,955
mainly Net result for the year (+€64,188) and Depreciation (+€26,558)
- Tangible fixed assets -€26,558
down €26,558 (-7.8%), from €340,018 to €313,460
of which Furniture and vehicles: -€20,100
- Receivables after one year -€20,000
down €20,000 (-100%), from €20,000 to €0
- Deferred charges and accrued income -€7,532
down €7,532 (-15.6%), from €48,153 to €40,621
- Reserves +€121,916
up €121,916 (+673%), from €18,116 to €140,033
- Profit (loss) carried forward -€57,728
down €57,728 (-100%), from €57,728 to €0
- Debts after one year -€52,542
down €52,542 (-21.2%), from €247,697 to €195,155
of which Other amounts payable: -€29,506
- Tax, wage and social debts -€11,246
down €11,246 (-31.4%), from €35,856 to €24,611
- Other debts -€11,044
down €11,044 (-23.2%), from €47,569 to €36,526
- Gross operating margin +€21,158
up €21,158 (+20.1%), from €105,128 to €126,286
- Depreciation +€8,085
up €8,085 (+43.8%), from €18,474 to €26,558
- Financial charges +€5,403
up €5,403 (+46.9%), from €11,520 to €16,923
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 | €488,770 | €478,246 | -€10,524 | -2.2% |
| Fixed assets | 21/28 | €340,018 | €313,460 | -€26,558 | -7.8% |
| Tangible fixed assets | 22/27 | €340,018 | €313,460 | -€26,558 | -7.8% |
| Land and buildings | 22 | €251,534 | €245,076 | -€6,459 | -2.6% |
| Furniture and vehicles | 24 | €88,484 | €68,384 | -€20,100 | -22.7% |
| Current assets | 29/58 | €148,752 | €164,786 | +€16,034 | +10.8% |
| Amounts receivable after more than one year | 29 | €20,000 | €0 | -€20,000 | -100% |
| Other amounts receivable | 291 | €20,000 | €0 | -€20,000 | -100% |
| Amounts receivable within one year | 40/41 | €37,480 | €41,210 | +€3,730 | +10.0% |
| Trade receivables | 40 | €37,480 | €39,481 | +€2,002 | +5.3% |
| Other amounts receivable | 41 | - | €1,728 | +€1,728 | |
| Cash at bank and in hand | 54/58 | €43,119 | €82,955 | +€39,836 | +92.4% |
| Deferred charges and accrued income | 490/1 | €48,153 | €40,621 | -€7,532 | -15.6% |
| Total equity and liabilities | 10/49 | €488,770 | €478,246 | -€10,524 | -2.2% |
| Equity | 10/15 | €80,844 | €145,033 | +€64,188 | +79.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,116 | €140,033 | +€121,916 | +673% |
| Distributable reserves | 133 | €18,116 | €140,033 | +€121,916 | +673% |
| Profit (loss) carried forward | 14 | €57,728 | €0 | -€57,728 | -100% |
| Amounts payable | 17/49 | €407,926 | €333,213 | -€74,713 | -18.3% |
| Amounts payable after more than one year | 17 | €247,697 | €195,155 | -€52,542 | -21.2% |
| Financial debts | 170/4 | €169,653 | €146,617 | -€23,036 | -13.6% |
| Other amounts payable | 178/9 | €78,044 | €48,538 | -€29,506 | -37.8% |
| Amounts payable within one year | 42/48 | €159,174 | €137,008 | -€22,165 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €50,836 | €52,542 | +€1,706 | +3.4% |
| Trade debts | 44 | €24,912 | €23,330 | -€1,582 | -6.4% |
| Suppliers | 440/4 | €24,912 | €23,330 | -€1,582 | -6.4% |
| Taxes, remuneration and social security | 45 | €35,856 | €24,611 | -€11,246 | -31.4% |
| Taxes | 450/3 | €35,856 | €24,611 | -€11,246 | -31.4% |
| Other amounts payable | 47/48 | €47,569 | €36,526 | -€11,044 | -23.2% |
| Accrued charges and deferred income | 492/3 | €1,055 | €1,050 | -€5 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,474 | €26,558 | +€8,085 | +43.8% |
| Other operating charges | 640/8 | €1,932 | €1,887 | -€44 | -2.3% |
| Gross operating margin | 9900 | €105,128 | €126,286 | +€21,158 | +20.1% |
| Operating profit (loss) | 9901 | €84,723 | €97,840 | +€13,118 | +15.5% |
| Financial income | 75/76B | €970 | €683 | -€286 | -29.5% |
| Recurring financial income | 75 | €970 | €683 | -€286 | -29.5% |
| Financial charges | 65/66B | €11,520 | €16,923 | +€5,403 | +46.9% |
| Recurring financial charges | 65 | €11,520 | €16,923 | +€5,403 | +46.9% |
| Profit (loss) for the period before taxes | 9903 | €74,172 | €81,601 | +€7,429 | +10.0% |
| Income taxes | 67/77 | €16,444 | €17,413 | +€969 | +5.9% |
| Profit (loss) for the period | 9904 | €57,728 | €64,188 | +€6,460 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €57,728 | €64,188 | +€6,460 | +11.2% |
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.