VDH Attractions: what changed
VDH Attractions
Largest movements
- Receivables within one year -€17,322
down €17,322 (-45.5%), from €38,112 to €20,790
of which Trade receivables: -€15,095
- Tangible fixed assets -€16,599
down €16,599 (-16.5%), from €100,343 to €83,744
of which Plant, machinery and equipment: -€10,701
- Cash -€10,056
down €10,056 (-26.6%), from €37,790 to €27,734
mainly Net result for the year (-€20,106) and Investment in fixed assets (net) (-€19,544)
- Intangible fixed assets -€7,106
down €7,106 (-65.1%), from €10,918 to €3,812
- Deferred charges and accrued income -€5,187
down €5,187 (-43.8%), from €11,840 to €6,653
- Debts after one year -€16,766
down €16,766 (-38.1%), from €43,987 to €27,222
- Reserves -€14,000
down €14,000 (-29.8%), from €47,000 to €33,000
of which Distributable reserves: -€14,000
- Trade debts -€9,278
down €9,278 (-17.9%), from €51,781 to €42,503
- Profit (loss) carried forward -€6,106
down €6,106, from €1,131 to -€4,975
- Other debts -€5,895
down €5,895 (-98.8%), from €5,964 to €69
- Gross operating margin -€43,014
down €43,014 (-24.3%), from €177,221 to €134,207
- Depreciation -€6,384
down €6,384 (-12.9%), from €49,633 to €43,249
- Staff costs -€4,360
down €4,360 (-4.2%), from €102,809 to €98,449
- Other operating charges -€3,409
down €3,409 (-35.0%), from €9,738 to €6,329
- Taxes -€2,684
down €2,684 (-100.0%), from €2,685 to €1
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €206,563 | €153,348 | -€53,215 | -25.8% |
| Fixed assets | 21/28 | €111,411 | €87,705 | -€23,705 | -21.3% |
| Intangible fixed assets | 21 | €10,918 | €3,812 | -€7,106 | -65.1% |
| Tangible fixed assets | 22/27 | €100,343 | €83,744 | -€16,599 | -16.5% |
| Plant, machinery and equipment | 23 | €67,047 | €56,346 | -€10,701 | -16.0% |
| Furniture and vehicles | 24 | €12,485 | €8,202 | -€4,284 | -34.3% |
| Leasing and similar rights | 25 | €1,800 | €600 | -€1,200 | -66.7% |
| Other tangible fixed assets | 26 | €19,010 | €18,596 | -€415 | -2.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €95,152 | €65,643 | -€29,510 | -31.0% |
| Stocks and contracts in progress | 3 | €7,411 | €10,466 | +€3,055 | +41.2% |
| Stocks | 30/36 | €7,411 | €10,466 | +€3,055 | +41.2% |
| Amounts receivable within one year | 40/41 | €38,112 | €20,790 | -€17,322 | -45.5% |
| Trade receivables | 40 | €27,829 | €12,734 | -€15,095 | -54.2% |
| Other amounts receivable | 41 | €10,283 | €8,056 | -€2,227 | -21.7% |
| Cash at bank and in hand | 54/58 | €37,790 | €27,734 | -€10,056 | -26.6% |
| Deferred charges and accrued income | 490/1 | €11,840 | €6,653 | -€5,187 | -43.8% |
| Total equity and liabilities | 10/49 | €206,563 | €153,348 | -€53,215 | -25.8% |
| Equity | 10/15 | €73,131 | €53,025 | -€20,106 | -27.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €47,000 | €33,000 | -€14,000 | -29.8% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €44,500 | €30,500 | -€14,000 | -31.5% |
| Profit (loss) carried forward | 14 | €1,131 | -€4,975 | -€6,106 | |
| Amounts payable | 17/49 | €133,432 | €100,323 | -€33,109 | -24.8% |
| Amounts payable after more than one year | 17 | €43,987 | €27,222 | -€16,766 | -38.1% |
| Financial debts | 170/4 | €43,987 | €27,222 | -€16,766 | -38.1% |
| Amounts payable within one year | 42/48 | €89,445 | €73,101 | -€16,343 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €17,102 | €16,766 | -€336 | -2.0% |
| Trade debts | 44 | €51,781 | €42,503 | -€9,278 | -17.9% |
| Suppliers | 440/4 | €51,781 | €42,503 | -€9,278 | -17.9% |
| Taxes, remuneration and social security | 45 | €14,598 | €13,764 | -€834 | -5.7% |
| Taxes | 450/3 | €8,998 | €9,764 | +€765 | +8.5% |
| Remuneration and social security | 454/9 | €5,599 | €4,000 | -€1,599 | -28.6% |
| Other amounts payable | 47/48 | €5,964 | €69 | -€5,895 | -98.8% |
| Non-recurring operating income | 76A | €7,839 | - | -€7,839 | |
| Remuneration, social security and pensions | 62 | €102,809 | €98,449 | -€4,360 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,633 | €43,249 | -€6,384 | -12.9% |
| Other operating charges | 640/8 | €9,738 | €6,329 | -€3,409 | -35.0% |
| Gross operating margin | 9900 | €177,221 | €134,207 | -€43,014 | -24.3% |
| Operating profit (loss) | 9901 | €15,041 | -€13,820 | -€28,861 | |
| Financial income | 75/76B | €453 | €445 | -€8 | -1.8% |
| Recurring financial income | 75 | €453 | €445 | -€8 | -1.8% |
| Financial charges | 65/66B | €7,175 | €6,730 | -€445 | -6.2% |
| Recurring financial charges | 65 | €7,175 | €6,730 | -€445 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €8,319 | -€20,105 | -€28,424 | |
| Income taxes | 67/77 | €2,685 | €1 | -€2,684 | -100.0% |
| Profit (loss) for the period | 9904 | €5,634 | -€20,106 | -€25,740 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,634 | -€20,106 | -€25,740 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.