VDH BUILDINGS: 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.
VDH BUILDINGS
Largest movements
- Receivables within one year +€236,249
up €236,249 (+488%), from €48,400 to €284,649
of which Other amounts receivable: +€236,249
- Reserves +€385,329
up €385,329 (+35.1%), from €1.1m to €1.5m
of which Distributable reserves: +€385,329
- Current portion of long-term debt -€75,000
down €75,000 (-75.0%), from €100,000 to €25,000
- Other debts -€63,751
down €63,751 (-100%), from €63,751 to €0
- Debts after one year -€25,000
down €25,000 (-100%), from €25,000 to €0
- Financial income +€800,000
up €800,000 (+200%), from €400,000 to €1.2m
- Gross operating margin +€1,798
up €1,798 (+1.6%), from €114,459 to €116,257
- Financial charges -€1,540
down €1,540 (-52.5%), from €2,931 to €1,391
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 | €1,429,588 | €1,651,425 | +€221,836 | +15.5% |
| Fixed assets | 21/28 | €1,200,000 | €1,200,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,200,000 | €1,200,000 | = | 0.0% |
| Current assets | 29/58 | €229,588 | €451,425 | +€221,836 | +96.6% |
| Amounts receivable within one year | 40/41 | €48,400 | €284,649 | +€236,249 | +488% |
| Trade receivables | 40 | €48,400 | €48,400 | = | 0.0% |
| Other amounts receivable | 41 | - | €236,249 | +€236,249 | |
| Cash at bank and in hand | 54/58 | €181,188 | €166,776 | -€14,413 | -8.0% |
| Total equity and liabilities | 10/49 | €1,429,588 | €1,651,425 | +€221,836 | +15.5% |
| Equity | 10/15 | €1,198,504 | €1,583,833 | +€385,329 | +32.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,098,504 | €1,483,833 | +€385,329 | +35.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,098,504 | €1,483,833 | +€385,329 | +35.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €231,085 | €67,592 | -€163,493 | -70.8% |
| Amounts payable after more than one year | 17 | €25,000 | €0 | -€25,000 | -100% |
| Financial debts | 170/4 | €25,000 | €0 | -€25,000 | -100% |
| Amounts payable within one year | 42/48 | €206,084 | €67,592 | -€138,493 | -67.2% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €25,000 | -€75,000 | -75.0% |
| Trade debts | 44 | €37,462 | €36,878 | -€585 | -1.6% |
| Suppliers | 440/4 | €37,462 | €36,878 | -€585 | -1.6% |
| Taxes, remuneration and social security | 45 | €4,871 | €5,714 | +€842 | +17.3% |
| Taxes | 450/3 | €4,871 | €5,714 | +€842 | +17.3% |
| Other amounts payable | 47/48 | €63,751 | €0 | -€63,751 | -100% |
| Other operating charges | 640/8 | €1,125 | €1,094 | -€32 | -2.8% |
| Gross operating margin | 9900 | €114,459 | €116,257 | +€1,798 | +1.6% |
| Operating profit (loss) | 9901 | €113,334 | €115,164 | +€1,830 | +1.6% |
| Financial income | 75/76B | €400,000 | €1,200,000 | +€800,000 | +200% |
| Recurring financial income | 75 | €400,000 | €1,200,000 | +€800,000 | +200% |
| Financial charges | 65/66B | €2,931 | €1,391 | -€1,540 | -52.5% |
| Recurring financial charges | 65 | €2,931 | €1,391 | -€1,540 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €510,403 | €1,313,773 | +€803,370 | +157% |
| Income taxes | 67/77 | €27,601 | €28,443 | +€842 | +3.1% |
| Profit (loss) for the period | 9904 | €482,802 | €1,285,329 | +€802,527 | +166% |
| Profit (loss) for the period to be appropriated | 9905 | €482,802 | €1,285,329 | +€802,527 | +166% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.