VDH GROUPE: 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.
What changed
VDH GROUPE
NACE 82.100, Office administrative and support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€406,721
2024 · €1.3m-€899,404
Equity
€7.7m
2024 · €7.3m+€406,721
Cash
€84,905
2024 · €8,292+€76,613
Balance sheet total
€11.1m
2024 · €11.4m-€290,183
Largest movements
Assets
- Receivables within one year -€352,850
down €352,850 (-44.4%), from €794,676 to €441,827
of which Other amounts receivable: -€408,846
Equity and liabilities
- Debts after one year -€507,222
down €507,222 (-18.2%), from €2.8m to €2.3m
of which Financial debts: -€507,222
- Reserves +€406,721
up €406,721 (+7.8%), from €5.2m to €5.6m
of which Distributable reserves: +€406,721
- Other debts -€140,000
down €140,000 (-29.8%), from €470,000 to €330,000
Income statement
- Financial income -€981,856
down €981,856 (-70.4%), from €1.4m to €413,628
- Turnover +€217,684
up €217,684 (+31.3%), from €695,702 to €913,385
- Staff costs +€141,912
up €141,912 (+32.8%), from €432,951 to €574,862
- Financial charges -€30,839
down €30,839 (-21.3%), from €144,511 to €113,672
- Services and other goods +€20,684
up €20,684 (+28.9%), from €71,641 to €92,325
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.
Result 2024
€1.3m
Turnover
+€217,684
Other operating income
+€127
Goods and materials
-€3,341
Services and other goods
-€20,684
Staff costs
-€141,912
Other operating charges
-€34
Financial income
-€981,856
Financial charges
+€30,839
Taxes
-€228
Result 2025
€406,721
raises the resultlowers the result
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.
From operations
+€677,166
Investment
€0
Financing
-€600,552
Cash 2024
€8,292
From operations (derived)
+€677,166
Net result for the year
+€406,721
Depreciation
+€303
Receivables within one year
+€352,850
Deferred charges and accrued income
+€13,644
Trade debts
+€17,009
Tax, wage and social debts
+€52,349
Other debts
-€140,000
Accrued charges and deferred income
-€25,711
Financing
-€600,552
Debts after one year
-€507,222
Current portion of long-term debt
-€93,330
Cash 2025
€84,905
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,357,880 | €11,067,697 | -€290,183 | -2.6% |
| Fixed assets | 21/28 | €10,516,628 | €10,516,325 | -€303 | 0.0% |
| Tangible fixed assets | 22/27 | €650 | €347 | -€303 | -46.6% |
| Furniture and vehicles | 24 | €650 | €347 | -€303 | -46.6% |
| Financial fixed assets | 28 | €10,515,979 | €10,515,979 | = | 0.0% |
| Affiliated companies | 280/1 | €10,515,979 | €10,515,979 | = | 0.0% |
| Participating interests | 280 | €10,515,979 | €10,515,979 | = | 0.0% |
| Current assets | 29/58 | €841,252 | €551,371 | -€289,880 | -34.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €794,676 | €441,827 | -€352,850 | -44.4% |
| Trade receivables | 40 | €87,428 | €143,425 | +€55,996 | +64.0% |
| Other amounts receivable | 41 | €707,248 | €298,402 | -€408,846 | -57.8% |
| Cash at bank and in hand | 54/58 | €8,292 | €84,905 | +€76,613 | +924% |
| Deferred charges and accrued income | 490/1 | €38,284 | €24,639 | -€13,644 | -35.6% |
| Total equity and liabilities | 10/49 | €11,357,880 | €11,067,697 | -€290,183 | -2.6% |
| Equity | 10/15 | €7,287,247 | €7,693,968 | +€406,721 | +5.6% |
| Contributions | 10/11 | €2,098,728 | €2,098,728 | = | 0.0% |
| Capital | 10 | €2,098,728 | €2,098,728 | = | 0.0% |
| Issued capital | 100 | €2,098,728 | €2,098,728 | = | 0.0% |
| Reserves | 13 | €5,188,519 | €5,595,240 | +€406,721 | +7.8% |
| Non-distributable reserves | 130/1 | €209,873 | €209,873 | = | 0.0% |
| Legal reserve | 130 | €209,873 | €209,873 | = | 0.0% |
| Distributable reserves | 133 | €4,978,647 | €5,385,368 | +€406,721 | +8.2% |
| Amounts payable | 17/49 | €4,070,632 | €3,373,728 | -€696,904 | -17.1% |
| Amounts payable after more than one year | 17 | €2,789,756 | €2,282,534 | -€507,222 | -18.2% |
| Financial debts | 170/4 | €2,189,756 | €1,682,534 | -€507,222 | -23.2% |
| Credit institutions | 173 | €2,189,756 | €1,682,534 | -€507,222 | -23.2% |
| Other amounts payable | 178/9 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,189,271 | €1,025,300 | -€163,972 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €600,552 | €507,222 | -€93,330 | -15.5% |
| Trade debts | 44 | €17,660 | €34,670 | +€17,009 | +96.3% |
| Suppliers | 440/4 | €17,660 | €34,670 | +€17,009 | +96.3% |
| Taxes, remuneration and social security | 45 | €101,059 | €153,409 | +€52,349 | +51.8% |
| Taxes | 450/3 | €41,076 | €62,084 | +€21,009 | +51.1% |
| Remuneration and social security | 454/9 | €59,984 | €91,324 | +€31,341 | +52.2% |
| Other amounts payable | 47/48 | €470,000 | €330,000 | -€140,000 | -29.8% |
| Accrued charges and deferred income | 492/3 | €91,605 | €65,894 | -€25,711 | -28.1% |
| Operating income | 70/76A | €696,109 | €913,919 | +€217,810 | +31.3% |
| Turnover | 70 | €695,702 | €913,385 | +€217,684 | +31.3% |
| Other operating income | 74 | €407 | €534 | +€127 | +31.1% |
| Operating charges | 60/66A | €639,751 | €805,721 | +€165,970 | +25.9% |
| Goods for resale, raw materials and consumables | 60 | €133,698 | €137,039 | +€3,341 | +2.5% |
| Purchases | 600/8 | €133,698 | €137,039 | +€3,341 | +2.5% |
| Services and other goods | 61 | €71,641 | €92,325 | +€20,684 | +28.9% |
| Remuneration, social security and pensions | 62 | €432,951 | €574,862 | +€141,912 | +32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €303 | €303 | = | 0.0% |
| Other operating charges | 640/8 | €1,158 | €1,192 | +€34 | +2.9% |
| Operating profit (loss) | 9901 | €56,358 | €108,198 | +€51,840 | +92.0% |
| Financial income | 75/76B | €1,395,483 | €413,628 | -€981,856 | -70.4% |
| Recurring financial income | 75 | €1,395,483 | €413,628 | -€981,856 | -70.4% |
| Income from financial fixed assets | 750 | €1,358,197 | €390,000 | -€968,197 | -71.3% |
| Income from current assets | 751 | €37,286 | €23,622 | -€13,664 | -36.6% |
| Other financial income | 752/9 | - | €6 | +€6 | |
| Financial charges | 65/66B | €144,511 | €113,672 | -€30,839 | -21.3% |
| Recurring financial charges | 65 | €144,511 | €113,672 | -€30,839 | -21.3% |
| Debt charges | 650 | €144,377 | €113,511 | -€30,866 | -21.4% |
| Other financial charges | 652/9 | €134 | €160 | +€26 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €1,307,330 | €408,154 | -€899,176 | -68.8% |
| Income taxes | 67/77 | €1,205 | €1,433 | +€228 | +18.9% |
| Taxes | 670/3 | €1,205 | €1,433 | +€228 | +18.9% |
| Profit (loss) for the period | 9904 | €1,306,125 | €406,721 | -€899,404 | -68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,306,125 | €406,721 | -€899,404 | -68.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.