VDH Networking: what changed
Two fiscal 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 Networking
Largest movements
- Cash +€59,583
up €59,583 (+643.8%), from €9,255 to €68,837
mainly Trade debts (+€99,869) and Debts after one year (+€35,933)
- Receivables within one year +€57,143
up €57,143 (+445.8%), from €12,817 to €69,960
of which Trade receivables: +€66,916
- Tangible fixed assets +€47,140
up €47,140 (+329.7%), from €14,300 to €61,440
of which Plant, machinery and equipment: +€50,000
- Trade debts +€99,869
new in 2025: €99,869
- Debts after one year +€35,933
up €35,933 (+413.2%), from €8,697 to €44,629
- Reserves +€23,500
new in 2025: €23,500
- Tax, wage and social debts +€15,121
up €15,121 (+5414.1%), from €279 to €15,400
of which Taxes: +€14,410
- Profit (loss) carried forward -€9,357
down €9,357 (-90.0%), from €10,396 to €1,038
- Gross operating margin +€17,731
up €17,731 (+89.4%), from €19,841 to €37,572
- Depreciation +€15,360
new in 2025: €15,360
- Staff costs -€6,940
down €6,940 (-85.3%), from €8,140 to €1,200
- Taxes +€5,493
new in 2025: €5,493
- Financial charges -€852
down €852 (-68.5%), from €1,245 to €392
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 | €36,372 | €201,437 | +€165,065 | +453.8% |
| Fixed assets | 21/28 | €14,300 | €62,640 | +€48,340 | +338.0% |
| Tangible fixed assets | 22/27 | €14,300 | €61,440 | +€47,140 | +329.7% |
| Plant, machinery and equipment | 23 | - | €50,000 | +€50,000 | |
| Furniture and vehicles | 24 | €14,300 | €11,440 | -€2,860 | -20.0% |
| Financial fixed assets | 28 | - | €1,200 | +€1,200 | |
| Current assets | 29/58 | €22,072 | €138,797 | +€116,725 | +528.8% |
| Amounts receivable within one year | 40/41 | €12,817 | €69,960 | +€57,143 | +445.8% |
| Trade receivables | 40 | €3,044 | €69,960 | +€66,916 | +2198.6% |
| Other amounts receivable | 41 | €9,774 | - | -€9,774 | |
| Cash at bank and in hand | 54/58 | €9,255 | €68,837 | +€59,583 | +643.8% |
| Total equity and liabilities | 10/49 | €36,372 | €201,437 | +€165,065 | +453.8% |
| Equity | 10/15 | €25,396 | €39,538 | +€14,143 | +55.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | - | €23,500 | +€23,500 | |
| Non-distributable reserves | 130/1 | - | €23,500 | +€23,500 | |
| Reserves not available under the articles | 1311 | - | €1,500 | +€1,500 | |
| Other | 1319 | - | €22,000 | +€22,000 | |
| Profit (loss) carried forward | 14 | €10,396 | €1,038 | -€9,357 | -90.0% |
| Amounts payable | 17/49 | €10,976 | €161,899 | +€150,923 | +1375.0% |
| Amounts payable after more than one year | 17 | €8,697 | €44,629 | +€35,933 | +413.2% |
| Financial debts | 170/4 | €8,697 | €44,629 | +€35,933 | +413.2% |
| Amounts payable within one year | 42/48 | €2,279 | €117,269 | +€114,990 | +5045.0% |
| Trade debts | 44 | - | €99,869 | +€99,869 | |
| Suppliers | 440/4 | - | €99,869 | +€99,869 | |
| Taxes, remuneration and social security | 45 | €279 | €15,400 | +€15,121 | +5414.1% |
| Taxes | 450/3 | €279 | €14,690 | +€14,410 | +5159.6% |
| Remuneration and social security | 454/9 | - | €711 | +€711 | |
| Other amounts payable | 47/48 | €2,000 | €2,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €8,140 | €1,200 | -€6,940 | -85.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €15,360 | +€15,360 | |
| Other operating charges | 640/8 | €60 | €405 | +€345 | +575.7% |
| Gross operating margin | 9900 | €19,841 | €37,572 | +€17,731 | +89.4% |
| Operating profit (loss) | 9901 | €11,641 | €20,607 | +€8,966 | +77.0% |
| Financial charges | 65/66B | €1,245 | €392 | -€852 | -68.5% |
| Recurring financial charges | 65 | €1,245 | €392 | -€852 | -68.5% |
| Profit (loss) for the period before taxes | 9903 | €10,396 | €20,215 | +€9,819 | +94.4% |
| Income taxes | 67/77 | - | €5,493 | +€5,493 | |
| Profit (loss) for the period | 9904 | €10,396 | €14,722 | +€4,326 | +41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,396 | €14,722 | +€4,326 | +41.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.