VDH ONE: 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 ONE
Largest movements
- Receivables within one year -€24,542
down €24,542 (-97.9%), from €25,066 to €523
of which Trade receivables: -€15,542
- Stocks and contracts +€4,277
up €4,277 (+12.2%), from €35,100 to €39,377
- Other debts -€19,715
down €19,715 (-57.0%), from €34,584 to €14,869
- Profit (loss) carried forward -€8,268
down €8,268 (-261.8%), from -€3,158 to -€11,426
- Debts after one year +€7,018
up €7,018 (+86.0%), from €8,159 to €15,177
- Trade debts -€3,131
down €3,131 (-29.4%), from €10,656 to €7,525
- Current portion of long-term debt +€2,979
up €2,979 (+81.7%), from €3,645 to €6,624
- Turnover -€31,896
no longer reported in 2024 (was €31,896)
- Purchases and services -€21,527
no longer reported in 2024 (was €21,527)
- Gross operating margin -€6,659
down €6,659 (-64.2%), from €10,368 to €3,709
- Taxes +€2,694
new in 2024: €2,694
- Financial charges +€2,082
up €2,082 (+150.6%), from €1,383 to €3,465
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,968 | €40,798 | -€21,170 | -34.2% |
| Fixed assets | 21/28 | €532 | €381 | -€151 | -28.3% |
| Tangible fixed assets | 22/27 | €532 | €381 | -€151 | -28.3% |
| Plant, machinery and equipment | 23 | €532 | €381 | -€151 | -28.3% |
| Current assets | 29/58 | €61,435 | €40,416 | -€21,019 | -34.2% |
| Stocks and contracts in progress | 3 | €35,100 | €39,377 | +€4,277 | +12.2% |
| Stocks | 30/36 | €35,100 | €39,377 | +€4,277 | +12.2% |
| Amounts receivable within one year | 40/41 | €25,066 | €523 | -€24,542 | -97.9% |
| Trade receivables | 40 | €16,066 | €523 | -€15,542 | -96.7% |
| Other amounts receivable | 41 | €9,000 | - | -€9,000 | |
| Cash at bank and in hand | 54/58 | €491 | €263 | -€228 | -46.4% |
| Deferred charges and accrued income | 490/1 | €778 | €253 | -€525 | -67.5% |
| Total equity and liabilities | 10/49 | €61,968 | €40,798 | -€21,170 | -34.2% |
| Equity | 10/15 | €3,662 | -€4,606 | -€8,268 | |
| Reserves | 13 | €6,820 | €6,820 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,820 | - | -€6,820 | |
| Other | 1319 | €6,820 | - | -€6,820 | |
| Distributable reserves | 133 | - | €6,820 | +€6,820 | |
| Profit (loss) carried forward | 14 | -€3,158 | -€11,426 | -€8,268 | -261.8% |
| Amounts payable | 17/49 | €58,305 | €45,403 | -€12,902 | -22.1% |
| Amounts payable after more than one year | 17 | €8,159 | €15,177 | +€7,018 | +86.0% |
| Financial debts | 170/4 | €8,159 | €15,177 | +€7,018 | +86.0% |
| Amounts payable within one year | 42/48 | €50,146 | €30,227 | -€19,920 | -39.7% |
| Current portion of amounts payable after more than one year | 42 | €3,645 | €6,624 | +€2,979 | +81.7% |
| Trade debts | 44 | €10,656 | €7,525 | -€3,131 | -29.4% |
| Suppliers | 440/4 | €10,656 | €7,525 | -€3,131 | -29.4% |
| Taxes, remuneration and social security | 45 | €1,261 | €1,209 | -€52 | -4.1% |
| Taxes | 450/3 | €1,261 | €1,209 | -€52 | -4.1% |
| Other amounts payable | 47/48 | €34,584 | €14,869 | -€19,715 | -57.0% |
| Turnover | 70 | €31,896 | - | -€31,896 | |
| Goods, raw materials, services and sundry goods | 60/61 | €21,527 | - | -€21,527 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €359 | €151 | -€208 | -57.9% |
| Other operating charges | 640/8 | €666 | €458 | -€209 | -31.3% |
| Non-recurring operating charges | 66A | - | €5,281 | +€5,281 | |
| Gross operating margin | 9900 | €10,368 | €3,709 | -€6,659 | -64.2% |
| Operating profit (loss) | 9901 | €9,343 | -€2,181 | -€11,524 | |
| Financial income | 75/76B | - | €71 | +€71 | |
| Recurring financial income | 75 | - | €71 | +€71 | |
| Financial charges | 65/66B | €1,383 | €3,465 | +€2,082 | +150.6% |
| Recurring financial charges | 65 | €1,383 | €3,465 | +€2,082 | +150.6% |
| Profit (loss) for the period before taxes | 9903 | €7,961 | -€5,574 | -€13,535 | |
| Income taxes | 67/77 | - | €2,694 | +€2,694 | |
| Profit (loss) for the period | 9904 | €7,961 | -€8,268 | -€16,229 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,961 | -€8,268 | -€16,229 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.