VDH Software Solutions: 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 Software Solutions
Largest movements
- Tangible fixed assets -€9,714
down €9,714 (-11.5%), from €84,608 to €74,894
of which Land and buildings: -€7,526
- Cash -€7,163
down €7,163 (-40.8%), from €17,541 to €10,378
mainly Contributions, distributions and other (-€26,166) and Debts after one year (-€8,238)
- Reserves -€26,166
down €26,166 (-51.3%), from €50,990 to €24,824
- Debts after one year -€8,238
down €8,238 (-10.3%), from €80,052 to €71,814
- Other debts +€7,816
new in 2024: €7,816
- Profit (loss) carried forward +€4,439
up €4,439 (+10.4%), from -€42,700 to -€38,261
- Tax, wage and social debts +€3,005
up €3,005 (+91.1%), from €3,298 to €6,303
- Gross operating margin -€28,607
down €28,607 (-58.0%), from €49,305 to €20,698
- Taxes -€6,369
down €6,369 (-95.4%), from €6,679 to €310
- Depreciation -€2,149
down €2,149 (-14.4%), from €14,951 to €12,802
- Other operating charges -€1,727
down €1,727 (-91.0%), from €1,898 to €171
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 | €159,364 | €142,382 | -€16,982 | -10.7% |
| Fixed assets | 21/28 | €87,195 | €77,254 | -€9,941 | -11.4% |
| Intangible fixed assets | 21 | €228 | - | -€228 | |
| Tangible fixed assets | 22/27 | €84,608 | €74,894 | -€9,714 | -11.5% |
| Land and buildings | 22 | €72,274 | €64,747 | -€7,526 | -10.4% |
| Plant, machinery and equipment | 23 | €12,334 | €10,147 | -€2,187 | -17.7% |
| Financial fixed assets | 28 | €2,360 | €2,360 | = | 0.0% |
| Current assets | 29/58 | €72,168 | €65,128 | -€7,040 | -9.8% |
| Amounts receivable within one year | 40/41 | €54,175 | €53,380 | -€795 | -1.5% |
| Trade receivables | 40 | €38,316 | €53,380 | +€15,064 | +39.3% |
| Other amounts receivable | 41 | €15,859 | - | -€15,859 | |
| Cash at bank and in hand | 54/58 | €17,541 | €10,378 | -€7,163 | -40.8% |
| Deferred charges and accrued income | 490/1 | €453 | €1,370 | +€917 | +202.6% |
| Total equity and liabilities | 10/49 | €159,364 | €142,382 | -€16,982 | -10.7% |
| Equity | 10/15 | €26,890 | €5,163 | -€21,727 | -80.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,990 | €24,824 | -€26,166 | -51.3% |
| Distributable reserves | 133 | €50,990 | €24,824 | -€26,166 | -51.3% |
| Profit (loss) carried forward | 14 | -€42,700 | -€38,261 | +€4,439 | +10.4% |
| Amounts payable | 17/49 | €132,474 | €137,219 | +€4,745 | +3.6% |
| Amounts payable after more than one year | 17 | €80,052 | €71,814 | -€8,238 | -10.3% |
| Financial debts | 170/4 | €80,052 | €71,814 | -€8,238 | -10.3% |
| Amounts payable within one year | 42/48 | €52,422 | €65,406 | +€12,983 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €8,001 | €8,238 | +€237 | +3.0% |
| Trade debts | 44 | €26,905 | €28,830 | +€1,926 | +7.2% |
| Suppliers | 440/4 | €26,905 | €28,830 | +€1,926 | +7.2% |
| Advances received on contracts in progress | 46 | €14,219 | €14,219 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,298 | €6,303 | +€3,005 | +91.1% |
| Taxes | 450/3 | €3,298 | €6,303 | +€3,005 | +91.1% |
| Other amounts payable | 47/48 | - | €7,816 | +€7,816 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,951 | €12,802 | -€2,149 | -14.4% |
| Other operating charges | 640/8 | €1,898 | €171 | -€1,727 | -91.0% |
| Gross operating margin | 9900 | €49,305 | €20,698 | -€28,607 | -58.0% |
| Operating profit (loss) | 9901 | €32,456 | €7,726 | -€24,731 | -76.2% |
| Financial income | 75/76B | €307 | - | -€307 | |
| Recurring financial income | 75 | €307 | - | -€307 | |
| Financial charges | 65/66B | €3,120 | €2,977 | -€143 | -4.6% |
| Recurring financial charges | 65 | €3,120 | €2,977 | -€143 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €29,643 | €4,749 | -€24,894 | -84.0% |
| Income taxes | 67/77 | €6,679 | €310 | -€6,369 | -95.4% |
| Profit (loss) for the period | 9904 | €22,964 | €4,439 | -€18,526 | -80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,964 | €4,439 | -€18,526 | -80.7% |
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 30 September 2026 via checked.be.