VDH 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 Solutions
Largest movements
- Cash +€11,706
up €11,706 (+78.3%), from €14,944 to €26,650
mainly Net result for the year (+€10,710) and Depreciation (+€2,713)
- Tangible fixed assets -€5,101
down €5,101 (-38.7%), from €13,189 to €8,088
- Receivables within one year +€3,611
up €3,611 (+58.6%), from €6,159 to €9,769
of which Trade receivables: +€1,957
- Stocks and contracts +€2,960
up €2,960 (+86.1%), from €3,438 to €6,397
- Deferred charges and accrued income -€669
down €669 (-19.3%), from €3,464 to €2,795
- Profit (loss) carried forward +€10,710
up €10,710 (+687.7%), from €1,557 to €12,267
- Other debts +€2,187
up €2,187 (+338.1%), from €647 to €2,833
- Gross operating margin +€23,652
up €23,652, from -€5,227 to €18,425
- Depreciation -€1,507
down €1,507 (-35.7%), from €4,219 to €2,713
- Taxes +€250
up €250 (+102.2%), from €245 to €495
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 | €41,193 | €53,699 | +€12,506 | +30.4% |
| Fixed assets | 21/28 | €13,189 | €8,088 | -€5,101 | -38.7% |
| Tangible fixed assets | 22/27 | €13,189 | €8,088 | -€5,101 | -38.7% |
| Plant, machinery and equipment | 23 | €13,189 | €8,088 | -€5,101 | -38.7% |
| Current assets | 29/58 | €28,004 | €45,611 | +€17,607 | +62.9% |
| Stocks and contracts in progress | 3 | €3,438 | €6,397 | +€2,960 | +86.1% |
| Stocks | 30/36 | €3,438 | €6,397 | +€2,960 | +86.1% |
| Amounts receivable within one year | 40/41 | €6,159 | €9,769 | +€3,611 | +58.6% |
| Trade receivables | 40 | €1,042 | €2,998 | +€1,957 | +187.8% |
| Other amounts receivable | 41 | €5,117 | €6,771 | +€1,654 | +32.3% |
| Cash at bank and in hand | 54/58 | €14,944 | €26,650 | +€11,706 | +78.3% |
| Deferred charges and accrued income | 490/1 | €3,464 | €2,795 | -€669 | -19.3% |
| Total equity and liabilities | 10/49 | €41,193 | €53,699 | +€12,506 | +30.4% |
| Equity | 10/15 | €36,975 | €47,684 | +€10,710 | +29.0% |
| Contributions | 10/11 | €28,600 | €28,600 | = | 0.0% |
| Reserves | 13 | €6,817 | €6,817 | = | 0.0% |
| Distributable reserves | 133 | €6,817 | €6,817 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,557 | €12,267 | +€10,710 | +687.7% |
| Amounts payable | 17/49 | €4,219 | €6,015 | +€1,796 | +42.6% |
| Amounts payable within one year | 42/48 | €4,219 | €6,015 | +€1,796 | +42.6% |
| Trade debts | 44 | €3,572 | €3,181 | -€390 | -10.9% |
| Suppliers | 440/4 | €3,572 | €3,181 | -€390 | -10.9% |
| Other amounts payable | 47/48 | €647 | €2,833 | +€2,187 | +338.1% |
| Non-recurring operating income | 76A | €343 | - | -€343 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,219 | €2,713 | -€1,507 | -35.7% |
| Other operating charges | 640/8 | €493 | €555 | +€62 | +12.6% |
| Non-recurring operating charges | 66A | - | €3,913 | +€3,913 | |
| Gross operating margin | 9900 | -€5,227 | €18,425 | +€23,652 | |
| Operating profit (loss) | 9901 | -€9,939 | €11,244 | +€21,183 | |
| Financial income | 75/76B | €14 | €53 | +€39 | +284.8% |
| Recurring financial income | 75 | €14 | €53 | +€39 | +284.8% |
| Financial charges | 65/66B | €138 | €92 | -€45 | -33.0% |
| Recurring financial charges | 65 | €138 | €92 | -€45 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,063 | €11,205 | +€21,268 | |
| Income taxes | 67/77 | €245 | €495 | +€250 | +102.2% |
| Profit (loss) for the period | 9904 | -€10,308 | €10,710 | +€21,018 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,308 | €10,710 | +€21,018 |
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 4 October 2026 via checked.be.