VDH TOITURES: 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.
VDH TOITURES
Largest movements
- Receivables within one year +€14,320
up €14,320 (+47.1%), from €30,395 to €44,714
of which Trade receivables: +€20,156
- Cash -€4,534
down €4,534 (-77.5%), from €5,854 to €1,320
mainly Receivables within one year (-€14,320) and Trade debts (-€6,295)
- Deferred charges and accrued income -€2,399
no longer reported in 2025 (was €2,399)
- Tangible fixed assets -€753
down €753 (-31.8%), from €2,372 to €1,619
- Profit (loss) carried forward +€11,914
up €11,914 (+32.7%), from €36,466 to €48,380
- Trade debts -€6,295
down €6,295 (-76.0%), from €8,284 to €1,989
- Tax, wage and social debts +€1,749
up €1,749 (+26.8%), from €6,535 to €8,284
- Accrued charges and deferred income -€735
no longer reported in 2025 (was €735)
- Gross operating margin +€5,330
up €5,330 (+31.1%), from €17,146 to €22,476
- Taxes +€901
up €901 (+36.0%), from €2,498 to €3,399
- Other operating charges -€815
down €815 (-67.4%), from €1,210 to €395
- Financial charges +€631
up €631 (+10.8%), from €5,847 to €6,478
- Financial income -€264
down €264 (-17.5%), from €1,507 to €1,244
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,020 | €62,653 | +€6,633 | +11.8% |
| Fixed assets | 21/28 | €2,372 | €1,619 | -€753 | -31.8% |
| Tangible fixed assets | 22/27 | €2,372 | €1,619 | -€753 | -31.8% |
| Furniture and vehicles | 24 | €2,372 | €1,619 | -€753 | -31.8% |
| Current assets | 29/58 | €53,648 | €61,034 | +€7,386 | +13.8% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,395 | €44,714 | +€14,320 | +47.1% |
| Trade receivables | 40 | €2,938 | €23,094 | +€20,156 | +686% |
| Other amounts receivable | 41 | €27,457 | €21,620 | -€5,837 | -21.3% |
| Cash at bank and in hand | 54/58 | €5,854 | €1,320 | -€4,534 | -77.5% |
| Deferred charges and accrued income | 490/1 | €2,399 | - | -€2,399 | |
| Total equity and liabilities | 10/49 | €56,020 | €62,653 | +€6,633 | +11.8% |
| Equity | 10/15 | €40,466 | €52,380 | +€11,914 | +29.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,466 | €48,380 | +€11,914 | +32.7% |
| Amounts payable | 17/49 | €15,554 | €10,273 | -€5,281 | -34.0% |
| Amounts payable within one year | 42/48 | €14,819 | €10,273 | -€4,546 | -30.7% |
| Trade debts | 44 | €8,284 | €1,989 | -€6,295 | -76.0% |
| Suppliers | 440/4 | €8,284 | €1,989 | -€6,295 | -76.0% |
| Taxes, remuneration and social security | 45 | €6,535 | €8,284 | +€1,749 | +26.8% |
| Taxes | 450/3 | €6,535 | €8,284 | +€1,749 | +26.8% |
| Accrued charges and deferred income | 492/3 | €735 | - | -€735 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,186 | €1,402 | +€216 | +18.2% |
| Other operating charges | 640/8 | €1,210 | €395 | -€815 | -67.4% |
| Non-recurring operating charges | 66A | €2,050 | €132 | -€1,918 | -93.6% |
| Gross operating margin | 9900 | €17,146 | €22,476 | +€5,330 | +31.1% |
| Operating profit (loss) | 9901 | €12,699 | €20,547 | +€7,848 | +61.8% |
| Financial income | 75/76B | €1,507 | €1,244 | -€264 | -17.5% |
| Recurring financial income | 75 | €1,507 | €1,244 | -€264 | -17.5% |
| Financial charges | 65/66B | €5,847 | €6,478 | +€631 | +10.8% |
| Recurring financial charges | 65 | €5,847 | €6,478 | +€631 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €8,360 | €15,313 | +€6,953 | +83.2% |
| Income taxes | 67/77 | €2,498 | €3,399 | +€901 | +36.0% |
| Profit (loss) for the period | 9904 | €5,861 | €11,914 | +€6,053 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €5,861 | €11,914 | +€6,053 | +103% |
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 25 October 2026 via checked.be.