VDK REIZEN: 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.
VDK REIZEN
Largest movements
- Cash +€29,555
up €29,555 (+85.6%), from €34,525 to €64,080
mainly Trade debts (+€14,325) and Depreciation (+€14,250)
- Tangible fixed assets -€14,122
down €14,122 (-37.8%), from €37,390 to €23,268
of which Leasing and similar rights: -€8,564
- Receivables within one year -€9,070
down €9,070 (-37.3%), from €24,322 to €15,252
of which Trade receivables: -€8,853
- Deferred charges and accrued income +€3,496
up €3,496 (+3.6%), from €96,450 to €99,946
- Intangible fixed assets +€2,203
new in 2025: €2,203
- Trade debts +€14,325
up €14,325 (+98.0%), from €14,610 to €28,935
- Debts after one year -€8,761
down €8,761 (-40.2%), from €21,817 to €13,057
- Accrued charges and deferred income +€2,253
up €2,253 (+824.2%), from €273 to €2,526
- Tax, wage and social debts +€2,130
up €2,130 (+213.4%), from €998 to €3,128
of which Taxes: +€1,590
- Taxes +€1,681
up €1,681 (+268.0%), from €627 to €2,308
- Financial charges -€618
down €618 (-18.0%), from €3,427 to €2,809
- Gross operating margin +€365
up €365 (+1.6%), from €23,032 to €23,398
- Depreciation +€363
up €363 (+2.6%), from €13,887 to €14,250
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 | €192,686 | €204,749 | +€12,062 | +6.3% |
| Fixed assets | 21/28 | €37,390 | €25,471 | -€11,919 | -31.9% |
| Intangible fixed assets | 21 | - | €2,203 | +€2,203 | |
| Tangible fixed assets | 22/27 | €37,390 | €23,268 | -€14,122 | -37.8% |
| Plant, machinery and equipment | 23 | €4,054 | €2,293 | -€1,761 | -43.4% |
| Furniture and vehicles | 24 | €5,275 | €1,477 | -€3,797 | -72.0% |
| Leasing and similar rights | 25 | €28,061 | €19,497 | -€8,564 | -30.5% |
| Current assets | 29/58 | €155,297 | €179,277 | +€23,981 | +15.4% |
| Amounts receivable within one year | 40/41 | €24,322 | €15,252 | -€9,070 | -37.3% |
| Trade receivables | 40 | €23,835 | €14,982 | -€8,853 | -37.1% |
| Other amounts receivable | 41 | €486 | €270 | -€217 | -44.6% |
| Cash at bank and in hand | 54/58 | €34,525 | €64,080 | +€29,555 | +85.6% |
| Deferred charges and accrued income | 490/1 | €96,450 | €99,946 | +€3,496 | +3.6% |
| Total equity and liabilities | 10/49 | €192,686 | €204,749 | +€12,062 | +6.3% |
| Equity | 10/15 | €146,027 | €147,722 | +€1,695 | +1.2% |
| Contributions | 10/11 | €43,000 | €43,000 | = | 0.0% |
| Reserves | 13 | €102,900 | €104,590 | +€1,690 | +1.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €102,900 | €104,590 | +€1,690 | +1.6% |
| Profit (loss) carried forward | 14 | €127 | €132 | +€5 | +3.8% |
| Amounts payable | 17/49 | €46,660 | €57,027 | +€10,367 | +22.2% |
| Amounts payable after more than one year | 17 | €21,817 | €13,057 | -€8,761 | -40.2% |
| Financial debts | 170/4 | €21,817 | €13,057 | -€8,761 | -40.2% |
| Amounts payable within one year | 42/48 | €24,569 | €41,444 | +€16,875 | +68.7% |
| Current portion of amounts payable after more than one year | 42 | €8,401 | €8,761 | +€360 | +4.3% |
| Trade debts | 44 | €14,610 | €28,935 | +€14,325 | +98.0% |
| Suppliers | 440/4 | €14,610 | €28,935 | +€14,325 | +98.0% |
| Taxes, remuneration and social security | 45 | €998 | €3,128 | +€2,130 | +213.4% |
| Taxes | 450/3 | €998 | €2,588 | +€1,590 | +159.3% |
| Remuneration and social security | 454/9 | €0 | €540 | +€540 | |
| Other amounts payable | 47/48 | €560 | €620 | +€60 | +10.8% |
| Accrued charges and deferred income | 492/3 | €273 | €2,526 | +€2,253 | +824.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,887 | €14,250 | +€363 | +2.6% |
| Other operating charges | 640/8 | €1,422 | €1,537 | +€114 | +8.0% |
| Gross operating margin | 9900 | €23,032 | €23,398 | +€365 | +1.6% |
| Operating profit (loss) | 9901 | €7,723 | €7,611 | -€112 | -1.5% |
| Financial income | 75/76B | €8 | €34 | +€26 | +324.3% |
| Recurring financial income | 75 | €8 | €34 | +€26 | +324.3% |
| Financial charges | 65/66B | €3,427 | €2,809 | -€618 | -18.0% |
| Recurring financial charges | 65 | €3,427 | €2,809 | -€618 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €4,304 | €4,836 | +€532 | +12.4% |
| Income taxes | 67/77 | €627 | €2,308 | +€1,681 | +268.0% |
| Profit (loss) for the period | 9904 | €3,677 | €2,528 | -€1,149 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,677 | €2,528 | -€1,149 | -31.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.