VDL-INTERASS: 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.
VDL-INTERASS
Largest movements
- Cash +€220,813
up €220,813 (+25.4%), from €868,562 to €1.1m
mainly Net result for the year (+€245,479) and Tax, wage and social debts (+€34,459)
- Deferred charges and accrued income +€37,262
up €37,262 (+67.3%), from €55,384 to €92,646
- Profit (loss) carried forward +€245,479
up €245,479 (+25.5%), from €960,886 to €1.2m
- Trade debts -€40,684
down €40,684 (-3.1%), from €1.3m to €1.3m
- Tax, wage and social debts +€34,459
up €34,459 (+12.6%), from €273,361 to €307,819
of which Taxes: +€40,092
- Financial income -€125,797
down €125,797 (-80.7%), from €155,848 to €30,051
of which Non-recurring financial income: -€105,596
- Taxes +€51,574
up €51,574 (+102.0%), from €50,583 to €102,157
- Gross operating margin -€51,182
down €51,182 (-1.8%), from €2.8m to €2.8m
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 | €3,054,441 | €3,294,207 | +€239,766 | +7.8% |
| Fixed assets | 21/28 | €30,018 | €15,883 | -€14,135 | -47.1% |
| Tangible fixed assets | 22/27 | €30,018 | €15,883 | -€14,135 | -47.1% |
| Plant, machinery and equipment | 23 | €30,018 | €15,883 | -€14,135 | -47.1% |
| Current assets | 29/58 | €3,024,423 | €3,278,324 | +€253,901 | +8.4% |
| Amounts receivable within one year | 40/41 | €692,805 | €681,187 | -€11,617 | -1.7% |
| Trade receivables | 40 | €690,680 | €681,136 | -€9,544 | -1.4% |
| Other amounts receivable | 41 | €2,125 | €51 | -€2,074 | -97.6% |
| Current investments | 50/53 | €1,407,671 | €1,415,115 | +€7,443 | +0.5% |
| Cash at bank and in hand | 54/58 | €868,562 | €1,089,376 | +€220,813 | +25.4% |
| Deferred charges and accrued income | 490/1 | €55,384 | €92,646 | +€37,262 | +67.3% |
| Total equity and liabilities | 10/49 | €3,054,441 | €3,294,207 | +€239,766 | +7.8% |
| Equity | 10/15 | €1,461,013 | €1,706,492 | +€245,479 | +16.8% |
| Contributions | 10/11 | €445,000 | €445,000 | = | 0.0% |
| Capital | 10 | €445,000 | €445,000 | = | 0.0% |
| Issued capital | 100 | €445,000 | €445,000 | = | 0.0% |
| Reserves | 13 | €55,127 | €55,127 | = | 0.0% |
| Non-distributable reserves | 130/1 | €44,500 | €44,500 | = | 0.0% |
| Legal reserve | 130 | €44,500 | €44,500 | = | 0.0% |
| Distributable reserves | 133 | €10,627 | €10,627 | = | 0.0% |
| Profit (loss) carried forward | 14 | €960,886 | €1,206,365 | +€245,479 | +25.5% |
| Amounts payable | 17/49 | €1,593,428 | €1,587,715 | -€5,713 | -0.4% |
| Amounts payable within one year | 42/48 | €1,591,898 | €1,586,781 | -€5,117 | -0.3% |
| Trade debts | 44 | €1,318,538 | €1,277,854 | -€40,684 | -3.1% |
| Suppliers | 440/4 | €1,318,538 | €1,277,854 | -€40,684 | -3.1% |
| Taxes, remuneration and social security | 45 | €273,361 | €307,819 | +€34,459 | +12.6% |
| Taxes | 450/3 | €3,564 | €43,656 | +€40,092 | +1124.9% |
| Remuneration and social security | 454/9 | €269,796 | €264,164 | -€5,633 | -2.1% |
| Other amounts payable | 47/48 | - | €1,108 | +€1,108 | |
| Accrued charges and deferred income | 492/3 | €1,530 | €934 | -€596 | -38.9% |
| Remuneration, social security and pensions | 62 | €2,432,729 | €2,432,872 | +€143 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,580 | €14,135 | -€6,444 | -31.3% |
| Other operating charges | 640/8 | €10,372 | €2,174 | -€8,198 | -79.0% |
| Gross operating margin | 9900 | €2,820,630 | €2,769,448 | -€51,182 | -1.8% |
| Operating profit (loss) | 9901 | €356,949 | €320,267 | -€36,682 | -10.3% |
| Financial income | 75/76B | €155,848 | €30,051 | -€125,797 | -80.7% |
| Recurring financial income | 75 | €50,252 | €30,051 | -€20,201 | -40.2% |
| Non-recurring financial income | 76B | €105,596 | - | -€105,596 | |
| Financial charges | 65/66B | €4,286 | €2,681 | -€1,604 | -37.4% |
| Recurring financial charges | 65 | €4,286 | €2,681 | -€1,604 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €508,511 | €347,636 | -€160,874 | -31.6% |
| Income taxes | 67/77 | €50,583 | €102,157 | +€51,574 | +102.0% |
| Profit (loss) for the period | 9904 | €457,927 | €245,479 | -€212,448 | -46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €457,927 | €245,479 | -€212,448 | -46.4% |
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 8 October 2026 via checked.be.