VDL REVICO: 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.
VDL REVICO
Largest movements
- Current investments +€15,621
up €15,621 (+2.3%), from €679,143 to €694,764
- Tangible fixed assets -€12,708
down €12,708 (-48.8%), from €26,021 to €13,313
of which Furniture and vehicles: -€15,390
- Profit (loss) carried forward -€19,399
down €19,399 (-43.1%), from €45,054 to €25,655
- Reserves +€10,000
up €10,000 (+1.5%), from €685,000 to €695,000
- Gross operating margin -€19,512
down €19,512 (-19.9%), from €98,071 to €78,559
- Financial charges +€13,669
up €13,669 (+258%), from €5,295 to €18,964
- Taxes -€10,120
down €10,120 (-40.5%), from €25,012 to €14,892
- Financial income -€4,204
down €4,204 (-22.6%), from €18,623 to €14,419
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 | €797,959 | €789,516 | -€8,443 | -1.1% |
| Fixed assets | 21/28 | €26,862 | €14,154 | -€12,708 | -47.3% |
| Tangible fixed assets | 22/27 | €26,021 | €13,313 | -€12,708 | -48.8% |
| Furniture and vehicles | 24 | €26,021 | €10,631 | -€15,390 | -59.1% |
| Other tangible fixed assets | 26 | - | €2,682 | +€2,682 | |
| Financial fixed assets | 28 | €841 | €841 | = | 0.0% |
| Current assets | 29/58 | €771,097 | €775,362 | +€4,265 | +0.6% |
| Amounts receivable within one year | 40/41 | €51,119 | €48,725 | -€2,394 | -4.7% |
| Trade receivables | 40 | €51,119 | €39,105 | -€12,014 | -23.5% |
| Other amounts receivable | 41 | - | €9,620 | +€9,620 | |
| Current investments | 50/53 | €679,143 | €694,764 | +€15,621 | +2.3% |
| Cash at bank and in hand | 54/58 | €30,233 | €24,382 | -€5,851 | -19.4% |
| Deferred charges and accrued income | 490/1 | €10,602 | €7,491 | -€3,111 | -29.3% |
| Total equity and liabilities | 10/49 | €797,959 | €789,516 | -€8,443 | -1.1% |
| Equity | 10/15 | €780,054 | €770,655 | -€9,399 | -1.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €685,000 | €695,000 | +€10,000 | +1.5% |
| Distributable reserves | 133 | €685,000 | €695,000 | +€10,000 | +1.5% |
| Profit (loss) carried forward | 14 | €45,054 | €25,655 | -€19,399 | -43.1% |
| Amounts payable | 17/49 | €17,905 | €18,861 | +€956 | +5.3% |
| Amounts payable within one year | 42/48 | €17,692 | €18,642 | +€950 | +5.4% |
| Trade debts | 44 | €351 | €721 | +€370 | +105% |
| Suppliers | 440/4 | €351 | €721 | +€370 | +105% |
| Taxes, remuneration and social security | 45 | €15,583 | €17,663 | +€2,080 | +13.3% |
| Taxes | 450/3 | €15,583 | €17,663 | +€2,080 | +13.3% |
| Other amounts payable | 47/48 | €1,757 | €257 | -€1,500 | -85.4% |
| Accrued charges and deferred income | 492/3 | €213 | €219 | +€6 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,191 | €17,801 | +€610 | +3.5% |
| Other operating charges | 640/8 | €806 | €720 | -€86 | -10.7% |
| Gross operating margin | 9900 | €98,071 | €78,559 | -€19,512 | -19.9% |
| Operating profit (loss) | 9901 | €80,074 | €60,039 | -€20,035 | -25.0% |
| Financial income | 75/76B | €18,623 | €14,419 | -€4,204 | -22.6% |
| Recurring financial income | 75 | €18,623 | €14,419 | -€4,204 | -22.6% |
| Financial charges | 65/66B | €5,295 | €18,964 | +€13,669 | +258% |
| Recurring financial charges | 65 | €5,295 | €18,964 | +€13,669 | +258% |
| Profit (loss) for the period before taxes | 9903 | €93,401 | €55,493 | -€37,908 | -40.6% |
| Income taxes | 67/77 | €25,012 | €14,892 | -€10,120 | -40.5% |
| Profit (loss) for the period | 9904 | €68,389 | €40,601 | -€27,788 | -40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €68,389 | €40,601 | -€27,788 | -40.6% |
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 31 October 2026 via checked.be.