VDL SERVICE: what changed
VDL SERVICE
Largest movements
- Cash +€11,504
up €11,504 (+208%), from €5,536 to €17,040
mainly Stocks and contracts (+€11,393) and Receivables within one year (+€10,881)
- Stocks and contracts -€11,393
no longer reported in 2025 (was €11,393)
- Receivables within one year -€10,881
no longer reported in 2025 (was €10,881)
of which Trade receivables: -€10,507
- Tangible fixed assets -€840
no longer reported in 2025 (was €840)
- Other debts -€9,554
down €9,554 (-19.0%), from €50,321 to €40,768
- Tax, wage and social debts +€2,522
new in 2025: €2,522
- Profit (loss) carried forward -€2,331
down €2,331 (-2.2%), from -€108,375 to -€110,707
- Trade debts -€2,295
down €2,295 (-61.9%), from €3,707 to €1,413
- Gross operating margin +€840
up €840 (+32.7%), from -€2,572 to -€1,732
- Financial charges +€515
up €515 (+1,361%), from €38 to €552
- Depreciation -€168
no longer reported in 2025 (was €168)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,697 | €17,040 | -€11,658 | -40.6% |
| Fixed assets | 21/28 | €840 | - | -€840 | |
| Tangible fixed assets | 22/27 | €840 | - | -€840 | |
| Furniture and vehicles | 24 | €840 | - | -€840 | |
| Current assets | 29/58 | €27,857 | €17,040 | -€10,817 | -38.8% |
| Stocks and contracts in progress | 3 | €11,393 | - | -€11,393 | |
| Stocks | 30/36 | €11,393 | - | -€11,393 | |
| Amounts receivable within one year | 40/41 | €10,881 | - | -€10,881 | |
| Trade receivables | 40 | €10,507 | - | -€10,507 | |
| Other amounts receivable | 41 | €374 | - | -€374 | |
| Cash at bank and in hand | 54/58 | €5,536 | €17,040 | +€11,504 | +208% |
| Deferred charges and accrued income | 490/1 | €47 | - | -€47 | |
| Total equity and liabilities | 10/49 | €28,697 | €17,040 | -€11,658 | -40.6% |
| Equity | 10/15 | -€25,331 | -€27,662 | -€2,331 | -9.2% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €58,255 | €58,255 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | - | -€2,479 | |
| Reserves not available under the articles | 1311 | €2,479 | - | -€2,479 | |
| Distributable reserves | 133 | €55,776 | €58,255 | +€2,479 | +4.4% |
| Profit (loss) carried forward | 14 | -€108,375 | -€110,707 | -€2,331 | -2.2% |
| Amounts payable | 17/49 | €54,028 | €44,702 | -€9,326 | -17.3% |
| Amounts payable within one year | 42/48 | €54,028 | €44,702 | -€9,326 | -17.3% |
| Trade debts | 44 | €3,707 | €1,413 | -€2,295 | -61.9% |
| Suppliers | 440/4 | €3,707 | €1,413 | -€2,295 | -61.9% |
| Taxes, remuneration and social security | 45 | - | €2,522 | +€2,522 | |
| Taxes | 450/3 | - | €2,522 | +€2,522 | |
| Other amounts payable | 47/48 | €50,321 | €40,768 | -€9,554 | -19.0% |
| Non-recurring operating income | 76A | - | €10 | +€10 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168 | - | -€168 | |
| Other operating charges | 640/8 | €44 | €47 | +€3 | +6.7% |
| Gross operating margin | 9900 | -€2,572 | -€1,732 | +€840 | +32.7% |
| Operating profit (loss) | 9901 | -€2,784 | -€1,779 | +€1,005 | +36.1% |
| Financial charges | 65/66B | €38 | €552 | +€515 | +1,361% |
| Recurring financial charges | 65 | €38 | €552 | +€515 | +1,361% |
| Profit (loss) for the period before taxes | 9903 | -€2,822 | -€2,331 | +€491 | +17.4% |
| Profit (loss) for the period | 9904 | -€2,822 | -€2,331 | +€491 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,822 | -€2,331 | +€491 | +17.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.