VDL Solutions: 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 Solutions
Largest movements
- Receivables within one year -€41,085
down €41,085 (-99.6%), from €41,251 to €166
of which Trade receivables: -€41,251
- Cash +€17,533
up €17,533 (+23.8%), from €73,760 to €91,293
mainly Net result for the year (+€80,039) and Receivables within one year (+€41,085)
- Other debts -€15,500
down €15,500 (-18.2%), from €85,101 to €69,601
- Tax, wage and social debts -€8,523
down €8,523 (-29.5%), from €28,886 to €20,363
- Gross operating margin +€4,512
up €4,512 (+4.7%), from €96,947 to €101,459
- Taxes +€1,116
up €1,116 (+5.7%), from €19,447 to €20,563
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 | €115,011 | €91,459 | -€23,552 | -20.5% |
| Current assets | 29/58 | €115,011 | €91,459 | -€23,552 | -20.5% |
| Amounts receivable within one year | 40/41 | €41,251 | €166 | -€41,085 | -99.6% |
| Trade receivables | 40 | €41,251 | - | -€41,251 | |
| Other amounts receivable | 41 | - | €166 | +€166 | |
| Cash at bank and in hand | 54/58 | €73,760 | €91,293 | +€17,533 | +23.8% |
| Total equity and liabilities | 10/49 | €115,011 | €91,459 | -€23,552 | -20.5% |
| Equity | 10/15 | €1,024 | €1,063 | +€39 | +3.8% |
| Profit (loss) carried forward | 14 | €1,024 | €1,063 | +€39 | +3.8% |
| Amounts payable | 17/49 | €113,987 | €90,395 | -€23,591 | -20.7% |
| Amounts payable within one year | 42/48 | €113,987 | €90,395 | -€23,591 | -20.7% |
| Trade debts | 44 | - | €431 | +€431 | |
| Suppliers | 440/4 | - | €431 | +€431 | |
| Taxes, remuneration and social security | 45 | €28,886 | €20,363 | -€8,523 | -29.5% |
| Taxes | 450/3 | €28,886 | €20,363 | -€8,523 | -29.5% |
| Other amounts payable | 47/48 | €85,101 | €69,601 | -€15,500 | -18.2% |
| Other operating charges | 640/8 | €528 | €770 | +€242 | +45.9% |
| Gross operating margin | 9900 | €96,947 | €101,459 | +€4,512 | +4.7% |
| Operating profit (loss) | 9901 | €96,419 | €100,689 | +€4,270 | +4.4% |
| Financial income | 75/76B | €0 | €2 | +€2 | +17,000% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +17,000% |
| Financial charges | 65/66B | €54 | €88 | +€34 | +63.1% |
| Recurring financial charges | 65 | €54 | €88 | +€34 | +63.1% |
| Profit (loss) for the period before taxes | 9903 | €96,365 | €100,602 | +€4,237 | +4.4% |
| Income taxes | 67/77 | €19,447 | €20,563 | +€1,116 | +5.7% |
| Profit (loss) for the period | 9904 | €76,918 | €80,039 | +€3,121 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €76,918 | €80,039 | +€3,121 | +4.1% |
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 14 October 2026 via checked.be.