VDM Beheer: 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.
VDM Beheer
Largest movements
- Receivables within one year -€33,495
down €33,495 (-78.2%), from €42,851 to €9,356
of which Trade receivables: -€29,645
- Cash +€26,990
up €26,990 (+31.8%), from €84,945 to €111,936
mainly Other debts (+€495,779) and Net result for the year (+€99,435)
- Tangible fixed assets -€16,272
down €16,272 (-4.8%), from €337,978 to €321,706
of which Furniture and vehicles: -€9,590
- Other debts +€495,779
up €495,779 (+189%), from €262,342 to €758,122
- Reserves -€473,685
down €473,685 (-82.7%), from €573,120 to €99,435
- Current portion of long-term debt -€26,559
down €26,559 (-55.5%), from €47,831 to €21,272
- Debts after one year -€19,938
down €19,938 (-9.5%), from €209,476 to €189,538
- Gross operating margin -€8,259
down €8,259 (-4.3%), from €191,472 to €183,212
- Financial charges +€3,282
up €3,282 (+16.9%), from €19,468 to €22,750
- Other operating charges +€2,397
up €2,397 (+139%), from €1,726 to €4,123
- Financial income -€1,985
down €1,985 (-34.0%), from €5,840 to €3,855
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 | €1,110,178 | €1,087,401 | -€22,777 | -2.1% |
| Fixed assets | 21/28 | €907,381 | €891,109 | -€16,272 | -1.8% |
| Tangible fixed assets | 22/27 | €337,978 | €321,706 | -€16,272 | -4.8% |
| Land and buildings | 22 | €312,901 | €306,459 | -€6,442 | -2.1% |
| Plant, machinery and equipment | 23 | €480 | €240 | -€240 | -50.0% |
| Furniture and vehicles | 24 | €24,597 | €15,007 | -€9,590 | -39.0% |
| Financial fixed assets | 28 | €569,403 | €569,403 | = | 0.0% |
| Current assets | 29/58 | €202,797 | €196,292 | -€6,505 | -3.2% |
| Amounts receivable within one year | 40/41 | €42,851 | €9,356 | -€33,495 | -78.2% |
| Trade receivables | 40 | €29,645 | €0 | -€29,645 | -100% |
| Other amounts receivable | 41 | €13,206 | €9,356 | -€3,850 | -29.2% |
| Current investments | 50/53 | €75,000 | €75,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €84,945 | €111,936 | +€26,990 | +31.8% |
| Total equity and liabilities | 10/49 | €1,110,178 | €1,087,401 | -€22,777 | -2.1% |
| Equity | 10/15 | €578,120 | €104,435 | -€473,685 | -81.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €573,120 | €99,435 | -€473,685 | -82.7% |
| Distributable reserves | 133 | €573,120 | €99,435 | -€473,685 | -82.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €532,058 | €982,966 | +€450,907 | +84.7% |
| Amounts payable after more than one year | 17 | €209,476 | €189,538 | -€19,938 | -9.5% |
| Financial debts | 170/4 | €209,476 | €189,538 | -€19,938 | -9.5% |
| Amounts payable within one year | 42/48 | €322,205 | €793,103 | +€470,898 | +146% |
| Current portion of amounts payable after more than one year | 42 | €47,831 | €21,272 | -€26,559 | -55.5% |
| Trade debts | 44 | €1,803 | €430 | -€1,373 | -76.2% |
| Suppliers | 440/4 | €1,803 | €430 | -€1,373 | -76.2% |
| Advances received on contracts in progress | 46 | €0 | €1,210 | +€1,210 | |
| Taxes, remuneration and social security | 45 | €10,228 | €12,070 | +€1,842 | +18.0% |
| Taxes | 450/3 | €10,228 | €12,070 | +€1,842 | +18.0% |
| Other amounts payable | 47/48 | €262,342 | €758,122 | +€495,779 | +189% |
| Accrued charges and deferred income | 492/3 | €377 | €324 | -€53 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,713 | €27,444 | -€268 | -1.0% |
| Other operating charges | 640/8 | €1,726 | €4,123 | +€2,397 | +139% |
| Gross operating margin | 9900 | €191,472 | €183,212 | -€8,259 | -4.3% |
| Operating profit (loss) | 9901 | €162,033 | €151,645 | -€10,388 | -6.4% |
| Financial income | 75/76B | €5,840 | €3,855 | -€1,985 | -34.0% |
| Recurring financial income | 75 | €5,840 | €3,855 | -€1,985 | -34.0% |
| Financial charges | 65/66B | €19,468 | €22,750 | +€3,282 | +16.9% |
| Recurring financial charges | 65 | €19,468 | €22,750 | +€3,282 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €148,405 | €132,750 | -€15,655 | -10.5% |
| Income taxes | 67/77 | €32,084 | €33,315 | +€1,231 | +3.8% |
| Profit (loss) for the period | 9904 | €116,320 | €99,435 | -€16,885 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €116,320 | €99,435 | -€16,885 | -14.5% |
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 25 October 2026 via checked.be.