VDM Rental: what changed
VDM Rental
Largest movements
- Stocks and contracts +€47,192
new in 2025: €47,192
- Receivables within one year +€16,854
up €16,854 (+127%), from €13,230 to €30,084
of which Trade receivables: +€27,030
- Cash +€7,872
up €7,872 (+162%), from €4,855 to €12,727
mainly Other debts (+€55,970) and Trade debts (+€21,391)
- Tangible fixed assets +€5,158
up €5,158 (+569%), from €907 to €6,064
of which Plant, machinery and equipment: +€5,538
- Deferred charges and accrued income +€1,495
new in 2025: €1,495
- Other debts +€55,970
up €55,970 (+725%), from €7,724 to €63,694
- Trade debts +€21,391
up €21,391 (+748%), from €2,859 to €24,251
- Tax, wage and social debts +€4,508
up €4,508 (+404%), from €1,115 to €5,623
- Profit (loss) carried forward -€3,321
down €3,321, from €49 to -€3,272
- Gross operating margin -€4,550
down €4,550, from €3,580 to -€970
- Taxes -€1,370
down €1,370, from €1,115 to -€255
- Depreciation +€1,053
up €1,053 (+447%), from €236 to €1,288
- Other operating charges +€959
new in 2025: €959
- Financial income -€176
no longer reported in 2025 (was €176)
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 | €18,991 | €97,562 | +€78,570 | +414% |
| Fixed assets | 21/28 | €907 | €6,064 | +€5,158 | +569% |
| Tangible fixed assets | 22/27 | €907 | €6,064 | +€5,158 | +569% |
| Plant, machinery and equipment | 23 | - | €5,538 | +€5,538 | |
| Furniture and vehicles | 24 | €907 | €526 | -€381 | -42.0% |
| Current assets | 29/58 | €18,085 | €91,498 | +€73,413 | +406% |
| Stocks and contracts in progress | 3 | - | €47,192 | +€47,192 | |
| Stocks | 30/36 | - | €47,192 | +€47,192 | |
| Amounts receivable within one year | 40/41 | €13,230 | €30,084 | +€16,854 | +127% |
| Trade receivables | 40 | €3,053 | €30,084 | +€27,030 | +885% |
| Other amounts receivable | 41 | €10,176 | - | -€10,176 | |
| Cash at bank and in hand | 54/58 | €4,855 | €12,727 | +€7,872 | +162% |
| Deferred charges and accrued income | 490/1 | - | €1,495 | +€1,495 | |
| Total equity and liabilities | 10/49 | €18,991 | €97,562 | +€78,570 | +414% |
| Equity | 10/15 | €7,199 | €3,878 | -€3,321 | -46.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,150 | €2,150 | = | 0.0% |
| Distributable reserves | 133 | €2,150 | €2,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49 | -€3,272 | -€3,321 | |
| Amounts payable | 17/49 | €11,792 | €93,684 | +€81,892 | +694% |
| Amounts payable within one year | 42/48 | €11,699 | €93,567 | +€81,869 | +700% |
| Trade debts | 44 | €2,859 | €24,251 | +€21,391 | +748% |
| Suppliers | 440/4 | €2,859 | €24,251 | +€21,391 | +748% |
| Taxes, remuneration and social security | 45 | €1,115 | €5,623 | +€4,508 | +404% |
| Taxes | 450/3 | €1,115 | €5,623 | +€4,508 | +404% |
| Other amounts payable | 47/48 | €7,724 | €63,694 | +€55,970 | +725% |
| Accrued charges and deferred income | 492/3 | €94 | €117 | +€23 | +24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236 | €1,288 | +€1,053 | +447% |
| Other operating charges | 640/8 | - | €959 | +€959 | |
| Gross operating margin | 9900 | €3,580 | -€970 | -€4,550 | |
| Operating profit (loss) | 9901 | €3,344 | -€3,218 | -€6,562 | |
| Financial income | 75/76B | €176 | - | -€176 | |
| Recurring financial income | 75 | €176 | - | -€176 | |
| Financial charges | 65/66B | €206 | €359 | +€152 | +73.9% |
| Recurring financial charges | 65 | €206 | €359 | +€152 | +73.9% |
| Profit (loss) for the period before taxes | 9903 | €3,314 | -€3,577 | -€6,891 | |
| Income taxes | 67/77 | €1,115 | -€255 | -€1,370 | |
| Profit (loss) for the period | 9904 | €2,199 | -€3,321 | -€5,520 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,199 | -€3,321 | -€5,520 |
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 2 November 2026 via checked.be.