VDM SERVICE: 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 SERVICE
Largest movements
- Cash -€19,671
down €19,671 (-16.8%), from €116,996 to €97,325
mainly Net result for the year (-€17,072) and Other debts (-€16,989)
- Tangible fixed assets -€16,154
down €16,154 (-4.2%), from €387,658 to €371,504
of which Land and buildings: -€16,081
- Reserves -€17,072
down €17,072 (-4.0%), from €422,472 to €405,400
of which Distributable reserves: -€17,072
- Other debts -€16,989
down €16,989 (-29.3%), from €57,923 to €40,935
- Depreciation -€23,167
down €23,167 (-58.9%), from €39,321 to €16,154
- Gross operating margin +€6,436
up €6,436, from -€1,092 to €5,344
- Financial charges -€4,404
down €4,404 (-98.5%), from €4,473 to €69
- Other operating charges +€1,547
up €1,547 (+34.5%), from €4,480 to €6,028
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €505,429 | €469,703 | -€35,726 | -7.1% |
| Fixed assets | 21/28 | €387,658 | €371,504 | -€16,154 | -4.2% |
| Tangible fixed assets | 22/27 | €387,658 | €371,504 | -€16,154 | -4.2% |
| Land and buildings | 22 | €387,512 | €371,431 | -€16,081 | -4.1% |
| Plant, machinery and equipment | 23 | €146 | €73 | -€73 | -50.0% |
| Current assets | 29/58 | €117,771 | €98,200 | -€19,572 | -16.6% |
| Amounts receivable within one year | 40/41 | €0 | €9 | +€9 | |
| Other amounts receivable | 41 | €0 | €9 | +€9 | |
| Cash at bank and in hand | 54/58 | €116,996 | €97,325 | -€19,671 | -16.8% |
| Deferred charges and accrued income | 490/1 | €775 | €866 | +€90 | +11.7% |
| Total equity and liabilities | 10/49 | €505,429 | €469,703 | -€35,726 | -7.1% |
| Equity | 10/15 | €441,064 | €423,992 | -€17,072 | -3.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €422,472 | €405,400 | -€17,072 | -4.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €420,613 | €403,541 | -€17,072 | -4.1% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €64,365 | €45,712 | -€18,654 | -29.0% |
| Amounts payable after more than one year | 17 | €4,300 | €4,300 | = | 0.0% |
| Other amounts payable | 178/9 | €4,300 | €4,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €60,065 | €41,412 | -€18,654 | -31.1% |
| Trade debts | 44 | €648 | €477 | -€171 | -26.4% |
| Suppliers | 440/4 | €648 | €477 | -€171 | -26.4% |
| Taxes, remuneration and social security | 45 | €1,494 | €0 | -€1,494 | -100% |
| Taxes | 450/3 | €1,494 | €0 | -€1,494 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €57,923 | €40,935 | -€16,989 | -29.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,321 | €16,154 | -€23,167 | -58.9% |
| Other operating charges | 640/8 | €4,480 | €6,028 | +€1,547 | +34.5% |
| Gross operating margin | 9900 | -€1,092 | €5,344 | +€6,436 | |
| Operating profit (loss) | 9901 | -€44,894 | -€16,838 | +€28,056 | +62.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €4,473 | €69 | -€4,404 | -98.5% |
| Recurring financial charges | 65 | €4,473 | €69 | -€4,404 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | -€49,366 | -€16,906 | +€32,460 | +65.8% |
| Transfer from deferred taxes | 780 | €487 | €0 | -€487 | -100% |
| Income taxes | 67/77 | €175 | €166 | -€9 | -5.4% |
| Profit (loss) for the period | 9904 | -€49,054 | -€17,072 | +€31,983 | +65.2% |
| Transfer from tax-exempt reserves | 789 | €1,461 | €0 | -€1,461 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,593 | -€17,072 | +€30,521 | +64.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.