VdM-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.
VdM-SOLUTIONS
Largest movements
- Receivables within one year +€15,532
up €15,532 (+25.5%), from €60,853 to €76,385
of which Other amounts receivable: +€10,692
- Cash +€14,674
up €14,674 (+1,639%), from €895 to €15,569
mainly Net result for the year (+€43,829) and Depreciation (+€6,915)
- Tangible fixed assets -€6,915
down €6,915 (-2.4%), from €282,921 to €276,005
- Reserves +€43,829
up €43,829 (+16.6%), from €263,686 to €307,515
- Current portion of long-term debt -€13,057
down €13,057 (-55.6%), from €23,480 to €10,422
- Debts after one year -€5,145
no longer reported in 2025 (was €5,145)
- Gross operating margin +€13,440
up €13,440 (+23.0%), from €58,351 to €71,791
- Taxes +€5,073
up €5,073 (+40.7%), from €12,460 to €17,533
- Other operating charges -€4,151
down €4,151 (-60.1%), from €6,902 to €2,751
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 | €348,221 | €371,622 | +€23,401 | +6.7% |
| Fixed assets | 21/28 | €282,921 | €276,005 | -€6,915 | -2.4% |
| Tangible fixed assets | 22/27 | €282,921 | €276,005 | -€6,915 | -2.4% |
| Land and buildings | 22 | €282,921 | €276,005 | -€6,915 | -2.4% |
| Current assets | 29/58 | €65,301 | €95,617 | +€30,316 | +46.4% |
| Amounts receivable within one year | 40/41 | €60,853 | €76,385 | +€15,532 | +25.5% |
| Trade receivables | 40 | €26,620 | €31,460 | +€4,840 | +18.2% |
| Other amounts receivable | 41 | €34,233 | €44,925 | +€10,692 | +31.2% |
| Cash at bank and in hand | 54/58 | €895 | €15,569 | +€14,674 | +1,639% |
| Deferred charges and accrued income | 490/1 | €3,552 | €3,663 | +€110 | +3.1% |
| Total equity and liabilities | 10/49 | €348,221 | €371,622 | +€23,401 | +6.7% |
| Equity | 10/15 | €297,416 | €341,245 | +€43,829 | +14.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €263,686 | €307,515 | +€43,829 | +16.6% |
| Distributable reserves | 133 | €263,686 | €307,515 | +€43,829 | +16.6% |
| Profit (loss) carried forward | 14 | €21,330 | €21,330 | = | 0.0% |
| Amounts payable | 17/49 | €50,806 | €30,377 | -€20,429 | -40.2% |
| Amounts payable after more than one year | 17 | €5,145 | - | -€5,145 | |
| Financial debts | 170/4 | €5,145 | - | -€5,145 | |
| Amounts payable within one year | 42/48 | €45,661 | €30,377 | -€15,283 | -33.5% |
| Current portion of amounts payable after more than one year | 42 | €23,480 | €10,422 | -€13,057 | -55.6% |
| Trade debts | 44 | €11,644 | €8,798 | -€2,846 | -24.4% |
| Suppliers | 440/4 | €11,644 | €8,798 | -€2,846 | -24.4% |
| Taxes, remuneration and social security | 45 | €10,537 | €11,157 | +€620 | +5.9% |
| Taxes | 450/3 | €10,537 | €11,157 | +€620 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,915 | €6,915 | -€0 | 0.0% |
| Other operating charges | 640/8 | €6,902 | €2,751 | -€4,151 | -60.1% |
| Gross operating margin | 9900 | €58,351 | €71,791 | +€13,440 | +23.0% |
| Operating profit (loss) | 9901 | €44,533 | €62,124 | +€17,591 | +39.5% |
| Financial charges | 65/66B | €1,039 | €762 | -€277 | -26.7% |
| Recurring financial charges | 65 | €1,039 | €762 | -€277 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €43,494 | €61,362 | +€17,868 | +41.1% |
| Income taxes | 67/77 | €12,460 | €17,533 | +€5,073 | +40.7% |
| Profit (loss) for the period | 9904 | €31,034 | €43,829 | +€12,795 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,034 | €43,829 | +€12,795 | +41.2% |
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 16 October 2026 via checked.be.