VDMobility: 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.
VDMobility
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+72.0%), from €1.4m to €2.5m
of which Land and buildings: +€520,938
- Deferred charges and accrued income +€90,000
new in 2025: €90,000
- Cash -€36,429
down €36,429 (-12.4%), from €293,235 to €256,805
mainly Investment in fixed assets (net) (-€1.1m) and Deferred charges and accrued income (-€90,000)
- Reserves +€524,233
new in 2025: €524,233
- Debts after one year +€342,323
up €342,323 (+36.0%), from €951,858 to €1.3m
- Other debts +€61,046
up €61,046 (+11.1%), from €549,357 to €610,404
- Trade debts +€44,027
up €44,027 (+21.4%), from €206,126 to €250,153
- Gross operating margin +€115,879
up €115,879 (+1,450%), from €7,993 to €123,872
- Depreciation +€33,539
up €33,539 (+3,988%), from €841 to €34,380
- Financial charges +€30,334
up €30,334 (+158%), from €19,149 to €49,483
- Taxes +€11,555
new in 2025: €11,555
- Other operating charges +€9,847
up €9,847 (+1,715%), from €574 to €10,421
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 | €1,743,277 | €2,823,642 | +€1.1m | +62.0% |
| Formation expenses | 20 | €1,937 | €1,096 | -€841 | -43.4% |
| Fixed assets | 21/28 | €1,433,803 | €2,466,102 | +€1.0m | +72.0% |
| Tangible fixed assets | 22/27 | €1,433,803 | €2,466,102 | +€1.0m | +72.0% |
| Land and buildings | 22 | €842,570 | €1,363,508 | +€520,938 | +61.8% |
| Assets under construction and advance payments | 27 | €591,234 | €1,102,595 | +€511,361 | +86.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €307,537 | €356,444 | +€48,907 | +15.9% |
| Amounts receivable within one year | 40/41 | €14,302 | €9,638 | -€4,664 | -32.6% |
| Trade receivables | 40 | €14,000 | €7,000 | -€7,000 | -50.0% |
| Other amounts receivable | 41 | €302 | €2,638 | +€2,336 | +774% |
| Cash at bank and in hand | 54/58 | €293,235 | €256,805 | -€36,429 | -12.4% |
| Deferred charges and accrued income | 490/1 | - | €90,000 | +€90,000 | |
| Total equity and liabilities | 10/49 | €1,743,277 | €2,823,642 | +€1.1m | +62.0% |
| Equity | 10/15 | -€12,041 | €535,327 | +€547,368 | |
| Contributions | 10/11 | €5,000 | €11,094 | +€6,094 | +122% |
| Reserves | 13 | - | €524,233 | +€524,233 | |
| Distributable reserves | 133 | - | €524,233 | +€524,233 | |
| Profit (loss) carried forward | 14 | -€17,041 | €0 | +€17,041 | |
| Provisions and deferred taxes | 16 | - | €25,141 | +€25,141 | |
| Deferred taxes | 168 | - | €25,141 | +€25,141 | |
| Amounts payable | 17/49 | €1,755,318 | €2,263,174 | +€507,856 | +28.9% |
| Amounts payable after more than one year | 17 | €951,858 | €1,294,181 | +€342,323 | +36.0% |
| Financial debts | 170/4 | €951,858 | €1,294,181 | +€342,323 | +36.0% |
| Amounts payable within one year | 42/48 | €803,460 | €949,986 | +€146,526 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €44,477 | €70,874 | +€26,397 | +59.4% |
| Trade debts | 44 | €206,126 | €250,153 | +€44,027 | +21.4% |
| Suppliers | 440/4 | €206,126 | €250,153 | +€44,027 | +21.4% |
| Taxes, remuneration and social security | 45 | €3,500 | €18,555 | +€15,055 | +430% |
| Taxes | 450/3 | €734 | €12,988 | +€12,255 | +1,670% |
| Remuneration and social security | 454/9 | €2,766 | €5,567 | +€2,800 | +101% |
| Other amounts payable | 47/48 | €549,357 | €610,404 | +€61,046 | +11.1% |
| Accrued charges and deferred income | 492/3 | - | €19,007 | +€19,007 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €841 | €34,380 | +€33,539 | +3,988% |
| Other operating charges | 640/8 | €574 | €10,421 | +€9,847 | +1,715% |
| Non-recurring operating charges | 66A | - | €1 | +€1 | |
| Gross operating margin | 9900 | €7,993 | €123,872 | +€115,879 | +1,450% |
| Operating profit (loss) | 9901 | €6,577 | €79,069 | +€72,492 | +1,102% |
| Financial charges | 65/66B | €19,149 | €49,483 | +€30,334 | +158% |
| Recurring financial charges | 65 | €19,149 | €49,483 | +€30,334 | +158% |
| Profit (loss) for the period before taxes | 9903 | -€12,572 | €29,586 | +€42,158 | |
| Transfer from deferred taxes | 780 | - | €4,190 | +€4,190 | |
| Income taxes | 67/77 | - | €11,555 | +€11,555 | |
| Profit (loss) for the period | 9904 | -€12,572 | €22,221 | +€34,793 | |
| Transfer from tax-exempt reserves | 789 | - | €10,313 | +€10,313 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,572 | €32,534 | +€45,106 |
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.