VDO Creations: 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.
VDO Creations
Largest movements
- Tangible fixed assets -€21,381
down €21,381 (-34.8%), from €61,500 to €40,119
of which Furniture and vehicles: -€20,351
- Receivables within one year -€19,153
down €19,153 (-54.5%), from €35,142 to €15,990
of which Other amounts receivable: -€22,537
- Cash +€13,450
up €13,450 (+96.8%), from €13,901 to €27,351
mainly Depreciation (+€23,561) and Receivables within one year (+€19,153)
- Stocks and contracts -€1,272
down €1,272 (-11.1%), from €11,454 to €10,182
of which Contracts in progress: -€4,522
- Trade debts -€17,292
down €17,292 (-91.4%), from €18,928 to €1,637
- Debts after one year -€16,545
down €16,545 (-30.9%), from €53,499 to €36,954
- Profit (loss) carried forward +€7,093
up €7,093 (+28.6%), from €24,769 to €31,862
- Tax, wage and social debts -€1,578
down €1,578 (-41.1%), from €3,838 to €2,259
- Gross operating margin +€9,055
up €9,055 (+35.6%), from €25,430 to €34,485
- Taxes +€1,831
up €1,831 (+391%), from €469 to €2,300
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 | €123,933 | €95,875 | -€28,058 | -22.6% |
| Fixed assets | 21/28 | €61,500 | €40,119 | -€21,381 | -34.8% |
| Tangible fixed assets | 22/27 | €61,500 | €40,119 | -€21,381 | -34.8% |
| Plant, machinery and equipment | 23 | €5,430 | €4,400 | -€1,029 | -19.0% |
| Furniture and vehicles | 24 | €56,070 | €35,719 | -€20,351 | -36.3% |
| Current assets | 29/58 | €62,433 | €55,756 | -€6,677 | -10.7% |
| Stocks and contracts in progress | 3 | €11,454 | €10,182 | -€1,272 | -11.1% |
| Stocks | 30/36 | €3,250 | €6,500 | +€3,250 | +100% |
| Contracts in progress | 37 | €8,204 | €3,682 | -€4,522 | -55.1% |
| Amounts receivable within one year | 40/41 | €35,142 | €15,990 | -€19,153 | -54.5% |
| Trade receivables | 40 | €11,967 | €15,351 | +€3,384 | +28.3% |
| Other amounts receivable | 41 | €23,175 | €638 | -€22,537 | -97.2% |
| Cash at bank and in hand | 54/58 | €13,901 | €27,351 | +€13,450 | +96.8% |
| Deferred charges and accrued income | 490/1 | €1,936 | €2,233 | +€297 | +15.4% |
| Total equity and liabilities | 10/49 | €123,933 | €95,875 | -€28,058 | -22.6% |
| Equity | 10/15 | €30,677 | €37,770 | +€7,093 | +23.1% |
| Reserves | 13 | €5,907 | €5,907 | = | 0.0% |
| Distributable reserves | 133 | €5,907 | €5,907 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,769 | €31,862 | +€7,093 | +28.6% |
| Amounts payable | 17/49 | €93,257 | €58,105 | -€35,151 | -37.7% |
| Amounts payable after more than one year | 17 | €53,499 | €36,954 | -€16,545 | -30.9% |
| Financial debts | 170/4 | €53,499 | €36,954 | -€16,545 | -30.9% |
| Amounts payable within one year | 42/48 | €39,758 | €21,151 | -€18,606 | -46.8% |
| Current portion of amounts payable after more than one year | 42 | €16,992 | €16,545 | -€447 | -2.6% |
| Trade debts | 44 | €18,928 | €1,637 | -€17,292 | -91.4% |
| Suppliers | 440/4 | €18,928 | €1,637 | -€17,292 | -91.4% |
| Taxes, remuneration and social security | 45 | €3,838 | €2,259 | -€1,578 | -41.1% |
| Taxes | 450/3 | €3,838 | €2,259 | -€1,578 | -41.1% |
| Other amounts payable | 47/48 | - | €711 | +€711 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,331 | €23,561 | +€229 | +1.0% |
| Other operating charges | 640/8 | €620 | €638 | +€18 | +2.9% |
| Gross operating margin | 9900 | €25,430 | €34,485 | +€9,055 | +35.6% |
| Operating profit (loss) | 9901 | €1,479 | €10,287 | +€8,807 | +595% |
| Financial income | 75/76B | €292 | €16 | -€277 | -94.6% |
| Recurring financial income | 75 | €292 | €16 | -€277 | -94.6% |
| Financial charges | 65/66B | €992 | €910 | -€82 | -8.3% |
| Recurring financial charges | 65 | €992 | €910 | -€82 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €780 | €9,393 | +€8,613 | +1,104% |
| Income taxes | 67/77 | €469 | €2,300 | +€1,831 | +391% |
| Profit (loss) for the period | 9904 | €311 | €7,093 | +€6,782 | +2,177% |
| Profit (loss) for the period to be appropriated | 9905 | €311 | €7,093 | +€6,782 | +2,177% |
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 18 October 2026 via checked.be.