VDP AUTOMATION: 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.
VDP AUTOMATION
Largest movements
- Receivables within one year -€86,822
down €86,822 (-20.8%), from €418,296 to €331,474
of which Trade receivables: -€86,896
- Cash -€35,659
down €35,659 (-58.9%), from €60,493 to €24,835
mainly Trade debts (-€115,833) and Tax, wage and social debts (-€20,366)
- Stocks and contracts +€9,973
up €9,973 (+9.3%), from €107,186 to €117,159
of which Contracts in progress: +€10,715
- Trade debts -€115,833
down €115,833 (-18.0%), from €643,340 to €527,507
- Profit (loss) carried forward +€27,774
up €27,774 (+9.3%), from -€298,468 to -€270,694
- Tax, wage and social debts -€20,366
down €20,366 (-56.1%), from €36,280 to €15,914
of which Taxes: -€21,182
- Gross operating margin -€77,177
down €77,177 (-42.6%), from €181,041 to €103,864
- Staff costs -€59,624
down €59,624 (-53.2%), from €112,098 to €52,474
- Depreciation -€2,052
down €2,052 (-53.2%), from €3,859 to €1,808
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 | €592,610 | €478,173 | -€114,437 | -19.3% |
| Fixed assets | 21/28 | €5,861 | €4,053 | -€1,808 | -30.8% |
| Tangible fixed assets | 22/27 | €3,861 | €2,053 | -€1,808 | -46.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €3,861 | €2,053 | -€1,808 | -46.8% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €586,748 | €474,119 | -€112,629 | -19.2% |
| Stocks and contracts in progress | 3 | €107,186 | €117,159 | +€9,973 | +9.3% |
| Stocks | 30/36 | €95,256 | €94,515 | -€741 | -0.8% |
| Contracts in progress | 37 | €11,930 | €22,644 | +€10,715 | +89.8% |
| Amounts receivable within one year | 40/41 | €418,296 | €331,474 | -€86,822 | -20.8% |
| Trade receivables | 40 | €412,533 | €325,638 | -€86,896 | -21.1% |
| Other amounts receivable | 41 | €5,762 | €5,836 | +€73 | +1.3% |
| Cash at bank and in hand | 54/58 | €60,493 | €24,835 | -€35,659 | -58.9% |
| Deferred charges and accrued income | 490/1 | €774 | €652 | -€122 | -15.7% |
| Total equity and liabilities | 10/49 | €592,610 | €478,173 | -€114,437 | -19.3% |
| Equity | 10/15 | -€105,859 | -€78,085 | +€27,774 | +26.2% |
| Contributions | 10/11 | €37,642 | €37,642 | = | 0.0% |
| Reserves | 13 | €154,967 | €154,967 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,764 | €0 | -€3,764 | -100% |
| Reserves not available under the articles | 1311 | €3,764 | €0 | -€3,764 | -100% |
| Tax-exempt reserves | 132 | €7,084 | €7,084 | = | 0.0% |
| Distributable reserves | 133 | €144,119 | €147,884 | +€3,764 | +2.6% |
| Profit (loss) carried forward | 14 | -€298,468 | -€270,694 | +€27,774 | +9.3% |
| Amounts payable | 17/49 | €698,469 | €556,258 | -€142,211 | -20.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €696,624 | €555,926 | -€140,698 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €951 | €0 | -€951 | -100% |
| Financial debts | 43 | €5,828 | €5,819 | -€9 | -0.2% |
| Credit institutions | 430/8 | €5,828 | €5,819 | -€9 | -0.2% |
| Trade debts | 44 | €643,340 | €527,507 | -€115,833 | -18.0% |
| Suppliers | 440/4 | €643,340 | €527,507 | -€115,833 | -18.0% |
| Advances received on contracts in progress | 46 | €10,224 | €6,686 | -€3,539 | -34.6% |
| Taxes, remuneration and social security | 45 | €36,280 | €15,914 | -€20,366 | -56.1% |
| Taxes | 450/3 | €27,371 | €6,189 | -€21,182 | -77.4% |
| Remuneration and social security | 454/9 | €8,908 | €9,725 | +€816 | +9.2% |
| Accrued charges and deferred income | 492/3 | €1,845 | €332 | -€1,513 | -82.0% |
| Non-recurring operating income | 76A | €1,893 | €1,005 | -€888 | -46.9% |
| Remuneration, social security and pensions | 62 | €112,098 | €52,474 | -€59,624 | -53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,859 | €1,808 | -€2,052 | -53.2% |
| Other operating charges | 640/8 | €1,676 | €620 | -€1,055 | -63.0% |
| Non-recurring operating charges | 66A | - | €20,467 | +€20,467 | |
| Gross operating margin | 9900 | €181,041 | €103,864 | -€77,177 | -42.6% |
| Operating profit (loss) | 9901 | €63,407 | €28,495 | -€34,913 | -55.1% |
| Financial charges | 65/66B | €794 | €747 | -€47 | -5.9% |
| Recurring financial charges | 65 | €794 | €747 | -€47 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €62,613 | €27,747 | -€34,866 | -55.7% |
| Income taxes | 67/77 | €200 | -€27 | -€227 | |
| Profit (loss) for the period | 9904 | €62,413 | €27,774 | -€34,639 | -55.5% |
| Profit (loss) for the period to be appropriated | 9905 | €62,413 | €27,774 | -€34,639 | -55.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.