VDP Cie: 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 Cie
Largest movements
- Receivables within one year +€100,000
up €100,000 (+3,869%), from €2,585 to €102,585
- Tangible fixed assets -€96,249
down €96,249 (-52.5%), from €183,427 to €87,178
of which Plant, machinery and equipment: -€93,564
- Cash -€35,127
down €35,127 (-20.5%), from €171,343 to €136,217
mainly Receivables within one year (-€100,000) and Net result for the year (-€22,425)
- Receivables after one year -€5,546
down €5,546 (-4.4%), from €126,046 to €120,500
- Reserves -€22,613
down €22,613 (-20.0%), from €113,145 to €90,532
of which Tax-exempt reserves: -€45,113
- Provisions -€15,038
down €15,038 (-100%), from €15,038 to €0
- Other operating charges +€25,998
up €25,998 (+5,794%), from €449 to €26,447
- Gross operating margin -€11,229
down €11,229 (-753%), from -€1,490 to -€12,720
- Depreciation -€7,121
down €7,121 (-72.6%), from €9,806 to €2,685
- Financial income +€2,963
up €2,963 (+76.3%), from €3,883 to €6,846
- Taxes +€2,250
up €2,250, from €0 to €2,250
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 | €484,036 | €447,326 | -€36,710 | -7.6% |
| Fixed assets | 21/28 | €183,427 | €87,178 | -€96,249 | -52.5% |
| Tangible fixed assets | 22/27 | €183,427 | €87,178 | -€96,249 | -52.5% |
| Land and buildings | 22 | €88,122 | €85,660 | -€2,462 | -2.8% |
| Plant, machinery and equipment | 23 | €93,564 | €0 | -€93,564 | -100% |
| Furniture and vehicles | 24 | €1,740 | €1,518 | -€222 | -12.8% |
| Current assets | 29/58 | €300,609 | €360,149 | +€59,539 | +19.8% |
| Amounts receivable after more than one year | 29 | €126,046 | €120,500 | -€5,546 | -4.4% |
| Other amounts receivable | 291 | €126,046 | €120,500 | -€5,546 | -4.4% |
| Amounts receivable within one year | 40/41 | €2,585 | €102,585 | +€100,000 | +3,869% |
| Other amounts receivable | 41 | €2,585 | €102,585 | +€100,000 | +3,869% |
| Cash at bank and in hand | 54/58 | €171,343 | €136,217 | -€35,127 | -20.5% |
| Deferred charges and accrued income | 490/1 | €635 | €847 | +€212 | +33.3% |
| Total equity and liabilities | 10/49 | €484,036 | €447,326 | -€36,710 | -7.6% |
| Equity | 10/15 | €452,354 | €429,928 | -€22,425 | -5.0% |
| Contributions | 10/11 | €275,320 | €275,320 | = | 0.0% |
| Reserves | 13 | €113,145 | €90,532 | -€22,613 | -20.0% |
| Tax-exempt reserves | 132 | €45,113 | €0 | -€45,113 | -100% |
| Distributable reserves | 133 | €68,032 | €90,532 | +€22,500 | +33.1% |
| Profit (loss) carried forward | 14 | €63,889 | €64,076 | +€188 | +0.3% |
| Provisions and deferred taxes | 16 | €15,038 | €0 | -€15,038 | -100% |
| Deferred taxes | 168 | €15,038 | €0 | -€15,038 | -100% |
| Amounts payable | 17/49 | €16,645 | €17,398 | +€753 | +4.5% |
| Amounts payable within one year | 42/48 | €16,645 | €17,398 | +€753 | +4.5% |
| Trade debts | 44 | €1,854 | €750 | -€1,104 | -59.6% |
| Suppliers | 440/4 | €1,854 | €750 | -€1,104 | -59.6% |
| Taxes, remuneration and social security | 45 | - | €2,250 | +€2,250 | |
| Taxes | 450/3 | - | €2,250 | +€2,250 | |
| Other amounts payable | 47/48 | €14,791 | €14,398 | -€393 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,806 | €2,685 | -€7,121 | -72.6% |
| Other operating charges | 640/8 | €449 | €26,447 | +€25,998 | +5,794% |
| Gross operating margin | 9900 | -€1,490 | -€12,720 | -€11,229 | -753% |
| Operating profit (loss) | 9901 | -€11,745 | -€41,851 | -€30,106 | -256% |
| Financial income | 75/76B | €3,883 | €6,846 | +€2,963 | +76.3% |
| Recurring financial income | 75 | €3,883 | €6,846 | +€2,963 | +76.3% |
| Financial charges | 65/66B | €189 | €208 | +€19 | +10.1% |
| Recurring financial charges | 65 | €189 | €208 | +€19 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,051 | -€35,213 | -€27,162 | -337% |
| Transfer from deferred taxes | 780 | €1,140 | €15,038 | +€13,898 | +1,219% |
| Income taxes | 67/77 | €0 | €2,250 | +€2,250 | |
| Profit (loss) for the period | 9904 | -€6,911 | -€22,425 | -€15,514 | -224% |
| Transfer from tax-exempt reserves | 789 | €3,419 | €45,113 | +€41,694 | +1,219% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,492 | €22,688 | +€26,180 |
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 15 October 2026 via checked.be.