VDP Interieur: 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 Interieur
Largest movements
- Tangible fixed assets +€57,196
up €57,196 (+51.1%), from €112,037 to €169,232
of which Plant, machinery and equipment: +€54,953
- Receivables within one year -€11,158
down €11,158 (-43.1%), from €25,867 to €14,709
of which Trade receivables: -€12,782
- Cash -€5,871
down €5,871 (-3.4%), from €173,554 to €167,683
mainly Investment in fixed assets (net) (-€104,469) and Trade debts (-€20,457)
- Reserves +€28,433
up €28,433 (+23.1%), from €123,039 to €151,472
of which Distributable reserves: +€22,858
- Trade debts -€20,457
down €20,457 (-51.8%), from €39,497 to €19,040
- Current portion of long-term debt +€13,157
up €13,157 (+47.5%), from €27,691 to €40,848
- Debts after one year +€12,303
up €12,303 (+16.9%), from €73,012 to €85,314
- Other debts +€8,141
up €8,141 (+42.2%), from €19,304 to €27,445
- Gross operating margin +€41,041
up €41,041 (+21.5%), from €190,942 to €231,983
- Depreciation +€17,722
up €17,722 (+58.5%), from €30,277 to €47,998
- Staff costs +€6,453
up €6,453 (+5.4%), from €118,426 to €124,879
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 | €336,966 | €371,953 | +€34,987 | +10.4% |
| Fixed assets | 21/28 | €114,227 | €170,698 | +€56,471 | +49.4% |
| Intangible fixed assets | 21 | €2,185 | €1,461 | -€724 | -33.1% |
| Tangible fixed assets | 22/27 | €112,037 | €169,232 | +€57,196 | +51.1% |
| Land and buildings | 22 | €55,456 | €47,871 | -€7,585 | -13.7% |
| Plant, machinery and equipment | 23 | €22,792 | €77,745 | +€54,953 | +241% |
| Furniture and vehicles | 24 | €33,789 | €43,617 | +€9,828 | +29.1% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €222,739 | €201,254 | -€21,484 | -9.6% |
| Stocks and contracts in progress | 3 | €9,035 | €5,971 | -€3,064 | -33.9% |
| Stocks | 30/36 | €9,035 | €5,971 | -€3,064 | -33.9% |
| Amounts receivable within one year | 40/41 | €25,867 | €14,709 | -€11,158 | -43.1% |
| Trade receivables | 40 | €24,990 | €12,207 | -€12,782 | -51.2% |
| Other amounts receivable | 41 | €878 | €2,502 | +€1,624 | +185% |
| Cash at bank and in hand | 54/58 | €173,554 | €167,683 | -€5,871 | -3.4% |
| Deferred charges and accrued income | 490/1 | €14,283 | €12,891 | -€1,392 | -9.7% |
| Total equity and liabilities | 10/49 | €336,966 | €371,953 | +€34,987 | +10.4% |
| Equity | 10/15 | €129,239 | €157,672 | +€28,433 | +22.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €123,039 | €151,472 | +€28,433 | +23.1% |
| Tax-exempt reserves | 132 | €3,310 | €8,885 | +€5,575 | +168% |
| Distributable reserves | 133 | €119,730 | €142,587 | +€22,858 | +19.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €827 | €2,221 | +€1,394 | +168% |
| Deferred taxes | 168 | €827 | €2,221 | +€1,394 | +168% |
| Amounts payable | 17/49 | €206,899 | €212,059 | +€5,160 | +2.5% |
| Amounts payable after more than one year | 17 | €73,012 | €85,314 | +€12,303 | +16.9% |
| Financial debts | 170/4 | €73,012 | €85,314 | +€12,303 | +16.9% |
| Amounts payable within one year | 42/48 | €133,453 | €126,008 | -€7,445 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €27,691 | €40,848 | +€13,157 | +47.5% |
| Financial debts | 43 | €655 | €745 | +€90 | +13.7% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €655 | €745 | +€90 | +13.7% |
| Trade debts | 44 | €39,497 | €19,040 | -€20,457 | -51.8% |
| Suppliers | 440/4 | €39,497 | €19,040 | -€20,457 | -51.8% |
| Advances received on contracts in progress | 46 | €38,301 | €33,994 | -€4,307 | -11.2% |
| Taxes, remuneration and social security | 45 | €8,005 | €3,935 | -€4,069 | -50.8% |
| Taxes | 450/3 | €8,005 | €3,935 | -€4,069 | -50.8% |
| Other amounts payable | 47/48 | €19,304 | €27,445 | +€8,141 | +42.2% |
| Accrued charges and deferred income | 492/3 | €435 | €737 | +€303 | +69.7% |
| Non-recurring operating income | 76A | - | €23,122 | +€23,122 | |
| Remuneration, social security and pensions | 62 | €118,426 | €124,879 | +€6,453 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,277 | €47,998 | +€17,722 | +58.5% |
| Other operating charges | 640/8 | €3,120 | €2,575 | -€545 | -17.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €190,942 | €231,983 | +€41,041 | +21.5% |
| Operating profit (loss) | 9901 | €39,120 | €56,531 | +€17,411 | +44.5% |
| Financial income | 75/76B | €2,356 | €2,007 | -€349 | -14.8% |
| Recurring financial income | 75 | €2,356 | €2,007 | -€349 | -14.8% |
| Financial charges | 65/66B | €4,039 | €5,625 | +€1,585 | +39.3% |
| Recurring financial charges | 65 | €4,039 | €5,625 | +€1,585 | +39.3% |
| Profit (loss) for the period before taxes | 9903 | €37,437 | €52,913 | +€15,476 | +41.3% |
| Transfer from deferred taxes | 780 | €260 | €606 | +€346 | +133% |
| Transfer to deferred taxes | 680 | - | €2,000 | +€2,000 | |
| Income taxes | 67/77 | €11,999 | €11,487 | -€512 | -4.3% |
| Profit (loss) for the period | 9904 | €25,698 | €40,033 | +€14,335 | +55.8% |
| Transfer from tax-exempt reserves | 789 | €1,040 | €2,425 | +€1,385 | +133% |
| Transfer to tax-exempt reserves | 689 | - | €8,000 | +€8,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,738 | €34,458 | +€7,720 | +28.9% |
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 23 October 2026 via checked.be.