VDP SAFETY: 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.
What changed
VDP SAFETY
NACE 46.900, Non-specialised wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€68,152
2024 · €219,394-€151,242
Equity
€9.0m
2024 · €9.0m+€68,152
Cash
€37,612
2024 · €134,375-€96,764
Balance sheet total
€18.0m
2024 · €19.5m-€1.5m
Largest movements
Assets
- Receivables within one year -€1.3m
down €1.3m (-7.1%), from €18.8m to €17.5m
of which Other amounts receivable: -€1.5m
Equity and liabilities
- Trade debts -€1.7m
down €1.7m (-17.4%), from €9.6m to €7.9m
Income statement
- Goods and materials +€1.3m
up €1.3m (+2.3%), from €58.6m to €59.9m
- Turnover +€1.3m
up €1.3m (+1.7%), from €77.9m to €79.2m
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.
Result 2024
€219,394
Turnover
+€1.3m
Other operating income
-€117,658
Goods and materials
-€1.3m
Services and other goods
+€347,832
Staff costs
-€537,854
Depreciation
-€21,436
Provisions
+€418
Other operating charges
+€9,832
Other operating items
+€54,018
Financial income
-€22,691
Financial charges
+€127,277
Taxes
+€52,430
Result 2025
€68,152
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€12,557
Investment
-€84,207
Financing
€0
Cash 2024
€134,375
From operations (derived)
-€12,557
Net result for the year
+€68,152
Depreciation
+€137,876
Receivables within one year
+€1.3m
Smaller working-capital items
-€618
Trade debts
-€1.7m
Tax, wage and social debts
+€101,965
Other debts
+€73,556
Accrued charges and deferred income
-€62,117
Investment (derived)
-€84,207
Investment in fixed assets (net)
-€84,207
Cash 2025
€37,612
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,503,614 | €18,022,795 | -€1.5m | -7.6% |
| Fixed assets | 21/28 | €544,503 | €490,834 | -€53,669 | -9.9% |
| Tangible fixed assets | 22/27 | €540,127 | €486,459 | -€53,669 | -9.9% |
| Plant, machinery and equipment | 23 | €446 | €89 | -€357 | -80.0% |
| Furniture and vehicles | 24 | €539,681 | €486,370 | -€53,312 | -9.9% |
| Financial fixed assets | 28 | €4,375 | €4,375 | = | 0.0% |
| Other financial fixed assets | 284/8 | €4,375 | €4,375 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €4,375 | €4,375 | = | 0.0% |
| Current assets | 29/58 | €18,959,111 | €17,531,960 | -€1.4m | -7.5% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €18,824,736 | €17,494,149 | -€1.3m | -7.1% |
| Trade receivables | 40 | €16,368,619 | €16,552,822 | +€184,203 | +1.1% |
| Other amounts receivable | 41 | €2,456,116 | €941,327 | -€1.5m | -61.7% |
| Cash at bank and in hand | 54/58 | €134,375 | €37,612 | -€96,764 | -72.0% |
| Deferred charges and accrued income | 490/1 | - | €200 | +€200 | |
| Total equity and liabilities | 10/49 | €19,503,614 | €18,022,795 | -€1.5m | -7.6% |
| Equity | 10/15 | €8,974,525 | €9,042,677 | +€68,152 | +0.8% |
| Contributions | 10/11 | €1,226,453 | €1,226,453 | = | 0.0% |
| Capital | 10 | €1,226,453 | €1,226,453 | = | 0.0% |
| Issued capital | 100 | €1,226,453 | €1,226,453 | = | 0.0% |
| Reserves | 13 | €7,748,072 | €7,816,224 | +€68,152 | +0.9% |
| Non-distributable reserves | 130/1 | €122,645 | €122,645 | = | 0.0% |
| Legal reserve | 130 | €122,645 | €122,645 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,949 | €5,949 | = | 0.0% |
| Distributable reserves | 133 | €7,619,477 | €7,687,629 | +€68,152 | +0.9% |
| Provisions and deferred taxes | 16 | €418 | €0 | -€418 | -100% |
| Provisions for liabilities and charges | 160/5 | €418 | €0 | -€418 | -100% |
| Pensions and similar obligations | 160 | €418 | €0 | -€418 | -100% |
| Amounts payable | 17/49 | €10,528,670 | €8,980,118 | -€1.5m | -14.7% |
| Amounts payable within one year | 42/48 | €10,439,370 | €8,952,936 | -€1.5m | -14.2% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €9,574,301 | €7,912,345 | -€1.7m | -17.4% |
| Suppliers | 440/4 | €9,574,301 | €7,912,345 | -€1.7m | -17.4% |
| Taxes, remuneration and social security | 45 | €865,069 | €967,034 | +€101,965 | +11.8% |
| Taxes | 450/3 | €45,673 | €93,226 | +€47,552 | +104% |
| Remuneration and social security | 454/9 | €819,396 | €873,809 | +€54,413 | +6.6% |
| Other amounts payable | 47/48 | - | €73,556 | +€73,556 | |
| Accrued charges and deferred income | 492/3 | €89,299 | €27,182 | -€62,117 | -69.6% |
| Operating income | 70/76A | €78,482,681 | €79,652,810 | +€1.2m | +1.5% |
| Turnover | 70 | €77,905,077 | €79,192,865 | +€1.3m | +1.7% |
| Other operating income | 74 | €577,604 | €459,945 | -€117,658 | -20.4% |
| Operating charges | 60/66A | €77,967,917 | €79,446,306 | +€1.5m | +1.9% |
| Goods for resale, raw materials and consumables | 60 | €58,607,038 | €59,938,237 | +€1.3m | +2.3% |
| Purchases | 600/8 | €58,607,038 | €59,938,237 | +€1.3m | +2.3% |
| Services and other goods | 61 | €14,414,549 | €14,066,717 | -€347,832 | -2.4% |
| Remuneration, social security and pensions | 62 | €4,698,766 | €5,236,619 | +€537,854 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,439 | €137,876 | +€21,436 | +18.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€418 | -€418 | |
| Other operating charges | 640/8 | €19,658 | €9,826 | -€9,832 | -50.0% |
| Non-recurring operating charges | 66A | €111,467 | €57,449 | -€54,018 | -48.5% |
| Operating profit (loss) | 9901 | €514,764 | €206,505 | -€308,260 | -59.9% |
| Financial income | 75/76B | €43,362 | €20,671 | -€22,691 | -52.3% |
| Recurring financial income | 75 | €43,362 | €20,671 | -€22,691 | -52.3% |
| Income from current assets | 751 | €41,338 | €20,207 | -€21,131 | -51.1% |
| Other financial income | 752/9 | €2,024 | €465 | -€1,559 | -77.0% |
| Financial charges | 65/66B | €223,059 | €95,782 | -€127,277 | -57.1% |
| Recurring financial charges | 65 | €223,059 | €95,782 | -€127,277 | -57.1% |
| Debt charges | 650 | €192,026 | €62,302 | -€129,724 | -67.6% |
| Other financial charges | 652/9 | €31,033 | €33,479 | +€2,447 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €335,067 | €131,394 | -€203,673 | -60.8% |
| Income taxes | 67/77 | €115,673 | €63,243 | -€52,430 | -45.3% |
| Taxes | 670/3 | €115,673 | €64,000 | -€51,673 | -44.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €757 | +€757 | |
| Profit (loss) for the period | 9904 | €219,394 | €68,152 | -€151,242 | -68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €219,394 | €68,152 | -€151,242 | -68.9% |
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 20 October 2026 via checked.be.