VDP SERVICE: 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 SERVICE
Largest movements
- Cash +€73,840
up €73,840 (+214%), from €34,498 to €108,338
mainly Net result for the year (+€96,244) and Tax, wage and social debts (+€54,697)
- Receivables within one year +€17,897
up €17,897 (+74.7%), from €23,972 to €41,869
of which Trade receivables: +€12,712
- Tangible fixed assets -€9,331
down €9,331 (-21.1%), from €44,181 to €34,850
of which Furniture and vehicles: -€5,344
- Tax, wage and social debts +€54,697
up €54,697 (+308%), from €17,737 to €72,434
of which Taxes: +€54,559
- Reserves +€36,380
up €36,380 (+57.0%), from €63,850 to €100,230
- Debts after one year -€6,181
down €6,181 (-92.2%), from €6,700 to €519
- Trade debts -€2,353
no longer reported in 2025 (was €2,353)
- Gross operating margin +€109,031
up €109,031 (+221%), from €49,268 to €158,298
- Taxes +€34,073
up €34,073 (+902%), from €3,779 to €37,851
- Depreciation -€8,858
down €8,858 (-62.6%), from €14,140 to €5,281
- Staff costs -€1,815
down €1,815 (-8.6%), from €21,072 to €19,256
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 | €102,766 | €185,404 | +€82,639 | +80.4% |
| Fixed assets | 21/28 | €44,181 | €34,850 | -€9,331 | -21.1% |
| Tangible fixed assets | 22/27 | €44,181 | €34,850 | -€9,331 | -21.1% |
| Land and buildings | 22 | €12,952 | €12,517 | -€436 | -3.4% |
| Plant, machinery and equipment | 23 | €25,061 | €21,509 | -€3,552 | -14.2% |
| Furniture and vehicles | 24 | €6,168 | €823 | -€5,344 | -86.6% |
| Current assets | 29/58 | €58,585 | €150,555 | +€91,970 | +157% |
| Amounts receivable within one year | 40/41 | €23,972 | €41,869 | +€17,897 | +74.7% |
| Trade receivables | 40 | €2,202 | €14,914 | +€12,712 | +577% |
| Other amounts receivable | 41 | €21,770 | €26,954 | +€5,184 | +23.8% |
| Cash at bank and in hand | 54/58 | €34,498 | €108,338 | +€73,840 | +214% |
| Deferred charges and accrued income | 490/1 | €115 | €348 | +€234 | +204% |
| Total equity and liabilities | 10/49 | €102,766 | €185,404 | +€82,639 | +80.4% |
| Equity | 10/15 | €68,850 | €105,230 | +€36,380 | +52.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €63,850 | €100,230 | +€36,380 | +57.0% |
| Distributable reserves | 133 | €63,850 | €100,230 | +€36,380 | +57.0% |
| Amounts payable | 17/49 | €33,916 | €80,174 | +€46,258 | +136% |
| Amounts payable after more than one year | 17 | €6,700 | €519 | -€6,181 | -92.2% |
| Financial debts | 170/4 | €6,700 | €519 | -€6,181 | -92.2% |
| Amounts payable within one year | 42/48 | €27,216 | €79,655 | +€52,439 | +193% |
| Current portion of amounts payable after more than one year | 42 | €6,085 | €6,181 | +€96 | +1.6% |
| Trade debts | 44 | €2,353 | - | -€2,353 | |
| Suppliers | 440/4 | €2,353 | - | -€2,353 | |
| Taxes, remuneration and social security | 45 | €17,737 | €72,434 | +€54,697 | +308% |
| Taxes | 450/3 | €16,091 | €70,651 | +€54,559 | +339% |
| Remuneration and social security | 454/9 | €1,646 | €1,783 | +€137 | +8.4% |
| Other amounts payable | 47/48 | €1,040 | €1,040 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €21,072 | €19,256 | -€1,815 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,140 | €5,281 | -€8,858 | -62.6% |
| Other operating charges | 640/8 | €730 | €495 | -€236 | -32.3% |
| Gross operating margin | 9900 | €49,268 | €158,298 | +€109,031 | +221% |
| Operating profit (loss) | 9901 | €13,326 | €133,266 | +€119,940 | +900% |
| Financial income | 75/76B | €1,149 | €1,318 | +€169 | +14.7% |
| Recurring financial income | 75 | €1,149 | €1,318 | +€169 | +14.7% |
| Financial charges | 65/66B | €722 | €488 | -€234 | -32.4% |
| Recurring financial charges | 65 | €722 | €488 | -€234 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €13,753 | €134,095 | +€120,342 | +875% |
| Income taxes | 67/77 | €3,779 | €37,851 | +€34,073 | +902% |
| Profit (loss) for the period | 9904 | €9,974 | €96,244 | +€86,270 | +865% |
| Profit (loss) for the period to be appropriated | 9905 | €9,974 | €96,244 | +€86,270 | +865% |
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 29 October 2026 via checked.be.