VDP-services: 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-services
Largest movements
- Tangible fixed assets -€27,306
down €27,306 (-4.7%), from €579,504 to €552,198
of which Land and buildings: -€24,610
- Receivables within one year +€10,285
up €10,285 (+12.2%), from €84,418 to €94,703
of which Trade receivables: +€18,762
- Debts after one year -€37,641
down €37,641 (-7.4%), from €506,398 to €468,757
of which Financial debts: -€30,192
- Trade debts -€31,219
down €31,219 (-50.8%), from €61,446 to €30,228
- Other debts +€30,302
up €30,302 (+56.8%), from €53,321 to €83,623
- Tax, wage and social debts +€27,428
up €27,428 (+114.8%), from €23,894 to €51,322
of which Taxes: +€14,229
- Reserves -€12,199
no longer reported in 2025 (was €12,199)
- Gross operating margin +€67,268
up €67,268 (+50.6%), from €132,876 to €200,144
- Staff costs +€31,930
up €31,930 (+38.1%), from €83,803 to €115,733
- Taxes +€9,129
new in 2025: €9,129
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.
Cash bridge derived
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 | €704,230 | €681,571 | -€22,659 | -3.2% |
| Formation expenses | 20 | €229 | - | -€229 | |
| Fixed assets | 21/28 | €579,504 | €552,198 | -€27,306 | -4.7% |
| Tangible fixed assets | 22/27 | €579,504 | €552,198 | -€27,306 | -4.7% |
| Land and buildings | 22 | €538,583 | €513,973 | -€24,610 | -4.6% |
| Plant, machinery and equipment | 23 | €36,122 | €31,501 | -€4,621 | -12.8% |
| Furniture and vehicles | 24 | €4,799 | €6,724 | +€1,925 | +40.1% |
| Current assets | 29/58 | €124,497 | €129,373 | +€4,876 | +3.9% |
| Stocks and contracts in progress | 3 | €23,251 | €19,502 | -€3,749 | -16.1% |
| Stocks | 30/36 | €23,251 | €19,502 | -€3,749 | -16.1% |
| Amounts receivable within one year | 40/41 | €84,418 | €94,703 | +€10,285 | +12.2% |
| Trade receivables | 40 | €70,932 | €89,694 | +€18,762 | +26.5% |
| Other amounts receivable | 41 | €13,486 | €5,009 | -€8,477 | -62.9% |
| Cash at bank and in hand | 54/58 | €12,958 | €10,873 | -€2,085 | -16.1% |
| Deferred charges and accrued income | 490/1 | €3,870 | €4,295 | +€425 | +11.0% |
| Total equity and liabilities | 10/49 | €704,230 | €681,571 | -€22,659 | -3.2% |
| Equity | 10/15 | €22,199 | €10,000 | -€12,199 | -55.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €12,199 | - | -€12,199 | |
| Distributable reserves | 133 | €12,199 | - | -€12,199 | |
| Amounts payable | 17/49 | €682,031 | €671,571 | -€10,461 | -1.5% |
| Amounts payable after more than one year | 17 | €506,398 | €468,757 | -€37,641 | -7.4% |
| Financial debts | 170/4 | €460,285 | €430,093 | -€30,192 | -6.6% |
| Other amounts payable | 178/9 | €46,113 | €38,664 | -€7,449 | -16.2% |
| Amounts payable within one year | 42/48 | €175,633 | €202,814 | +€27,181 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €36,972 | €37,641 | +€670 | +1.8% |
| Trade debts | 44 | €61,446 | €30,228 | -€31,219 | -50.8% |
| Suppliers | 440/4 | €61,446 | €30,228 | -€31,219 | -50.8% |
| Taxes, remuneration and social security | 45 | €23,894 | €51,322 | +€27,428 | +114.8% |
| Taxes | 450/3 | €18,122 | €32,351 | +€14,229 | +78.5% |
| Remuneration and social security | 454/9 | €5,772 | €18,971 | +€13,199 | +228.7% |
| Other amounts payable | 47/48 | €53,321 | €83,623 | +€30,302 | +56.8% |
| Remuneration, social security and pensions | 62 | €83,803 | €115,733 | +€31,930 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,526 | €35,697 | +€1,171 | +3.4% |
| Other operating charges | 640/8 | €3,687 | €4,512 | +€825 | +22.4% |
| Gross operating margin | 9900 | €132,876 | €200,144 | +€67,268 | +50.6% |
| Operating profit (loss) | 9901 | €10,860 | €44,203 | +€33,342 | +307.0% |
| Financial income | 75/76B | €118 | €71 | -€47 | -40.1% |
| Recurring financial income | 75 | €118 | €71 | -€47 | -40.1% |
| Financial charges | 65/66B | €8,761 | €9,454 | +€693 | +7.9% |
| Recurring financial charges | 65 | €8,761 | €9,454 | +€693 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €2,217 | €34,820 | +€32,602 | +1470.3% |
| Income taxes | 67/77 | - | €9,129 | +€9,129 | |
| Profit (loss) for the period | 9904 | €2,217 | €25,691 | +€23,474 | +1058.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,217 | €25,691 | +€23,474 | +1058.6% |
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 9 October 2026 via checked.be.