VDP TRANS: what changed
VDP TRANS
Largest movements
- Tangible fixed assets +€246,438
up €246,438 (+157%), from €157,308 to €403,747
of which Furniture and vehicles: +€178,957
- Receivables within one year +€83,737
up €83,737 (+149%), from €56,318 to €140,055
of which Trade receivables: +€76,738
- Cash +€66,041
up €66,041 (+184%), from €35,964 to €102,005
mainly Other debts (+€199,712) and Depreciation (+€81,398)
- Deferred charges and accrued income +€12,324
up €12,324 (+332%), from €3,708 to €16,032
- Other debts +€199,712
up €199,712 (+31,831%), from €627 to €200,340
- Tax, wage and social debts +€80,572
new in 2025: €80,572
of which Remuneration and social security: +€43,142
- Reserves +€43,105
new in 2025: €43,105
- Debts after one year +€36,656
up €36,656 (+29.8%), from €123,179 to €159,835
- Current portion of long-term debt +€25,755
up €25,755 (+74.4%), from €34,609 to €60,364
- Gross operating margin +€349,817
up €349,817 (+1,365%), from €25,630 to €375,447
- Staff costs +€215,178
new in 2025: €215,178
- Depreciation +€55,908
up €55,908 (+219%), from €25,490 to €81,398
- Other operating charges +€7,573
up €7,573 (+218%), from €3,473 to €11,045
- Taxes +€6,000
new in 2025: €6,000
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €253,433 | €661,974 | +€408,540 | +161% |
| Fixed assets | 21/28 | €157,443 | €403,882 | +€246,438 | +157% |
| Tangible fixed assets | 22/27 | €157,308 | €403,747 | +€246,438 | +157% |
| Furniture and vehicles | 24 | - | €178,957 | +€178,957 | |
| Leasing and similar rights | 25 | €157,308 | €219,790 | +€62,482 | +39.7% |
| Assets under construction and advance payments | 27 | - | €5,000 | +€5,000 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €95,990 | €258,092 | +€162,102 | +169% |
| Amounts receivable within one year | 40/41 | €56,318 | €140,055 | +€83,737 | +149% |
| Trade receivables | 40 | €43,930 | €120,668 | +€76,738 | +175% |
| Other amounts receivable | 41 | €12,389 | €19,387 | +€6,999 | +56.5% |
| Cash at bank and in hand | 54/58 | €35,964 | €102,005 | +€66,041 | +184% |
| Deferred charges and accrued income | 490/1 | €3,708 | €16,032 | +€12,324 | +332% |
| Total equity and liabilities | 10/49 | €253,433 | €661,974 | +€408,540 | +161% |
| Equity | 10/15 | €90,750 | €143,105 | +€52,354 | +57.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | - | €43,105 | +€43,105 | |
| Distributable reserves | 133 | - | €43,105 | +€43,105 | |
| Profit (loss) carried forward | 14 | -€9,250 | €0 | +€9,250 | |
| Amounts payable | 17/49 | €162,683 | €518,869 | +€356,186 | +219% |
| Amounts payable after more than one year | 17 | €123,179 | €159,835 | +€36,656 | +29.8% |
| Financial debts | 170/4 | €123,179 | €159,835 | +€36,656 | +29.8% |
| Amounts payable within one year | 42/48 | €39,504 | €356,320 | +€316,817 | +802% |
| Current portion of amounts payable after more than one year | 42 | €34,609 | €60,364 | +€25,755 | +74.4% |
| Trade debts | 44 | €4,267 | €15,044 | +€10,777 | +253% |
| Suppliers | 440/4 | €4,267 | €15,044 | +€10,777 | +253% |
| Taxes, remuneration and social security | 45 | - | €80,572 | +€80,572 | |
| Taxes | 450/3 | - | €37,431 | +€37,431 | |
| Remuneration and social security | 454/9 | - | €43,142 | +€43,142 | |
| Other amounts payable | 47/48 | €627 | €200,340 | +€199,712 | +31,831% |
| Accrued charges and deferred income | 492/3 | - | €2,714 | +€2,714 | |
| Remuneration, social security and pensions | 62 | - | €215,178 | +€215,178 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,490 | €81,398 | +€55,908 | +219% |
| Other operating charges | 640/8 | €3,473 | €11,045 | +€7,573 | +218% |
| Gross operating margin | 9900 | €25,630 | €375,447 | +€349,817 | +1,365% |
| Operating profit (loss) | 9901 | -€3,333 | €67,825 | +€71,158 | |
| Financial charges | 65/66B | €5,917 | €9,471 | +€3,554 | +60.1% |
| Recurring financial charges | 65 | €5,917 | €9,471 | +€3,554 | +60.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,250 | €58,354 | +€67,604 | |
| Income taxes | 67/77 | - | €6,000 | +€6,000 | |
| Profit (loss) for the period | 9904 | -€9,250 | €52,354 | +€61,604 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,250 | €52,354 | +€61,604 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.