VDP TRUCKS: 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 TRUCKS
Largest movements
- Receivables within one year +€55,216
up €55,216 (+91.0%), from €60,660 to €115,876
of which Trade receivables: +€66,550
- Tangible fixed assets -€18,002
down €18,002 (-16.2%), from €111,440 to €93,437
of which Leasing and similar rights: -€13,286
- Cash -€12,037
down €12,037 (-79.5%), from €15,142 to €3,106
mainly Receivables within one year (-€55,216) and Debts after one year (-€12,053)
- Reserves +€31,548
up €31,548 (+34.1%), from €92,427 to €123,975
- Debts after one year -€12,053
down €12,053 (-17.9%), from €67,454 to €55,400
- Current portion of long-term debt +€2,885
up €2,885 (+24.9%), from €11,591 to €14,476
- Gross operating margin +€24,787
up €24,787 (+54.1%), from €45,833 to €70,620
- Taxes +€8,373
up €8,373 (+185%), from €4,526 to €12,899
- Other operating charges +€4,324
up €4,324 (+696%), from €622 to €4,946
- Depreciation +€3,373
up €3,373 (+23.1%), from €14,629 to €18,002
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 | €191,735 | €215,559 | +€23,824 | +12.4% |
| Fixed assets | 21/28 | €111,440 | €93,437 | -€18,002 | -16.2% |
| Tangible fixed assets | 22/27 | €111,440 | €93,437 | -€18,002 | -16.2% |
| Plant, machinery and equipment | 23 | €4,713 | €3,296 | -€1,417 | -30.1% |
| Furniture and vehicles | 24 | €28,907 | €25,607 | -€3,300 | -11.4% |
| Leasing and similar rights | 25 | €77,820 | €64,534 | -€13,286 | -17.1% |
| Current assets | 29/58 | €80,295 | €122,121 | +€41,827 | +52.1% |
| Amounts receivable within one year | 40/41 | €60,660 | €115,876 | +€55,216 | +91.0% |
| Trade receivables | 40 | €37,813 | €104,363 | +€66,550 | +176% |
| Other amounts receivable | 41 | €22,848 | €11,514 | -€11,334 | -49.6% |
| Cash at bank and in hand | 54/58 | €15,142 | €3,106 | -€12,037 | -79.5% |
| Deferred charges and accrued income | 490/1 | €4,492 | €3,139 | -€1,353 | -30.1% |
| Total equity and liabilities | 10/49 | €191,735 | €215,559 | +€23,824 | +12.4% |
| Equity | 10/15 | €97,427 | €128,975 | +€31,548 | +32.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €92,427 | €123,975 | +€31,548 | +34.1% |
| Distributable reserves | 133 | €92,427 | €123,975 | +€31,548 | +34.1% |
| Amounts payable | 17/49 | €94,308 | €86,584 | -€7,724 | -8.2% |
| Amounts payable after more than one year | 17 | €67,454 | €55,400 | -€12,053 | -17.9% |
| Financial debts | 170/4 | €67,454 | €55,400 | -€12,053 | -17.9% |
| Amounts payable within one year | 42/48 | €26,854 | €31,183 | +€4,329 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €11,591 | €14,476 | +€2,885 | +24.9% |
| Trade debts | 44 | €6,251 | €6,908 | +€656 | +10.5% |
| Suppliers | 440/4 | €6,251 | €6,908 | +€656 | +10.5% |
| Taxes, remuneration and social security | 45 | €8,672 | €9,610 | +€938 | +10.8% |
| Taxes | 450/3 | €6,156 | €5,725 | -€431 | -7.0% |
| Remuneration and social security | 454/9 | €2,516 | €3,885 | +€1,369 | +54.4% |
| Other amounts payable | 47/48 | €340 | €189 | -€151 | -44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,629 | €18,002 | +€3,373 | +23.1% |
| Other operating charges | 640/8 | €622 | €4,946 | +€4,324 | +696% |
| Gross operating margin | 9900 | €45,833 | €70,620 | +€24,787 | +54.1% |
| Operating profit (loss) | 9901 | €30,582 | €47,672 | +€17,089 | +55.9% |
| Financial income | 75/76B | €589 | €599 | +€10 | +1.7% |
| Recurring financial income | 75 | €589 | €599 | +€10 | +1.7% |
| Financial charges | 65/66B | €3,398 | €3,823 | +€425 | +12.5% |
| Recurring financial charges | 65 | €3,398 | €3,823 | +€425 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €27,773 | €44,447 | +€16,674 | +60.0% |
| Income taxes | 67/77 | €4,526 | €12,899 | +€8,373 | +185% |
| Profit (loss) for the period | 9904 | €23,248 | €31,548 | +€8,301 | +35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,248 | €31,548 | +€8,301 | +35.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.