VDQ 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.
VDQ SERVICES
Largest movements
- Tangible fixed assets +€13,405
up €13,405 (+36.4%), from €36,794 to €50,199
of which Plant, machinery and equipment: +€14,137
- Cash -€5,195
down €5,195 (-68.2%), from €7,620 to €2,425
mainly Net result for the year (-€123,974) and Investment in fixed assets (net) (-€28,000)
- Receivables within one year +€1,871
up €1,871 (+2.7%), from €69,388 to €71,259
of which Trade receivables: +€1,854
- Profit (loss) carried forward -€123,974
down €123,974, from €15,902 to -€108,072
- Other debts +€86,786
up €86,786 (+447.4%), from €19,398 to €106,184
- Trade debts +€39,026
up €39,026 (+78.5%), from €49,720 to €88,746
- Debts after one year +€11,424
up €11,424 (+210.9%), from €5,415 to €16,839
- Tax, wage and social debts -€5,841
down €5,841 (-44.5%), from €13,135 to €7,294
of which Taxes: -€7,436
- Gross operating margin -€105,891
down €105,891, from €4,426 to -€101,465
- Depreciation +€5,791
up €5,791 (+65.8%), from €8,805 to €14,595
- Staff costs +€3,108
new in 2025: €3,108
- Financial charges +€1,217
up €1,217 (+76.7%), from €1,587 to €2,804
- Other operating charges +€1,077
up €1,077 (+76.6%), from €1,405 to €2,482
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 | €114,050 | €124,160 | +€10,110 | +8.9% |
| Fixed assets | 21/28 | €36,794 | €50,199 | +€13,405 | +36.4% |
| Tangible fixed assets | 22/27 | €36,794 | €50,199 | +€13,405 | +36.4% |
| Plant, machinery and equipment | 23 | - | €14,137 | +€14,137 | |
| Furniture and vehicles | 24 | €36,794 | €36,062 | -€732 | -2.0% |
| Current assets | 29/58 | €77,256 | €73,961 | -€3,295 | -4.3% |
| Amounts receivable within one year | 40/41 | €69,388 | €71,259 | +€1,871 | +2.7% |
| Trade receivables | 40 | €69,388 | €71,242 | +€1,854 | +2.7% |
| Other amounts receivable | 41 | - | €17 | +€17 | |
| Cash at bank and in hand | 54/58 | €7,620 | €2,425 | -€5,195 | -68.2% |
| Deferred charges and accrued income | 490/1 | €249 | €277 | +€29 | +11.6% |
| Total equity and liabilities | 10/49 | €114,050 | €124,160 | +€10,110 | +8.9% |
| Equity | 10/15 | €15,902 | -€108,072 | -€123,974 | |
| Contributions | 10/11 | - | €0 | = | |
| Profit (loss) carried forward | 14 | €15,902 | -€108,072 | -€123,974 | |
| Amounts payable | 17/49 | €98,148 | €232,232 | +€134,083 | +136.6% |
| Amounts payable after more than one year | 17 | €5,415 | €16,839 | +€11,424 | +210.9% |
| Financial debts | 170/4 | €5,415 | €16,839 | +€11,424 | +210.9% |
| Amounts payable within one year | 42/48 | €92,733 | €215,393 | +€122,660 | +132.3% |
| Current portion of amounts payable after more than one year | 42 | €10,480 | €13,169 | +€2,689 | +25.7% |
| Trade debts | 44 | €49,720 | €88,746 | +€39,026 | +78.5% |
| Suppliers | 440/4 | €49,720 | €88,746 | +€39,026 | +78.5% |
| Taxes, remuneration and social security | 45 | €13,135 | €7,294 | -€5,841 | -44.5% |
| Taxes | 450/3 | €13,135 | €5,699 | -€7,436 | -56.6% |
| Remuneration and social security | 454/9 | - | €1,595 | +€1,595 | |
| Other amounts payable | 47/48 | €19,398 | €106,184 | +€86,786 | +447.4% |
| Remuneration, social security and pensions | 62 | - | €3,108 | +€3,108 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,805 | €14,595 | +€5,791 | +65.8% |
| Other operating charges | 640/8 | €1,405 | €2,482 | +€1,077 | +76.6% |
| Gross operating margin | 9900 | €4,426 | -€101,465 | -€105,891 | |
| Operating profit (loss) | 9901 | -€5,784 | -€121,650 | -€115,866 | -2003.2% |
| Financial income | 75/76B | €47 | €480 | +€432 | +911.9% |
| Recurring financial income | 75 | €47 | €480 | +€432 | +911.9% |
| Financial charges | 65/66B | €1,587 | €2,804 | +€1,217 | +76.7% |
| Recurring financial charges | 65 | €1,587 | €2,804 | +€1,217 | +76.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,323 | -€123,974 | -€116,650 | -1592.9% |
| Profit (loss) for the period | 9904 | -€7,323 | -€123,974 | -€116,650 | -1592.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,323 | -€123,974 | -€116,650 | -1592.9% |
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 9 October 2026 via checked.be.