VDR GROEP: 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.
VDR GROEP
Largest movements
- Cash +€21,945
up €21,945 (+11.4%), from €191,987 to €213,932
mainly Net result for the year (+€17,976) and Other debts (+€15,784)
- Receivables within one year +€9,435
up €9,435 (+63.8%), from €14,799 to €24,234
of which Trade receivables: +€11,276
- Tangible fixed assets -€9,169
down €9,169 (-9.5%), from €96,568 to €87,399
of which Land and buildings: -€6,524
- Reserves +€18,079
up €18,079 (+27.1%), from €66,672 to €84,751
of which Distributable reserves: +€18,079
- Other debts +€15,784
up €15,784 (+9.8%), from €160,332 to €176,115
- Debts after one year -€9,461
down €9,461 (-18.4%), from €51,554 to €42,093
- Staff costs -€6,575
down €6,575 (-40.1%), from €16,389 to €9,813
- Gross operating margin -€4,189
down €4,189 (-9.1%), from €46,017 to €41,828
- Taxes +€2,556
up €2,556 (+152%), from €1,682 to €4,238
- Financial income +€2,395
up €2,395 (+318%), from €752 to €3,147
of which Financial income: +€2,495
- Depreciation -€855
down €855 (-8.5%), from €10,024 to €9,169
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 | €317,054 | €336,198 | +€19,143 | +6.0% |
| Fixed assets | 21/28 | €96,568 | €87,399 | -€9,169 | -9.5% |
| Tangible fixed assets | 22/27 | €96,568 | €87,399 | -€9,169 | -9.5% |
| Land and buildings | 22 | €93,922 | €87,399 | -€6,524 | -6.9% |
| Furniture and vehicles | 24 | €2,645 | €0 | -€2,645 | -100% |
| Current assets | 29/58 | €220,487 | €248,799 | +€28,312 | +12.8% |
| Stocks and contracts in progress | 3 | €13,701 | €10,633 | -€3,069 | -22.4% |
| Stocks | 30/36 | €13,701 | €10,633 | -€3,069 | -22.4% |
| Amounts receivable within one year | 40/41 | €14,799 | €24,234 | +€9,435 | +63.8% |
| Trade receivables | 40 | €11,344 | €22,620 | +€11,276 | +99.4% |
| Other amounts receivable | 41 | €3,455 | €1,615 | -€1,840 | -53.3% |
| Cash at bank and in hand | 54/58 | €191,987 | €213,932 | +€21,945 | +11.4% |
| Total equity and liabilities | 10/49 | €317,054 | €336,198 | +€19,143 | +6.0% |
| Equity | 10/15 | €85,222 | €103,198 | +€17,976 | +21.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €66,672 | €84,751 | +€18,079 | +27.1% |
| Non-distributable reserves | 130/1 | €4,697 | €4,697 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,697 | €4,697 | = | 0.0% |
| Distributable reserves | 133 | €61,976 | €80,054 | +€18,079 | +29.2% |
| Profit (loss) carried forward | 14 | - | -€103 | -€103 | |
| Amounts payable | 17/49 | €231,832 | €232,999 | +€1,168 | +0.5% |
| Amounts payable after more than one year | 17 | €51,554 | €42,093 | -€9,461 | -18.4% |
| Financial debts | 170/4 | €51,554 | €42,093 | -€9,461 | -18.4% |
| Amounts payable within one year | 42/48 | €180,278 | €190,822 | +€10,544 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €11,779 | €9,461 | -€2,318 | -19.7% |
| Trade debts | 44 | €3,822 | €1,503 | -€2,319 | -60.7% |
| Suppliers | 440/4 | €3,822 | €1,503 | -€2,319 | -60.7% |
| Taxes, remuneration and social security | 45 | €4,345 | €3,742 | -€603 | -13.9% |
| Taxes | 450/3 | €1,549 | €3,295 | +€1,746 | +113% |
| Remuneration and social security | 454/9 | €2,796 | €447 | -€2,349 | -84.0% |
| Other amounts payable | 47/48 | €160,332 | €176,115 | +€15,784 | +9.8% |
| Accrued charges and deferred income | 492/3 | - | €85 | +€85 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €16,389 | €9,813 | -€6,575 | -40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,024 | €9,169 | -€855 | -8.5% |
| Other operating charges | 640/8 | €1,984 | €2,174 | +€190 | +9.6% |
| Gross operating margin | 9900 | €46,017 | €41,828 | -€4,189 | -9.1% |
| Operating profit (loss) | 9901 | €17,620 | €20,672 | +€3,052 | +17.3% |
| Financial income | 75/76B | €752 | €3,147 | +€2,395 | +318% |
| Recurring financial income | 75 | €652 | €3,147 | +€2,495 | +383% |
| Non-recurring financial income | 76B | €100 | - | -€100 | |
| Financial charges | 65/66B | €1,876 | €1,605 | -€270 | -14.4% |
| Recurring financial charges | 65 | €1,876 | €1,605 | -€270 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €16,497 | €22,214 | +€5,717 | +34.7% |
| Income taxes | 67/77 | €1,682 | €4,238 | +€2,556 | +152% |
| Profit (loss) for the period | 9904 | €14,814 | €17,976 | +€3,162 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,814 | €17,976 | +€3,162 | +21.3% |
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 19 October 2026 via checked.be.