VDR 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.
VDR SERVICES
Largest movements
- Receivables within one year -€218,399
down €218,399 (-85.5%), from €255,404 to €37,005
of which Trade receivables: -€203,575
- Cash +€75,122
up €75,122 (+181%), from €41,407 to €116,530
mainly Receivables within one year (+€218,399) and Depreciation (+€30,133)
- Tangible fixed assets -€24,619
down €24,619 (-7.2%), from €340,877 to €316,258
- Stocks and contracts -€7,000
down €7,000 (-70.0%), from €10,007 to €3,007
- Trade debts -€90,169
down €90,169 (-87.9%), from €102,567 to €12,398
- Profit (loss) carried forward -€41,324
down €41,324 (-25.9%), from €159,379 to €118,056
- Debts after one year -€21,978
down €21,978 (-10.4%), from €210,411 to €188,433
- Tax, wage and social debts -€20,332
down €20,332 (-99.3%), from €20,484 to €153
of which Taxes: -€19,376
- Gross operating margin -€176,869
down €176,869 (-57.3%), from €308,841 to €131,972
- Staff costs -€74,323
down €74,323 (-35.2%), from €211,399 to €137,077
- Taxes -€19,345
down €19,345 (-99.0%), from €19,532 to €187
- Depreciation +€6,924
up €6,924 (+29.8%), from €23,209 to €30,133
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 | €655,130 | €481,423 | -€173,706 | -26.5% |
| Fixed assets | 21/28 | €342,257 | €317,638 | -€24,619 | -7.2% |
| Tangible fixed assets | 22/27 | €340,877 | €316,258 | -€24,619 | -7.2% |
| Land and buildings | 22 | €237,000 | €226,500 | -€10,500 | -4.4% |
| Plant, machinery and equipment | 23 | €71,689 | €64,657 | -€7,032 | -9.8% |
| Furniture and vehicles | 24 | €31,281 | €19,442 | -€11,838 | -37.8% |
| Other tangible fixed assets | 26 | €907 | €5,659 | +€4,751 | +524% |
| Financial fixed assets | 28 | €1,380 | €1,380 | = | 0.0% |
| Current assets | 29/58 | €312,872 | €163,785 | -€149,087 | -47.7% |
| Stocks and contracts in progress | 3 | €10,007 | €3,007 | -€7,000 | -70.0% |
| Stocks | 30/36 | €10,007 | €3,007 | -€7,000 | -70.0% |
| Amounts receivable within one year | 40/41 | €255,404 | €37,005 | -€218,399 | -85.5% |
| Trade receivables | 40 | €235,083 | €31,509 | -€203,575 | -86.6% |
| Other amounts receivable | 41 | €20,320 | €5,496 | -€14,824 | -73.0% |
| Cash at bank and in hand | 54/58 | €41,407 | €116,530 | +€75,122 | +181% |
| Deferred charges and accrued income | 490/1 | €6,055 | €7,244 | +€1,189 | +19.6% |
| Total equity and liabilities | 10/49 | €655,130 | €481,423 | -€173,706 | -26.5% |
| Equity | 10/15 | €295,246 | €253,923 | -€41,324 | -14.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €129,667 | €129,667 | = | 0.0% |
| Distributable reserves | 133 | €129,667 | €129,667 | = | 0.0% |
| Profit (loss) carried forward | 14 | €159,379 | €118,056 | -€41,324 | -25.9% |
| Amounts payable | 17/49 | €359,883 | €227,501 | -€132,383 | -36.8% |
| Amounts payable after more than one year | 17 | €210,411 | €188,433 | -€21,978 | -10.4% |
| Financial debts | 170/4 | €210,411 | €188,433 | -€21,978 | -10.4% |
| Amounts payable within one year | 42/48 | €148,313 | €37,893 | -€110,421 | -74.5% |
| Current portion of amounts payable after more than one year | 42 | €21,337 | €21,337 | = | 0.0% |
| Trade debts | 44 | €102,567 | €12,398 | -€90,169 | -87.9% |
| Suppliers | 440/4 | €102,567 | €12,398 | -€90,169 | -87.9% |
| Taxes, remuneration and social security | 45 | €20,484 | €153 | -€20,332 | -99.3% |
| Taxes | 450/3 | €19,506 | €129 | -€19,376 | -99.3% |
| Remuneration and social security | 454/9 | €978 | €23 | -€955 | -97.6% |
| Other amounts payable | 47/48 | €3,926 | €4,006 | +€80 | +2.0% |
| Accrued charges and deferred income | 492/3 | €1,159 | €1,175 | +€16 | +1.4% |
| Remuneration, social security and pensions | 62 | €211,399 | €137,077 | -€74,323 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,209 | €30,133 | +€6,924 | +29.8% |
| Other operating charges | 640/8 | €2,459 | €1,828 | -€632 | -25.7% |
| Non-recurring operating charges | 66A | €2,057 | - | -€2,057 | |
| Gross operating margin | 9900 | €308,841 | €131,972 | -€176,869 | -57.3% |
| Operating profit (loss) | 9901 | €69,716 | -€37,065 | -€106,782 | |
| Financial income | 75/76B | €104 | €191 | +€87 | +84.2% |
| Recurring financial income | 75 | €104 | €191 | +€87 | +84.2% |
| Financial charges | 65/66B | €4,582 | €4,263 | -€319 | -7.0% |
| Recurring financial charges | 65 | €4,582 | €4,263 | -€319 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €65,238 | -€41,137 | -€106,375 | |
| Income taxes | 67/77 | €19,532 | €187 | -€19,345 | -99.0% |
| Profit (loss) for the period | 9904 | €45,706 | -€41,324 | -€87,030 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,706 | -€41,324 | -€87,030 |
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 15 October 2026 via checked.be.