VDRT: 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.
What changed
VDRT
NACE 43.110, Demolition
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€144,834
2024 · €437,322-€582,155
Equity
€805,486
2024 · €950,320-€144,834
Cash
€37,361
2024 · €246,212-€208,851
Balance sheet total
€6.2m
2024 · €7.2m-€1.0m
Largest movements
Assets
- Receivables within one year -€446,808
down €446,808 (-10.3%), from €4.3m to €3.9m
of which Other amounts receivable: -€354,600
- Tangible fixed assets -€282,174
down €282,174 (-13.7%), from €2.1m to €1.8m
of which Plant, machinery and equipment: -€151,218
- Deferred charges and accrued income -€236,834
down €236,834 (-55.5%), from €427,041 to €190,207
- Cash -€208,851
down €208,851 (-84.8%), from €246,212 to €37,361
mainly Trade debts (-€1.5m) and Investment in fixed assets (net) (-€559,317)
- Stocks and contracts +€95,964
up €95,964 (+117%), from €81,966 to €177,930
Equity and liabilities
- Trade debts -€1.5m
down €1.5m (-52.4%), from €2.9m to €1.4m
- Other debts +€677,599
up €677,599 (+77.3%), from €876,231 to €1.6m
- Tax, wage and social debts -€145,337
down €145,337 (-42.2%), from €344,360 to €199,023
of which Taxes: -€89,147
- Profit (loss) carried forward -€138,084
down €138,084 (-24.6%), from €561,267 to €423,182
Income statement
- Turnover -€3.2m
down €3.2m (-27.3%), from €11.6m to €8.4m
- Services and other goods -€1.7m
down €1.7m (-38.1%), from €4.5m to €2.8m
- Goods and materials -€1.3m
down €1.3m (-32.0%), from €4.1m to €2.8m
of which Purchases: -€1.1m
- Other operating income -€340,232
down €340,232 (-41.3%), from €824,193 to €483,961
- Staff costs +€293,773
up €293,773 (+12.5%), from €2.4m to €2.6m
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.
Result 2024
€437,322
Turnover
-€3.2m
Other operating income
-€340,232
Goods and materials
+€1.3m
Services and other goods
+€1.7m
Staff costs
-€293,773
Depreciation
-€34,397
Write-downs
+€26,131
Other operating charges
-€11,979
Other operating items
+€92,482
Financial income
+€15,002
Financial charges
-€86,092
Taxes
+€67,804
Deferred taxes and other
+€96,000
Result 2025
-€144,834
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€215,528
Investment
-€509,317
Financing
+€84,938
Cash 2024
€246,212
From operations (derived)
+€215,528
Net result for the year
-€144,834
Depreciation
+€754,056
Stocks and contracts
-€95,964
Receivables within one year
+€446,808
Deferred charges and accrued income
+€236,834
Smaller working-capital items
-€250
Trade debts
-€1.5m
Tax, wage and social debts
-€145,337
Other debts
+€677,599
Accrued charges and deferred income
-€4,406
Investment (derived)
-€509,317
Investment in fixed assets (net)
-€559,317
Current investments
+€50,000
Financing
+€84,938
Debts after one year
+€54,489
Current portion of long-term debt
+€30,449
Cash 2025
€37,361
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,211,816 | €6,170,548 | -€1.0m | -14.4% |
| Fixed assets | 21/28 | €2,071,978 | €1,877,238 | -€194,740 | -9.4% |
| Intangible fixed assets | 21 | €12,481 | €99,915 | +€87,434 | +701% |
| Tangible fixed assets | 22/27 | €2,054,130 | €1,771,956 | -€282,174 | -13.7% |
| Plant, machinery and equipment | 23 | €664,249 | €513,031 | -€151,218 | -22.8% |
| Furniture and vehicles | 24 | €481,742 | €337,766 | -€143,976 | -29.9% |
| Leasing and similar rights | 25 | €908,139 | €921,159 | +€13,020 | +1.4% |
| Financial fixed assets | 28 | €5,367 | €5,367 | = | 0.0% |
| Other financial fixed assets | 284/8 | €5,367 | €5,367 | = | 0.0% |
| Shares | 284 | €4,867 | €4,867 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €5,139,838 | €4,293,310 | -€846,529 | -16.5% |
| Stocks and contracts in progress | 3 | €81,966 | €177,930 | +€95,964 | +117% |
| Stocks | 30/36 | €81,966 | €177,930 | +€95,964 | +117% |
| Goods purchased for resale | 34 | €81,966 | €177,930 | +€95,964 | +117% |
| Amounts receivable within one year | 40/41 | €4,334,620 | €3,887,811 | -€446,808 | -10.3% |
| Trade receivables | 40 | €2,758,244 | €2,666,037 | -€92,208 | -3.3% |
| Other amounts receivable | 41 | €1,576,375 | €1,221,775 | -€354,600 | -22.5% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Other investments | 51/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €246,212 | €37,361 | -€208,851 | -84.8% |
| Deferred charges and accrued income | 490/1 | €427,041 | €190,207 | -€236,834 | -55.5% |
| Total equity and liabilities | 10/49 | €7,211,816 | €6,170,548 | -€1.0m | -14.4% |
| Equity | 10/15 | €950,320 | €805,486 | -€144,834 | -15.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €289,054 | €282,304 | -€6,750 | -2.3% |
| Non-distributable reserves | 130/1 | €7,804 | €7,804 | = | 0.0% |
| Legal reserve | 130 | €7,804 | €7,804 | = | 0.0% |
| Tax-exempt reserves | 132 | €281,250 | €274,500 | -€6,750 | -2.4% |
| Profit (loss) carried forward | 14 | €561,267 | €423,182 | -€138,084 | -24.6% |
| Provisions and deferred taxes | 16 | €93,750 | €91,500 | -€2,250 | -2.4% |
| Deferred taxes | 168 | €93,750 | €91,500 | -€2,250 | -2.4% |
| Amounts payable | 17/49 | €6,167,746 | €5,273,561 | -€894,185 | -14.5% |
| Amounts payable after more than one year | 17 | €1,281,232 | €1,335,721 | +€54,489 | +4.3% |
| Financial debts | 170/4 | €1,281,232 | €1,335,721 | +€54,489 | +4.3% |
| Leasing and similar obligations | 172 | €855,292 | €958,734 | +€103,442 | +12.1% |
| Credit institutions | 173 | €425,940 | €376,987 | -€48,953 | -11.5% |
| Amounts payable within one year | 42/48 | €4,882,108 | €3,937,840 | -€944,268 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €780,011 | €810,461 | +€30,449 | +3.9% |
| Trade debts | 44 | €2,881,507 | €1,372,527 | -€1.5m | -52.4% |
| Suppliers | 440/4 | €2,881,507 | €1,372,527 | -€1.5m | -52.4% |
| Advances received on contracts in progress | 46 | - | €2,000 | +€2,000 | |
| Taxes, remuneration and social security | 45 | €344,360 | €199,023 | -€145,337 | -42.2% |
| Taxes | 450/3 | €95,777 | €6,631 | -€89,147 | -93.1% |
| Remuneration and social security | 454/9 | €248,583 | €192,392 | -€56,191 | -22.6% |
| Other amounts payable | 47/48 | €876,231 | €1,553,830 | +€677,599 | +77.3% |
| Accrued charges and deferred income | 492/3 | €4,406 | - | -€4,406 | |
| Operating income | 70/76A | €12,377,545 | €8,975,913 | -€3.4m | -27.5% |
| Turnover | 70 | €11,553,353 | €8,399,470 | -€3.2m | -27.3% |
| Own construction capitalised | 72 | - | €92,482 | +€92,482 | |
| Other operating income | 74 | €824,193 | €483,961 | -€340,232 | -41.3% |
| Operating charges | 60/66A | €11,736,613 | €9,009,850 | -€2.7m | -23.2% |
| Goods for resale, raw materials and consumables | 60 | €4,079,069 | €2,772,044 | -€1.3m | -32.0% |
| Purchases | 600/8 | €3,949,562 | €2,868,008 | -€1.1m | -27.4% |
| Change in stocks: decrease (increase) | 609 | €129,507 | -€95,964 | -€225,471 | |
| Services and other goods | 61 | €4,544,615 | €2,810,859 | -€1.7m | -38.1% |
| Remuneration, social security and pensions | 62 | €2,352,111 | €2,645,883 | +€293,773 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €719,659 | €754,056 | +€34,397 | +4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,640 | €509 | -€26,131 | -98.1% |
| Other operating charges | 640/8 | €14,520 | €26,498 | +€11,979 | +82.5% |
| Operating profit (loss) | 9901 | €640,932 | -€33,937 | -€674,869 | |
| Financial income | 75/76B | €53,729 | €68,731 | +€15,002 | +27.9% |
| Recurring financial income | 75 | €53,729 | €68,731 | +€15,002 | +27.9% |
| Income from current assets | 751 | €53,729 | €68,731 | +€15,002 | +27.9% |
| Financial charges | 65/66B | €95,467 | €181,559 | +€86,092 | +90.2% |
| Recurring financial charges | 65 | €95,467 | €181,559 | +€86,092 | +90.2% |
| Debt charges | 650 | €94,608 | €119,469 | +€24,861 | +26.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €53,628 | +€53,628 | |
| Other financial charges | 652/9 | €859 | €8,462 | +€7,603 | +885% |
| Profit (loss) for the period before taxes | 9903 | €599,194 | -€146,765 | -€745,959 | |
| Transfer from deferred taxes | 780 | - | €2,250 | +€2,250 | |
| Transfer to deferred taxes | 680 | €93,750 | - | -€93,750 | |
| Income taxes | 67/77 | €68,123 | €319 | -€67,804 | -99.5% |
| Taxes | 670/3 | €68,123 | €319 | -€67,804 | -99.5% |
| Profit (loss) for the period | 9904 | €437,322 | -€144,834 | -€582,155 | |
| Transfer from tax-exempt reserves | 789 | - | €6,750 | +€6,750 | |
| Transfer to tax-exempt reserves | 689 | €281,250 | - | -€281,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €156,072 | -€138,084 | -€294,156 |
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.