VDS ADVICE: 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.
VDS ADVICE
Largest movements
- Tangible fixed assets -€29,126
down €29,126 (-16.6%), from €175,874 to €146,748
of which Land and buildings: -€16,110
- Receivables within one year +€17,811
up €17,811 (+26.2%), from €68,088 to €85,899
of which Other amounts receivable: +€15,391
- Debts after one year -€14,504
no longer reported in 2025 (was €14,504)
- Other debts +€8,365
up €8,365 (+19.4%), from €43,113 to €51,478
- Current portion of long-term debt -€4,622
down €4,622 (-24.2%), from €19,125 to €14,504
- Purchases and services +€13,441
new in 2025: €13,441
- Turnover +€7,945
new in 2025: €7,945
- Gross operating margin +€1,929
up €1,929 (+5.6%), from €34,426 to €36,355
- Other operating charges +€759
up €759 (+14.8%), from €5,125 to €5,884
- Financial charges -€653
down €653 (-24.1%), from €2,712 to €2,059
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 | €341,827 | €329,501 | -€12,327 | -3.6% |
| Fixed assets | 21/28 | €268,764 | €239,638 | -€29,126 | -10.8% |
| Tangible fixed assets | 22/27 | €175,874 | €146,748 | -€29,126 | -16.6% |
| Land and buildings | 22 | €134,992 | €118,883 | -€16,110 | -11.9% |
| Plant, machinery and equipment | 23 | €10,947 | €7,574 | -€3,372 | -30.8% |
| Furniture and vehicles | 24 | €29,935 | €20,291 | -€9,644 | -32.2% |
| Financial fixed assets | 28 | €92,890 | €92,890 | = | 0.0% |
| Current assets | 29/58 | €73,064 | €89,863 | +€16,799 | +23.0% |
| Amounts receivable within one year | 40/41 | €68,088 | €85,899 | +€17,811 | +26.2% |
| Trade receivables | 40 | - | €2,420 | +€2,420 | |
| Other amounts receivable | 41 | €68,088 | €83,479 | +€15,391 | +22.6% |
| Cash at bank and in hand | 54/58 | €4,976 | €3,963 | -€1,013 | -20.4% |
| Total equity and liabilities | 10/49 | €341,827 | €329,501 | -€12,327 | -3.6% |
| Equity | 10/15 | €261,709 | €262,784 | +€1,075 | +0.4% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €14,874 | €14,874 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,874 | €14,874 | = | 0.0% |
| Legal reserve | 130 | €14,874 | €14,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,100 | €99,175 | +€1,075 | +1.1% |
| Amounts payable | 17/49 | €80,118 | €66,716 | -€13,402 | -16.7% |
| Amounts payable after more than one year | 17 | €14,504 | - | -€14,504 | |
| Financial debts | 170/4 | €14,504 | - | -€14,504 | |
| Amounts payable within one year | 42/48 | €65,614 | €66,716 | +€1,102 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €19,125 | €14,504 | -€4,622 | -24.2% |
| Trade debts | 44 | €3,376 | €735 | -€2,641 | -78.2% |
| Suppliers | 440/4 | €3,376 | €735 | -€2,641 | -78.2% |
| Other amounts payable | 47/48 | €43,113 | €51,478 | +€8,365 | +19.4% |
| Turnover | 70 | - | €7,945 | +€7,945 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €13,441 | +€13,441 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,472 | €30,281 | -€191 | -0.6% |
| Other operating charges | 640/8 | €5,125 | €5,884 | +€759 | +14.8% |
| Gross operating margin | 9900 | €34,426 | €36,355 | +€1,929 | +5.6% |
| Operating profit (loss) | 9901 | -€1,172 | €190 | +€1,362 | |
| Financial income | 75/76B | €2,880 | €3,000 | +€120 | +4.2% |
| Recurring financial income | 75 | €2,880 | €3,000 | +€120 | +4.2% |
| Financial charges | 65/66B | €2,712 | €2,059 | -€653 | -24.1% |
| Recurring financial charges | 65 | €2,712 | €2,059 | -€653 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,004 | €1,131 | +€2,135 | |
| Income taxes | 67/77 | €62 | €56 | -€5 | -8.6% |
| Profit (loss) for the period | 9904 | -€1,066 | €1,075 | +€2,140 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,066 | €1,075 | +€2,140 |
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 10 October 2026 via checked.be.