VDS AGENCY: 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 AGENCY
Largest movements
- Receivables within one year -€13,001
down €13,001 (-71.1%), from €18,295 to €5,294
of which Trade receivables: -€16,573
- Tangible fixed assets +€9,757
up €9,757 (+28.1%), from €34,739 to €44,497
of which Furniture and vehicles: +€8,644
- Cash +€3,098
up €3,098 (+142%), from €2,189 to €5,287
mainly Net result for the year (+€15,255) and Receivables within one year (+€13,001)
- Current investments +€1,000
up €1,000 (+62.5%), from €1,600 to €2,600
- Reserves +€11,725
up €11,725 (+81.5%), from €14,383 to €26,108
- Debts after one year -€5,804
down €5,804 (-24.7%), from €23,503 to €17,699
- Tax, wage and social debts -€5,501
down €5,501 (-56.5%), from €9,736 to €4,234
of which Remuneration and social security: -€2,800
- Gross operating margin +€17,084
up €17,084 (+159%), from €10,722 to €27,806
- Depreciation +€3,790
up €3,790 (+298%), from €1,271 to €5,061
- Taxes +€2,442
up €2,442 (+94.1%), from €2,595 to €5,038
- Financial income +€752
up €752 (+314%), from €240 to €991
- Other operating charges +€720
up €720 (+87.6%), from €822 to €1,542
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 | €58,603 | €60,114 | +€1,511 | +2.6% |
| Fixed assets | 21/28 | €34,739 | €44,497 | +€9,757 | +28.1% |
| Tangible fixed assets | 22/27 | €34,739 | €44,497 | +€9,757 | +28.1% |
| Land and buildings | 22 | €33,857 | €34,191 | +€333 | +1.0% |
| Plant, machinery and equipment | 23 | €719 | €1,499 | +€780 | +108% |
| Furniture and vehicles | 24 | €163 | €8,807 | +€8,644 | +5,310% |
| Current assets | 29/58 | €23,864 | €15,617 | -€8,246 | -34.6% |
| Amounts receivable after more than one year | 29 | €1,500 | €2,000 | +€500 | +33.3% |
| Other amounts receivable | 291 | €1,500 | €2,000 | +€500 | +33.3% |
| Amounts receivable within one year | 40/41 | €18,295 | €5,294 | -€13,001 | -71.1% |
| Trade receivables | 40 | €18,146 | €1,573 | -€16,573 | -91.3% |
| Other amounts receivable | 41 | €150 | €3,721 | +€3,571 | +2,387% |
| Current investments | 50/53 | €1,600 | €2,600 | +€1,000 | +62.5% |
| Cash at bank and in hand | 54/58 | €2,189 | €5,287 | +€3,098 | +142% |
| Deferred charges and accrued income | 490/1 | €279 | €437 | +€157 | +56.3% |
| Total equity and liabilities | 10/49 | €58,603 | €60,114 | +€1,511 | +2.6% |
| Equity | 10/15 | €19,383 | €31,108 | +€11,725 | +60.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €14,383 | €26,108 | +€11,725 | +81.5% |
| Distributable reserves | 133 | €14,383 | €26,108 | +€11,725 | +81.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €39,220 | €29,006 | -€10,214 | -26.0% |
| Amounts payable after more than one year | 17 | €23,503 | €17,699 | -€5,804 | -24.7% |
| Financial debts | 170/4 | €23,503 | €17,699 | -€5,804 | -24.7% |
| Amounts payable within one year | 42/48 | €15,718 | €11,307 | -€4,410 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €5,587 | €5,804 | +€217 | +3.9% |
| Financial debts | 43 | €3 | €0 | -€3 | -100% |
| Credit institutions | 430/8 | €3 | €0 | -€3 | -100% |
| Trade debts | 44 | €392 | €740 | +€347 | +88.6% |
| Suppliers | 440/4 | €392 | €740 | +€347 | +88.6% |
| Taxes, remuneration and social security | 45 | €9,736 | €4,234 | -€5,501 | -56.5% |
| Taxes | 450/3 | €6,936 | €4,234 | -€2,701 | -39.0% |
| Remuneration and social security | 454/9 | €2,800 | €0 | -€2,800 | -100% |
| Other amounts payable | 47/48 | - | €529 | +€529 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,271 | €5,061 | +€3,790 | +298% |
| Other operating charges | 640/8 | €822 | €1,542 | +€720 | +87.6% |
| Gross operating margin | 9900 | €10,722 | €27,806 | +€17,084 | +159% |
| Operating profit (loss) | 9901 | €8,629 | €21,203 | +€12,574 | +146% |
| Financial income | 75/76B | €240 | €991 | +€752 | +314% |
| Recurring financial income | 75 | €240 | €991 | +€752 | +314% |
| Financial charges | 65/66B | €1,306 | €1,902 | +€596 | +45.6% |
| Recurring financial charges | 65 | €1,306 | €1,902 | +€596 | +45.6% |
| Profit (loss) for the period before taxes | 9903 | €7,562 | €20,292 | +€12,730 | +168% |
| Income taxes | 67/77 | €2,595 | €5,038 | +€2,442 | +94.1% |
| Profit (loss) for the period | 9904 | €4,967 | €15,255 | +€10,288 | +207% |
| Profit (loss) for the period to be appropriated | 9905 | €4,967 | €15,255 | +€10,288 | +207% |
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 25 October 2026 via checked.be.