VDS BENELUX: 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 BENELUX
Largest movements
- Cash +€16,192
up €16,192 (+23.9%), from €67,846 to €84,038
mainly Net result for the year (+€22,383) and Depreciation (+€7,433)
- Tangible fixed assets -€7,433
down €7,433 (-20.8%), from €35,765 to €28,332
- Receivables within one year -€2,515
down €2,515 (-28.5%), from €8,834 to €6,319
- Other debts +€7,153
up €7,153 (+63.9%), from €11,185 to €18,337
- Debts after one year -€7,060
down €7,060 (-25.3%), from €27,907 to €20,847
- Reserves +€5,580
up €5,580 (+10.7%), from €51,950 to €57,530
- Other operating charges -€9,832
down €9,832 (-90.6%), from €10,857 to €1,026
- Depreciation +€6,032
up €6,032 (+430%), from €1,401 to €7,433
- Taxes +€3,998
up €3,998 (+43.8%), from €9,126 to €13,123
- Gross operating margin +€3,563
up €3,563 (+8.5%), from €41,774 to €45,337
- Financial charges +€573
up €573 (+71.7%), from €799 to €1,371
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 | €112,734 | €119,246 | +€6,512 | +5.8% |
| Fixed assets | 21/28 | €35,790 | €28,357 | -€7,433 | -20.8% |
| Tangible fixed assets | 22/27 | €35,765 | €28,332 | -€7,433 | -20.8% |
| Furniture and vehicles | 24 | €35,765 | €28,332 | -€7,433 | -20.8% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €76,944 | €90,889 | +€13,945 | +18.1% |
| Amounts receivable within one year | 40/41 | €8,834 | €6,319 | -€2,515 | -28.5% |
| Trade receivables | 40 | €8,834 | €6,319 | -€2,515 | -28.5% |
| Cash at bank and in hand | 54/58 | €67,846 | €84,038 | +€16,192 | +23.9% |
| Deferred charges and accrued income | 490/1 | €264 | €532 | +€268 | +102% |
| Total equity and liabilities | 10/49 | €112,734 | €119,246 | +€6,512 | +5.8% |
| Equity | 10/15 | €64,406 | €69,989 | +€5,583 | +8.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €51,950 | €57,530 | +€5,580 | +10.7% |
| Distributable reserves | 133 | €51,950 | €57,530 | +€5,580 | +10.7% |
| Profit (loss) carried forward | 14 | €56 | €59 | +€3 | +5.3% |
| Amounts payable | 17/49 | €48,328 | €49,257 | +€929 | +1.9% |
| Amounts payable after more than one year | 17 | €27,907 | €20,847 | -€7,060 | -25.3% |
| Financial debts | 170/4 | €27,907 | €20,847 | -€7,060 | -25.3% |
| Amounts payable within one year | 42/48 | €20,421 | €28,410 | +€7,989 | +39.1% |
| Current portion of amounts payable after more than one year | 42 | €6,798 | €7,060 | +€262 | +3.8% |
| Trade debts | 44 | €371 | €765 | +€394 | +106% |
| Suppliers | 440/4 | €371 | €765 | +€394 | +106% |
| Taxes, remuneration and social security | 45 | €2,066 | €2,247 | +€181 | +8.7% |
| Taxes | 450/3 | €2,066 | €2,247 | +€181 | +8.7% |
| Other amounts payable | 47/48 | €11,185 | €18,337 | +€7,153 | +63.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,401 | €7,433 | +€6,032 | +430% |
| Other operating charges | 640/8 | €10,857 | €1,026 | -€9,832 | -90.6% |
| Gross operating margin | 9900 | €41,774 | €45,337 | +€3,563 | +8.5% |
| Operating profit (loss) | 9901 | €29,515 | €36,878 | +€7,362 | +24.9% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €799 | €1,371 | +€573 | +71.7% |
| Recurring financial charges | 65 | €799 | €1,371 | +€573 | +71.7% |
| Profit (loss) for the period before taxes | 9903 | €28,720 | €35,506 | +€6,787 | +23.6% |
| Income taxes | 67/77 | €9,126 | €13,123 | +€3,998 | +43.8% |
| Profit (loss) for the period | 9904 | €19,594 | €22,383 | +€2,789 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,594 | €22,383 | +€2,789 | +14.2% |
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 30 October 2026 via checked.be.