VDS Bezettingswerken: what changed
VDS Bezettingswerken
Largest movements
- Tangible fixed assets +€33,756
up €33,756 (+500%), from €6,758 to €40,514
of which Furniture and vehicles: +€36,137
- Cash -€4,369
down €4,369 (-5.2%), from €83,517 to €79,148
mainly Investment in fixed assets (net) (-€40,152) and Receivables within one year (-€2,895)
- Receivables within one year +€2,895
up €2,895 (+103%), from €2,802 to €5,697
- Debts after one year +€13,442
new in 2025: €13,442
- Reserves +€10,078
up €10,078 (+17.0%), from €59,395 to €69,473
- Current portion of long-term debt +€4,685
new in 2025: €4,685
- Profit (loss) carried forward +€2,614
up €2,614 (+25.9%), from €10,078 to €12,692
- Trade debts +€2,251
up €2,251 (+60.8%), from €3,704 to €5,955
- Gross operating margin +€9,166
up €9,166 (+60.6%), from €15,134 to €24,301
- Depreciation +€4,515
up €4,515 (+240%), from €1,881 to €6,396
- Taxes +€1,588
up €1,588 (+97.2%), from €1,633 to €3,221
- Financial charges +€631
up €631 (+868%), from €73 to €704
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,077 | €125,747 | +€32,670 | +35.1% |
| Fixed assets | 21/28 | €6,758 | €40,514 | +€33,756 | +500% |
| Tangible fixed assets | 22/27 | €6,758 | €40,514 | +€33,756 | +500% |
| Plant, machinery and equipment | 23 | €6,758 | €4,377 | -€2,381 | -35.2% |
| Furniture and vehicles | 24 | - | €36,137 | +€36,137 | |
| Current assets | 29/58 | €86,319 | €85,233 | -€1,086 | -1.3% |
| Amounts receivable within one year | 40/41 | €2,802 | €5,697 | +€2,895 | +103% |
| Other amounts receivable | 41 | €2,802 | €5,697 | +€2,895 | +103% |
| Cash at bank and in hand | 54/58 | €83,517 | €79,148 | -€4,369 | -5.2% |
| Deferred charges and accrued income | 490/1 | - | €388 | +€388 | |
| Total equity and liabilities | 10/49 | €93,077 | €125,747 | +€32,670 | +35.1% |
| Equity | 10/15 | €88,073 | €100,765 | +€12,692 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59,395 | €69,473 | +€10,078 | +17.0% |
| Distributable reserves | 133 | €59,395 | €69,473 | +€10,078 | +17.0% |
| Profit (loss) carried forward | 14 | €10,078 | €12,692 | +€2,614 | +25.9% |
| Amounts payable | 17/49 | €5,004 | €24,982 | +€19,978 | +399% |
| Amounts payable after more than one year | 17 | - | €13,442 | +€13,442 | |
| Financial debts | 170/4 | - | €13,442 | +€13,442 | |
| Amounts payable within one year | 42/48 | €4,604 | €11,540 | +€6,936 | +151% |
| Current portion of amounts payable after more than one year | 42 | - | €4,685 | +€4,685 | |
| Trade debts | 44 | €3,704 | €5,955 | +€2,251 | +60.8% |
| Suppliers | 440/4 | €3,704 | €5,955 | +€2,251 | +60.8% |
| Taxes, remuneration and social security | 45 | €900 | €900 | = | 0.0% |
| Taxes | 450/3 | €900 | €900 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €400 | - | -€400 | |
| Non-recurring operating income | 76A | €2,479 | €10,600 | +€8,121 | +328% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,881 | €6,396 | +€4,515 | +240% |
| Other operating charges | 640/8 | €1,471 | €1,292 | -€179 | -12.2% |
| Gross operating margin | 9900 | €15,134 | €24,301 | +€9,166 | +60.6% |
| Operating profit (loss) | 9901 | €11,783 | €16,613 | +€4,830 | +41.0% |
| Financial income | 75/76B | €1 | €4 | +€3 | +385% |
| Recurring financial income | 75 | €1 | €4 | +€3 | +385% |
| Financial charges | 65/66B | €73 | €704 | +€631 | +868% |
| Recurring financial charges | 65 | €73 | €704 | +€631 | +868% |
| Profit (loss) for the period before taxes | 9903 | €11,711 | €15,913 | +€4,202 | +35.9% |
| Income taxes | 67/77 | €1,633 | €3,221 | +€1,588 | +97.2% |
| Profit (loss) for the period | 9904 | €10,078 | €12,692 | +€2,614 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,078 | €12,692 | +€2,614 | +25.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.