VDS CENTURY: 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 CENTURY
Largest movements
- Cash -€105,898
down €105,898 (-89.3%), from €118,567 to €12,669
mainly Receivables within one year (-€47,056) and Net result for the year (-€42,385)
- Receivables within one year +€47,056
up €47,056 (+106%), from €44,341 to €91,397
of which Other amounts receivable: +€45,576
- Tangible fixed assets -€7,527
down €7,527 (-4.4%), from €169,354 to €161,827
of which Land and buildings: -€6,937
- Profit (loss) carried forward -€42,385
down €42,385 (-324%), from -€13,094 to -€55,479
- Debts after one year -€16,341
down €16,341 (-6.9%), from €235,830 to €219,489
- Tax, wage and social debts -€5,545
down €5,545 (-24.3%), from €22,792 to €17,247
- Gross operating margin -€74,764
down €74,764, from €42,500 to -€32,264
- Taxes -€9,827
down €9,827 (-95.5%), from €10,287 to €461
- Depreciation -€3,050
down €3,050 (-28.8%), from €10,577 to €7,527
- Financial charges -€1,534
down €1,534 (-18.6%), from €8,260 to €6,725
- Other operating charges -€1,373
down €1,373 (-83.8%), from €1,638 to €265
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 | €332,412 | €266,321 | -€66,092 | -19.9% |
| Fixed assets | 21/28 | €169,504 | €161,977 | -€7,527 | -4.4% |
| Tangible fixed assets | 22/27 | €169,354 | €161,827 | -€7,527 | -4.4% |
| Land and buildings | 22 | €161,707 | €154,770 | -€6,937 | -4.3% |
| Furniture and vehicles | 24 | €1,077 | €487 | -€590 | -54.7% |
| Other tangible fixed assets | 26 | €6,570 | €6,570 | = | 0.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €162,908 | €104,343 | -€58,565 | -35.9% |
| Amounts receivable within one year | 40/41 | €44,341 | €91,397 | +€47,056 | +106% |
| Trade receivables | 40 | €3,455 | €4,935 | +€1,480 | +42.8% |
| Other amounts receivable | 41 | €40,886 | €86,462 | +€45,576 | +111% |
| Cash at bank and in hand | 54/58 | €118,567 | €12,669 | -€105,898 | -89.3% |
| Deferred charges and accrued income | 490/1 | €0 | €277 | +€277 | |
| Total equity and liabilities | 10/49 | €332,412 | €266,321 | -€66,092 | -19.9% |
| Equity | 10/15 | €47,226 | €4,841 | -€42,385 | -89.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,720 | €41,720 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €39,860 | €39,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,094 | -€55,479 | -€42,385 | -324% |
| Amounts payable | 17/49 | €285,186 | €261,480 | -€23,707 | -8.3% |
| Amounts payable after more than one year | 17 | €235,830 | €219,489 | -€16,341 | -6.9% |
| Financial debts | 170/4 | €235,830 | €219,489 | -€16,341 | -6.9% |
| Amounts payable within one year | 42/48 | €47,757 | €40,391 | -€7,366 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €16,006 | €16,341 | +€335 | +2.1% |
| Trade debts | 44 | €8,959 | €6,803 | -€2,156 | -24.1% |
| Suppliers | 440/4 | €8,959 | €6,803 | -€2,156 | -24.1% |
| Taxes, remuneration and social security | 45 | €22,792 | €17,247 | -€5,545 | -24.3% |
| Taxes | 450/3 | €22,792 | €17,247 | -€5,545 | -24.3% |
| Accrued charges and deferred income | 492/3 | €1,600 | €1,600 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €163 | €0 | -€163 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,577 | €7,527 | -€3,050 | -28.8% |
| Other operating charges | 640/8 | €1,638 | €265 | -€1,373 | -83.8% |
| Gross operating margin | 9900 | €42,500 | -€32,264 | -€74,764 | |
| Operating profit (loss) | 9901 | €30,122 | -€40,055 | -€70,177 | |
| Financial income | 75/76B | €5,874 | €4,856 | -€1,017 | -17.3% |
| Recurring financial income | 75 | €5,874 | €4,856 | -€1,017 | -17.3% |
| Financial charges | 65/66B | €8,260 | €6,725 | -€1,534 | -18.6% |
| Recurring financial charges | 65 | €8,260 | €6,725 | -€1,534 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €27,736 | -€41,924 | -€69,661 | |
| Income taxes | 67/77 | €10,287 | €461 | -€9,827 | -95.5% |
| Profit (loss) for the period | 9904 | €17,449 | -€42,385 | -€59,834 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,449 | -€42,385 | -€59,834 |
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.