VdS Company: 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 Company
Largest movements
- Tangible fixed assets -€12,465
down €12,465 (-7.1%), from €175,993 to €163,528
of which Land and buildings: -€12,944
- Receivables within one year +€3,364
up €3,364 (+18.5%), from €18,169 to €21,533
of which Trade receivables: +€4,396
- Cash +€3,253
up €3,253 (+35.8%), from €9,082 to €12,335
mainly Depreciation (+€15,565) and Net result for the year (+€1,964)
- Other debts -€6,510
down €6,510 (-6.9%), from €94,368 to €87,858
- Gross operating margin +€3,600
up €3,600 (+20.7%), from €17,370 to €20,970
- Other operating charges -€531
down €531 (-15.1%), from €3,527 to €2,996
- Depreciation +€319
up €319 (+2.1%), from €15,246 to €15,565
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 | €212,177 | €206,409 | -€5,767 | -2.7% |
| Fixed assets | 21/28 | €176,043 | €163,578 | -€12,465 | -7.1% |
| Tangible fixed assets | 22/27 | €175,993 | €163,528 | -€12,465 | -7.1% |
| Land and buildings | 22 | €167,642 | €154,699 | -€12,944 | -7.7% |
| Plant, machinery and equipment | 23 | €1,832 | €3,942 | +€2,110 | +115% |
| Furniture and vehicles | 24 | €4,574 | €3,187 | -€1,387 | -30.3% |
| Other tangible fixed assets | 26 | €1,945 | €1,700 | -€245 | -12.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €36,134 | €42,832 | +€6,698 | +18.5% |
| Stocks and contracts in progress | 3 | €6,000 | €6,000 | = | 0.0% |
| Stocks | 30/36 | €6,000 | €6,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,169 | €21,533 | +€3,364 | +18.5% |
| Trade receivables | 40 | €1,200 | €5,596 | +€4,396 | +366% |
| Other amounts receivable | 41 | €16,969 | €15,937 | -€1,032 | -6.1% |
| Cash at bank and in hand | 54/58 | €9,082 | €12,335 | +€3,253 | +35.8% |
| Deferred charges and accrued income | 490/1 | €2,883 | €2,964 | +€81 | +2.8% |
| Total equity and liabilities | 10/49 | €212,177 | €206,409 | -€5,767 | -2.7% |
| Equity | 10/15 | €115,775 | €117,739 | +€1,964 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,470 | €4,470 | = | 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 | €2,610 | €2,610 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,705 | €94,669 | +€1,964 | +2.1% |
| Amounts payable | 17/49 | €96,402 | €88,670 | -€7,732 | -8.0% |
| Amounts payable within one year | 42/48 | €95,912 | €88,670 | -€7,242 | -7.6% |
| Trade debts | 44 | €1,544 | €812 | -€732 | -47.4% |
| Suppliers | 440/4 | €1,544 | €812 | -€732 | -47.4% |
| Other amounts payable | 47/48 | €94,368 | €87,858 | -€6,510 | -6.9% |
| Accrued charges and deferred income | 492/3 | €490 | - | -€490 | |
| Remuneration, social security and pensions | 62 | €384 | €387 | +€3 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,246 | €15,565 | +€319 | +2.1% |
| Other operating charges | 640/8 | €3,527 | €2,996 | -€531 | -15.1% |
| Gross operating margin | 9900 | €17,370 | €20,970 | +€3,600 | +20.7% |
| Operating profit (loss) | 9901 | -€1,788 | €2,022 | +€3,809 | |
| Financial charges | 65/66B | €69 | €57 | -€12 | -17.1% |
| Recurring financial charges | 65 | €69 | €57 | -€12 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,857 | €1,964 | +€3,821 | |
| Profit (loss) for the period | 9904 | -€1,857 | €1,964 | +€3,821 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,857 | €1,964 | +€3,821 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.