VDS GARDENS: 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 GARDENS
Largest movements
- Cash +€240,896
up €240,896 (+708%), from €34,034 to €274,930
mainly Accrued charges and deferred income (+€89,629) and Net result for the year (+€62,318)
- Receivables within one year -€33,161
down €33,161 (-40.4%), from €82,058 to €48,897
of which Trade receivables: -€41,665
- Accrued charges and deferred income +€89,629
new in 2025: €89,629
- Trade debts +€43,364
up €43,364 (+1,377%), from €3,149 to €46,513
- Reserves +€42,318
up €42,318 (+195%), from €21,732 to €64,050
of which Distributable reserves: +€42,318
- Other debts +€15,632
up €15,632 (+354%), from €4,414 to €20,046
- Tax, wage and social debts +€14,198
up €14,198 (+338%), from €4,196 to €18,394
of which Taxes: +€14,198
- Gross operating margin +€84,016
up €84,016 (+604%), from €13,921 to €97,938
- Write-downs +€15,526
new in 2025: €15,526
- Taxes +€14,783
up €14,783 (+613%), from €2,411 to €17,194
- Depreciation -€2,357
down €2,357 (-47.4%), from €4,969 to €2,613
- Financial income +€1,117
up €1,117 (+1,240,789%), from €0 to €1,117
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 | €122,715 | €327,855 | +€205,140 | +167% |
| Fixed assets | 21/28 | €6,445 | €3,833 | -€2,613 | -40.5% |
| Tangible fixed assets | 22/27 | €6,420 | €3,808 | -€2,613 | -40.7% |
| Furniture and vehicles | 24 | €6,420 | €3,808 | -€2,613 | -40.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €116,270 | €324,022 | +€207,753 | +179% |
| Amounts receivable within one year | 40/41 | €82,058 | €48,897 | -€33,161 | -40.4% |
| Trade receivables | 40 | €82,058 | €40,394 | -€41,665 | -50.8% |
| Other amounts receivable | 41 | - | €8,503 | +€8,503 | |
| Cash at bank and in hand | 54/58 | €34,034 | €274,930 | +€240,896 | +708% |
| Deferred charges and accrued income | 490/1 | €177 | €195 | +€18 | +10.2% |
| Total equity and liabilities | 10/49 | €122,715 | €327,855 | +€205,140 | +167% |
| Equity | 10/15 | €110,956 | €153,274 | +€42,318 | +38.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,732 | €64,050 | +€42,318 | +195% |
| 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 | €19,872 | €62,190 | +€42,318 | +213% |
| Profit (loss) carried forward | 14 | €70,624 | €70,624 | = | 0.0% |
| Amounts payable | 17/49 | €11,759 | €174,581 | +€162,822 | +1,385% |
| Amounts payable within one year | 42/48 | €11,759 | €84,953 | +€73,194 | +622% |
| Trade debts | 44 | €3,149 | €46,513 | +€43,364 | +1,377% |
| Suppliers | 440/4 | €3,149 | €46,513 | +€43,364 | +1,377% |
| Taxes, remuneration and social security | 45 | €4,196 | €18,394 | +€14,198 | +338% |
| Taxes | 450/3 | €2,996 | €17,194 | +€14,198 | +474% |
| Remuneration and social security | 454/9 | €1,200 | €1,200 | = | 0.0% |
| Other amounts payable | 47/48 | €4,414 | €20,046 | +€15,632 | +354% |
| Accrued charges and deferred income | 492/3 | - | €89,629 | +€89,629 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,969 | €2,613 | -€2,357 | -47.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,526 | +€15,526 | |
| Other operating charges | 640/8 | €1,058 | €1,155 | +€98 | +9.3% |
| Gross operating margin | 9900 | €13,921 | €97,938 | +€84,016 | +604% |
| Operating profit (loss) | 9901 | €7,894 | €78,644 | +€70,749 | +896% |
| Financial income | 75/76B | €0 | €1,117 | +€1,117 | +1,240,789% |
| Recurring financial income | 75 | €0 | €1,117 | +€1,117 | +1,240,789% |
| Financial charges | 65/66B | €666 | €249 | -€418 | -62.7% |
| Recurring financial charges | 65 | €666 | €249 | -€418 | -62.7% |
| Profit (loss) for the period before taxes | 9903 | €7,228 | €79,512 | +€72,284 | +1,000% |
| Income taxes | 67/77 | €2,411 | €17,194 | +€14,783 | +613% |
| Profit (loss) for the period | 9904 | €4,817 | €62,318 | +€57,501 | +1,194% |
| Profit (loss) for the period to be appropriated | 9905 | €4,817 | €62,318 | +€57,501 | +1,194% |
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 31 October 2026 via checked.be.