VDS Green: 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 Green
Largest movements
- Receivables after one year +€120,000
up €120,000 (+60.0%), from €200,000 to €320,000
- Tangible fixed assets -€119,664
down €119,664 (-41.5%), from €288,167 to €168,504
- Receivables within one year +€78,160
up €78,160 (+31.1%), from €250,919 to €329,079
of which Trade receivables: +€66,496
- Cash -€70,263
down €70,263 (-38.4%), from €183,026 to €112,763
mainly Receivables after one year (-€120,000) and Receivables within one year (-€78,160)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€49,612
down €49,612 (-30.0%), from €165,266 to €115,655
- Financial income +€13,650
up €13,650 (+159%), from €8,584 to €22,234
- Taxes -€11,340
down €11,340 (-90.1%), from €12,581 to €1,242
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 | €926,767 | €935,000 | +€8,233 | +0.9% |
| Fixed assets | 21/28 | €288,167 | €168,504 | -€119,664 | -41.5% |
| Tangible fixed assets | 22/27 | €288,167 | €168,504 | -€119,664 | -41.5% |
| Plant, machinery and equipment | 23 | €288,167 | €168,504 | -€119,664 | -41.5% |
| Current assets | 29/58 | €638,599 | €766,496 | +€127,897 | +20.0% |
| Amounts receivable after more than one year | 29 | €200,000 | €320,000 | +€120,000 | +60.0% |
| Other amounts receivable | 291 | €200,000 | €320,000 | +€120,000 | +60.0% |
| Amounts receivable within one year | 40/41 | €250,919 | €329,079 | +€78,160 | +31.1% |
| Trade receivables | 40 | €90,051 | €156,547 | +€66,496 | +73.8% |
| Other amounts receivable | 41 | €160,868 | €172,532 | +€11,664 | +7.3% |
| Cash at bank and in hand | 54/58 | €183,026 | €112,763 | -€70,263 | -38.4% |
| Deferred charges and accrued income | 490/1 | €4,654 | €4,654 | = | 0.0% |
| Total equity and liabilities | 10/49 | €926,767 | €935,000 | +€8,233 | +0.9% |
| Equity | 10/15 | €764,748 | €766,586 | +€1,838 | +0.2% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €699,748 | €701,586 | +€1,838 | +0.3% |
| Distributable reserves | 133 | €699,748 | €701,586 | +€1,838 | +0.3% |
| Amounts payable | 17/49 | €162,019 | €168,414 | +€6,396 | +3.9% |
| Amounts payable within one year | 42/48 | €162,019 | €168,414 | +€6,396 | +3.9% |
| Trade debts | 44 | €513 | €1,126 | +€613 | +119% |
| Suppliers | 440/4 | €513 | €1,126 | +€613 | +119% |
| Taxes, remuneration and social security | 45 | €9,750 | €9,417 | -€333 | -3.4% |
| Taxes | 450/3 | €9,750 | €9,417 | -€333 | -3.4% |
| Other amounts payable | 47/48 | €151,755 | €157,871 | +€6,116 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,231 | €119,664 | -€567 | -0.5% |
| Other operating charges | 640/8 | €8,562 | €8,972 | +€411 | +4.8% |
| Gross operating margin | 9900 | €165,266 | €115,655 | -€49,612 | -30.0% |
| Operating profit (loss) | 9901 | €36,474 | -€12,982 | -€49,455 | |
| Financial income | 75/76B | €8,584 | €22,234 | +€13,650 | +159% |
| Recurring financial income | 75 | €8,584 | €22,234 | +€13,650 | +159% |
| Financial charges | 65/66B | €5,942 | €6,173 | +€230 | +3.9% |
| Recurring financial charges | 65 | €5,942 | €6,173 | +€230 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €39,116 | €3,079 | -€36,036 | -92.1% |
| Income taxes | 67/77 | €12,581 | €1,242 | -€11,340 | -90.1% |
| Profit (loss) for the period | 9904 | €26,534 | €1,838 | -€24,697 | -93.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,534 | €1,838 | -€24,697 | -93.1% |
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 25 October 2026 via checked.be.