VDS Groep: 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 Groep
Largest movements
- Cash -€56,655
down €56,655 (-34.7%), from €163,286 to €106,631
mainly Investment in fixed assets (net) (-€88,792) and Trade debts (-€73,091)
- Tangible fixed assets -€24,772
down €24,772 (-4.5%), from €551,206 to €526,434
of which Plant, machinery and equipment: -€19,789
- Trade debts -€73,091
down €73,091 (-85.0%), from €86,014 to €12,923
- Tax, wage and social debts -€31,364
down €31,364 (-26.5%), from €118,312 to €86,949
of which Remuneration and social security: -€29,764
- Current portion of long-term debt +€27,142
up €27,142 (+42.6%), from €63,665 to €90,807
- Other debts -€15,228
down €15,228 (-7.2%), from €211,243 to €196,015
- Debts after one year +€11,578
up €11,578 (+5.0%), from €231,723 to €243,302
- Gross operating margin -€55,802
down €55,802 (-7.2%), from €770,247 to €714,445
- Purchases and services +€45,661
up €45,661 (+8.4%), from €546,362 to €592,023
- Staff costs +€35,467
up €35,467 (+7.9%), from €448,309 to €483,777
- Depreciation +€25,477
up €25,477 (+28.9%), from €88,086 to €113,564
- Taxes -€22,861
down €22,861 (-43.3%), from €52,825 to €29,963
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 | €906,431 | €831,650 | -€74,781 | -8.3% |
| Fixed assets | 21/28 | €551,306 | €526,534 | -€24,772 | -4.5% |
| Tangible fixed assets | 22/27 | €551,206 | €526,434 | -€24,772 | -4.5% |
| Land and buildings | 22 | €302,168 | €288,968 | -€13,200 | -4.4% |
| Plant, machinery and equipment | 23 | €146,341 | €126,552 | -€19,789 | -13.5% |
| Furniture and vehicles | 24 | €70,620 | €93,815 | +€23,195 | +32.8% |
| Leasing and similar rights | 25 | €32,077 | €17,100 | -€14,977 | -46.7% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €355,125 | €305,116 | -€50,009 | -14.1% |
| Amounts receivable within one year | 40/41 | €187,815 | €189,363 | +€1,547 | +0.8% |
| Trade receivables | 40 | €104,215 | €93,722 | -€10,494 | -10.1% |
| Other amounts receivable | 41 | €83,600 | €95,641 | +€12,041 | +14.4% |
| Cash at bank and in hand | 54/58 | €163,286 | €106,631 | -€56,655 | -34.7% |
| Deferred charges and accrued income | 490/1 | €4,024 | €9,122 | +€5,098 | +127% |
| Total equity and liabilities | 10/49 | €906,431 | €831,650 | -€74,781 | -8.3% |
| Equity | 10/15 | €195,205 | €200,308 | +€5,103 | +2.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €174,362 | €174,362 | = | 0.0% |
| Distributable reserves | 133 | €174,362 | €174,362 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,843 | €15,946 | +€5,103 | +47.1% |
| Amounts payable | 17/49 | €711,226 | €631,342 | -€79,884 | -11.2% |
| Amounts payable after more than one year | 17 | €231,723 | €243,302 | +€11,578 | +5.0% |
| Financial debts | 170/4 | €231,723 | €243,302 | +€11,578 | +5.0% |
| Amounts payable within one year | 42/48 | €479,235 | €386,694 | -€92,540 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €63,665 | €90,807 | +€27,142 | +42.6% |
| Trade debts | 44 | €86,014 | €12,923 | -€73,091 | -85.0% |
| Suppliers | 440/4 | €86,014 | €12,923 | -€73,091 | -85.0% |
| Taxes, remuneration and social security | 45 | €118,312 | €86,949 | -€31,364 | -26.5% |
| Taxes | 450/3 | €84,834 | €83,234 | -€1,600 | -1.9% |
| Remuneration and social security | 454/9 | €33,479 | €3,715 | -€29,764 | -88.9% |
| Other amounts payable | 47/48 | €211,243 | €196,015 | -€15,228 | -7.2% |
| Accrued charges and deferred income | 492/3 | €268 | €1,346 | +€1,078 | +402% |
| Turnover | 70 | €1,309,425 | €1,290,674 | -€18,751 | -1.4% |
| Non-recurring operating income | 76A | €3,728 | - | -€3,728 | |
| Goods, raw materials, services and sundry goods | 60/61 | €546,362 | €592,023 | +€45,661 | +8.4% |
| Remuneration, social security and pensions | 62 | €448,309 | €483,777 | +€35,467 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,086 | €113,564 | +€25,477 | +28.9% |
| Other operating charges | 640/8 | €5,827 | €4,863 | -€964 | -16.5% |
| Gross operating margin | 9900 | €770,247 | €714,445 | -€55,802 | -7.2% |
| Operating profit (loss) | 9901 | €228,024 | €112,241 | -€115,783 | -50.8% |
| Financial income | 75/76B | €215 | €703 | +€488 | +227% |
| Recurring financial income | 75 | €215 | €703 | +€488 | +227% |
| Financial charges | 65/66B | €15,245 | €9,879 | -€5,366 | -35.2% |
| Recurring financial charges | 65 | €15,245 | €9,879 | -€5,366 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €212,994 | €103,066 | -€109,928 | -51.6% |
| Income taxes | 67/77 | €52,825 | €29,963 | -€22,861 | -43.3% |
| Profit (loss) for the period | 9904 | €160,169 | €73,103 | -€87,067 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €160,169 | €73,103 | -€87,067 | -54.4% |
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 20 October 2026 via checked.be.