VDS Group: what changed
Two fiscal 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 Group
Largest movements
- Deferred charges and accrued income -€345,000
down €345,000 (-60.5%), from €570,000 to €225,000
- Receivables within one year +€285,004
up €285,004 (+115.5%), from €246,784 to €531,788
- Tax, wage and social debts -€43,719
down €43,719 (-42.6%), from €102,663 to €58,944
of which Taxes: -€37,119
- Gross operating margin -€79,350
down €79,350 (-40.1%), from €197,748 to €118,399
- Taxes -€21,034
down €21,034 (-85.8%), from €24,502 to €3,469
- Financial charges -€2,454
down €2,454 (-2.3%), from €106,882 to €104,428
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.
Cash bridge derived
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 | €2,935,125 | €2,874,870 | -€60,255 | -2.1% |
| Fixed assets | 21/28 | €2,103,522 | €2,103,522 | = | 0.0% |
| Financial fixed assets | 28 | €2,103,522 | €2,103,522 | = | 0.0% |
| Current assets | 29/58 | €831,603 | €771,348 | -€60,255 | -7.2% |
| Amounts receivable within one year | 40/41 | €246,784 | €531,788 | +€285,004 | +115.5% |
| Other amounts receivable | 41 | €246,784 | €531,788 | +€285,004 | +115.5% |
| Cash at bank and in hand | 54/58 | €14,819 | €14,560 | -€258 | -1.7% |
| Deferred charges and accrued income | 490/1 | €570,000 | €225,000 | -€345,000 | -60.5% |
| Total equity and liabilities | 10/49 | €2,935,125 | €2,874,870 | -€60,255 | -2.1% |
| Equity | 10/15 | €156,782 | €166,292 | +€9,510 | +6.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,782 | €144,292 | +€9,510 | +7.1% |
| Amounts payable | 17/49 | €2,778,343 | €2,708,578 | -€69,764 | -2.5% |
| Amounts payable within one year | 42/48 | €2,778,343 | €2,707,561 | -€70,781 | -2.5% |
| Trade debts | 44 | €4,246 | €661 | -€3,585 | -84.4% |
| Suppliers | 440/4 | €4,246 | €661 | -€3,585 | -84.4% |
| Taxes, remuneration and social security | 45 | €102,663 | €58,944 | -€43,719 | -42.6% |
| Taxes | 450/3 | €96,063 | €58,944 | -€37,119 | -38.6% |
| Remuneration and social security | 454/9 | €6,600 | - | -€6,600 | |
| Other amounts payable | 47/48 | €2,671,433 | €2,647,956 | -€23,476 | -0.9% |
| Accrued charges and deferred income | 492/3 | - | €1,017 | +€1,017 | |
| Other operating charges | 640/8 | €968 | €1,017 | +€49 | +5.1% |
| Gross operating margin | 9900 | €197,748 | €118,399 | -€79,350 | -40.1% |
| Operating profit (loss) | 9901 | €196,781 | €117,382 | -€79,399 | -40.3% |
| Financial income | 75/76B | €11 | €25 | +€14 | +127.3% |
| Recurring financial income | 75 | €11 | €25 | +€14 | +127.3% |
| Financial charges | 65/66B | €106,882 | €104,428 | -€2,454 | -2.3% |
| Recurring financial charges | 65 | €106,882 | €104,428 | -€2,454 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €89,909 | €12,979 | -€76,931 | -85.6% |
| Income taxes | 67/77 | €24,502 | €3,469 | -€21,034 | -85.8% |
| Profit (loss) for the period | 9904 | €65,407 | €9,510 | -€55,897 | -85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €65,407 | €9,510 | -€55,897 | -85.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.