VDS Networks: what changed
VDS Networks
Largest movements
- Receivables within one year +€39,156
up €39,156 (+130%), from €30,219 to €69,374
of which Trade receivables: +€22,786
- Cash +€26,150
up €26,150 (+57.0%), from €45,857 to €72,007
mainly Net result for the year (+€45,124) and Tax, wage and social debts (+€14,980)
- Tangible fixed assets +€2,666
up €2,666 (+38.5%), from €6,928 to €9,594
of which Furniture and vehicles: +€3,528
- Deferred charges and accrued income +€1,591
up €1,591 (+1,919%), from €83 to €1,674
- Profit (loss) carried forward +€45,124
up €45,124 (+75.2%), from €60,016 to €105,140
- Tax, wage and social debts +€14,980
up €14,980 (+83.2%), from €18,012 to €32,992
of which Taxes: +€14,399
- Trade debts +€9,881
up €9,881 (+604%), from €1,636 to €11,517
- Gross operating margin -€14,173
down €14,173 (-17.9%), from €79,298 to €65,125
- Depreciation +€1,083
up €1,083 (+73.3%), from €1,477 to €2,560
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €83,087 | €152,649 | +€69,562 | +83.7% |
| Fixed assets | 21/28 | €6,928 | €9,594 | +€2,666 | +38.5% |
| Tangible fixed assets | 22/27 | €6,928 | €9,594 | +€2,666 | +38.5% |
| Plant, machinery and equipment | 23 | €3,724 | €2,862 | -€862 | -23.2% |
| Furniture and vehicles | 24 | €3,205 | €6,732 | +€3,528 | +110% |
| Current assets | 29/58 | €76,159 | €143,055 | +€66,896 | +87.8% |
| Amounts receivable within one year | 40/41 | €30,219 | €69,374 | +€39,156 | +130% |
| Trade receivables | 40 | €12,131 | €34,917 | +€22,786 | +188% |
| Other amounts receivable | 41 | €18,088 | €34,458 | +€16,370 | +90.5% |
| Cash at bank and in hand | 54/58 | €45,857 | €72,007 | +€26,150 | +57.0% |
| Deferred charges and accrued income | 490/1 | €83 | €1,674 | +€1,591 | +1,919% |
| Total equity and liabilities | 10/49 | €83,087 | €152,649 | +€69,562 | +83.7% |
| Equity | 10/15 | €63,016 | €108,140 | +€45,124 | +71.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,016 | €105,140 | +€45,124 | +75.2% |
| Amounts payable | 17/49 | €20,071 | €44,509 | +€24,439 | +122% |
| Amounts payable within one year | 42/48 | €20,071 | €44,509 | +€24,439 | +122% |
| Financial debts | 43 | €422 | €0 | -€422 | -100% |
| Credit institutions | 430/8 | €422 | €0 | -€422 | -100% |
| Trade debts | 44 | €1,636 | €11,517 | +€9,881 | +604% |
| Suppliers | 440/4 | €1,636 | €11,517 | +€9,881 | +604% |
| Taxes, remuneration and social security | 45 | €18,012 | €32,992 | +€14,980 | +83.2% |
| Taxes | 450/3 | €16,012 | €30,411 | +€14,399 | +89.9% |
| Remuneration and social security | 454/9 | €2,000 | €2,581 | +€581 | +29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,477 | €2,560 | +€1,083 | +73.3% |
| Other operating charges | 640/8 | €624 | €404 | -€220 | -35.3% |
| Gross operating margin | 9900 | €79,298 | €65,125 | -€14,173 | -17.9% |
| Operating profit (loss) | 9901 | €77,196 | €62,161 | -€15,035 | -19.5% |
| Financial income | 75/76B | €0 | €4 | +€4 | +5,163% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +5,163% |
| Financial charges | 65/66B | €1,905 | €1,160 | -€745 | -39.1% |
| Recurring financial charges | 65 | €1,905 | €1,160 | -€745 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €75,292 | €61,006 | -€14,286 | -19.0% |
| Income taxes | 67/77 | €15,276 | €15,883 | +€607 | +4.0% |
| Profit (loss) for the period | 9904 | €60,016 | €45,124 | -€14,893 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,016 | €45,124 | -€14,893 | -24.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.