VDS Office: 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 Office
Largest movements
- Cash +€59,356
up €59,356 (+71.0%), from €83,575 to €142,931
mainly Current investments (+€51,974) and Net result for the year (+€45,922)
- Current investments -€51,974
down €51,974 (-68.2%), from €76,242 to €24,268
- Financial fixed assets -€40,000
down €40,000 (-13.3%), from €300,000 to €260,000
- Receivables within one year +€32,046
up €32,046 (+352.7%), from €9,085 to €41,131
- Reserves -€24,529
down €24,529 (-5.8%), from €423,551 to €399,022
- Debts after one year +€19,518
up €19,518 (+39.8%), from €49,011 to €68,529
- Gross operating margin -€37,244
down €37,244 (-27.2%), from €136,915 to €99,671
- Financial charges -€25,698
down €25,698 (-37.4%), from €68,671 to €42,973
- Financial income +€13,141
up €13,141 (+363.8%), from €3,612 to €16,753
- Taxes +€10,770
up €10,770 (+91.6%), from €11,764 to €22,534
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €476,444 | €472,891 | -€3,553 | -0.7% |
| Fixed assets | 21/28 | €307,541 | €264,561 | -€42,980 | -14.0% |
| Tangible fixed assets | 22/27 | €7,541 | €4,561 | -€2,980 | -39.5% |
| Plant, machinery and equipment | 23 | €5,601 | €4,362 | -€1,240 | -22.1% |
| Furniture and vehicles | 24 | €1,940 | €199 | -€1,741 | -89.7% |
| Financial fixed assets | 28 | €300,000 | €260,000 | -€40,000 | -13.3% |
| Current assets | 29/58 | €168,903 | €208,330 | +€39,427 | +23.3% |
| Amounts receivable within one year | 40/41 | €9,085 | €41,131 | +€32,046 | +352.7% |
| Other amounts receivable | 41 | €9,085 | €41,131 | +€32,046 | +352.7% |
| Current investments | 50/53 | €76,242 | €24,268 | -€51,974 | -68.2% |
| Cash at bank and in hand | 54/58 | €83,575 | €142,931 | +€59,356 | +71.0% |
| Total equity and liabilities | 10/49 | €476,444 | €472,891 | -€3,553 | -0.7% |
| Equity | 10/15 | €424,863 | €400,355 | -€24,508 | -5.8% |
| Contributions | 10/11 | €751 | €751 | = | 0.0% |
| Reserves | 13 | €423,551 | €399,022 | -€24,529 | -5.8% |
| Distributable reserves | 133 | €423,551 | €399,022 | -€24,529 | -5.8% |
| Profit (loss) carried forward | 14 | €560 | €582 | +€22 | +3.9% |
| Amounts payable | 17/49 | €51,582 | €72,536 | +€20,954 | +40.6% |
| Amounts payable after more than one year | 17 | €49,011 | €68,529 | +€19,518 | +39.8% |
| Financial debts | 170/4 | €49,011 | €68,529 | +€19,518 | +39.8% |
| Amounts payable within one year | 42/48 | €2,570 | €4,007 | +€1,436 | +55.9% |
| Trade debts | 44 | €2,570 | €485 | -€2,085 | -81.1% |
| Suppliers | 440/4 | €2,570 | €485 | -€2,085 | -81.1% |
| Taxes, remuneration and social security | 45 | - | €3,521 | +€3,521 | |
| Taxes | 450/3 | - | €3,521 | +€3,521 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,542 | €2,980 | -€561 | -15.9% |
| Other operating charges | 640/8 | €2,991 | €2,016 | -€975 | -32.6% |
| Gross operating margin | 9900 | €136,915 | €99,671 | -€37,244 | -27.2% |
| Operating profit (loss) | 9901 | €130,382 | €94,675 | -€35,707 | -27.4% |
| Financial income | 75/76B | €3,612 | €16,753 | +€13,141 | +363.8% |
| Recurring financial income | 75 | €3,612 | €16,753 | +€13,141 | +363.8% |
| Financial charges | 65/66B | €68,671 | €42,973 | -€25,698 | -37.4% |
| Recurring financial charges | 65 | €68,671 | €42,973 | -€25,698 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €65,324 | €68,455 | +€3,132 | +4.8% |
| Income taxes | 67/77 | €11,764 | €22,534 | +€10,770 | +91.6% |
| Profit (loss) for the period | 9904 | €53,560 | €45,922 | -€7,638 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,560 | €45,922 | -€7,638 | -14.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.