VDS Pajottenland: what changed
What changed
VDS Pajottenland
filed annual accounts (NBB)
Net result for the year
€20,854
2024 · €35,721-€14,867
Equity
€59,243
2024 · €38,389+€20,854
Cash
€229,366
2024 · €328,088-€98,721
Balance sheet total
€6.4m
2024 · €6.7m-€328,940
Largest movements
Assets
- Tangible fixed assets -€210,477
down €210,477 (-3.4%), from €6.1m to €5.9m
- Cash -€98,721
down €98,721 (-30.1%), from €328,088 to €229,366
mainly Trade debts (-€1.7m) and Debts after one year (-€124,292)
Equity and liabilities
- Trade debts -€1.7m
down €1.7m (-99.2%), from €1.7m to €13,694
- Other debts +€1.5m
up €1.5m (+556%), from €265,473 to €1.7m
- Debts after one year -€124,292
down €124,292 (-2.8%), from €4.4m to €4.3m
Income statement
- Financial charges +€42,503
up €42,503 (+29.5%), from €144,071 to €186,574
- Other operating charges -€14,873
down €14,873 (-93.3%), from €15,934 to €1,060
- Gross operating margin +€11,938
up €11,938 (+2.9%), from €406,779 to €418,717
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.
Result 2024
€35,721
Gross operating margin
+€11,938
Depreciation
+€577
Other operating charges
+€14,873
Financial income
+€248
Financial charges
-€42,503
Result 2025
€20,854
raises the resultlowers the result
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.
From operations
+€334
Investment
€0
Financing
-€99,056
Cash 2024
€328,088
From operations (derived)
+€334
Net result for the year
+€20,854
Depreciation
+€210,477
Receivables within one year
+€19,812
Deferred charges and accrued income
-€70
Trade debts
-€1.7m
Other debts
+€1.5m
Accrued charges and deferred income
-€23,912
Financing
-€99,056
Debts after one year
-€124,292
Current portion of long-term debt
+€25,236
Cash 2025
€229,366
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,688,549 | €6,359,609 | -€328,940 | -4.9% |
| Fixed assets | 21/28 | €6,103,244 | €5,892,767 | -€210,477 | -3.4% |
| Tangible fixed assets | 22/27 | €6,103,244 | €5,892,767 | -€210,477 | -3.4% |
| Other tangible fixed assets | 26 | €6,103,244 | €5,892,767 | -€210,477 | -3.4% |
| Current assets | 29/58 | €585,305 | €466,842 | -€118,463 | -20.2% |
| Amounts receivable within one year | 40/41 | €229,328 | €209,516 | -€19,812 | -8.6% |
| Trade receivables | 40 | €229,328 | €209,516 | -€19,812 | -8.6% |
| Cash at bank and in hand | 54/58 | €328,088 | €229,366 | -€98,721 | -30.1% |
| Deferred charges and accrued income | 490/1 | €27,889 | €27,959 | +€70 | +0.3% |
| Total equity and liabilities | 10/49 | €6,688,549 | €6,359,609 | -€328,940 | -4.9% |
| Equity | 10/15 | €38,389 | €59,243 | +€20,854 | +54.3% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,611 | -€65,757 | +€20,854 | +24.1% |
| Amounts payable | 17/49 | €6,650,160 | €6,300,366 | -€349,794 | -5.3% |
| Amounts payable after more than one year | 17 | €4,449,125 | €4,324,833 | -€124,292 | -2.8% |
| Financial debts | 170/4 | €4,449,125 | €4,324,833 | -€124,292 | -2.8% |
| Amounts payable within one year | 42/48 | €2,155,243 | €1,953,653 | -€201,590 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €173,819 | €199,056 | +€25,236 | +14.5% |
| Trade debts | 44 | €1,715,950 | €13,694 | -€1.7m | -99.2% |
| Suppliers | 440/4 | €1,715,950 | €13,694 | -€1.7m | -99.2% |
| Other amounts payable | 47/48 | €265,473 | €1,740,903 | +€1.5m | +556% |
| Accrued charges and deferred income | 492/3 | €45,792 | €21,880 | -€23,912 | -52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211,053 | €210,477 | -€577 | -0.3% |
| Other operating charges | 640/8 | €15,934 | €1,060 | -€14,873 | -93.3% |
| Gross operating margin | 9900 | €406,779 | €418,717 | +€11,938 | +2.9% |
| Operating profit (loss) | 9901 | €179,792 | €207,180 | +€27,388 | +15.2% |
| Financial income | 75/76B | - | €248 | +€248 | |
| Recurring financial income | 75 | - | €248 | +€248 | |
| Financial charges | 65/66B | €144,071 | €186,574 | +€42,503 | +29.5% |
| Recurring financial charges | 65 | €144,071 | €186,574 | +€42,503 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | €35,721 | €20,854 | -€14,867 | -41.6% |
| Profit (loss) for the period | 9904 | €35,721 | €20,854 | -€14,867 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,721 | €20,854 | -€14,867 | -41.6% |
Next steps
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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 5 November 2026 via checked.be.