VDS-Plant: 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-Plant
Largest movements
- Stocks and contracts -€43,571
down €43,571 (-36.9%), from €117,990 to €74,419
- Cash +€21,532
up €21,532 (+23.2%), from €92,882 to €114,414
mainly Depreciation (+€73,840) and Stocks and contracts (+€43,571)
- Tangible fixed assets -€13,004
down €13,004 (-1.6%), from €801,267 to €788,263
of which Land and buildings: -€34,792
- Receivables within one year -€10,673
down €10,673 (-54.3%), from €19,662 to €8,988
of which Other amounts receivable: -€10,329
- Debts after one year -€52,837
down €52,837 (-11.4%), from €465,386 to €412,550
- Reserves +€42,549
up €42,549 (+13.2%), from €321,408 to €363,958
of which Distributable reserves: +€42,549
- Trade debts -€31,262
down €31,262 (-100%), from €31,262 to €0
- Tax, wage and social debts -€19,313
down €19,313 (-51.8%), from €37,249 to €17,936
of which Taxes: -€19,880
- Current portion of long-term debt +€17,120
up €17,120 (+18.9%), from €90,767 to €107,887
- Depreciation +€16,311
up €16,311 (+28.4%), from €57,529 to €73,840
- Taxes -€5,643
down €5,643 (-21.0%), from €26,873 to €21,230
- Staff costs +€3,883
up €3,883 (+9.9%), from €39,308 to €43,191
- Gross operating margin +€3,681
up €3,681 (+1.8%), from €208,034 to €211,716
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 | €1,040,037 | €994,339 | -€45,698 | -4.4% |
| Fixed assets | 21/28 | €801,402 | €788,398 | -€13,004 | -1.6% |
| Tangible fixed assets | 22/27 | €801,267 | €788,263 | -€13,004 | -1.6% |
| Land and buildings | 22 | €669,828 | €635,036 | -€34,792 | -5.2% |
| Plant, machinery and equipment | 23 | €94,928 | €83,166 | -€11,762 | -12.4% |
| Furniture and vehicles | 24 | €36,511 | €70,061 | +€33,550 | +91.9% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €238,634 | €205,941 | -€32,694 | -13.7% |
| Stocks and contracts in progress | 3 | €117,990 | €74,419 | -€43,571 | -36.9% |
| Stocks | 30/36 | €117,990 | €74,419 | -€43,571 | -36.9% |
| Amounts receivable within one year | 40/41 | €19,662 | €8,988 | -€10,673 | -54.3% |
| Trade receivables | 40 | €5,082 | €4,738 | -€344 | -6.8% |
| Other amounts receivable | 41 | €14,580 | €4,251 | -€10,329 | -70.8% |
| Cash at bank and in hand | 54/58 | €92,882 | €114,414 | +€21,532 | +23.2% |
| Deferred charges and accrued income | 490/1 | €8,101 | €8,119 | +€18 | +0.2% |
| Total equity and liabilities | 10/49 | €1,040,037 | €994,339 | -€45,698 | -4.4% |
| Equity | 10/15 | €341,408 | €383,958 | +€42,549 | +12.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €321,408 | €363,958 | +€42,549 | +13.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €321,408 | €363,958 | +€42,549 | +13.2% |
| Amounts payable | 17/49 | €698,628 | €610,381 | -€88,247 | -12.6% |
| Amounts payable after more than one year | 17 | €465,386 | €412,550 | -€52,837 | -11.4% |
| Financial debts | 170/4 | €465,386 | €412,550 | -€52,837 | -11.4% |
| Amounts payable within one year | 42/48 | €232,966 | €197,722 | -€35,244 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €90,767 | €107,887 | +€17,120 | +18.9% |
| Trade debts | 44 | €31,262 | €0 | -€31,262 | -100% |
| Suppliers | 440/4 | €31,262 | €0 | -€31,262 | -100% |
| Taxes, remuneration and social security | 45 | €37,249 | €17,936 | -€19,313 | -51.8% |
| Taxes | 450/3 | €28,310 | €8,430 | -€19,880 | -70.2% |
| Remuneration and social security | 454/9 | €8,939 | €9,506 | +€567 | +6.3% |
| Other amounts payable | 47/48 | €73,688 | €71,899 | -€1,789 | -2.4% |
| Accrued charges and deferred income | 492/3 | €276 | €109 | -€167 | -60.4% |
| Non-recurring operating income | 76A | €347 | €1,000 | +€653 | +188% |
| Remuneration, social security and pensions | 62 | €39,308 | €43,191 | +€3,883 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,529 | €73,840 | +€16,311 | +28.4% |
| Other operating charges | 640/8 | €6,801 | €7,980 | +€1,179 | +17.3% |
| Non-recurring operating charges | 66A | - | €387 | +€387 | |
| Gross operating margin | 9900 | €208,034 | €211,716 | +€3,681 | +1.8% |
| Operating profit (loss) | 9901 | €104,397 | €86,318 | -€18,079 | -17.3% |
| Financial income | 75/76B | €1,618 | €2,076 | +€458 | +28.3% |
| Recurring financial income | 75 | €1,618 | €2,076 | +€458 | +28.3% |
| Financial charges | 65/66B | €25,308 | €24,615 | -€693 | -2.7% |
| Recurring financial charges | 65 | €25,308 | €24,615 | -€693 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €80,706 | €63,779 | -€16,927 | -21.0% |
| Income taxes | 67/77 | €26,873 | €21,230 | -€5,643 | -21.0% |
| Profit (loss) for the period | 9904 | €53,834 | €42,549 | -€11,285 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,834 | €42,549 | -€11,285 | -21.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.