VDS-PRODUCTIONS: 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-PRODUCTIONS
Largest movements
- Receivables within one year +€161,971
up €161,971 (+179%), from €90,634 to €252,604
of which Trade receivables: +€174,829
- Cash -€49,406
down €49,406 (-34.2%), from €144,351 to €94,946
mainly Receivables within one year (-€161,971) and Tax, wage and social debts (-€51,435)
- Stocks and contracts +€44,648
up €44,648 (+119%), from €37,450 to €82,098
- Deferred charges and accrued income +€7,063
new in 2025: €7,063
- Tangible fixed assets -€6,276
down €6,276 (-7.4%), from €85,156 to €78,880
of which Plant, machinery and equipment: -€16,448
- Reserves +€114,734
up €114,734 (+84.4%), from €136,003 to €250,737
- Tax, wage and social debts -€51,435
down €51,435 (-91.1%), from €56,436 to €5,001
of which Taxes: -€53,891
- Other debts +€50,443
up €50,443 (+3,028%), from €1,666 to €52,109
- Trade debts +€31,313
up €31,313 (+19.4%), from €161,486 to €192,799
- Debts after one year +€9,097
new in 2025: €9,097
- Depreciation +€10,564
up €10,564 (+157%), from €6,725 to €17,289
- Gross operating margin -€10,271
down €10,271 (-5.1%), from €202,822 to €192,551
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 | €357,590 | €515,591 | +€158,000 | +44.2% |
| Fixed assets | 21/28 | €85,156 | €78,880 | -€6,276 | -7.4% |
| Tangible fixed assets | 22/27 | €85,156 | €78,880 | -€6,276 | -7.4% |
| Plant, machinery and equipment | 23 | €72,859 | €56,411 | -€16,448 | -22.6% |
| Furniture and vehicles | 24 | €3,140 | €14,234 | +€11,094 | +353% |
| Other tangible fixed assets | 26 | €9,157 | €8,235 | -€922 | -10.1% |
| Current assets | 29/58 | €272,435 | €436,711 | +€164,276 | +60.3% |
| Stocks and contracts in progress | 3 | €37,450 | €82,098 | +€44,648 | +119% |
| Stocks | 30/36 | €37,450 | €82,098 | +€44,648 | +119% |
| Amounts receivable within one year | 40/41 | €90,634 | €252,604 | +€161,971 | +179% |
| Trade receivables | 40 | €39,796 | €214,625 | +€174,829 | +439% |
| Other amounts receivable | 41 | €50,838 | €37,979 | -€12,859 | -25.3% |
| Cash at bank and in hand | 54/58 | €144,351 | €94,946 | -€49,406 | -34.2% |
| Deferred charges and accrued income | 490/1 | - | €7,063 | +€7,063 | |
| Total equity and liabilities | 10/49 | €357,590 | €515,591 | +€158,000 | +44.2% |
| Equity | 10/15 | €138,003 | €252,737 | +€114,734 | +83.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €136,003 | €250,737 | +€114,734 | +84.4% |
| Distributable reserves | 133 | €136,003 | €250,737 | +€114,734 | +84.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €219,588 | €262,854 | +€43,266 | +19.7% |
| Amounts payable after more than one year | 17 | - | €9,097 | +€9,097 | |
| Financial debts | 170/4 | - | €9,097 | +€9,097 | |
| Amounts payable within one year | 42/48 | €219,588 | €252,257 | +€32,669 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | - | €2,348 | +€2,348 | |
| Trade debts | 44 | €161,486 | €192,799 | +€31,313 | +19.4% |
| Suppliers | 440/4 | €161,486 | €192,799 | +€31,313 | +19.4% |
| Taxes, remuneration and social security | 45 | €56,436 | €5,001 | -€51,435 | -91.1% |
| Taxes | 450/3 | €53,980 | €89 | -€53,891 | -99.8% |
| Remuneration and social security | 454/9 | €2,456 | €4,913 | +€2,456 | +100% |
| Other amounts payable | 47/48 | €1,666 | €52,109 | +€50,443 | +3,028% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Non-recurring operating income | 76A | - | €4,316 | +€4,316 | |
| Remuneration, social security and pensions | 62 | - | €158 | +€158 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,725 | €17,289 | +€10,564 | +157% |
| Other operating charges | 640/8 | €200 | €1,669 | +€1,469 | +734% |
| Gross operating margin | 9900 | €202,822 | €192,551 | -€10,271 | -5.1% |
| Operating profit (loss) | 9901 | €195,897 | €173,435 | -€22,462 | -11.5% |
| Financial income | 75/76B | €56 | €584 | +€528 | +940% |
| Recurring financial income | 75 | €56 | €584 | +€528 | +940% |
| Financial charges | 65/66B | €304 | €1,190 | +€885 | +291% |
| Recurring financial charges | 65 | €304 | €1,190 | +€885 | +291% |
| Profit (loss) for the period before taxes | 9903 | €195,648 | €172,829 | -€22,819 | -11.7% |
| Income taxes | 67/77 | €57,980 | €56,377 | -€1,603 | -2.8% |
| Profit (loss) for the period | 9904 | €137,669 | €116,452 | -€21,216 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €137,669 | €116,452 | -€21,216 | -15.4% |
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 29 October 2026 via checked.be.