VDS Seafood: 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 Seafood
Largest movements
- Tangible fixed assets +€181,435
up €181,435 (+36.4%), from €498,116 to €679,551
of which Land and buildings: +€107,515
- Receivables within one year +€53,149
up €53,149 (+19.1%), from €278,687 to €331,836
of which Trade receivables: +€74,774
- Cash +€19,480
up €19,480 (+14.7%), from €132,086 to €151,566
mainly Net result for the year (+€191,602) and Debts after one year (+€94,593)
- Profit (loss) carried forward +€181,298
up €181,298 (+43.4%), from €418,075 to €599,373
- Debts after one year +€94,593
up €94,593 (+53.9%), from €175,629 to €270,222
- Tax, wage and social debts +€46,836
up €46,836 (+159%), from €29,366 to €76,202
of which Taxes: +€45,829
- Trade debts -€44,856
down €44,856 (-27.3%), from €164,036 to €119,180
- Other debts -€34,694
down €34,694 (-77.1%), from €45,000 to €10,306
- Gross operating margin +€61,609
up €61,609 (+20.1%), from €307,059 to €368,668
- Taxes +€25,692
up €25,692 (+63.7%), from €40,303 to €65,995
- Depreciation +€15,919
up €15,919 (+57.5%), from €27,662 to €43,581
- Financial charges +€5,235
up €5,235 (+36.3%), from €14,430 to €19,665
- Staff costs +€4,733
up €4,733 (+11.7%), from €40,615 to €45,348
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 | €944,091 | €1,194,777 | +€250,686 | +26.6% |
| Fixed assets | 21/28 | €499,746 | €681,181 | +€181,435 | +36.3% |
| Tangible fixed assets | 22/27 | €498,116 | €679,551 | +€181,435 | +36.4% |
| Land and buildings | 22 | €459,832 | €567,347 | +€107,515 | +23.4% |
| Plant, machinery and equipment | 23 | €13,404 | €12,855 | -€549 | -4.1% |
| Furniture and vehicles | 24 | €24,880 | €25,687 | +€807 | +3.2% |
| Leasing and similar rights | 25 | - | €73,662 | +€73,662 | |
| Financial fixed assets | 28 | €1,630 | €1,630 | = | 0.0% |
| Current assets | 29/58 | €444,345 | €513,596 | +€69,251 | +15.6% |
| Stocks and contracts in progress | 3 | €33,572 | €30,194 | -€3,378 | -10.1% |
| Stocks | 30/36 | €33,572 | €30,194 | -€3,378 | -10.1% |
| Amounts receivable within one year | 40/41 | €278,687 | €331,836 | +€53,149 | +19.1% |
| Trade receivables | 40 | €252,062 | €326,836 | +€74,774 | +29.7% |
| Other amounts receivable | 41 | €26,625 | €5,000 | -€21,625 | -81.2% |
| Cash at bank and in hand | 54/58 | €132,086 | €151,566 | +€19,480 | +14.7% |
| Total equity and liabilities | 10/49 | €944,091 | €1,194,777 | +€250,686 | +26.6% |
| Equity | 10/15 | €482,829 | €664,127 | +€181,298 | +37.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,754 | €2,754 | = | 0.0% |
| Distributable reserves | 133 | €2,754 | €2,754 | = | 0.0% |
| Profit (loss) carried forward | 14 | €418,075 | €599,373 | +€181,298 | +43.4% |
| Amounts payable | 17/49 | €461,262 | €530,650 | +€69,388 | +15.0% |
| Amounts payable after more than one year | 17 | €175,629 | €270,222 | +€94,593 | +53.9% |
| Financial debts | 170/4 | €175,629 | €270,222 | +€94,593 | +53.9% |
| Amounts payable within one year | 42/48 | €285,633 | €260,428 | -€25,205 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €28,898 | €49,740 | +€20,842 | +72.1% |
| Financial debts | 43 | €18,333 | €5,000 | -€13,333 | -72.7% |
| Credit institutions | 430/8 | €18,333 | €5,000 | -€13,333 | -72.7% |
| Trade debts | 44 | €164,036 | €119,180 | -€44,856 | -27.3% |
| Suppliers | 440/4 | €164,036 | €119,180 | -€44,856 | -27.3% |
| Taxes, remuneration and social security | 45 | €29,366 | €76,202 | +€46,836 | +159% |
| Taxes | 450/3 | €21,751 | €67,580 | +€45,829 | +211% |
| Remuneration and social security | 454/9 | €7,615 | €8,622 | +€1,007 | +13.2% |
| Other amounts payable | 47/48 | €45,000 | €10,306 | -€34,694 | -77.1% |
| Non-recurring operating income | 76A | - | €20,000 | +€20,000 | |
| Remuneration, social security and pensions | 62 | €40,615 | €45,348 | +€4,733 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,662 | €43,581 | +€15,919 | +57.5% |
| Other operating charges | 640/8 | €3,324 | €2,914 | -€410 | -12.3% |
| Gross operating margin | 9900 | €307,059 | €368,668 | +€61,609 | +20.1% |
| Operating profit (loss) | 9901 | €235,458 | €276,825 | +€41,367 | +17.6% |
| Financial income | 75/76B | €606 | €437 | -€169 | -27.9% |
| Recurring financial income | 75 | €606 | €437 | -€169 | -27.9% |
| Financial charges | 65/66B | €14,430 | €19,665 | +€5,235 | +36.3% |
| Recurring financial charges | 65 | €14,430 | €19,665 | +€5,235 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | €221,634 | €257,597 | +€35,963 | +16.2% |
| Income taxes | 67/77 | €40,303 | €65,995 | +€25,692 | +63.7% |
| Profit (loss) for the period | 9904 | €181,331 | €191,602 | +€10,271 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €181,331 | €191,602 | +€10,271 | +5.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.