VDS Service: 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 Service
Largest movements
- Cash -€44,589
down €44,589 (-19.5%), from €229,125 to €184,536
mainly Contributions, distributions and other (-€133,270) and Investment in fixed assets (net) (-€66,593)
- Tangible fixed assets +€10,798
up €10,798 (+6.9%), from €157,001 to €167,799
of which Furniture and vehicles: +€6,168
- Receivables within one year +€7,259
up €7,259 (+11.3%), from €63,960 to €71,219
of which Other amounts receivable: +€18,171
- Reserves -€44,927
down €44,927 (-20.3%), from €221,674 to €176,747
- Other debts -€20,584
down €20,584 (-100%), from €20,584 to €0
- Tax, wage and social debts +€16,796
up €16,796 (+94.0%), from €17,869 to €34,665
of which Taxes: +€13,576
- Current portion of long-term debt +€12,186
up €12,186 (+41.9%), from €29,089 to €41,276
- Debts after one year +€6,154
up €6,154 (+4.4%), from €139,061 to €145,215
- Gross operating margin +€56,097
up €56,097 (+35.1%), from €159,660 to €215,757
- Taxes +€8,269
up €8,269 (+46.2%), from €17,883 to €26,152
- Depreciation +€8,044
up €8,044 (+16.8%), from €47,751 to €55,795
- Staff costs +€6,751
up €6,751 (+37.8%), from €17,853 to €24,604
- Other operating charges +€3,770
up €3,770 (+85.8%), from €4,396 to €8,166
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 | €455,305 | €429,123 | -€26,182 | -5.8% |
| Fixed assets | 21/28 | €157,251 | €168,049 | +€10,798 | +6.9% |
| Tangible fixed assets | 22/27 | €157,001 | €167,799 | +€10,798 | +6.9% |
| Furniture and vehicles | 24 | €147,010 | €153,178 | +€6,168 | +4.2% |
| Other tangible fixed assets | 26 | €9,992 | €14,621 | +€4,630 | +46.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €298,054 | €261,074 | -€36,980 | -12.4% |
| Amounts receivable within one year | 40/41 | €63,960 | €71,219 | +€7,259 | +11.3% |
| Trade receivables | 40 | €63,381 | €52,468 | -€10,912 | -17.2% |
| Other amounts receivable | 41 | €579 | €18,750 | +€18,171 | +3,139% |
| Cash at bank and in hand | 54/58 | €229,125 | €184,536 | -€44,589 | -19.5% |
| Deferred charges and accrued income | 490/1 | €4,970 | €5,319 | +€350 | +7.0% |
| Total equity and liabilities | 10/49 | €455,305 | €429,123 | -€26,182 | -5.8% |
| Equity | 10/15 | €240,274 | €195,347 | -€44,927 | -18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €221,674 | €176,747 | -€44,927 | -20.3% |
| Distributable reserves | 133 | €221,674 | €176,747 | -€44,927 | -20.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €215,031 | €233,775 | +€18,744 | +8.7% |
| Amounts payable after more than one year | 17 | €139,061 | €145,215 | +€6,154 | +4.4% |
| Financial debts | 170/4 | €139,061 | €145,215 | +€6,154 | +4.4% |
| Amounts payable within one year | 42/48 | €75,971 | €88,561 | +€12,590 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €29,089 | €41,276 | +€12,186 | +41.9% |
| Trade debts | 44 | €8,429 | €12,620 | +€4,191 | +49.7% |
| Suppliers | 440/4 | €8,429 | €12,620 | +€4,191 | +49.7% |
| Taxes, remuneration and social security | 45 | €17,869 | €34,665 | +€16,796 | +94.0% |
| Taxes | 450/3 | €13,799 | €27,375 | +€13,576 | +98.4% |
| Remuneration and social security | 454/9 | €4,070 | €7,290 | +€3,220 | +79.1% |
| Other amounts payable | 47/48 | €20,584 | €0 | -€20,584 | -100% |
| Non-recurring operating income | 76A | €420 | €18,758 | +€18,338 | +4,366% |
| Remuneration, social security and pensions | 62 | €17,853 | €24,604 | +€6,751 | +37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,751 | €55,795 | +€8,044 | +16.8% |
| Other operating charges | 640/8 | €4,396 | €8,166 | +€3,770 | +85.8% |
| Non-recurring operating charges | 66A | - | €2,338 | +€2,338 | |
| Gross operating margin | 9900 | €159,660 | €215,757 | +€56,097 | +35.1% |
| Operating profit (loss) | 9901 | €89,659 | €124,853 | +€35,194 | +39.3% |
| Financial income | 75/76B | €0 | €2 | +€2 | +354% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +354% |
| Financial charges | 65/66B | €8,507 | €10,360 | +€1,853 | +21.8% |
| Recurring financial charges | 65 | €8,507 | €10,360 | +€1,853 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €81,153 | €114,495 | +€33,342 | +41.1% |
| Income taxes | 67/77 | €17,883 | €26,152 | +€8,269 | +46.2% |
| Profit (loss) for the period | 9904 | €63,270 | €88,343 | +€25,073 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,270 | €88,343 | +€25,073 | +39.6% |
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 25 October 2026 via checked.be.