VDS - Services: what changed
Two fiscal 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 - Services
Largest movements
- Receivables within one year -€46,922
down €46,922 (-35.6%), from €131,685 to €84,762
of which Trade receivables: -€33,651
- Tangible fixed assets +€17,312
up €17,312 (+3432.0%), from €504 to €17,816
- Cash +€14,386
up €14,386 (+93.1%), from €15,460 to €29,846
mainly Receivables within one year (+€46,922) and Tax, wage and social debts (+€6,144)
- Stocks and contracts -€3,624
down €3,624 (-16.3%), from €22,197 to €18,573
of which Contracts in progress: -€3,365
- Other debts -€15,744
down €15,744 (-31.4%), from €50,157 to €34,413
- Profit (loss) carried forward -€6,512
down €6,512 (-9.3%), from €69,988 to €63,477
- Tax, wage and social debts +€6,144
up €6,144 (+789.8%), from €778 to €6,922
- Trade debts -€1,928
down €1,928 (-12.8%), from €15,046 to €13,118
- Depreciation +€4,048
up €4,048 (+735.6%), from €550 to €4,598
- Gross operating margin -€2,772
down €2,772, from €2,030 to -€743
- Financial charges -€357
down €357 (-81.5%), from €438 to €81
- Taxes +€253
up €253 (+281.3%), from €90 to €343
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.
Cash bridge derived
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 | €173,928 | €156,089 | -€17,839 | -10.3% |
| Fixed assets | 21/28 | €609 | €17,866 | +€17,257 | +2835.8% |
| Tangible fixed assets | 22/27 | €504 | €17,816 | +€17,312 | +3432.0% |
| Furniture and vehicles | 24 | €504 | €17,816 | +€17,312 | +3432.0% |
| Financial fixed assets | 28 | €104 | €50 | -€55 | -52.4% |
| Current assets | 29/58 | €173,319 | €138,222 | -€35,097 | -20.2% |
| Stocks and contracts in progress | 3 | €22,197 | €18,573 | -€3,624 | -16.3% |
| Stocks | 30/36 | €10,582 | €10,323 | -€259 | -2.4% |
| Contracts in progress | 37 | €11,615 | €8,250 | -€3,365 | -29.0% |
| Amounts receivable within one year | 40/41 | €131,685 | €84,762 | -€46,922 | -35.6% |
| Trade receivables | 40 | €118,320 | €84,669 | -€33,651 | -28.4% |
| Other amounts receivable | 41 | €13,365 | €94 | -€13,271 | -99.3% |
| Current investments | 50/53 | €1,077 | €1,072 | -€5 | -0.4% |
| Cash at bank and in hand | 54/58 | €15,460 | €29,846 | +€14,386 | +93.1% |
| Deferred charges and accrued income | 490/1 | €2,901 | €3,969 | +€1,068 | +36.8% |
| Total equity and liabilities | 10/49 | €173,928 | €156,089 | -€17,839 | -10.3% |
| Equity | 10/15 | €106,747 | €100,236 | -€6,512 | -6.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €24,359 | €24,359 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €22,500 | €22,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,988 | €63,477 | -€6,512 | -9.3% |
| Amounts payable | 17/49 | €67,181 | €55,853 | -€11,328 | -16.9% |
| Amounts payable within one year | 42/48 | €65,981 | €54,453 | -€11,528 | -17.5% |
| Trade debts | 44 | €15,046 | €13,118 | -€1,928 | -12.8% |
| Suppliers | 440/4 | €15,046 | €13,118 | -€1,928 | -12.8% |
| Taxes, remuneration and social security | 45 | €778 | €6,922 | +€6,144 | +789.8% |
| Taxes | 450/3 | €778 | €6,922 | +€6,144 | +789.8% |
| Other amounts payable | 47/48 | €50,157 | €34,413 | -€15,744 | -31.4% |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,400 | +€200 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €550 | €4,598 | +€4,048 | +735.6% |
| Other operating charges | 640/8 | €808 | €804 | -€4 | -0.5% |
| Gross operating margin | 9900 | €2,030 | -€743 | -€2,772 | |
| Operating profit (loss) | 9901 | €672 | -€6,145 | -€6,817 | |
| Financial income | 75/76B | €76 | €57 | -€18 | -24.4% |
| Recurring financial income | 75 | €76 | €57 | -€18 | -24.4% |
| Financial charges | 65/66B | €438 | €81 | -€357 | -81.5% |
| Recurring financial charges | 65 | €438 | €81 | -€357 | -81.5% |
| Profit (loss) for the period before taxes | 9903 | €309 | -€6,169 | -€6,478 | |
| Income taxes | 67/77 | €90 | €343 | +€253 | +281.3% |
| Profit (loss) for the period | 9904 | €219 | -€6,512 | -€6,731 | |
| Profit (loss) for the period to be appropriated | 9905 | €219 | -€6,512 | -€6,731 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.