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 +€182,285
up €182,285 (+636.2%), from €28,651 to €210,936
of which Trade receivables: +€188,999
- Trade debts +€103,714
up €103,714 (+153.1%), from €67,754 to €171,468
- Accrued charges and deferred income +€44,974
up €44,974 (+1658.3%), from €2,712 to €47,686
- Reserves +€37,098
up €37,098 (+80.0%), from €46,360 to €83,458
of which Distributable reserves: +€37,098
- Gross operating margin +€22,795
up €22,795 (+82.5%), from €27,642 to €50,438
- Taxes +€5,783
up €5,783 (+86.2%), from €6,708 to €12,492
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 | €181,690 | €365,103 | +€183,413 | +100.9% |
| Current assets | 29/58 | €181,690 | €365,103 | +€183,413 | +100.9% |
| Amounts receivable within one year | 40/41 | €28,651 | €210,936 | +€182,285 | +636.2% |
| Trade receivables | 40 | €9,700 | €198,699 | +€188,999 | +1948.4% |
| Other amounts receivable | 41 | €18,951 | €12,236 | -€6,715 | -35.4% |
| Cash at bank and in hand | 54/58 | €152,666 | €153,794 | +€1,128 | +0.7% |
| Deferred charges and accrued income | 490/1 | €373 | €374 | +€1 | +0.3% |
| Total equity and liabilities | 10/49 | €181,690 | €365,103 | +€183,413 | +100.9% |
| Equity | 10/15 | €107,860 | €144,958 | +€37,098 | +34.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €46,360 | €83,458 | +€37,098 | +80.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €40,210 | €77,308 | +€37,098 | +92.3% |
| Amounts payable | 17/49 | €73,830 | €220,145 | +€146,315 | +198.2% |
| Amounts payable within one year | 42/48 | €71,118 | €172,459 | +€101,342 | +142.5% |
| Trade debts | 44 | €67,754 | €171,468 | +€103,714 | +153.1% |
| Suppliers | 440/4 | €67,754 | €171,468 | +€103,714 | +153.1% |
| Taxes, remuneration and social security | 45 | €3,364 | €992 | -€2,372 | -70.5% |
| Taxes | 450/3 | €3,364 | €992 | -€2,372 | -70.5% |
| Accrued charges and deferred income | 492/3 | €2,712 | €47,686 | +€44,974 | +1658.3% |
| Other operating charges | 640/8 | €534 | €549 | +€15 | +2.8% |
| Gross operating margin | 9900 | €27,642 | €50,438 | +€22,795 | +82.5% |
| Operating profit (loss) | 9901 | €27,108 | €49,888 | +€22,780 | +84.0% |
| Financial charges | 65/66B | €288 | €299 | +€10 | +3.6% |
| Recurring financial charges | 65 | €288 | €299 | +€10 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €26,819 | €49,590 | +€22,770 | +84.9% |
| Income taxes | 67/77 | €6,708 | €12,492 | +€5,783 | +86.2% |
| Profit (loss) for the period | 9904 | €20,111 | €37,098 | +€16,987 | +84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,111 | €37,098 | +€16,987 | +84.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.