VDS-Solutions: 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-Solutions
Largest movements
- Tangible fixed assets -€14,454
down €14,454 (-36.1%), from €40,058 to €25,604
of which Leasing and similar rights: -€14,977
- Receivables within one year +€2,652
up €2,652 (+12.3%), from €21,643 to €24,295
of which Trade receivables: +€4,625
- Cash +€1,958
up €1,958 (+10.2%), from €19,176 to €21,134
mainly Depreciation (+€16,694) and Other debts (+€3,500)
- Debts after one year -€8,893
down €8,893 (-36.1%), from €24,600 to €15,707
- Current portion of long-term debt -€3,785
down €3,785 (-26.4%), from €14,360 to €10,575
- Other debts +€3,500
up €3,500, from €0 to €3,500
- Reserves -€2,965
down €2,965 (-8.4%), from €35,428 to €32,463
- Trade debts +€2,597
up €2,597 (+488.7%), from €531 to €3,129
- Depreciation -€4,345
down €4,345 (-20.7%), from €21,039 to €16,694
- Gross operating margin -€3,074
down €3,074 (-11.4%), from €27,002 to €23,928
- Financial charges -€607
down €607 (-27.0%), from €2,247 to €1,640
- Other operating charges -€359
down €359 (-13.1%), from €2,744 to €2,385
- Financial income -€307
down €307 (-58.0%), from €528 to €222
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 | €86,306 | €76,323 | -€9,983 | -11.6% |
| Fixed assets | 21/28 | €40,058 | €25,604 | -€14,454 | -36.1% |
| Tangible fixed assets | 22/27 | €40,058 | €25,604 | -€14,454 | -36.1% |
| Plant, machinery and equipment | 23 | €1,794 | €888 | -€907 | -50.5% |
| Furniture and vehicles | 24 | - | €1,430 | +€1,430 | |
| Leasing and similar rights | 25 | €38,264 | €23,287 | -€14,977 | -39.1% |
| Current assets | 29/58 | €46,248 | €50,719 | +€4,471 | +9.7% |
| Amounts receivable within one year | 40/41 | €21,643 | €24,295 | +€2,652 | +12.3% |
| Trade receivables | 40 | €12,013 | €16,638 | +€4,625 | +38.5% |
| Other amounts receivable | 41 | €9,630 | €7,657 | -€1,972 | -20.5% |
| Cash at bank and in hand | 54/58 | €19,176 | €21,134 | +€1,958 | +10.2% |
| Deferred charges and accrued income | 490/1 | €5,430 | €5,290 | -€140 | -2.6% |
| Total equity and liabilities | 10/49 | €86,306 | €76,323 | -€9,983 | -11.6% |
| Equity | 10/15 | €43,488 | €40,523 | -€2,965 | -6.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €35,428 | €32,463 | -€2,965 | -8.4% |
| Distributable reserves | 133 | €35,428 | €32,463 | -€2,965 | -8.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €42,818 | €35,800 | -€7,018 | -16.4% |
| Amounts payable after more than one year | 17 | €24,600 | €15,707 | -€8,893 | -36.1% |
| Financial debts | 170/4 | €24,600 | €15,707 | -€8,893 | -36.1% |
| Amounts payable within one year | 42/48 | €18,218 | €20,092 | +€1,874 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €14,360 | €10,575 | -€3,785 | -26.4% |
| Trade debts | 44 | €531 | €3,129 | +€2,597 | +488.7% |
| Suppliers | 440/4 | €531 | €3,129 | +€2,597 | +488.7% |
| Taxes, remuneration and social security | 45 | €3,326 | €2,889 | -€437 | -13.2% |
| Taxes | 450/3 | €3,326 | €2,889 | -€437 | -13.2% |
| Other amounts payable | 47/48 | €0 | €3,500 | +€3,500 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,039 | €16,694 | -€4,345 | -20.7% |
| Other operating charges | 640/8 | €2,744 | €2,385 | -€359 | -13.1% |
| Gross operating margin | 9900 | €27,002 | €23,928 | -€3,074 | -11.4% |
| Operating profit (loss) | 9901 | €3,218 | €4,849 | +€1,630 | +50.7% |
| Financial income | 75/76B | €528 | €222 | -€307 | -58.0% |
| Recurring financial income | 75 | €528 | €222 | -€307 | -58.0% |
| Financial charges | 65/66B | €2,247 | €1,640 | -€607 | -27.0% |
| Recurring financial charges | 65 | €2,247 | €1,640 | -€607 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €1,500 | €3,431 | +€1,931 | +128.8% |
| Income taxes | 67/77 | €3,099 | €2,895 | -€203 | -6.6% |
| Profit (loss) for the period | 9904 | -€1,599 | €535 | +€2,134 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,599 | €535 | +€2,134 |
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 8 October 2026 via checked.be.