VDS-Works: 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-Works
Largest movements
- Cash +€6,096
up €6,096 (+216%), from €2,823 to €8,919
mainly Net result for the year (+€3,727) and Deferred charges and accrued income (+€2,488)
- Deferred charges and accrued income -€2,488
down €2,488 (-45.5%), from €5,469 to €2,981
- Receivables within one year -€791
down €791 (-10.7%), from €7,364 to €6,573
of which Trade receivables: -€2,153
- Tangible fixed assets -€711
down €711 (-42.4%), from €1,677 to €966
- Profit (loss) carried forward +€3,727
up €3,727 (+20.8%), from -€17,941 to -€14,214
- Trade debts -€1,536
down €1,536 (-57.1%), from €2,692 to €1,156
- Gross operating margin +€16,611
up €16,611, from -€10,696 to €5,915
- Financial charges -€657
down €657 (-50.2%), from €1,309 to €652
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 | €17,333 | €19,439 | +€2,106 | +12.1% |
| Fixed assets | 21/28 | €1,677 | €966 | -€711 | -42.4% |
| Tangible fixed assets | 22/27 | €1,677 | €966 | -€711 | -42.4% |
| Plant, machinery and equipment | 23 | €1,677 | €966 | -€711 | -42.4% |
| Current assets | 29/58 | €15,657 | €18,473 | +€2,817 | +18.0% |
| Amounts receivable within one year | 40/41 | €7,364 | €6,573 | -€791 | -10.7% |
| Trade receivables | 40 | €6,494 | €4,341 | -€2,153 | -33.2% |
| Other amounts receivable | 41 | €871 | €2,233 | +€1,362 | +156% |
| Cash at bank and in hand | 54/58 | €2,823 | €8,919 | +€6,096 | +216% |
| Deferred charges and accrued income | 490/1 | €5,469 | €2,981 | -€2,488 | -45.5% |
| Total equity and liabilities | 10/49 | €17,333 | €19,439 | +€2,106 | +12.1% |
| Equity | 10/15 | -€6,267 | -€2,540 | +€3,727 | +59.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,674 | €6,674 | = | 0.0% |
| Distributable reserves | 133 | €6,674 | €6,674 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,941 | -€14,214 | +€3,727 | +20.8% |
| Amounts payable | 17/49 | €23,600 | €21,979 | -€1,621 | -6.9% |
| Amounts payable within one year | 42/48 | €23,600 | €21,979 | -€1,621 | -6.9% |
| Trade debts | 44 | €2,692 | €1,156 | -€1,536 | -57.1% |
| Suppliers | 440/4 | €2,692 | €1,156 | -€1,536 | -57.1% |
| Taxes, remuneration and social security | 45 | €3,413 | €3,328 | -€85 | -2.5% |
| Taxes | 450/3 | €3,413 | €3,328 | -€85 | -2.5% |
| Other amounts payable | 47/48 | €17,495 | €17,495 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €711 | €711 | = | 0.0% |
| Other operating charges | 640/8 | €632 | €693 | +€61 | +9.7% |
| Gross operating margin | 9900 | -€10,696 | €5,915 | +€16,611 | |
| Operating profit (loss) | 9901 | -€12,039 | €4,511 | +€16,550 | |
| Financial charges | 65/66B | €1,309 | €652 | -€657 | -50.2% |
| Recurring financial charges | 65 | €1,309 | €652 | -€657 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,348 | €3,859 | +€17,207 | |
| Income taxes | 67/77 | €129 | €132 | +€3 | +2.1% |
| Profit (loss) for the period | 9904 | -€13,477 | €3,727 | +€17,204 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,477 | €3,727 | +€17,204 |
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.