VDSC PRODUCTIONS: 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.
VDSC PRODUCTIONS
Largest movements
- Receivables within one year +€27,041
up €27,041 (+241%), from €11,200 to €38,240
of which Trade receivables: +€19,008
- Cash -€3,087
down €3,087 (-67.0%), from €4,605 to €1,518
mainly Receivables within one year (-€27,041) and Trade debts (-€15,585)
- Profit (loss) carried forward +€46,865
up €46,865 (+36.0%), from -€130,152 to -€83,288
- Trade debts -€15,585
down €15,585 (-95.1%), from €16,386 to €801
- Short-term financial debts -€7,832
down €7,832 (-100%), from €7,832 to €0
- Gross operating margin +€124,708
up €124,708 (+107%), from €116,171 to €240,879
- Staff costs +€20,695
up €20,695 (+12.0%), from €172,724 to €193,419
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 | €16,277 | €40,066 | +€23,789 | +146% |
| Current assets | 29/58 | €16,277 | €40,066 | +€23,789 | +146% |
| Amounts receivable within one year | 40/41 | €11,200 | €38,240 | +€27,041 | +241% |
| Trade receivables | 40 | €0 | €19,008 | +€19,008 | |
| Other amounts receivable | 41 | €11,200 | €19,232 | +€8,032 | +71.7% |
| Cash at bank and in hand | 54/58 | €4,605 | €1,518 | -€3,087 | -67.0% |
| Deferred charges and accrued income | 490/1 | €473 | €308 | -€165 | -34.9% |
| Total equity and liabilities | 10/49 | €16,277 | €40,066 | +€23,789 | +146% |
| Equity | 10/15 | -€61,952 | -€15,088 | +€46,865 | +75.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,152 | -€83,288 | +€46,865 | +36.0% |
| Amounts payable | 17/49 | €78,230 | €55,154 | -€23,076 | -29.5% |
| Amounts payable within one year | 42/48 | €78,230 | €55,154 | -€23,076 | -29.5% |
| Financial debts | 43 | €7,832 | €0 | -€7,832 | -100% |
| Credit institutions | 430/8 | €7,832 | €0 | -€7,832 | -100% |
| Trade debts | 44 | €16,386 | €801 | -€15,585 | -95.1% |
| Suppliers | 440/4 | €16,386 | €801 | -€15,585 | -95.1% |
| Taxes, remuneration and social security | 45 | €16,202 | €16,543 | +€341 | +2.1% |
| Taxes | 450/3 | €111 | €40 | -€71 | -64.0% |
| Remuneration and social security | 454/9 | €16,092 | €16,504 | +€412 | +2.6% |
| Other amounts payable | 47/48 | €37,809 | €37,809 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €172,724 | €193,419 | +€20,695 | +12.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €116,171 | €240,879 | +€124,708 | +107% |
| Operating profit (loss) | 9901 | -€56,940 | €47,060 | +€104,000 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €720 | €195 | -€525 | -72.9% |
| Recurring financial charges | 65 | €720 | €195 | -€525 | -72.9% |
| Profit (loss) for the period before taxes | 9903 | -€57,661 | €46,865 | +€104,525 | |
| Income taxes | 67/77 | €0 | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€57,661 | €46,865 | +€104,525 | |
| Profit (loss) for the period to be appropriated | 9905 | -€57,661 | €46,865 | +€104,525 |
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 30 October 2026 via checked.be.