VDSCURE: 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.
VDSCURE
Largest movements
- Receivables within one year +€4,057
up €4,057 (+1808.7%), from €224 to €4,282
of which Other amounts receivable: +€3,309
- Cash -€914
down €914 (-98.0%), from €933 to €19
mainly Receivables within one year (-€4,057) and Other debts (-€840)
- Tangible fixed assets -€262
down €262 (-46.3%), from €567 to €305
- Profit (loss) carried forward +€2,934
up €2,934 (+28.2%), from -€10,390 to -€7,456
- Tax, wage and social debts +€1,543
up €1,543 (+37.7%), from €4,091 to €5,635
- Other debts -€840
no longer reported in 2025 (was €840)
- Trade debts -€757
down €757 (-98.1%), from €772 to €15
- Gross operating margin +€3,630
up €3,630 (+667.1%), from €544 to €4,174
- Other operating charges -€254
down €254 (-28.1%), from €903 to €649
- Financial charges +€70
up €70 (+27.1%), from €258 to €328
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 | €1,724 | €4,605 | +€2,881 | +167.1% |
| Fixed assets | 21/28 | €567 | €305 | -€262 | -46.3% |
| Tangible fixed assets | 22/27 | €567 | €305 | -€262 | -46.3% |
| Furniture and vehicles | 24 | €567 | €305 | -€262 | -46.3% |
| Current assets | 29/58 | €1,157 | €4,300 | +€3,143 | +271.6% |
| Amounts receivable within one year | 40/41 | €224 | €4,282 | +€4,057 | +1808.7% |
| Trade receivables | 40 | €224 | €973 | +€749 | +333.8% |
| Other amounts receivable | 41 | - | €3,309 | +€3,309 | |
| Cash at bank and in hand | 54/58 | €933 | €19 | -€914 | -98.0% |
| Total equity and liabilities | 10/49 | €1,724 | €4,605 | +€2,881 | +167.1% |
| Equity | 10/15 | -€3,979 | -€1,045 | +€2,934 | +73.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €212 | €212 | = | 0.0% |
| Non-distributable reserves | 130/1 | €212 | €212 | = | 0.0% |
| Other | 1319 | €212 | €212 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,390 | -€7,456 | +€2,934 | +28.2% |
| Amounts payable | 17/49 | €5,703 | €5,649 | -€53 | -0.9% |
| Amounts payable within one year | 42/48 | €5,703 | €5,649 | -€53 | -0.9% |
| Trade debts | 44 | €772 | €15 | -€757 | -98.1% |
| Suppliers | 440/4 | €772 | €15 | -€757 | -98.1% |
| Taxes, remuneration and social security | 45 | €4,091 | €5,635 | +€1,543 | +37.7% |
| Taxes | 450/3 | €4,091 | €5,635 | +€1,543 | +37.7% |
| Other amounts payable | 47/48 | €840 | - | -€840 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €262 | €262 | = | 0.0% |
| Other operating charges | 640/8 | €903 | €649 | -€254 | -28.1% |
| Gross operating margin | 9900 | €544 | €4,174 | +€3,630 | +667.1% |
| Operating profit (loss) | 9901 | -€621 | €3,262 | +€3,884 | |
| Financial charges | 65/66B | €258 | €328 | +€70 | +27.1% |
| Recurring financial charges | 65 | €258 | €328 | +€70 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | -€880 | €2,934 | +€3,814 | |
| Profit (loss) for the period | 9904 | -€880 | €2,934 | +€3,814 | |
| Profit (loss) for the period to be appropriated | 9905 | -€880 | €2,934 | +€3,814 |
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 29 September 2026 via checked.be.