VDSservice: 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.
VDSservice
Largest movements
- Receivables within one year -€12,515
down €12,515 (-25.5%), from €49,064 to €36,549
of which Other amounts receivable: -€10,462
- Tangible fixed assets -€3,365
down €3,365 (-41.9%), from €8,024 to €4,659
of which Other tangible fixed assets: -€2,892
- Receivables after one year +€2,430
up €2,430 (+4.0%), from €60,759 to €63,189
- Deferred charges and accrued income -€2,335
down €2,335 (-76.4%), from €3,054 to €720
- Stocks and contracts -€1,398
down €1,398 (-52.2%), from €2,681 to €1,283
- Other debts -€23,000
down €23,000 (-100%), from €23,000 to €0
- Reserves +€15,500
up €15,500 (+25.0%), from €62,110 to €77,610
- Trade debts -€11,201
down €11,201 (-70.5%), from €15,896 to €4,695
- Current portion of long-term debt +€1,313
up €1,313 (+106%), from €1,237 to €2,549
- Gross operating margin +€16,343
up €16,343 (+126%), from €12,973 to €29,316
- Write-downs +€2,892
new in 2025: €2,892
- Taxes +€2,579
up €2,579 (+71.0%), from €3,631 to €6,210
- Other operating charges +€2,452
up €2,452 (+230%), from €1,068 to €3,520
- Financial income -€1,137
down €1,137 (-21.9%), from €5,185 to €4,047
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 | €123,622 | €106,435 | -€17,187 | -13.9% |
| Fixed assets | 21/28 | €8,024 | €4,659 | -€3,365 | -41.9% |
| Tangible fixed assets | 22/27 | €8,024 | €4,659 | -€3,365 | -41.9% |
| Plant, machinery and equipment | 23 | €39 | €0 | -€39 | -100% |
| Furniture and vehicles | 24 | €5,092 | €4,659 | -€433 | -8.5% |
| Other tangible fixed assets | 26 | €2,892 | €0 | -€2,892 | -100% |
| Current assets | 29/58 | €115,598 | €101,776 | -€13,822 | -12.0% |
| Amounts receivable after more than one year | 29 | €60,759 | €63,189 | +€2,430 | +4.0% |
| Other amounts receivable | 291 | €60,759 | €63,189 | +€2,430 | +4.0% |
| Stocks and contracts in progress | 3 | €2,681 | €1,283 | -€1,398 | -52.2% |
| Stocks | 30/36 | €2,681 | €1,283 | -€1,398 | -52.2% |
| Amounts receivable within one year | 40/41 | €49,064 | €36,549 | -€12,515 | -25.5% |
| Trade receivables | 40 | €8,308 | €6,256 | -€2,053 | -24.7% |
| Other amounts receivable | 41 | €40,755 | €30,293 | -€10,462 | -25.7% |
| Cash at bank and in hand | 54/58 | €41 | €36 | -€5 | -11.9% |
| Deferred charges and accrued income | 490/1 | €3,054 | €720 | -€2,335 | -76.4% |
| Total equity and liabilities | 10/49 | €123,622 | €106,435 | -€17,187 | -13.9% |
| Equity | 10/15 | €70,857 | €86,530 | +€15,673 | +22.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €62,110 | €77,610 | +€15,500 | +25.0% |
| Distributable reserves | 133 | €62,110 | €77,610 | +€15,500 | +25.0% |
| Profit (loss) carried forward | 14 | €2,547 | €2,720 | +€173 | +6.8% |
| Amounts payable | 17/49 | €52,765 | €19,905 | -€32,860 | -62.3% |
| Amounts payable after more than one year | 17 | €867 | €0 | -€867 | -100% |
| Financial debts | 170/4 | €867 | €0 | -€867 | -100% |
| Amounts payable within one year | 42/48 | €51,898 | €19,905 | -€31,993 | -61.6% |
| Current portion of amounts payable after more than one year | 42 | €1,237 | €2,549 | +€1,313 | +106% |
| Financial debts | 43 | €10,955 | €10,641 | -€314 | -2.9% |
| Credit institutions | 430/8 | €10,955 | €10,641 | -€314 | -2.9% |
| Trade debts | 44 | €15,896 | €4,695 | -€11,201 | -70.5% |
| Suppliers | 440/4 | €15,896 | €4,695 | -€11,201 | -70.5% |
| Taxes, remuneration and social security | 45 | €810 | €2,019 | +€1,209 | +149% |
| Taxes | 450/3 | €810 | €2,019 | +€1,209 | +149% |
| Other amounts payable | 47/48 | €23,000 | €0 | -€23,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €531 | €1,436 | +€905 | +170% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,892 | +€2,892 | |
| Other operating charges | 640/8 | €1,068 | €3,520 | +€2,452 | +230% |
| Gross operating margin | 9900 | €12,973 | €29,316 | +€16,343 | +126% |
| Operating profit (loss) | 9901 | €11,374 | €21,469 | +€10,095 | +88.8% |
| Financial income | 75/76B | €5,185 | €4,047 | -€1,137 | -21.9% |
| Recurring financial income | 75 | €5,185 | €4,047 | -€1,137 | -21.9% |
| Financial charges | 65/66B | €4,026 | €3,633 | -€392 | -9.7% |
| Recurring financial charges | 65 | €4,026 | €3,633 | -€392 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €12,533 | €21,883 | +€9,350 | +74.6% |
| Income taxes | 67/77 | €3,631 | €6,210 | +€2,579 | +71.0% |
| Profit (loss) for the period | 9904 | €8,902 | €15,673 | +€6,771 | +76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,902 | €15,673 | +€6,771 | +76.1% |
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 15 October 2026 via checked.be.