VDT Projects: 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.
VDT Projects
Largest movements
- Tangible fixed assets -€886,966
down €886,966 (-51.6%), from €1.7m to €832,992
of which Land and buildings: -€886,966
- Receivables within one year +€588,982
up €588,982 (+52.3%), from €1.1m to €1.7m
of which Other amounts receivable: +€708,983
- Short-term financial debts -€185,218
down €185,218 (-35.1%), from €527,418 to €342,200
- Trade debts -€89,571
down €89,571 (-99.4%), from €90,082 to €511
- Profit (loss) carried forward +€65,352
up €65,352 (+42.0%), from -€155,624 to -€90,272
- Other debts -€54,633
down €54,633 (-2.4%), from €2.3m to €2.3m
- Gross operating margin +€153,195
up €153,195, from -€46,697 to €106,498
- Financial income +€17,268
up €17,268 (+48.0%), from €35,990 to €53,258
- Financial charges -€9,865
down €9,865 (-9.6%), from €102,255 to €92,391
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,862,304 | €2,583,139 | -€279,165 | -9.8% |
| Fixed assets | 21/28 | €1,724,952 | €837,334 | -€887,618 | -51.5% |
| Intangible fixed assets | 21 | €820 | €168 | -€652 | -79.5% |
| Tangible fixed assets | 22/27 | €1,719,957 | €832,992 | -€886,966 | -51.6% |
| Land and buildings | 22 | €1,719,957 | €832,992 | -€886,966 | -51.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €4,174 | €4,174 | = | 0.0% |
| Current assets | 29/58 | €1,137,352 | €1,745,805 | +€608,453 | +53.5% |
| Amounts receivable within one year | 40/41 | €1,125,110 | €1,714,092 | +€588,982 | +52.3% |
| Trade receivables | 40 | €120,001 | €0 | -€120,001 | -100% |
| Other amounts receivable | 41 | €1,005,109 | €1,714,092 | +€708,983 | +70.5% |
| Cash at bank and in hand | 54/58 | €12,242 | €31,713 | +€19,471 | +159% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,862,304 | €2,583,139 | -€279,165 | -9.8% |
| Equity | 10/15 | -€102,710 | -€37,358 | +€65,352 | +63.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €32,914 | €32,914 | = | 0.0% |
| Distributable reserves | 133 | €32,914 | €32,914 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€155,624 | -€90,272 | +€65,352 | +42.0% |
| Amounts payable | 17/49 | €2,965,014 | €2,620,497 | -€344,516 | -11.6% |
| Amounts payable after more than one year | 17 | €13,682 | €5,093 | -€8,589 | -62.8% |
| Financial debts | 170/4 | €13,682 | €5,093 | -€8,589 | -62.8% |
| Amounts payable within one year | 42/48 | €2,951,332 | €2,615,404 | -€335,927 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €8,501 | €8,589 | +€89 | +1.0% |
| Financial debts | 43 | €527,418 | €342,200 | -€185,218 | -35.1% |
| Credit institutions | 430/8 | €527,418 | €342,200 | -€185,218 | -35.1% |
| Trade debts | 44 | €90,082 | €511 | -€89,571 | -99.4% |
| Suppliers | 440/4 | €90,082 | €511 | -€89,571 | -99.4% |
| Taxes, remuneration and social security | 45 | €19,478 | €12,885 | -€6,593 | -33.8% |
| Taxes | 450/3 | €19,478 | €12,885 | -€6,593 | -33.8% |
| Other amounts payable | 47/48 | €2,305,853 | €2,251,219 | -€54,633 | -2.4% |
| Non-recurring operating income | 76A | €11,270 | €0 | -€11,270 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €652 | €652 | = | 0.0% |
| Other operating charges | 640/8 | €619 | €1,362 | +€743 | +120% |
| Gross operating margin | 9900 | -€46,697 | €106,498 | +€153,195 | |
| Operating profit (loss) | 9901 | -€47,968 | €104,484 | +€152,452 | |
| Financial income | 75/76B | €35,990 | €53,258 | +€17,268 | +48.0% |
| Recurring financial income | 75 | €35,990 | €53,258 | +€17,268 | +48.0% |
| Financial charges | 65/66B | €102,255 | €92,391 | -€9,865 | -9.6% |
| Recurring financial charges | 65 | €102,255 | €92,391 | -€9,865 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | -€114,233 | €65,352 | +€179,585 | |
| Profit (loss) for the period | 9904 | -€114,233 | €65,352 | +€179,585 | |
| Profit (loss) for the period to be appropriated | 9905 | -€114,233 | €65,352 | +€179,585 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.