VDThems: 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.
VDThems
Largest movements
- Intangible fixed assets -€52,667
down €52,667 (-4.3%), from €1.2m to €1.2m
- Cash +€34,415
up €34,415 (+25.2%), from €136,702 to €171,117
mainly Depreciation (+€183,596) and Trade debts (+€85,732)
- Other debts -€134,055
down €134,055 (-5.1%), from €2.7m to €2.5m
- Trade debts +€85,732
up €85,732 (+328.4%), from €26,104 to €111,836
- Accrued charges and deferred income +€45,000
new in 2024: €45,000
- Gross operating margin +€16,498
up €16,498 (+8.6%), from €190,973 to €207,471
- Depreciation +€15,243
up €15,243 (+9.1%), from €168,353 to €183,596
- Other operating charges +€10,923
up €10,923 (+95.2%), from €11,470 to €22,393
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.
Cash bridge derived
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 | €2,786,918 | €2,770,222 | -€16,696 | -0.6% |
| Fixed assets | 21/28 | €2,625,320 | €2,576,060 | -€49,260 | -1.9% |
| Intangible fixed assets | 21 | €1,233,429 | €1,180,763 | -€52,667 | -4.3% |
| Tangible fixed assets | 22/27 | €1,391,590 | €1,394,997 | +€3,407 | +0.2% |
| Land and buildings | 22 | €701,732 | €391,961 | -€309,771 | -44.1% |
| Plant, machinery and equipment | 23 | €13,115 | €41,114 | +€28,000 | +213.5% |
| Furniture and vehicles | 24 | €676,744 | €961,922 | +€285,178 | +42.1% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €161,598 | €194,162 | +€32,564 | +20.2% |
| Stocks and contracts in progress | 3 | €6,452 | €15,948 | +€9,496 | +147.2% |
| Stocks | 30/36 | €6,452 | €15,948 | +€9,496 | +147.2% |
| Amounts receivable within one year | 40/41 | €18,444 | €7,097 | -€11,347 | -61.5% |
| Trade receivables | 40 | €18,444 | €7,096 | -€11,348 | -61.5% |
| Other amounts receivable | 41 | €1 | €1 | +€0 | +46.2% |
| Cash at bank and in hand | 54/58 | €136,702 | €171,117 | +€34,415 | +25.2% |
| Total equity and liabilities | 10/49 | €2,786,918 | €2,770,222 | -€16,696 | -0.6% |
| Equity | 10/15 | €90,308 | €90,874 | +€566 | +0.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €77,908 | €78,474 | +€566 | +0.7% |
| Distributable reserves | 133 | €77,908 | €78,474 | +€566 | +0.7% |
| Amounts payable | 17/49 | €2,696,610 | €2,679,348 | -€17,262 | -0.6% |
| Amounts payable within one year | 42/48 | €2,696,610 | €2,634,348 | -€62,262 | -2.3% |
| Trade debts | 44 | €26,104 | €111,836 | +€85,732 | +328.4% |
| Suppliers | 440/4 | €26,104 | €111,836 | +€85,732 | +328.4% |
| Taxes, remuneration and social security | 45 | €16,325 | €2,386 | -€13,939 | -85.4% |
| Taxes | 450/3 | €16,325 | €2,386 | -€13,939 | -85.4% |
| Other amounts payable | 47/48 | €2,654,181 | €2,520,126 | -€134,055 | -5.1% |
| Accrued charges and deferred income | 492/3 | - | €45,000 | +€45,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,353 | €183,596 | +€15,243 | +9.1% |
| Other operating charges | 640/8 | €11,470 | €22,393 | +€10,923 | +95.2% |
| Gross operating margin | 9900 | €190,973 | €207,471 | +€16,498 | +8.6% |
| Operating profit (loss) | 9901 | €11,150 | €1,483 | -€9,667 | -86.7% |
| Financial income | 75/76B | €51 | €1 | -€50 | -99.0% |
| Recurring financial income | 75 | €51 | €1 | -€50 | -99.0% |
| Financial charges | 65/66B | €326 | €283 | -€43 | -13.1% |
| Recurring financial charges | 65 | €326 | €283 | -€43 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €10,875 | €1,200 | -€9,675 | -89.0% |
| Income taxes | 67/77 | €1,076 | €634 | -€442 | -41.1% |
| Profit (loss) for the period | 9904 | €9,799 | €566 | -€9,233 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,799 | €566 | -€9,233 | -94.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.