VDV DRILLING: 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.
VDV DRILLING
Largest movements
- Receivables within one year +€51,229
up €51,229 (+70.9%), from €72,306 to €123,535
of which Other amounts receivable: +€57,855
- Cash -€27,507
down €27,507 (-49.1%), from €56,035 to €28,528
mainly Receivables within one year (-€51,229) and Contributions, distributions and other (-€38,820)
- Deferred charges and accrued income +€6,579
up €6,579 (+598%), from €1,101 to €7,679
- Debts after one year +€50,000
new in 2025: €50,000
- Profit (loss) carried forward -€12,614
new in 2025: -€12,614
- Trade debts -€10,794
no longer reported in 2025 (was €10,794)
- Tax, wage and social debts +€4,467
up €4,467 (+44.3%), from €10,076 to €14,543
- Financial charges +€62,897
up €62,897 (+79,869%), from €79 to €62,975
of which Non-recurring financial charges: +€62,792
- Gross operating margin +€18,984
up €18,984 (+22.1%), from €86,013 to €104,997
- Taxes -€8,359
down €8,359 (-37.7%), from €22,190 to €13,831
- Depreciation -€5,928
down €5,928 (-54.2%), from €10,933 to €5,005
- Financial income +€2,515
up €2,515 (+123%), from €2,039 to €4,554
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 | €150,011 | €181,070 | +€31,058 | +20.7% |
| Fixed assets | 21/28 | €20,570 | €21,327 | +€757 | +3.7% |
| Tangible fixed assets | 22/27 | €20,570 | €21,327 | +€757 | +3.7% |
| Plant, machinery and equipment | 23 | - | €1,499 | +€1,499 | |
| Furniture and vehicles | 24 | €7,000 | €4,263 | -€2,737 | -39.1% |
| Other tangible fixed assets | 26 | €13,570 | €15,566 | +€1,996 | +14.7% |
| Current assets | 29/58 | €129,441 | €159,742 | +€30,301 | +23.4% |
| Amounts receivable within one year | 40/41 | €72,306 | €123,535 | +€51,229 | +70.9% |
| Trade receivables | 40 | €15,446 | €8,820 | -€6,626 | -42.9% |
| Other amounts receivable | 41 | €56,860 | €114,715 | +€57,855 | +102% |
| Cash at bank and in hand | 54/58 | €56,035 | €28,528 | -€27,507 | -49.1% |
| Deferred charges and accrued income | 490/1 | €1,101 | €7,679 | +€6,579 | +598% |
| Total equity and liabilities | 10/49 | €150,011 | €181,070 | +€31,058 | +20.7% |
| Equity | 10/15 | €129,141 | €116,527 | -€12,614 | -9.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €125,141 | €125,141 | = | 0.0% |
| Distributable reserves | 133 | €125,141 | €125,141 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€12,614 | -€12,614 | |
| Amounts payable | 17/49 | €20,870 | €64,543 | +€43,673 | +209% |
| Amounts payable after more than one year | 17 | - | €50,000 | +€50,000 | |
| Financial debts | 170/4 | - | €50,000 | +€50,000 | |
| Amounts payable within one year | 42/48 | €20,870 | €14,543 | -€6,327 | -30.3% |
| Trade debts | 44 | €10,794 | - | -€10,794 | |
| Suppliers | 440/4 | €10,794 | - | -€10,794 | |
| Taxes, remuneration and social security | 45 | €10,076 | €14,543 | +€4,467 | +44.3% |
| Taxes | 450/3 | €10,076 | €14,543 | +€4,467 | +44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,933 | €5,005 | -€5,928 | -54.2% |
| Other operating charges | 640/8 | €484 | €844 | +€361 | +74.6% |
| Non-recurring operating charges | 66A | €232 | €689 | +€457 | +197% |
| Gross operating margin | 9900 | €86,013 | €104,997 | +€18,984 | +22.1% |
| Operating profit (loss) | 9901 | €74,364 | €98,458 | +€24,094 | +32.4% |
| Financial income | 75/76B | €2,039 | €4,554 | +€2,515 | +123% |
| Recurring financial income | 75 | €2,039 | €4,554 | +€2,515 | +123% |
| Financial charges | 65/66B | €79 | €62,975 | +€62,897 | +79,869% |
| Recurring financial charges | 65 | €79 | €183 | +€105 | +133% |
| Non-recurring financial charges | 66B | - | €62,792 | +€62,792 | |
| Profit (loss) for the period before taxes | 9903 | €76,324 | €40,036 | -€36,287 | -47.5% |
| Income taxes | 67/77 | €22,190 | €13,831 | -€8,359 | -37.7% |
| Profit (loss) for the period | 9904 | €54,134 | €26,206 | -€27,928 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €54,134 | €26,206 | -€27,928 | -51.6% |
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 19 October 2026 via checked.be.