VDV Full Services: 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 Full Services
Largest movements
- Receivables within one year -€757
down €757 (-37.0%), from €2,044 to €1,287
of which Trade receivables: -€718
- Tangible fixed assets +€501
up €501 (+5.8%), from €8,706 to €9,207
of which Plant, machinery and equipment: +€3,013
- Other debts -€3,943
down €3,943 (-7.5%), from €52,304 to €48,361
- Profit (loss) carried forward +€2,496
up €2,496 (+6.4%), from -€39,007 to -€36,511
- Tax, wage and social debts +€909
new in 2025: €909
- Gross operating margin +€4,678
up €4,678 (+231%), from €2,024 to €6,702
- Depreciation +€101
up €101 (+3.0%), from €3,398 to €3,499
- Financial charges +€86
up €86 (+17.5%), from €493 to €580
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 | €15,297 | €14,844 | -€454 | -3.0% |
| Fixed assets | 21/28 | €8,706 | €9,207 | +€501 | +5.8% |
| Tangible fixed assets | 22/27 | €8,706 | €9,207 | +€501 | +5.8% |
| Plant, machinery and equipment | 23 | €2,849 | €5,863 | +€3,013 | +106% |
| Furniture and vehicles | 24 | €5,857 | €3,345 | -€2,513 | -42.9% |
| Current assets | 29/58 | €6,591 | €5,636 | -€955 | -14.5% |
| Amounts receivable within one year | 40/41 | €2,044 | €1,287 | -€757 | -37.0% |
| Trade receivables | 40 | €2,005 | €1,287 | -€718 | -35.8% |
| Other amounts receivable | 41 | €39 | - | -€39 | |
| Cash at bank and in hand | 54/58 | €4,409 | €4,349 | -€60 | -1.4% |
| Deferred charges and accrued income | 490/1 | €138 | - | -€138 | |
| Total equity and liabilities | 10/49 | €15,297 | €14,844 | -€454 | -3.0% |
| Equity | 10/15 | -€37,007 | -€34,511 | +€2,496 | +6.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,007 | -€36,511 | +€2,496 | +6.4% |
| Amounts payable | 17/49 | €52,304 | €49,355 | -€2,949 | -5.6% |
| Amounts payable within one year | 42/48 | €52,304 | €49,288 | -€3,016 | -5.8% |
| Trade debts | 44 | - | €17 | +€17 | |
| Suppliers | 440/4 | - | €17 | +€17 | |
| Taxes, remuneration and social security | 45 | - | €909 | +€909 | |
| Taxes | 450/3 | - | €909 | +€909 | |
| Other amounts payable | 47/48 | €52,304 | €48,361 | -€3,943 | -7.5% |
| Accrued charges and deferred income | 492/3 | - | €67 | +€67 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,398 | €3,499 | +€101 | +3.0% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €2,024 | €6,702 | +€4,678 | +231% |
| Operating profit (loss) | 9901 | -€1,500 | €3,075 | +€4,576 | |
| Financial charges | 65/66B | €493 | €580 | +€86 | +17.5% |
| Recurring financial charges | 65 | €493 | €580 | +€86 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,994 | €2,496 | +€4,489 | |
| Profit (loss) for the period | 9904 | -€1,994 | €2,496 | +€4,489 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,994 | €2,496 | +€4,489 |
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.