VDV-TECHNICS: 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-TECHNICS
Largest movements
- Receivables within one year -€64,403
down €64,403 (-26.6%), from €242,310 to €177,907
of which Trade receivables: -€62,002
- Cash +€42,149
up €42,149 (+69.4%), from €60,724 to €102,873
mainly Receivables within one year (+€64,403) and Net result for the year (+€42,608)
- Tangible fixed assets +€9,416
up €9,416 (+372%), from €2,531 to €11,947
of which Furniture and vehicles: +€10,475
- Reserves +€42,608
up €42,608 (+34.5%), from €123,462 to €166,070
- Other debts -€30,078
down €30,078 (-96.2%), from €31,264 to €1,186
- Trade debts -€18,610
down €18,610 (-14.0%), from €133,144 to €114,534
- Tax, wage and social debts -€6,758
down €6,758 (-87.8%), from €7,695 to €937
of which Taxes: -€7,153
- Gross operating margin +€9,283
up €9,283 (+16.5%), from €56,203 to €65,486
- Taxes +€2,677
up €2,677 (+15.6%), from €17,153 to €19,830
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 | €305,565 | €292,727 | -€12,838 | -4.2% |
| Fixed assets | 21/28 | €2,531 | €11,947 | +€9,416 | +372% |
| Tangible fixed assets | 22/27 | €2,531 | €11,947 | +€9,416 | +372% |
| Plant, machinery and equipment | 23 | €2,237 | €1,178 | -€1,059 | -47.3% |
| Furniture and vehicles | 24 | €294 | €10,769 | +€10,475 | +3,563% |
| Current assets | 29/58 | €303,034 | €280,780 | -€22,254 | -7.3% |
| Amounts receivable within one year | 40/41 | €242,310 | €177,907 | -€64,403 | -26.6% |
| Trade receivables | 40 | €238,343 | €176,341 | -€62,002 | -26.0% |
| Other amounts receivable | 41 | €3,967 | €1,566 | -€2,401 | -60.5% |
| Cash at bank and in hand | 54/58 | €60,724 | €102,873 | +€42,149 | +69.4% |
| Total equity and liabilities | 10/49 | €305,565 | €292,727 | -€12,838 | -4.2% |
| Equity | 10/15 | €133,462 | €176,070 | +€42,608 | +31.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €123,462 | €166,070 | +€42,608 | +34.5% |
| Distributable reserves | 133 | €123,462 | €166,070 | +€42,608 | +34.5% |
| Amounts payable | 17/49 | €172,103 | €116,657 | -€55,446 | -32.2% |
| Amounts payable within one year | 42/48 | €172,103 | €116,657 | -€55,446 | -32.2% |
| Trade debts | 44 | €133,144 | €114,534 | -€18,610 | -14.0% |
| Suppliers | 440/4 | €133,144 | €114,534 | -€18,610 | -14.0% |
| Taxes, remuneration and social security | 45 | €7,695 | €937 | -€6,758 | -87.8% |
| Taxes | 450/3 | €7,153 | - | -€7,153 | |
| Remuneration and social security | 454/9 | €542 | €937 | +€395 | +72.9% |
| Other amounts payable | 47/48 | €31,264 | €1,186 | -€30,078 | -96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,286 | €1,447 | +€161 | +12.5% |
| Other operating charges | 640/8 | €410 | €224 | -€186 | -45.4% |
| Gross operating margin | 9900 | €56,203 | €65,486 | +€9,283 | +16.5% |
| Operating profit (loss) | 9901 | €54,507 | €63,815 | +€9,308 | +17.1% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €1,870 | €1,387 | -€483 | -25.8% |
| Recurring financial charges | 65 | €1,870 | €1,387 | -€483 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €52,637 | €62,438 | +€9,801 | +18.6% |
| Income taxes | 67/77 | €17,153 | €19,830 | +€2,677 | +15.6% |
| Profit (loss) for the period | 9904 | €35,484 | €42,608 | +€7,124 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,484 | €42,608 | +€7,124 | +20.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.