VdV TRADING: 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 TRADING
Largest movements
- Cash +€2,996
up €2,996 (+16.5%), from €18,160 to €21,156
mainly Net result for the year (+€6,133) and Trade debts (+€1,786)
- Receivables within one year +€1,547
up €1,547 (+36.8%), from €4,202 to €5,749
of which Other amounts receivable: +€1,547
- Tangible fixed assets -€1,446
down €1,446 (-21.3%), from €6,791 to €5,345
of which Furniture and vehicles: -€1,219
- Deferred charges and accrued income -€958
down €958 (-23.2%), from €4,133 to €3,175
- Reserves +€6,133
up €6,133 (+27.9%), from €21,952 to €28,085
- Tax, wage and social debts -€5,073
down €5,073 (-71.8%), from €7,064 to €1,991
- Trade debts +€1,786
up €1,786 (+318%), from €562 to €2,348
- Other debts -€560
down €560 (-100%), from €560 to €0
- Gross operating margin -€15,992
down €15,992 (-53.1%), from €30,094 to €14,102
- Taxes -€4,833
down €4,833 (-70.8%), from €6,824 to €1,991
- Depreciation +€1,008
up €1,008 (+230%), from €438 to €1,446
- Other operating charges +€503
up €503 (+1,007%), from €50 to €553
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 | €33,286 | €35,425 | +€2,139 | +6.4% |
| Fixed assets | 21/28 | €6,791 | €5,345 | -€1,446 | -21.3% |
| Tangible fixed assets | 22/27 | €6,791 | €5,345 | -€1,446 | -21.3% |
| Plant, machinery and equipment | 23 | €1,106 | €879 | -€227 | -20.5% |
| Furniture and vehicles | 24 | €5,685 | €4,465 | -€1,219 | -21.4% |
| Current assets | 29/58 | €26,495 | €30,080 | +€3,585 | +13.5% |
| Amounts receivable within one year | 40/41 | €4,202 | €5,749 | +€1,547 | +36.8% |
| Trade receivables | 40 | €3,000 | €3,000 | = | 0.0% |
| Other amounts receivable | 41 | €1,202 | €2,749 | +€1,547 | +129% |
| Cash at bank and in hand | 54/58 | €18,160 | €21,156 | +€2,996 | +16.5% |
| Deferred charges and accrued income | 490/1 | €4,133 | €3,175 | -€958 | -23.2% |
| Total equity and liabilities | 10/49 | €33,286 | €35,425 | +€2,139 | +6.4% |
| Equity | 10/15 | €24,952 | €31,085 | +€6,133 | +24.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,952 | €28,085 | +€6,133 | +27.9% |
| Distributable reserves | 133 | €21,952 | €28,085 | +€6,133 | +27.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €8,334 | €4,340 | -€3,994 | -47.9% |
| Amounts payable within one year | 42/48 | €8,334 | €4,340 | -€3,994 | -47.9% |
| Financial debts | 43 | €148 | €0 | -€148 | -100% |
| Credit institutions | 430/8 | €148 | €0 | -€148 | -100% |
| Trade debts | 44 | €562 | €2,348 | +€1,786 | +318% |
| Suppliers | 440/4 | €562 | €2,348 | +€1,786 | +318% |
| Taxes, remuneration and social security | 45 | €7,064 | €1,991 | -€5,073 | -71.8% |
| Taxes | 450/3 | €7,064 | €1,991 | -€5,073 | -71.8% |
| Other amounts payable | 47/48 | €560 | €0 | -€560 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €438 | €1,446 | +€1,008 | +230% |
| Other operating charges | 640/8 | €50 | €553 | +€503 | +1,007% |
| Non-recurring operating charges | 66A | - | €3,916 | +€3,916 | |
| Gross operating margin | 9900 | €30,094 | €14,102 | -€15,992 | -53.1% |
| Operating profit (loss) | 9901 | €29,606 | €8,187 | -€21,419 | -72.3% |
| Financial income | 75/76B | €16 | €4 | -€12 | -74.3% |
| Recurring financial income | 75 | €16 | €4 | -€12 | -74.3% |
| Financial charges | 65/66B | €46 | €67 | +€21 | +46.1% |
| Recurring financial charges | 65 | €46 | €67 | +€21 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | €29,576 | €8,124 | -€21,451 | -72.5% |
| Income taxes | 67/77 | €6,824 | €1,991 | -€4,833 | -70.8% |
| Profit (loss) for the period | 9904 | €22,752 | €6,133 | -€16,619 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,752 | €6,133 | -€16,619 | -73.0% |
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 21 October 2026 via checked.be.