VDW Car Solutions: 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.
VDW Car Solutions
Largest movements
- Receivables after one year +€50,000
new in 2025: €50,000
- Receivables within one year +€10,085
up €10,085 (+103%), from €9,748 to €19,833
of which Trade receivables: +€8,648
- Cash +€6,398
up €6,398 (+7.1%), from €90,309 to €96,708
mainly Net result for the year (+€74,821) and Other debts (+€40,769)
- Other debts +€40,769
up €40,769 (+1,087%), from €3,752 to €44,521
- Reserves +€22,836
up €22,836 (+19.8%), from €115,162 to €137,998
- Tax, wage and social debts +€2,622
up €2,622 (+46.4%), from €5,656 to €8,278
- Gross operating margin +€37,216
up €37,216 (+51.2%), from €72,716 to €109,933
- Taxes +€8,019
up €8,019 (+59.4%), from €13,500 to €21,519
- Financial charges +€1,724
up €1,724 (+2,345%), from €74 to €1,797
- Financial income +€1,451
up €1,451 (+806,250%), from €0 to €1,451
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 | €127,570 | €194,817 | +€67,247 | +52.7% |
| Fixed assets | 21/28 | €27,290 | €27,404 | +€114 | +0.4% |
| Tangible fixed assets | 22/27 | €27,290 | €27,404 | +€114 | +0.4% |
| Furniture and vehicles | 24 | €7,195 | €1,358 | -€5,837 | -81.1% |
| Other tangible fixed assets | 26 | €20,094 | €26,046 | +€5,951 | +29.6% |
| Current assets | 29/58 | €100,280 | €167,413 | +€67,132 | +66.9% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €9,748 | €19,833 | +€10,085 | +103% |
| Trade receivables | 40 | €9,748 | €18,396 | +€8,648 | +88.7% |
| Other amounts receivable | 41 | - | €1,438 | +€1,438 | |
| Cash at bank and in hand | 54/58 | €90,309 | €96,708 | +€6,398 | +7.1% |
| Deferred charges and accrued income | 490/1 | €223 | €872 | +€649 | +291% |
| Total equity and liabilities | 10/49 | €127,570 | €194,817 | +€67,247 | +52.7% |
| Equity | 10/15 | €118,162 | €140,998 | +€22,836 | +19.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €115,162 | €137,998 | +€22,836 | +19.8% |
| Distributable reserves | 133 | €115,162 | €137,998 | +€22,836 | +19.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,408 | €53,819 | +€44,411 | +472% |
| Amounts payable within one year | 42/48 | €9,408 | €53,819 | +€44,411 | +472% |
| Trade debts | 44 | - | €1,020 | +€1,020 | |
| Suppliers | 440/4 | - | €1,020 | +€1,020 | |
| Taxes, remuneration and social security | 45 | €5,656 | €8,278 | +€2,622 | +46.4% |
| Taxes | 450/3 | €5,656 | €8,278 | +€2,622 | +46.4% |
| Other amounts payable | 47/48 | €3,752 | €44,521 | +€40,769 | +1,087% |
| Non-recurring operating income | 76A | €987 | €0 | -€987 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,591 | €7,102 | +€511 | +7.8% |
| Other operating charges | 640/8 | €567 | €1,205 | +€638 | +113% |
| Non-recurring operating charges | 66A | - | €4,939 | +€4,939 | |
| Gross operating margin | 9900 | €72,716 | €109,933 | +€37,216 | +51.2% |
| Operating profit (loss) | 9901 | €65,559 | €96,686 | +€31,128 | +47.5% |
| Financial income | 75/76B | €0 | €1,451 | +€1,451 | +806,250% |
| Recurring financial income | 75 | €0 | €1,451 | +€1,451 | +806,250% |
| Financial charges | 65/66B | €74 | €1,797 | +€1,724 | +2,345% |
| Recurring financial charges | 65 | €74 | €1,797 | +€1,724 | +2,345% |
| Profit (loss) for the period before taxes | 9903 | €65,485 | €96,340 | +€30,855 | +47.1% |
| Income taxes | 67/77 | €13,500 | €21,519 | +€8,019 | +59.4% |
| Profit (loss) for the period | 9904 | €51,986 | €74,821 | +€22,836 | +43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,986 | €74,821 | +€22,836 | +43.9% |
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 31 October 2026 via checked.be.