VDW Handling: 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 Handling
Largest movements
- Tangible fixed assets -€6,000
down €6,000 (-43.0%), from €13,956 to €7,956
- Receivables within one year +€1,429
up €1,429 (+25.8%), from €5,537 to €6,966
- Deferred charges and accrued income -€372
no longer reported in 2025 (was €372)
- Other debts -€4,054
down €4,054 (-35.4%), from €11,445 to €7,392
- Tax, wage and social debts -€1,156
down €1,156 (-20.1%), from €5,757 to €4,601
- Other operating charges +€300
up €300 (+54.0%), from €555 to €855
- Taxes -€164
down €164 (-11.6%), from €1,410 to €1,246
- Gross operating margin +€114
up €114 (+1.0%), from €10,932 to €11,046
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 | €29,842 | €24,779 | -€5,062 | -17.0% |
| Fixed assets | 21/28 | €14,421 | €8,221 | -€6,200 | -43.0% |
| Intangible fixed assets | 21 | €465 | €265 | -€200 | -43.0% |
| Tangible fixed assets | 22/27 | €13,956 | €7,956 | -€6,000 | -43.0% |
| Furniture and vehicles | 24 | €13,956 | €7,956 | -€6,000 | -43.0% |
| Current assets | 29/58 | €15,420 | €16,558 | +€1,138 | +7.4% |
| Amounts receivable within one year | 40/41 | €5,537 | €6,966 | +€1,429 | +25.8% |
| Trade receivables | 40 | €5,537 | €6,966 | +€1,429 | +25.8% |
| Cash at bank and in hand | 54/58 | €9,511 | €9,592 | +€81 | +0.8% |
| Deferred charges and accrued income | 490/1 | €372 | - | -€372 | |
| Total equity and liabilities | 10/49 | €29,842 | €24,779 | -€5,062 | -17.0% |
| Equity | 10/15 | €12,639 | €12,786 | +€147 | +1.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €10,639 | €10,786 | +€147 | +1.4% |
| Distributable reserves | 133 | €10,639 | €10,786 | +€147 | +1.4% |
| Amounts payable | 17/49 | €17,203 | €11,993 | -€5,210 | -30.3% |
| Amounts payable within one year | 42/48 | €17,203 | €11,993 | -€5,210 | -30.3% |
| Taxes, remuneration and social security | 45 | €5,757 | €4,601 | -€1,156 | -20.1% |
| Taxes | 450/3 | €5,757 | €4,601 | -€1,156 | -20.1% |
| Other amounts payable | 47/48 | €11,445 | €7,392 | -€4,054 | -35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,200 | €6,200 | = | 0.0% |
| Other operating charges | 640/8 | €555 | €855 | +€300 | +54.0% |
| Gross operating margin | 9900 | €10,932 | €11,046 | +€114 | +1.0% |
| Operating profit (loss) | 9901 | €4,177 | €3,991 | -€186 | -4.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +150% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +150% |
| Financial charges | 65/66B | €67 | €98 | +€31 | +46.3% |
| Recurring financial charges | 65 | €67 | €98 | +€31 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €4,110 | €3,894 | -€217 | -5.3% |
| Income taxes | 67/77 | €1,410 | €1,246 | -€164 | -11.6% |
| Profit (loss) for the period | 9904 | €2,700 | €2,647 | -€53 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,700 | €2,647 | -€53 | -2.0% |
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 18 October 2026 via checked.be.