VdW Tech 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 Tech Solutions
Largest movements
- Cash +€50,052
up €50,052 (+159%), from €31,470 to €81,522
mainly Net result for the year (+€66,234) and Tax, wage and social debts (+€12,645)
- Deferred charges and accrued income +€20,450
new in 2025: €20,450
- Receivables within one year +€8,029
up €8,029 (+53.7%), from €14,944 to €22,972
of which Other amounts receivable: +€7,537
- Reserves +€66,234
up €66,234 (+250%), from €26,478 to €92,712
- Tax, wage and social debts +€12,645
up €12,645 (+90.6%), from €13,958 to €26,603
- Other debts -€2,088
down €2,088 (-100%), from €2,088 to €0
- Trade debts +€1,739
up €1,739 (+125%), from €1,390 to €3,128
- Gross operating margin +€52,536
up €52,536 (+157%), from €33,558 to €86,094
- Taxes +€10,813
up €10,813 (+163%), from €6,643 to €17,455
- Financial charges +€2,228
up €2,228 (+22,279%), from €10 to €2,238
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 | €46,414 | €124,944 | +€78,531 | +169% |
| Current assets | 29/58 | €46,414 | €124,944 | +€78,531 | +169% |
| Amounts receivable within one year | 40/41 | €14,944 | €22,972 | +€8,029 | +53.7% |
| Trade receivables | 40 | €14,944 | €15,435 | +€492 | +3.3% |
| Other amounts receivable | 41 | - | €7,537 | +€7,537 | |
| Cash at bank and in hand | 54/58 | €31,470 | €81,522 | +€50,052 | +159% |
| Deferred charges and accrued income | 490/1 | - | €20,450 | +€20,450 | |
| Total equity and liabilities | 10/49 | €46,414 | €124,944 | +€78,531 | +169% |
| Equity | 10/15 | €28,978 | €95,212 | +€66,234 | +229% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €26,478 | €92,712 | +€66,234 | +250% |
| Distributable reserves | 133 | €26,478 | €92,712 | +€66,234 | +250% |
| Amounts payable | 17/49 | €17,435 | €29,732 | +€12,296 | +70.5% |
| Amounts payable within one year | 42/48 | €17,435 | €29,732 | +€12,296 | +70.5% |
| Trade debts | 44 | €1,390 | €3,128 | +€1,739 | +125% |
| Suppliers | 440/4 | €1,390 | €3,128 | +€1,739 | +125% |
| Taxes, remuneration and social security | 45 | €13,958 | €26,603 | +€12,645 | +90.6% |
| Taxes | 450/3 | €13,958 | €26,603 | +€12,645 | +90.6% |
| Other amounts payable | 47/48 | €2,088 | €0 | -€2,088 | -100% |
| Other operating charges | 640/8 | €427 | €233 | -€194 | -45.4% |
| Gross operating margin | 9900 | €33,558 | €86,094 | +€52,536 | +157% |
| Operating profit (loss) | 9901 | €33,131 | €85,861 | +€52,730 | +159% |
| Financial income | 75/76B | - | €67 | +€67 | |
| Recurring financial income | 75 | - | €67 | +€67 | |
| Financial charges | 65/66B | €10 | €2,238 | +€2,228 | +22,279% |
| Recurring financial charges | 65 | €10 | €2,238 | +€2,228 | +22,279% |
| Profit (loss) for the period before taxes | 9903 | €33,121 | €83,690 | +€50,569 | +153% |
| Income taxes | 67/77 | €6,643 | €17,455 | +€10,813 | +163% |
| Profit (loss) for the period | 9904 | €26,478 | €66,234 | +€39,756 | +150% |
| Profit (loss) for the period to be appropriated | 9905 | €26,478 | €66,234 | +€39,756 | +150% |
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 17 October 2026 via checked.be.