VDX ENGINEERING: 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.
VDX ENGINEERING
Largest movements
- Cash -€11,559
down €11,559 (-8.3%), from €138,831 to €127,272
mainly Net result for the year (-€40,964) and Contributions, distributions and other (-€11,500)
- Receivables within one year +€6,596
up €6,596 (+50.6%), from €13,031 to €19,627
of which Other amounts receivable: +€4,766
- Tangible fixed assets -€1,741
down €1,741 (-52.4%), from €3,323 to €1,582
of which Furniture and vehicles: -€1,561
- Provisions +€45,778
new in 2025: €45,778
- Profit (loss) carried forward -€40,964
down €40,964 (-56.9%), from €72,013 to €31,049
- Reserves -€11,500
down €11,500 (-20.6%), from €55,860 to €44,360
- Provisions +€45,778
new in 2025: €45,778
- Gross operating margin -€9,780
down €9,780 (-65.6%), from €14,900 to €5,121
- Taxes -€2,547
down €2,547 (-61.9%), from €4,116 to €1,569
- Financial income +€2,060
up €2,060 (+146.3%), from €1,408 to €3,468
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.
Cash bridge derived
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 | €155,242 | €148,543 | -€6,699 | -4.3% |
| Fixed assets | 21/28 | €3,323 | €1,582 | -€1,741 | -52.4% |
| Tangible fixed assets | 22/27 | €3,323 | €1,582 | -€1,741 | -52.4% |
| Plant, machinery and equipment | 23 | €656 | €476 | -€180 | -27.4% |
| Furniture and vehicles | 24 | €2,667 | €1,106 | -€1,561 | -58.5% |
| Current assets | 29/58 | €151,919 | €146,961 | -€4,958 | -3.3% |
| Amounts receivable within one year | 40/41 | €13,031 | €19,627 | +€6,596 | +50.6% |
| Trade receivables | 40 | €6,888 | €8,718 | +€1,830 | +26.6% |
| Other amounts receivable | 41 | €6,143 | €10,909 | +€4,766 | +77.6% |
| Cash at bank and in hand | 54/58 | €138,831 | €127,272 | -€11,559 | -8.3% |
| Deferred charges and accrued income | 490/1 | €57 | €61 | +€4 | +7.4% |
| Total equity and liabilities | 10/49 | €155,242 | €148,543 | -€6,699 | -4.3% |
| Equity | 10/15 | €140,273 | €87,809 | -€52,464 | -37.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €55,860 | €44,360 | -€11,500 | -20.6% |
| Distributable reserves | 133 | €55,860 | €44,360 | -€11,500 | -20.6% |
| Profit (loss) carried forward | 14 | €72,013 | €31,049 | -€40,964 | -56.9% |
| Provisions and deferred taxes | 16 | - | €45,778 | +€45,778 | |
| Provisions for liabilities and charges | 160/5 | - | €45,778 | +€45,778 | |
| Other liabilities and charges | 164/5 | - | €45,778 | +€45,778 | |
| Amounts payable | 17/49 | €14,969 | €14,956 | -€13 | -0.1% |
| Amounts payable within one year | 42/48 | €14,969 | €14,956 | -€13 | -0.1% |
| Trade debts | 44 | €48 | €327 | +€279 | +580.2% |
| Suppliers | 440/4 | €48 | €327 | +€279 | +580.2% |
| Taxes, remuneration and social security | 45 | €3,887 | €3,085 | -€802 | -20.6% |
| Taxes | 450/3 | €3,887 | €3,085 | -€802 | -20.6% |
| Other amounts payable | 47/48 | €11,034 | €11,544 | +€510 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,642 | €1,741 | +€99 | +6.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €45,778 | +€45,778 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €14,900 | €5,121 | -€9,780 | -65.6% |
| Operating profit (loss) | 9901 | €12,871 | -€42,797 | -€55,668 | |
| Financial income | 75/76B | €1,408 | €3,468 | +€2,060 | +146.3% |
| Recurring financial income | 75 | €1,408 | €3,468 | +€2,060 | +146.3% |
| Financial charges | 65/66B | €51 | €66 | +€15 | +29.4% |
| Recurring financial charges | 65 | €51 | €66 | +€15 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €14,228 | -€39,395 | -€53,623 | |
| Income taxes | 67/77 | €4,116 | €1,569 | -€2,547 | -61.9% |
| Profit (loss) for the period | 9904 | €10,112 | -€40,964 | -€51,076 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,112 | -€40,964 | -€51,076 |
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 9 October 2026 via checked.be.