V.D.K.-TRADING: what changed
V.D.K.-TRADING
Largest movements
- Receivables within one year -€2,609
down €2,609 (-34.9%), from €7,477 to €4,868
of which Trade receivables: -€2,014
- Tangible fixed assets +€2,546
up €2,546, from €0 to €2,546
- Stocks and contracts -€2,232
down €2,232 (-100%), from €2,232 to €0
- Cash -€289
down €289 (-90.8%), from €319 to €29
mainly Trade debts (-€13,967) and Debts after one year (-€8,334)
- Deferred charges and accrued income +€154
up €154 (+16.2%), from €952 to €1,105
- Profit (loss) carried forward +€17,108
up €17,108 (+6.8%), from -€251,198 to -€234,091
- Trade debts -€13,967
down €13,967 (-58.4%), from €23,931 to €9,964
- Debts after one year -€8,334
down €8,334 (-5.8%), from €143,770 to €135,436
- Short-term financial debts +€2,950
up €2,950 (+4.0%), from €73,663 to €76,613
- Tax, wage and social debts -€144
down €144 (-45.1%), from €319 to €175
- Gross operating margin -€5,005
down €5,005 (-14.7%), from €34,096 to €29,092
- Other operating charges -€1,730
down €1,730 (-46.3%), from €3,732 to €2,002
- Financial charges +€607
up €607 (+6.9%), from €8,745 to €9,352
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,979 | €8,549 | -€2,430 | -22.1% |
| Fixed assets | 21/28 | €0 | €2,546 | +€2,546 | |
| Tangible fixed assets | 22/27 | €0 | €2,546 | +€2,546 | |
| Furniture and vehicles | 24 | €0 | €2,546 | +€2,546 | |
| Current assets | 29/58 | €10,979 | €6,003 | -€4,976 | -45.3% |
| Stocks and contracts in progress | 3 | €2,232 | €0 | -€2,232 | -100% |
| Stocks | 30/36 | €2,232 | €0 | -€2,232 | -100% |
| Amounts receivable within one year | 40/41 | €7,477 | €4,868 | -€2,609 | -34.9% |
| Trade receivables | 40 | €6,484 | €4,470 | -€2,014 | -31.1% |
| Other amounts receivable | 41 | €993 | €398 | -€595 | -59.9% |
| Cash at bank and in hand | 54/58 | €319 | €29 | -€289 | -90.8% |
| Deferred charges and accrued income | 490/1 | €952 | €1,105 | +€154 | +16.2% |
| Total equity and liabilities | 10/49 | €10,979 | €8,549 | -€2,430 | -22.1% |
| Equity | 10/15 | -€230,747 | -€213,639 | +€17,108 | +7.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€251,198 | -€234,091 | +€17,108 | +6.8% |
| Amounts payable | 17/49 | €241,726 | €222,189 | -€19,538 | -8.1% |
| Amounts payable after more than one year | 17 | €143,770 | €135,436 | -€8,334 | -5.8% |
| Financial debts | 170/4 | €143,770 | €135,436 | -€8,334 | -5.8% |
| Amounts payable within one year | 42/48 | €97,913 | €86,753 | -€11,161 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €73,663 | €76,613 | +€2,950 | +4.0% |
| Credit institutions | 430/8 | €73,663 | €76,613 | +€2,950 | +4.0% |
| Trade debts | 44 | €23,931 | €9,964 | -€13,967 | -58.4% |
| Suppliers | 440/4 | €23,931 | €9,964 | -€13,967 | -58.4% |
| Taxes, remuneration and social security | 45 | €319 | €175 | -€144 | -45.1% |
| Taxes | 450/3 | €319 | €175 | -€144 | -45.1% |
| Accrued charges and deferred income | 492/3 | €43 | €0 | -€43 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €283 | €454 | +€171 | +60.5% |
| Other operating charges | 640/8 | €3,732 | €2,002 | -€1,730 | -46.3% |
| Gross operating margin | 9900 | €34,096 | €29,092 | -€5,005 | -14.7% |
| Operating profit (loss) | 9901 | €30,082 | €26,635 | -€3,446 | -11.5% |
| Financial income | 75/76B | €49 | €0 | -€49 | -100% |
| Recurring financial income | 75 | €49 | €0 | -€49 | -100% |
| Financial charges | 65/66B | €8,745 | €9,352 | +€607 | +6.9% |
| Recurring financial charges | 65 | €8,745 | €9,352 | +€607 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €21,385 | €17,283 | -€4,102 | -19.2% |
| Income taxes | 67/77 | €166 | €175 | +€9 | +5.4% |
| Profit (loss) for the period | 9904 | €21,219 | €17,108 | -€4,111 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,219 | €17,108 | -€4,111 | -19.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.