VakWerk: 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.
VakWerk
Largest movements
- Tangible fixed assets +€19,639
up €19,639 (+31.1%), from €63,241 to €82,880
of which Plant, machinery and equipment: +€26,293
- Receivables within one year +€11,527
up €11,527 (+51.9%), from €22,230 to €33,757
of which Trade receivables: +€10,100
- Cash +€9,904
up €9,904 (+19.0%), from €52,226 to €62,130
mainly Net result for the year (+€35,343) and Depreciation (+€31,363)
- Reserves +€29,343
up €29,343 (+28.0%), from €104,937 to €134,281
- Tax, wage and social debts +€16,258
up €16,258 (+224%), from €7,272 to €23,530
of which Remuneration and social security: +€15,202
- Short-term financial debts -€4,814
no longer reported in 2025 (was €4,814)
- Accrued charges and deferred income -€3,000
no longer reported in 2025 (was €3,000)
- Trade debts +€2,632
up €2,632 (+168%), from €1,567 to €4,199
- Gross operating margin +€28,203
up €28,203 (+60.5%), from €46,623 to €74,826
- Depreciation +€5,792
up €5,792 (+22.7%), from €25,571 to €31,363
- Taxes +€3,543
up €3,543 (+87.9%), from €4,030 to €7,573
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 | €140,655 | €182,100 | +€41,445 | +29.5% |
| Fixed assets | 21/28 | €65,694 | €84,014 | +€18,320 | +27.9% |
| Intangible fixed assets | 21 | €2,367 | €908 | -€1,459 | -61.6% |
| Tangible fixed assets | 22/27 | €63,241 | €82,880 | +€19,639 | +31.1% |
| Plant, machinery and equipment | 23 | €43,014 | €69,308 | +€26,293 | +61.1% |
| Furniture and vehicles | 24 | €20,227 | €13,573 | -€6,654 | -32.9% |
| Financial fixed assets | 28 | €85 | €225 | +€140 | +165% |
| Current assets | 29/58 | €74,961 | €98,086 | +€23,125 | +30.8% |
| Amounts receivable within one year | 40/41 | €22,230 | €33,757 | +€11,527 | +51.9% |
| Trade receivables | 40 | €11,261 | €21,361 | +€10,100 | +89.7% |
| Other amounts receivable | 41 | €10,970 | €12,396 | +€1,427 | +13.0% |
| Cash at bank and in hand | 54/58 | €52,226 | €62,130 | +€9,904 | +19.0% |
| Deferred charges and accrued income | 490/1 | €504 | €2,199 | +€1,694 | +336% |
| Total equity and liabilities | 10/49 | €140,655 | €182,100 | +€41,445 | +29.5% |
| Equity | 10/15 | €123,537 | €152,881 | +€29,343 | +23.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €104,937 | €134,281 | +€29,343 | +28.0% |
| Distributable reserves | 133 | €104,937 | €134,281 | +€29,343 | +28.0% |
| Amounts payable | 17/49 | €17,117 | €29,220 | +€12,102 | +70.7% |
| Amounts payable within one year | 42/48 | €14,117 | €29,220 | +€15,102 | +107% |
| Financial debts | 43 | €4,814 | - | -€4,814 | |
| Credit institutions | 430/8 | €4,814 | - | -€4,814 | |
| Trade debts | 44 | €1,567 | €4,199 | +€2,632 | +168% |
| Suppliers | 440/4 | €1,567 | €4,199 | +€2,632 | +168% |
| Taxes, remuneration and social security | 45 | €7,272 | €23,530 | +€16,258 | +224% |
| Taxes | 450/3 | €507 | €1,563 | +€1,056 | +208% |
| Remuneration and social security | 454/9 | €6,765 | €21,968 | +€15,202 | +225% |
| Other amounts payable | 47/48 | €464 | €1,491 | +€1,026 | +221% |
| Accrued charges and deferred income | 492/3 | €3,000 | - | -€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,571 | €31,363 | +€5,792 | +22.7% |
| Other operating charges | 640/8 | €764 | €518 | -€246 | -32.2% |
| Non-recurring operating charges | 66A | €126 | - | -€126 | |
| Gross operating margin | 9900 | €46,623 | €74,826 | +€28,203 | +60.5% |
| Operating profit (loss) | 9901 | €20,161 | €42,945 | +€22,784 | +113% |
| Financial income | 75/76B | €283 | €123 | -€160 | -56.5% |
| Recurring financial income | 75 | €283 | €123 | -€160 | -56.5% |
| Financial charges | 65/66B | €14 | €152 | +€138 | +971% |
| Recurring financial charges | 65 | €14 | €152 | +€138 | +971% |
| Profit (loss) for the period before taxes | 9903 | €20,430 | €42,917 | +€22,486 | +110% |
| Income taxes | 67/77 | €4,030 | €7,573 | +€3,543 | +87.9% |
| Profit (loss) for the period | 9904 | €16,400 | €35,343 | +€18,943 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €16,400 | €35,343 | +€18,943 | +116% |
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 25 October 2026 via checked.be.