VCS FORKLIFTS: 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.
VCS FORKLIFTS
Largest movements
- Cash +€359,519
up €359,519 (+263%), from €136,876 to €496,395
mainly Net result for the year (+€400,923) and Accrued charges and deferred income (+€89,456)
- Stocks and contracts -€48,127
down €48,127 (-3.7%), from €1.3m to €1.2m
- Profit (loss) carried forward +€400,923
up €400,923 (+45.3%), from €884,797 to €1.3m
- Accrued charges and deferred income +€89,456
new in 2025: €89,456
- Debts after one year -€64,949
down €64,949 (-12.5%), from €521,651 to €456,702
- Tax, wage and social debts -€36,069
down €36,069 (-30.4%), from €118,485 to €82,416
of which Taxes: -€66,362
- Trade debts -€30,576
down €30,576 (-34.4%), from €88,993 to €58,417
- Gross operating margin +€270,609
up €270,609 (+24.7%), from €1.1m to €1.4m
- Taxes +€63,270
up €63,270 (+153%), from €41,249 to €104,519
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 | €2,033,391 | €2,368,757 | +€335,367 | +16.5% |
| Fixed assets | 21/28 | €106,298 | €144,527 | +€38,229 | +36.0% |
| Intangible fixed assets | 21 | - | €15,616 | +€15,616 | |
| Tangible fixed assets | 22/27 | €83,798 | €106,411 | +€22,612 | +27.0% |
| Plant, machinery and equipment | 23 | €15,755 | €15,695 | -€60 | -0.4% |
| Furniture and vehicles | 24 | €68,043 | €90,716 | +€22,672 | +33.3% |
| Financial fixed assets | 28 | €22,500 | €22,500 | = | 0.0% |
| Current assets | 29/58 | €1,927,092 | €2,224,230 | +€297,138 | +15.4% |
| Stocks and contracts in progress | 3 | €1,290,379 | €1,242,252 | -€48,127 | -3.7% |
| Stocks | 30/36 | €1,290,379 | €1,242,252 | -€48,127 | -3.7% |
| Amounts receivable within one year | 40/41 | €499,838 | €485,583 | -€14,254 | -2.9% |
| Trade receivables | 40 | €434,838 | €485,583 | +€50,746 | +11.7% |
| Other amounts receivable | 41 | €65,000 | - | -€65,000 | |
| Cash at bank and in hand | 54/58 | €136,876 | €496,395 | +€359,519 | +263% |
| Total equity and liabilities | 10/49 | €2,033,391 | €2,368,757 | +€335,367 | +16.5% |
| Equity | 10/15 | €1,117,156 | €1,518,079 | +€400,923 | +35.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €182,359 | €182,359 | = | 0.0% |
| Distributable reserves | 133 | €182,359 | €182,359 | = | 0.0% |
| Profit (loss) carried forward | 14 | €884,797 | €1,285,720 | +€400,923 | +45.3% |
| Amounts payable | 17/49 | €916,235 | €850,679 | -€65,556 | -7.2% |
| Amounts payable after more than one year | 17 | €521,651 | €456,702 | -€64,949 | -12.5% |
| Financial debts | 170/4 | €521,651 | €456,702 | -€64,949 | -12.5% |
| Amounts payable within one year | 42/48 | €394,584 | €304,520 | -€90,063 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €93,850 | €77,432 | -€16,418 | -17.5% |
| Trade debts | 44 | €88,993 | €58,417 | -€30,576 | -34.4% |
| Suppliers | 440/4 | €88,993 | €58,417 | -€30,576 | -34.4% |
| Taxes, remuneration and social security | 45 | €118,485 | €82,416 | -€36,069 | -30.4% |
| Taxes | 450/3 | €73,176 | €6,815 | -€66,362 | -90.7% |
| Remuneration and social security | 454/9 | €45,309 | €75,601 | +€30,292 | +66.9% |
| Other amounts payable | 47/48 | €93,256 | €86,256 | -€7,000 | -7.5% |
| Accrued charges and deferred income | 492/3 | - | €89,456 | +€89,456 | |
| Non-recurring operating income | 76A | €293 | - | -€293 | |
| Remuneration, social security and pensions | 62 | €778,039 | €770,933 | -€7,106 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,692 | €42,043 | +€10,350 | +32.7% |
| Other operating charges | 640/8 | €12,877 | €13,274 | +€397 | +3.1% |
| Non-recurring operating charges | 66A | - | €1,510 | +€1,510 | |
| Gross operating margin | 9900 | €1,096,982 | €1,367,590 | +€270,609 | +24.7% |
| Operating profit (loss) | 9901 | €274,374 | €539,831 | +€265,457 | +96.8% |
| Financial charges | 65/66B | €40,936 | €34,389 | -€6,547 | -16.0% |
| Recurring financial charges | 65 | €40,936 | €34,389 | -€6,547 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €233,438 | €505,442 | +€272,004 | +117% |
| Income taxes | 67/77 | €41,249 | €104,519 | +€63,270 | +153% |
| Profit (loss) for the period | 9904 | €192,189 | €400,923 | +€208,734 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €192,189 | €400,923 | +€208,734 | +109% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.