VD CHAUFFAGE: 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.
VD CHAUFFAGE
Largest movements
- Receivables within one year -€15,569
down €15,569 (-10.4%), from €150,238 to €134,669
of which Other amounts receivable: -€21,198
- Tangible fixed assets -€15,528
down €15,528 (-4.6%), from €337,349 to €321,821
of which Furniture and vehicles: -€22,776
- Stocks and contracts -€9,144
down €9,144 (-13.6%), from €67,119 to €57,975
- Debts after one year -€64,362
down €64,362 (-26.3%), from €244,998 to €180,636
of which Financial debts: -€64,362
- Accrued charges and deferred income +€34,000
up €34,000, from €0 to €34,000
- Trade debts -€21,326
down €21,326 (-39.5%), from €54,016 to €32,689
- Reserves +€15,138
up €15,138 (+11.6%), from €130,782 to €145,920
- Other debts -€11,900
down €11,900 (-100%), from €11,900 to €0
- Turnover -€327,493
down €327,493 (-29.4%), from €1.1m to €785,022
- Purchases and services -€171,468
down €171,468 (-21.7%), from €788,774 to €617,307
- Gross operating margin -€136,295
down €136,295 (-36.0%), from €378,975 to €242,680
- Staff costs -€103,346
down €103,346 (-51.2%), from €201,664 to €98,318
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 | €564,793 | €524,521 | -€40,273 | -7.1% |
| Fixed assets | 21/28 | €337,349 | €321,821 | -€15,528 | -4.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €337,349 | €321,821 | -€15,528 | -4.6% |
| Land and buildings | 22 | €48,130 | €73,462 | +€25,332 | +52.6% |
| Plant, machinery and equipment | 23 | €215,389 | €197,305 | -€18,084 | -8.4% |
| Furniture and vehicles | 24 | €73,831 | €51,055 | -€22,776 | -30.8% |
| Current assets | 29/58 | €227,444 | €202,699 | -€24,745 | -10.9% |
| Stocks and contracts in progress | 3 | €67,119 | €57,975 | -€9,144 | -13.6% |
| Stocks | 30/36 | €67,119 | €57,975 | -€9,144 | -13.6% |
| Amounts receivable within one year | 40/41 | €150,238 | €134,669 | -€15,569 | -10.4% |
| Trade receivables | 40 | €104,318 | €109,948 | +€5,630 | +5.4% |
| Other amounts receivable | 41 | €45,920 | €24,721 | -€21,198 | -46.2% |
| Cash at bank and in hand | 54/58 | €68 | €51 | -€17 | -25.5% |
| Deferred charges and accrued income | 490/1 | €10,019 | €10,004 | -€15 | -0.2% |
| Total equity and liabilities | 10/49 | €564,793 | €524,521 | -€40,273 | -7.1% |
| Equity | 10/15 | €149,382 | €164,520 | +€15,138 | +10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €130,782 | €145,920 | +€15,138 | +11.6% |
| Distributable reserves | 133 | €130,782 | €145,920 | +€15,138 | +11.6% |
| Amounts payable | 17/49 | €415,411 | €360,001 | -€55,411 | -13.3% |
| Amounts payable after more than one year | 17 | €244,998 | €180,636 | -€64,362 | -26.3% |
| Financial debts | 170/4 | €244,998 | €180,636 | -€64,362 | -26.3% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €170,413 | €145,365 | -€25,048 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €77,576 | €82,352 | +€4,777 | +6.2% |
| Financial debts | 43 | €13,354 | €12,537 | -€817 | -6.1% |
| Credit institutions | 430/8 | €13,354 | €12,537 | -€817 | -6.1% |
| Trade debts | 44 | €54,016 | €32,689 | -€21,326 | -39.5% |
| Suppliers | 440/4 | €54,016 | €32,689 | -€21,326 | -39.5% |
| Taxes, remuneration and social security | 45 | €13,568 | €17,786 | +€4,218 | +31.1% |
| Taxes | 450/3 | €8,483 | €11,506 | +€3,023 | +35.6% |
| Remuneration and social security | 454/9 | €5,085 | €6,280 | +€1,195 | +23.5% |
| Other amounts payable | 47/48 | €11,900 | €0 | -€11,900 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | €34,000 | +€34,000 | |
| Turnover | 70 | €1,112,515 | €785,022 | -€327,493 | -29.4% |
| Non-recurring operating income | 76A | €5,785 | €15,000 | +€9,215 | +159% |
| Goods, raw materials, services and sundry goods | 60/61 | €788,774 | €617,307 | -€171,468 | -21.7% |
| Remuneration, social security and pensions | 62 | €201,664 | €98,318 | -€103,346 | -51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,333 | €91,443 | +€4,109 | +4.7% |
| Other operating charges | 640/8 | €6,813 | €8,735 | +€1,922 | +28.2% |
| Non-recurring operating charges | 66A | €137 | €1,261 | +€1,124 | +821% |
| Gross operating margin | 9900 | €378,975 | €242,680 | -€136,295 | -36.0% |
| Operating profit (loss) | 9901 | €83,028 | €42,923 | -€40,105 | -48.3% |
| Financial income | 75/76B | €129 | €123 | -€6 | -4.6% |
| Recurring financial income | 75 | €129 | €123 | -€6 | -4.6% |
| Financial charges | 65/66B | €15,872 | €14,543 | -€1,329 | -8.4% |
| Recurring financial charges | 65 | €15,872 | €14,543 | -€1,329 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €67,285 | €28,503 | -€38,782 | -57.6% |
| Income taxes | 67/77 | €17,564 | €13,365 | -€4,199 | -23.9% |
| Profit (loss) for the period | 9904 | €49,721 | €15,138 | -€34,583 | -69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,721 | €15,138 | -€34,583 | -69.6% |
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 19 October 2026 via checked.be.