VD TECHNIEK: 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 TECHNIEK
Largest movements
- Cash +€20,401
up €20,401 (+68.5%), from €29,766 to €50,166
mainly Net result for the year (+€32,047) and Depreciation (+€9,218)
- Tangible fixed assets +€10,616
up €10,616 (+40.6%), from €26,150 to €36,766
of which Furniture and vehicles: +€11,635
- Stocks and contracts +€2,500
new in 2025: €2,500
- Receivables within one year +€1,637
up €1,637 (+13.5%), from €12,145 to €13,782
of which Other amounts receivable: +€4,374
- Deferred charges and accrued income -€1,608
down €1,608 (-19.7%), from €8,145 to €6,537
- Reserves +€32,047
up €32,047 (+121.5%), from €26,384 to €58,431
- Tax, wage and social debts +€2,252
up €2,252 (+2639.6%), from €85 to €2,338
- Trade debts -€1,172
down €1,172 (-17.1%), from €6,842 to €5,670
- Gross operating margin +€53,883
up €53,883 (+1585.7%), from €3,398 to €57,281
- Taxes +€11,944
up €11,944 (+35910.3%), from €33 to €11,977
- Financial charges +€1,020
up €1,020 (+135.2%), from €755 to €1,775
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 | €76,205 | €109,752 | +€33,547 | +44.0% |
| Fixed assets | 21/28 | €26,150 | €36,766 | +€10,616 | +40.6% |
| Tangible fixed assets | 22/27 | €26,150 | €36,766 | +€10,616 | +40.6% |
| Land and buildings | 22 | €4,830 | €4,555 | -€275 | -5.7% |
| Plant, machinery and equipment | 23 | €2,314 | €1,571 | -€743 | -32.1% |
| Furniture and vehicles | 24 | €19,005 | €30,640 | +€11,635 | +61.2% |
| Current assets | 29/58 | €50,055 | €72,986 | +€22,930 | +45.8% |
| Stocks and contracts in progress | 3 | - | €2,500 | +€2,500 | |
| Stocks | 30/36 | - | €2,500 | +€2,500 | |
| Amounts receivable within one year | 40/41 | €12,145 | €13,782 | +€1,637 | +13.5% |
| Trade receivables | 40 | €9,479 | €6,742 | -€2,737 | -28.9% |
| Other amounts receivable | 41 | €2,666 | €7,040 | +€4,374 | +164.1% |
| Cash at bank and in hand | 54/58 | €29,766 | €50,166 | +€20,401 | +68.5% |
| Deferred charges and accrued income | 490/1 | €8,145 | €6,537 | -€1,608 | -19.7% |
| Total equity and liabilities | 10/49 | €76,205 | €109,752 | +€33,547 | +44.0% |
| Equity | 10/15 | €32,582 | €64,629 | +€32,047 | +98.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €26,384 | €58,431 | +€32,047 | +121.5% |
| Distributable reserves | 133 | €26,384 | €58,431 | +€32,047 | +121.5% |
| Amounts payable | 17/49 | €43,623 | €45,123 | +€1,500 | +3.4% |
| Amounts payable after more than one year | 17 | €22,120 | €22,120 | = | 0.0% |
| Financial debts | 170/4 | €22,120 | €22,120 | = | 0.0% |
| Amounts payable within one year | 42/48 | €21,474 | €22,989 | +€1,515 | +7.1% |
| Trade debts | 44 | €6,842 | €5,670 | -€1,172 | -17.1% |
| Suppliers | 440/4 | €6,842 | €5,670 | -€1,172 | -17.1% |
| Taxes, remuneration and social security | 45 | €85 | €2,338 | +€2,252 | +2639.6% |
| Taxes | 450/3 | €85 | €2,338 | +€2,252 | +2639.6% |
| Other amounts payable | 47/48 | €14,547 | €14,982 | +€435 | +3.0% |
| Accrued charges and deferred income | 492/3 | €29 | €14 | -€15 | -52.9% |
| Non-recurring operating income | 76A | €741 | €4,959 | +€4,218 | +569.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,192 | €9,218 | +€27 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,582 | €1,690 | +€108 | +6.8% |
| Other operating charges | 640/8 | €629 | €629 | -€0 | 0.0% |
| Gross operating margin | 9900 | €3,398 | €57,281 | +€53,883 | +1585.7% |
| Operating profit (loss) | 9901 | -€8,005 | €45,744 | +€53,748 | |
| Financial income | 75/76B | €48 | €56 | +€8 | +16.2% |
| Recurring financial income | 75 | €48 | €56 | +€8 | +16.2% |
| Financial charges | 65/66B | €755 | €1,775 | +€1,020 | +135.2% |
| Recurring financial charges | 65 | €755 | €1,775 | +€1,020 | +135.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,712 | €44,024 | +€52,736 | |
| Income taxes | 67/77 | €33 | €11,977 | +€11,944 | +35910.3% |
| Profit (loss) for the period | 9904 | -€8,745 | €32,047 | +€40,792 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,745 | €32,047 | +€40,792 |
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 11 October 2026 via checked.be.