VDA Hout: 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.
VDA Hout
Largest movements
- Cash -€12,164
no longer reported in 2025 (was €12,164)
mainly Trade debts (-€25,024) and Net result for the year (-€11,291)
- Tangible fixed assets -€7,619
down €7,619 (-23.2%), from €32,839 to €25,220
of which Plant, machinery and equipment: -€7,400
- Receivables within one year -€7,228
down €7,228 (-27.5%), from €26,237 to €19,009
of which Other amounts receivable: -€4,102
- Stocks and contracts +€1,558
up €1,558 (+6.8%), from €23,047 to €24,605
- Trade debts -€25,024
down €25,024 (-88.9%), from €28,137 to €3,113
- Reserves -€10,629
down €10,629 (-44.3%), from €24,000 to €13,371
- Short-term financial debts +€6,183
new in 2025: €6,183
- Other debts -€5,626
down €5,626 (-23.3%), from €24,126 to €18,500
- Accrued charges and deferred income +€3,900
new in 2025: €3,900
- Gross operating margin -€36,204
down €36,204, from €35,454 to -€750
- Financial income +€5,306
up €5,306 (+8039.4%), from €66 to €5,372
of which Non-recurring financial income: +€5,372
- Financial charges +€2,281
up €2,281 (+130.8%), from €1,744 to €4,025
- Other operating charges +€2,268
up €2,268 (+118.1%), from €1,920 to €4,188
- Depreciation +€1,486
up €1,486 (+24.2%), from €6,133 to €7,619
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 | €94,287 | €69,084 | -€25,203 | -26.7% |
| Fixed assets | 21/28 | €32,839 | €25,470 | -€7,369 | -22.4% |
| Tangible fixed assets | 22/27 | €32,839 | €25,220 | -€7,619 | -23.2% |
| Plant, machinery and equipment | 23 | €31,800 | €24,400 | -€7,400 | -23.3% |
| Furniture and vehicles | 24 | €1,039 | €820 | -€219 | -21.1% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €61,448 | €43,614 | -€17,834 | -29.0% |
| Stocks and contracts in progress | 3 | €23,047 | €24,605 | +€1,558 | +6.8% |
| Stocks | 30/36 | €23,047 | €24,605 | +€1,558 | +6.8% |
| Amounts receivable within one year | 40/41 | €26,237 | €19,009 | -€7,228 | -27.5% |
| Trade receivables | 40 | €13,383 | €10,257 | -€3,126 | -23.4% |
| Other amounts receivable | 41 | €12,854 | €8,752 | -€4,102 | -31.9% |
| Cash at bank and in hand | 54/58 | €12,164 | - | -€12,164 | |
| Total equity and liabilities | 10/49 | €94,287 | €69,084 | -€25,203 | -26.7% |
| Equity | 10/15 | €25,662 | €14,371 | -€11,291 | -44.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €24,000 | €13,371 | -€10,629 | -44.3% |
| Distributable reserves | 133 | €24,000 | €13,371 | -€10,629 | -44.3% |
| Profit (loss) carried forward | 14 | €662 | - | -€662 | |
| Amounts payable | 17/49 | €68,625 | €54,713 | -€13,912 | -20.3% |
| Amounts payable after more than one year | 17 | €12,552 | €16,095 | +€3,543 | +28.2% |
| Financial debts | 170/4 | €12,552 | €16,095 | +€3,543 | +28.2% |
| Amounts payable within one year | 42/48 | €56,073 | €34,718 | -€21,355 | -38.1% |
| Current portion of amounts payable after more than one year | 42 | €3,810 | €6,276 | +€2,466 | +64.7% |
| Financial debts | 43 | - | €6,183 | +€6,183 | |
| Credit institutions | 430/8 | - | €6,183 | +€6,183 | |
| Trade debts | 44 | €28,137 | €3,113 | -€25,024 | -88.9% |
| Suppliers | 440/4 | €28,137 | €3,113 | -€25,024 | -88.9% |
| Taxes, remuneration and social security | 45 | - | €646 | +€646 | |
| Taxes | 450/3 | - | €646 | +€646 | |
| Other amounts payable | 47/48 | €24,126 | €18,500 | -€5,626 | -23.3% |
| Accrued charges and deferred income | 492/3 | - | €3,900 | +€3,900 | |
| Remuneration, social security and pensions | 62 | €1,061 | €81 | -€980 | -92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,133 | €7,619 | +€1,486 | +24.2% |
| Other operating charges | 640/8 | €1,920 | €4,188 | +€2,268 | +118.1% |
| Gross operating margin | 9900 | €35,454 | -€750 | -€36,204 | |
| Operating profit (loss) | 9901 | €26,340 | -€12,638 | -€38,978 | |
| Financial income | 75/76B | €66 | €5,372 | +€5,306 | +8039.4% |
| Recurring financial income | 75 | €66 | €5,372 | +€5,306 | +8039.4% |
| Non-recurring financial income | 76B | - | €5,372 | +€5,372 | |
| Financial charges | 65/66B | €1,744 | €4,025 | +€2,281 | +130.8% |
| Recurring financial charges | 65 | €1,744 | €4,025 | +€2,281 | +130.8% |
| Profit (loss) for the period before taxes | 9903 | €24,662 | -€11,291 | -€35,953 | |
| Profit (loss) for the period | 9904 | €24,662 | -€11,291 | -€35,953 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,662 | -€11,291 | -€35,953 |
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 12 October 2026 via checked.be.