VDB SCHILDERWERKEN: 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.
VDB SCHILDERWERKEN
Largest movements
- Receivables within one year +€27,200
up €27,200 (+21.2%), from €128,472 to €155,673
of which Trade receivables: +€29,817
- Cash -€13,738
down €13,738 (-49.2%), from €27,916 to €14,178
mainly Receivables within one year (-€27,200) and Net result for the year (-€12,656)
- Tangible fixed assets -€7,011
down €7,011 (-57.5%), from €12,184 to €5,174
of which Furniture and vehicles: -€3,952
- Other debts +€24,170
up €24,170 (+20.1%), from €120,197 to €144,366
- Profit (loss) carried forward -€12,656
down €12,656 (-76.9%), from €16,459 to €3,802
- Current portion of long-term debt -€3,822
no longer reported in 2026 (was €3,822)
- Gross operating margin -€26,037
down €26,037 (-10.5%), from €248,867 to €222,830
- Staff costs -€23,514
down €23,514 (-9.4%), from €249,399 to €225,885
- Depreciation -€3,094
down €3,094 (-30.6%), from €10,105 to €7,011
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,059 | €185,048 | +€6,989 | +3.9% |
| Fixed assets | 21/28 | €12,184 | €5,174 | -€7,011 | -57.5% |
| Tangible fixed assets | 22/27 | €12,184 | €5,174 | -€7,011 | -57.5% |
| Plant, machinery and equipment | 23 | €7,453 | €4,395 | -€3,058 | -41.0% |
| Furniture and vehicles | 24 | €4,731 | €779 | -€3,952 | -83.5% |
| Current assets | 29/58 | €165,875 | €179,874 | +€13,999 | +8.4% |
| Stocks and contracts in progress | 3 | €370 | €580 | +€210 | +56.8% |
| Stocks | 30/36 | €370 | €580 | +€210 | +56.8% |
| Amounts receivable within one year | 40/41 | €128,472 | €155,673 | +€27,200 | +21.2% |
| Trade receivables | 40 | €125,849 | €155,666 | +€29,817 | +23.7% |
| Other amounts receivable | 41 | €2,623 | €7 | -€2,616 | -99.7% |
| Cash at bank and in hand | 54/58 | €27,916 | €14,178 | -€13,738 | -49.2% |
| Deferred charges and accrued income | 490/1 | €9,116 | €9,444 | +€327 | +3.6% |
| Total equity and liabilities | 10/49 | €178,059 | €185,048 | +€6,989 | +3.9% |
| Equity | 10/15 | €28,859 | €16,202 | -€12,656 | -43.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,459 | €3,802 | -€12,656 | -76.9% |
| Amounts payable | 17/49 | €149,201 | €168,846 | +€19,645 | +13.2% |
| Amounts payable within one year | 42/48 | €149,201 | €168,846 | +€19,645 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €3,822 | - | -€3,822 | |
| Trade debts | 44 | €10,554 | €9,792 | -€763 | -7.2% |
| Suppliers | 440/4 | €10,554 | €9,792 | -€763 | -7.2% |
| Taxes, remuneration and social security | 45 | €14,627 | €14,688 | +€60 | +0.4% |
| Taxes | 450/3 | €4,605 | €6,000 | +€1,395 | +30.3% |
| Remuneration and social security | 454/9 | €10,023 | €8,687 | -€1,335 | -13.3% |
| Other amounts payable | 47/48 | €120,197 | €144,366 | +€24,170 | +20.1% |
| Remuneration, social security and pensions | 62 | €249,399 | €225,885 | -€23,514 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,105 | €7,011 | -€3,094 | -30.6% |
| Other operating charges | 640/8 | €885 | €967 | +€82 | +9.2% |
| Gross operating margin | 9900 | €248,867 | €222,830 | -€26,037 | -10.5% |
| Operating profit (loss) | 9901 | -€11,522 | -€11,033 | +€489 | +4.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,929 | €1,624 | -€305 | -15.8% |
| Recurring financial charges | 65 | €1,929 | €1,624 | -€305 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,449 | -€12,656 | +€793 | +5.9% |
| Profit (loss) for the period | 9904 | -€13,449 | -€12,656 | +€793 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,449 | -€12,656 | +€793 | +5.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.