VDB-SNICK: 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-SNICK
Largest movements
- Receivables within one year -€89,731
down €89,731 (-17.7%), from €507,789 to €418,057
of which Trade receivables: -€87,998
- Tangible fixed assets -€78,305
down €78,305 (-23.6%), from €332,321 to €254,016
of which Furniture and vehicles: -€82,835
- Cash +€50,298
up €50,298 (+33.8%), from €148,783 to €199,081
mainly Depreciation (+€107,221) and Receivables within one year (+€89,731)
- Stocks and contracts -€18,059
down €18,059 (-5.4%), from €333,875 to €315,816
- Other debts -€75,766
down €75,766 (-19.3%), from €392,778 to €317,013
- Trade debts -€52,192
down €52,192 (-17.0%), from €306,576 to €254,384
- Profit (loss) carried forward +€35,958
up €35,958 (+9.5%), from €380,016 to €415,974
- Current portion of long-term debt -€28,378
down €28,378 (-69.0%), from €41,101 to €12,723
- Gross operating margin -€77,214
down €77,214 (-19.4%), from €397,667 to €320,454
- Depreciation +€24,553
up €24,553 (+29.7%), from €82,668 to €107,221
- Staff costs -€24,395
down €24,395 (-18.2%), from €134,218 to €109,823
- Financial charges -€8,255
down €8,255 (-51.7%), from €15,951 to €7,697
- Taxes -€7,484
down €7,484 (-32.5%), from €23,020 to €15,536
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 | €1,337,773 | €1,205,092 | -€132,682 | -9.9% |
| Fixed assets | 21/28 | €332,456 | €254,151 | -€78,305 | -23.6% |
| Tangible fixed assets | 22/27 | €332,321 | €254,016 | -€78,305 | -23.6% |
| Land and buildings | 22 | €11,096 | €20,649 | +€9,554 | +86.1% |
| Plant, machinery and equipment | 23 | €8,560 | €3,536 | -€5,024 | -58.7% |
| Furniture and vehicles | 24 | €312,665 | €229,831 | -€82,835 | -26.5% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,005,317 | €950,941 | -€54,376 | -5.4% |
| Stocks and contracts in progress | 3 | €333,875 | €315,816 | -€18,059 | -5.4% |
| Stocks | 30/36 | €333,875 | €315,816 | -€18,059 | -5.4% |
| Amounts receivable within one year | 40/41 | €507,789 | €418,057 | -€89,731 | -17.7% |
| Trade receivables | 40 | €504,591 | €416,592 | -€87,998 | -17.4% |
| Other amounts receivable | 41 | €3,198 | €1,465 | -€1,733 | -54.2% |
| Cash at bank and in hand | 54/58 | €148,783 | €199,081 | +€50,298 | +33.8% |
| Deferred charges and accrued income | 490/1 | €14,871 | €17,987 | +€3,116 | +21.0% |
| Total equity and liabilities | 10/49 | €1,337,773 | €1,205,092 | -€132,682 | -9.9% |
| Equity | 10/15 | €504,924 | €540,882 | +€35,958 | +7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €106,308 | €106,308 | = | 0.0% |
| Tax-exempt reserves | 132 | €88,750 | €88,750 | = | 0.0% |
| Distributable reserves | 133 | €17,558 | €17,558 | = | 0.0% |
| Profit (loss) carried forward | 14 | €380,016 | €415,974 | +€35,958 | +9.5% |
| Provisions and deferred taxes | 16 | €42,168 | €48,896 | +€6,727 | +16.0% |
| Provisions for liabilities and charges | 160/5 | €42,168 | €48,896 | +€6,727 | +16.0% |
| Environmental obligations | 163 | €42,168 | €48,896 | +€6,727 | +16.0% |
| Amounts payable | 17/49 | €790,681 | €615,314 | -€175,367 | -22.2% |
| Amounts payable after more than one year | 17 | €9,546 | €0 | -€9,546 | -100% |
| Financial debts | 170/4 | €9,546 | €0 | -€9,546 | -100% |
| Amounts payable within one year | 42/48 | €775,690 | €611,654 | -€164,036 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €41,101 | €12,723 | -€28,378 | -69.0% |
| Trade debts | 44 | €306,576 | €254,384 | -€52,192 | -17.0% |
| Suppliers | 440/4 | €306,576 | €254,384 | -€52,192 | -17.0% |
| Taxes, remuneration and social security | 45 | €35,235 | €27,534 | -€7,700 | -21.9% |
| Taxes | 450/3 | €15,794 | €9,689 | -€6,105 | -38.7% |
| Remuneration and social security | 454/9 | €19,441 | €17,845 | -€1,595 | -8.2% |
| Other amounts payable | 47/48 | €392,778 | €317,013 | -€75,766 | -19.3% |
| Accrued charges and deferred income | 492/3 | €5,445 | €3,660 | -€1,785 | -32.8% |
| Non-recurring operating income | 76A | €1,120 | €1,029 | -€90 | -8.1% |
| Remuneration, social security and pensions | 62 | €134,218 | €109,823 | -€24,395 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,668 | €107,221 | +€24,553 | +29.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,186 | -€102 | -€2,287 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €13,610 | €6,727 | -€6,883 | -50.6% |
| Other operating charges | 640/8 | €7,936 | €7,323 | -€612 | -7.7% |
| Gross operating margin | 9900 | €397,667 | €320,454 | -€77,214 | -19.4% |
| Operating profit (loss) | 9901 | €157,050 | €89,461 | -€67,589 | -43.0% |
| Financial income | 75/76B | €10,917 | €14,731 | +€3,814 | +34.9% |
| Recurring financial income | 75 | €10,917 | €14,731 | +€3,814 | +34.9% |
| Financial charges | 65/66B | €15,951 | €7,697 | -€8,255 | -51.7% |
| Recurring financial charges | 65 | €15,951 | €7,697 | -€8,255 | -51.7% |
| Profit (loss) for the period before taxes | 9903 | €152,015 | €96,495 | -€55,521 | -36.5% |
| Income taxes | 67/77 | €23,020 | €15,536 | -€7,484 | -32.5% |
| Profit (loss) for the period | 9904 | €128,995 | €80,958 | -€48,037 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €128,995 | €80,958 | -€48,037 | -37.2% |
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 15 October 2026 via checked.be.