VDB TECHNIEKEN: 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 TECHNIEKEN
Largest movements
- Cash +€52,934
up €52,934 (+73.7%), from €71,784 to €124,718
mainly Net result for the year (+€75,636) and Depreciation (+€12,090)
- Tangible fixed assets -€12,090
down €12,090 (-23.2%), from €52,160 to €40,070
of which Leasing and similar rights: -€10,108
- Stocks and contracts +€4,007
up €4,007 (+20.3%), from €19,766 to €23,773
- Profit (loss) carried forward +€75,636
up €75,636 (+52.1%), from €145,086 to €220,722
- Tax, wage and social debts -€25,755
down €25,755 (-92.8%), from €27,758 to €2,003
- Debts after one year -€8,003
down €8,003 (-25.2%), from €31,745 to €23,742
- Gross operating margin +€15,014
up €15,014 (+15.9%), from €94,565 to €109,579
- Depreciation +€7,454
up €7,454 (+160.8%), from €4,636 to €12,090
- Taxes +€1,502
up €1,502 (+8.1%), from €18,501 to €20,003
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 | €219,552 | €262,175 | +€42,624 | +19.4% |
| Fixed assets | 21/28 | €52,160 | €40,070 | -€12,090 | -23.2% |
| Tangible fixed assets | 22/27 | €52,160 | €40,070 | -€12,090 | -23.2% |
| Plant, machinery and equipment | 23 | €4,277 | €2,295 | -€1,982 | -46.3% |
| Leasing and similar rights | 25 | €47,883 | €37,774 | -€10,108 | -21.1% |
| Current assets | 29/58 | €167,392 | €222,106 | +€54,714 | +32.7% |
| Stocks and contracts in progress | 3 | €19,766 | €23,773 | +€4,007 | +20.3% |
| Stocks | 30/36 | €19,766 | €23,773 | +€4,007 | +20.3% |
| Amounts receivable within one year | 40/41 | €73,262 | €71,111 | -€2,151 | -2.9% |
| Trade receivables | 40 | €17,564 | €16,600 | -€964 | -5.5% |
| Other amounts receivable | 41 | €55,699 | €54,511 | -€1,187 | -2.1% |
| Cash at bank and in hand | 54/58 | €71,784 | €124,718 | +€52,934 | +73.7% |
| Deferred charges and accrued income | 490/1 | €2,579 | €2,503 | -€76 | -3.0% |
| Total equity and liabilities | 10/49 | €219,552 | €262,175 | +€42,624 | +19.4% |
| Equity | 10/15 | €150,086 | €225,722 | +€75,636 | +50.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,086 | €220,722 | +€75,636 | +52.1% |
| Amounts payable | 17/49 | €69,465 | €36,453 | -€33,012 | -47.5% |
| Amounts payable after more than one year | 17 | €31,745 | €23,742 | -€8,003 | -25.2% |
| Financial debts | 170/4 | €31,745 | €23,742 | -€8,003 | -25.2% |
| Amounts payable within one year | 42/48 | €37,720 | €12,711 | -€25,009 | -66.3% |
| Current portion of amounts payable after more than one year | 42 | €7,688 | €8,003 | +€315 | +4.1% |
| Trade debts | 44 | €2,274 | €2,705 | +€431 | +18.9% |
| Suppliers | 440/4 | €2,274 | €2,705 | +€431 | +18.9% |
| Taxes, remuneration and social security | 45 | €27,758 | €2,003 | -€25,755 | -92.8% |
| Taxes | 450/3 | €27,758 | €2,003 | -€25,755 | -92.8% |
| Non-recurring operating income | 76A | €20 | €0 | -€20 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,636 | €12,090 | +€7,454 | +160.8% |
| Other operating charges | 640/8 | €979 | €1,145 | +€166 | +16.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €94,565 | €109,579 | +€15,014 | +15.9% |
| Operating profit (loss) | 9901 | €88,950 | €96,344 | +€7,393 | +8.3% |
| Financial income | 75/76B | €1,892 | €2,306 | +€413 | +21.8% |
| Recurring financial income | 75 | €1,892 | €2,306 | +€413 | +21.8% |
| Financial charges | 65/66B | €2,791 | €3,010 | +€220 | +7.9% |
| Recurring financial charges | 65 | €2,791 | €3,010 | +€220 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €88,052 | €95,639 | +€7,587 | +8.6% |
| Income taxes | 67/77 | €18,501 | €20,003 | +€1,502 | +8.1% |
| Profit (loss) for the period | 9904 | €69,551 | €75,636 | +€6,085 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €69,551 | €75,636 | +€6,085 | +8.7% |
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.