VDG 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.
VDG TECHNIEKEN
Largest movements
- Cash -€50,470
down €50,470 (-39.9%), from €126,586 to €76,116
mainly Trade debts (-€26,093) and Other debts (-€24,792)
- Receivables within one year +€10,206
up €10,206 (+19.7%), from €51,885 to €62,091
of which Trade receivables: +€12,145
- Trade debts -€26,093
down €26,093 (-34.7%), from €75,213 to €49,120
- Other debts -€24,792
down €24,792 (-84.9%), from €29,198 to €4,407
- Reserves +€15,393
up €15,393 (+23.1%), from €66,672 to €82,066
of which Distributable reserves: +€15,393
- Tax, wage and social debts -€4,245
down €4,245 (-73.4%), from €5,785 to €1,539
of which Remuneration and social security: -€3,542
- Gross operating margin -€7,500
down €7,500 (-23.7%), from €31,694 to €24,194
- Financial income -€2,910
down €2,910 (-97.1%), from €2,998 to €87
- Taxes -€2,267
down €2,267 (-25.3%), from €8,951 to €6,684
- Depreciation -€835
down €835 (-66.4%), from €1,257 to €422
- Financial charges -€448
down €448 (-28.9%), from €1,552 to €1,104
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 | €185,513 | €145,777 | -€39,737 | -21.4% |
| Fixed assets | 21/28 | €1,012 | €1,639 | +€627 | +61.9% |
| Tangible fixed assets | 22/27 | €1,012 | €1,639 | +€627 | +61.9% |
| Plant, machinery and equipment | 23 | €1,012 | €1,639 | +€627 | +61.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €184,501 | €144,137 | -€40,364 | -21.9% |
| Stocks and contracts in progress | 3 | €750 | €1,782 | +€1,032 | +138% |
| Stocks | 30/36 | €750 | €1,782 | +€1,032 | +138% |
| Amounts receivable within one year | 40/41 | €51,885 | €62,091 | +€10,206 | +19.7% |
| Trade receivables | 40 | €36,966 | €49,110 | +€12,145 | +32.9% |
| Other amounts receivable | 41 | €14,920 | €12,981 | -€1,939 | -13.0% |
| Cash at bank and in hand | 54/58 | €126,586 | €76,116 | -€50,470 | -39.9% |
| Deferred charges and accrued income | 490/1 | €5,279 | €4,148 | -€1,131 | -21.4% |
| Total equity and liabilities | 10/49 | €185,513 | €145,777 | -€39,737 | -21.4% |
| Equity | 10/15 | €75,317 | €90,711 | +€15,393 | +20.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,672 | €82,066 | +€15,393 | +23.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,333 | €28,333 | = | 0.0% |
| Distributable reserves | 133 | €36,479 | €51,873 | +€15,393 | +42.2% |
| Profit (loss) carried forward | 14 | -€9,955 | -€9,955 | = | 0.0% |
| Amounts payable | 17/49 | €110,196 | €55,066 | -€55,130 | -50.0% |
| Amounts payable within one year | 42/48 | €110,196 | €55,066 | -€55,130 | -50.0% |
| Trade debts | 44 | €75,213 | €49,120 | -€26,093 | -34.7% |
| Suppliers | 440/4 | €75,213 | €49,120 | -€26,093 | -34.7% |
| Taxes, remuneration and social security | 45 | €5,785 | €1,539 | -€4,245 | -73.4% |
| Taxes | 450/3 | €2,243 | €1,539 | -€704 | -31.4% |
| Remuneration and social security | 454/9 | €3,542 | €0 | -€3,542 | -100% |
| Other amounts payable | 47/48 | €29,198 | €4,407 | -€24,792 | -84.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,257 | €422 | -€835 | -66.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €175 | €173 | -€2 | -1.1% |
| Other operating charges | 640/8 | €328 | €505 | +€177 | +53.9% |
| Gross operating margin | 9900 | €31,694 | €24,194 | -€7,500 | -23.7% |
| Operating profit (loss) | 9901 | €29,935 | €23,094 | -€6,840 | -22.9% |
| Financial income | 75/76B | €2,998 | €87 | -€2,910 | -97.1% |
| Recurring financial income | 75 | €2,998 | €87 | -€2,910 | -97.1% |
| Financial charges | 65/66B | €1,552 | €1,104 | -€448 | -28.9% |
| Recurring financial charges | 65 | €1,552 | €1,104 | -€448 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €31,380 | €22,078 | -€9,303 | -29.6% |
| Income taxes | 67/77 | €8,951 | €6,684 | -€2,267 | -25.3% |
| Profit (loss) for the period | 9904 | €22,429 | €15,393 | -€7,036 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,429 | €15,393 | -€7,036 | -31.4% |
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 19 October 2026 via checked.be.