VDH-Machines: 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.
VDH-Machines
Largest movements
- Receivables within one year +€109,161
up €109,161 (+26.3%), from €415,728 to €524,889
of which Trade receivables: +€74,558
- Tangible fixed assets +€28,000
up €28,000 (+406%), from €6,890 to €34,891
of which Furniture and vehicles: +€29,815
- Trade debts +€140,013
up €140,013 (+37.7%), from €371,219 to €511,232
- Accrued charges and deferred income -€25,177
down €25,177 (-53.1%), from €47,436 to €22,259
- Reserves +€17,596
up €17,596 (+22.9%), from €76,700 to €94,295
of which Distributable reserves: +€17,596
- Tax, wage and social debts +€6,811
up €6,811 (+27.7%), from €24,568 to €31,379
- Gross operating margin +€10,239
up €10,239 (+46.5%), from €22,032 to €32,271
- Taxes +€2,966
up €2,966 (+33.1%), from €8,962 to €11,928
- Depreciation +€2,929
up €2,929 (+185%), from €1,588 to €4,517
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €538,523 | €677,765 | +€139,242 | +25.9% |
| Fixed assets | 21/28 | €6,890 | €34,891 | +€28,000 | +406% |
| Tangible fixed assets | 22/27 | €6,890 | €34,891 | +€28,000 | +406% |
| Plant, machinery and equipment | 23 | €5,149 | €3,334 | -€1,815 | -35.2% |
| Furniture and vehicles | 24 | €1,741 | €31,556 | +€29,815 | +1,713% |
| Current assets | 29/58 | €531,633 | €642,875 | +€111,242 | +20.9% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €415,728 | €524,889 | +€109,161 | +26.3% |
| Trade receivables | 40 | €399,860 | €474,418 | +€74,558 | +18.6% |
| Other amounts receivable | 41 | €15,868 | €50,470 | +€34,603 | +218% |
| Cash at bank and in hand | 54/58 | €11,790 | €17,276 | +€5,486 | +46.5% |
| Deferred charges and accrued income | 490/1 | €4,115 | €710 | -€3,405 | -82.7% |
| Total equity and liabilities | 10/49 | €538,523 | €677,765 | +€139,242 | +25.9% |
| Equity | 10/15 | €95,300 | €112,895 | +€17,596 | +18.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €76,700 | €94,295 | +€17,596 | +22.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €74,840 | €92,435 | +€17,596 | +23.5% |
| Amounts payable | 17/49 | €443,223 | €564,870 | +€121,647 | +27.4% |
| Amounts payable within one year | 42/48 | €395,787 | €542,611 | +€146,824 | +37.1% |
| Trade debts | 44 | €371,219 | €511,232 | +€140,013 | +37.7% |
| Suppliers | 440/4 | €371,219 | €511,232 | +€140,013 | +37.7% |
| Taxes, remuneration and social security | 45 | €24,568 | €31,379 | +€6,811 | +27.7% |
| Taxes | 450/3 | €24,568 | €31,379 | +€6,811 | +27.7% |
| Accrued charges and deferred income | 492/3 | €47,436 | €22,259 | -€25,177 | -53.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,588 | €4,517 | +€2,929 | +185% |
| Other operating charges | 640/8 | €2,076 | €2,222 | +€145 | +7.0% |
| Gross operating margin | 9900 | €22,032 | €32,271 | +€10,239 | +46.5% |
| Operating profit (loss) | 9901 | €18,368 | €25,533 | +€7,164 | +39.0% |
| Financial income | 75/76B | €4,200 | €4,200 | +€0 | 0.0% |
| Recurring financial income | 75 | €4,200 | €4,200 | +€0 | 0.0% |
| Financial charges | 65/66B | €138 | €209 | +€71 | +51.7% |
| Recurring financial charges | 65 | €138 | €209 | +€71 | +51.7% |
| Profit (loss) for the period before taxes | 9903 | €22,430 | €29,523 | +€7,093 | +31.6% |
| Income taxes | 67/77 | €8,962 | €11,928 | +€2,966 | +33.1% |
| Profit (loss) for the period | 9904 | €13,468 | €17,596 | +€4,127 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,468 | €17,596 | +€4,127 | +30.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.