VDK CHAUFFAGE: 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.
VDK CHAUFFAGE
Largest movements
- Receivables within one year -€28,198
down €28,198 (-16.7%), from €168,584 to €140,386
of which Trade receivables: -€32,452
- Cash -€16,084
no longer reported in 2025 (was €16,084)
mainly Net result for the year (-€64,863) and Advances received (-€26,582)
- Tangible fixed assets +€4,641
up €4,641 (+265%), from €1,750 to €6,392
of which Furniture and vehicles: +€4,177
- Profit (loss) carried forward -€64,863
down €64,863, from €10,309 to -€54,554
- Trade debts +€41,894
up €41,894 (+51.8%), from €80,911 to €122,805
- Advances received -€26,582
down €26,582 (-66.7%), from €39,849 to €13,267
- Short-term financial debts +€21,210
up €21,210 (+316%), from €6,720 to €27,930
- Debts after one year -€10,363
down €10,363 (-33.6%), from €30,809 to €20,445
- Gross operating margin -€56,324
down €56,324, from €35,480 to -€20,845
- Financial charges +€3,933
up €3,933 (+45.4%), from €8,664 to €12,598
- Taxes -€1,806
down €1,806 (-83.9%), from €2,154 to €347
- Other operating charges +€1,658
up €1,658 (+62.5%), from €2,652 to €4,311
- Depreciation +€427
up €427 (+22.2%), from €1,922 to €2,349
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 | €205,792 | €163,244 | -€42,549 | -20.7% |
| Fixed assets | 21/28 | €2,113 | €6,755 | +€4,641 | +220% |
| Tangible fixed assets | 22/27 | €1,750 | €6,392 | +€4,641 | +265% |
| Plant, machinery and equipment | 23 | €1,487 | €1,950 | +€464 | +31.2% |
| Furniture and vehicles | 24 | €264 | €4,441 | +€4,177 | +1,584% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €203,679 | €156,489 | -€47,190 | -23.2% |
| Amounts receivable after more than one year | 29 | €10,124 | €10,472 | +€348 | +3.4% |
| Other amounts receivable | 291 | €10,124 | €10,472 | +€348 | +3.4% |
| Stocks and contracts in progress | 3 | €5,789 | €4,360 | -€1,430 | -24.7% |
| Stocks | 30/36 | €5,789 | €4,360 | -€1,430 | -24.7% |
| Amounts receivable within one year | 40/41 | €168,584 | €140,386 | -€28,198 | -16.7% |
| Trade receivables | 40 | €162,113 | €129,661 | -€32,452 | -20.0% |
| Other amounts receivable | 41 | €6,471 | €10,725 | +€4,254 | +65.7% |
| Cash at bank and in hand | 54/58 | €16,084 | - | -€16,084 | |
| Deferred charges and accrued income | 490/1 | €3,097 | €1,271 | -€1,826 | -59.0% |
| Total equity and liabilities | 10/49 | €205,792 | €163,244 | -€42,549 | -20.7% |
| Equity | 10/15 | €12,809 | -€52,054 | -€64,863 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,309 | -€54,554 | -€64,863 | |
| Amounts payable | 17/49 | €192,983 | €215,298 | +€22,315 | +11.6% |
| Amounts payable after more than one year | 17 | €30,809 | €20,445 | -€10,363 | -33.6% |
| Financial debts | 170/4 | €30,809 | €20,445 | -€10,363 | -33.6% |
| Amounts payable within one year | 42/48 | €162,174 | €194,852 | +€32,678 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €24,366 | €27,305 | +€2,939 | +12.1% |
| Financial debts | 43 | €6,720 | €27,930 | +€21,210 | +316% |
| Credit institutions | 430/8 | €6,720 | €27,930 | +€21,210 | +316% |
| Trade debts | 44 | €80,911 | €122,805 | +€41,894 | +51.8% |
| Suppliers | 440/4 | €80,911 | €122,805 | +€41,894 | +51.8% |
| Advances received on contracts in progress | 46 | €39,849 | €13,267 | -€26,582 | -66.7% |
| Taxes, remuneration and social security | 45 | €9,488 | €3,545 | -€5,943 | -62.6% |
| Taxes | 450/3 | €3,940 | €349 | -€3,591 | -91.1% |
| Remuneration and social security | 454/9 | €5,548 | €3,196 | -€2,352 | -42.4% |
| Other amounts payable | 47/48 | €840 | - | -€840 | |
| Non-recurring operating income | 76A | €2,328 | - | -€2,328 | |
| Remuneration, social security and pensions | 62 | €24,494 | €24,793 | +€299 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,922 | €2,349 | +€427 | +22.2% |
| Other operating charges | 640/8 | €2,652 | €4,311 | +€1,658 | +62.5% |
| Gross operating margin | 9900 | €35,480 | -€20,845 | -€56,324 | |
| Operating profit (loss) | 9901 | €6,411 | -€52,298 | -€58,709 | |
| Financial income | 75/76B | €227 | €379 | +€152 | +66.7% |
| Recurring financial income | 75 | €227 | €379 | +€152 | +66.7% |
| Financial charges | 65/66B | €8,664 | €12,598 | +€3,933 | +45.4% |
| Recurring financial charges | 65 | €8,664 | €12,598 | +€3,933 | +45.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,026 | -€64,516 | -€62,490 | -3,085% |
| Income taxes | 67/77 | €2,154 | €347 | -€1,806 | -83.9% |
| Profit (loss) for the period | 9904 | -€4,180 | -€64,863 | -€60,684 | -1,452% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,180 | -€64,863 | -€60,684 | -1,452% |
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 29 October 2026 via checked.be.