VDK CIS: 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 CIS
Largest movements
- Receivables within one year +€51,935
up €51,935 (+24.6%), from €211,231 to €263,166
of which Other amounts receivable: +€47,487
- Cash -€13,113
down €13,113 (-51.7%), from €25,371 to €12,258
mainly Receivables within one year (-€51,935) and Trade debts (-€21,305)
- Intangible fixed assets -€7,250
down €7,250 (-24.0%), from €30,208 to €22,958
- Tangible fixed assets -€5,254
down €5,254 (-43.9%), from €11,975 to €6,721
of which Leasing and similar rights: -€5,361
- Profit (loss) carried forward +€45,704
up €45,704 (+27.8%), from €164,614 to €210,318
- Trade debts -€21,305
down €21,305 (-26.9%), from €79,225 to €57,920
- Tax, wage and social debts +€7,224
up €7,224 (+30.0%), from €24,067 to €31,291
of which Taxes: +€10,165
- Debts after one year -€4,959
no longer reported in 2024 (was €4,959)
- Gross operating margin -€19,667
down €19,667 (-20.7%), from €95,136 to €75,469
- Taxes -€4,090
down €4,090 (-23.4%), from €17,446 to €13,356
- Depreciation -€1,864
down €1,864 (-11.7%), from €15,910 to €14,046
- Financial charges -€1,204
down €1,204 (-65.3%), from €1,843 to €639
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 | €284,980 | €311,308 | +€26,328 | +9.2% |
| Fixed assets | 21/28 | €42,981 | €30,477 | -€12,504 | -29.1% |
| Intangible fixed assets | 21 | €30,208 | €22,958 | -€7,250 | -24.0% |
| Tangible fixed assets | 22/27 | €11,975 | €6,721 | -€5,254 | -43.9% |
| Plant, machinery and equipment | 23 | €2,762 | €2,869 | +€107 | +3.9% |
| Leasing and similar rights | 25 | €9,213 | €3,852 | -€5,361 | -58.2% |
| Financial fixed assets | 28 | €798 | €798 | = | 0.0% |
| Current assets | 29/58 | €241,999 | €280,831 | +€38,832 | +16.0% |
| Stocks and contracts in progress | 3 | €2,828 | €2,750 | -€78 | -2.8% |
| Stocks | 30/36 | €2,828 | €2,750 | -€78 | -2.8% |
| Amounts receivable within one year | 40/41 | €211,231 | €263,166 | +€51,935 | +24.6% |
| Trade receivables | 40 | €91,057 | €95,505 | +€4,448 | +4.9% |
| Other amounts receivable | 41 | €120,174 | €167,661 | +€47,487 | +39.5% |
| Cash at bank and in hand | 54/58 | €25,371 | €12,258 | -€13,113 | -51.7% |
| Deferred charges and accrued income | 490/1 | €2,569 | €2,657 | +€88 | +3.4% |
| Total equity and liabilities | 10/49 | €284,980 | €311,308 | +€26,328 | +9.2% |
| Equity | 10/15 | €171,434 | €217,138 | +€45,704 | +26.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,614 | €210,318 | +€45,704 | +27.8% |
| Amounts payable | 17/49 | €113,546 | €94,170 | -€19,376 | -17.1% |
| Amounts payable after more than one year | 17 | €4,959 | - | -€4,959 | |
| Financial debts | 170/4 | €4,959 | - | -€4,959 | |
| Amounts payable within one year | 42/48 | €108,587 | €94,170 | -€14,417 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €5,295 | €4,959 | -€336 | -6.3% |
| Trade debts | 44 | €79,225 | €57,920 | -€21,305 | -26.9% |
| Suppliers | 440/4 | €79,225 | €57,920 | -€21,305 | -26.9% |
| Taxes, remuneration and social security | 45 | €24,067 | €31,291 | +€7,224 | +30.0% |
| Taxes | 450/3 | €21,126 | €31,291 | +€10,165 | +48.1% |
| Remuneration and social security | 454/9 | €2,941 | - | -€2,941 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,910 | €14,046 | -€1,864 | -11.7% |
| Other operating charges | 640/8 | €1,219 | €1,877 | +€658 | +54.0% |
| Gross operating margin | 9900 | €95,136 | €75,469 | -€19,667 | -20.7% |
| Operating profit (loss) | 9901 | €78,007 | €59,546 | -€18,461 | -23.7% |
| Financial income | 75/76B | €94 | €153 | +€59 | +62.8% |
| Recurring financial income | 75 | €94 | €153 | +€59 | +62.8% |
| Financial charges | 65/66B | €1,843 | €639 | -€1,204 | -65.3% |
| Recurring financial charges | 65 | €1,843 | €639 | -€1,204 | -65.3% |
| Profit (loss) for the period before taxes | 9903 | €76,258 | €59,060 | -€17,198 | -22.6% |
| Income taxes | 67/77 | €17,446 | €13,356 | -€4,090 | -23.4% |
| Profit (loss) for the period | 9904 | €58,812 | €45,704 | -€13,108 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €58,812 | €45,704 | -€13,108 | -22.3% |
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 18 October 2026 via checked.be.