VDK DESIGN: what changed
What changed
VDK DESIGN
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
-€143,586
2024 · €441,358-€584,944
Equity
€320,403
2024 · €463,989-€143,586
Cash
€44,688
2024 · €45,358-€670
Balance sheet total
€3.7m
2024 · €3.5m+€163,637
Largest movements
Assets
- Tangible fixed assets +€104,536
up €104,536 (+6.6%), from €1.6m to €1.7m
of which Land and buildings: +€226,788
- Receivables within one year +€93,189
up €93,189 (+37.4%), from €249,141 to €342,330
of which Trade receivables: +€169,349
Equity and liabilities
- Other debts +€349,121
up €349,121 (+28.9%), from €1.2m to €1.6m
- Profit (loss) carried forward -€143,586
down €143,586 (-9,763%), from -€1,471 to -€145,057
- Debts after one year -€116,303
down €116,303 (-7.6%), from €1.5m to €1.4m
- Trade debts +€77,756
up €77,756 (+40.5%), from €191,887 to €269,644
of which Suppliers: +€77,756
Income statement
- Gross operating margin -€587,427
down €587,427 (-92.0%), from €638,540 to €51,113
- Financial income -€28,897
down €28,897 (-93.6%), from €30,879 to €1,982
- Depreciation -€18,436
down €18,436 (-12.5%), from €147,027 to €128,592
- Financial charges +€16,738
up €16,738 (+48.5%), from €34,536 to €51,273
- Staff costs -€13,480
down €13,480 (-100%), from €13,480 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€441,358
Gross operating margin
-€587,427
Staff costs
+€13,480
Depreciation
+€18,436
Other operating charges
+€5,162
Other operating items
+€9,567
Financial income
-€28,897
Financial charges
-€16,738
Taxes
+€1,473
Result 2025
-€143,586
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€313,968
Investment
-€200,933
Financing
-€113,705
Cash 2024
€45,358
From operations (derived)
+€313,968
Net result for the year
-€143,586
Depreciation
+€128,592
Receivables within one year
-€93,189
Deferred charges and accrued income
+€1,224
Trade debts
+€77,756
Tax, wage and social debts
-€5,949
Other debts
+€349,121
Investment (derived)
-€200,933
Investment in fixed assets (net)
-€233,127
Current investments
+€32,194
Financing
-€113,705
Debts after one year
-€116,303
Current portion of long-term debt
+€2,598
Cash 2025
€44,688
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,520,458 | €3,684,094 | +€163,637 | +4.6% |
| Fixed assets | 21/28 | €1,590,877 | €1,695,412 | +€104,536 | +6.6% |
| Tangible fixed assets | 22/27 | €1,590,877 | €1,695,412 | +€104,536 | +6.6% |
| Land and buildings | 22 | €1,466,293 | €1,693,081 | +€226,788 | +15.5% |
| Plant, machinery and equipment | 23 | €124,584 | €0 | -€124,584 | -100% |
| Furniture and vehicles | 24 | - | €2,331 | +€2,331 | |
| Current assets | 29/58 | €1,929,581 | €1,988,682 | +€59,101 | +3.1% |
| Amounts receivable within one year | 40/41 | €249,141 | €342,330 | +€93,189 | +37.4% |
| Trade receivables | 40 | €156,482 | €325,830 | +€169,349 | +108% |
| Other amounts receivable | 41 | €92,660 | €16,500 | -€76,160 | -82.2% |
| Current investments | 50/53 | €1,632,317 | €1,600,123 | -€32,194 | -2.0% |
| Cash at bank and in hand | 54/58 | €45,358 | €44,688 | -€670 | -1.5% |
| Deferred charges and accrued income | 490/1 | €2,764 | €1,541 | -€1,224 | -44.3% |
| Total equity and liabilities | 10/49 | €3,520,458 | €3,684,094 | +€163,637 | +4.6% |
| Equity | 10/15 | €463,989 | €320,403 | -€143,586 | -30.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €446,860 | €446,860 | = | 0.0% |
| 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 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €407,500 | €407,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,471 | -€145,057 | -€143,586 | -9,763% |
| Amounts payable | 17/49 | €3,056,468 | €3,363,691 | +€307,223 | +10.1% |
| Amounts payable after more than one year | 17 | €1,525,922 | €1,409,619 | -€116,303 | -7.6% |
| Financial debts | 170/4 | €1,525,922 | €1,409,619 | -€116,303 | -7.6% |
| Amounts payable within one year | 42/48 | €1,530,546 | €1,954,072 | +€423,526 | +27.7% |
| Current portion of amounts payable after more than one year | 42 | €124,824 | €127,422 | +€2,598 | +2.1% |
| Trade debts | 44 | €191,887 | €269,644 | +€77,756 | +40.5% |
| Suppliers | 440/4 | €99,296 | €177,053 | +€77,756 | +78.3% |
| Bills of exchange payable | 441 | €92,591 | €92,591 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,565 | €616 | -€5,949 | -90.6% |
| Taxes | 450/3 | €4,686 | €616 | -€4,070 | -86.9% |
| Remuneration and social security | 454/9 | €1,879 | €0 | -€1,879 | -100% |
| Other amounts payable | 47/48 | €1,207,270 | €1,556,391 | +€349,121 | +28.9% |
| Non-recurring operating income | 76A | - | €3,915 | +€3,915 | |
| Remuneration, social security and pensions | 62 | €13,480 | €0 | -€13,480 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,027 | €128,592 | -€18,436 | -12.5% |
| Other operating charges | 640/8 | €21,978 | €16,816 | -€5,162 | -23.5% |
| Non-recurring operating charges | 66A | €9,567 | €0 | -€9,567 | -100% |
| Gross operating margin | 9900 | €638,540 | €51,113 | -€587,427 | -92.0% |
| Operating profit (loss) | 9901 | €446,488 | -€94,295 | -€540,783 | |
| Financial income | 75/76B | €30,879 | €1,982 | -€28,897 | -93.6% |
| Recurring financial income | 75 | €30,879 | €1,982 | -€28,897 | -93.6% |
| Financial charges | 65/66B | €34,536 | €51,273 | +€16,738 | +48.5% |
| Recurring financial charges | 65 | €34,536 | €51,273 | +€16,738 | +48.5% |
| Profit (loss) for the period before taxes | 9903 | €442,831 | -€143,586 | -€586,417 | |
| Income taxes | 67/77 | €1,473 | €0 | -€1,473 | -100% |
| Profit (loss) for the period | 9904 | €441,358 | -€143,586 | -€584,944 | |
| Profit (loss) for the period to be appropriated | 9905 | €441,358 | -€143,586 | -€584,944 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.