VDK MENUISERIE: 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 MENUISERIE
Largest movements
- Receivables within one year +€33,409
up €33,409 (+223%), from €15,013 to €48,422
of which Trade receivables: +€41,586
- Cash -€22,998
down €22,998 (-28.3%), from €81,126 to €58,128
mainly Contributions, distributions and other (-€60,000) and Receivables within one year (-€33,409)
- Tangible fixed assets -€9,890
down €9,890 (-49.3%), from €20,052 to €10,162
of which Furniture and vehicles: -€9,156
- Profit (loss) carried forward -€27,821
down €27,821 (-41.4%), from €67,248 to €39,426
- Other debts +€26,156
up €26,156 (+63.1%), from €41,483 to €67,639
- Tax, wage and social debts +€5,214
up €5,214 (+109%), from €4,780 to €9,994
- Trade debts -€3,146
down €3,146 (-97.8%), from €3,218 to €72
- Gross operating margin +€14,064
up €14,064 (+32.8%), from €42,940 to €57,004
- Taxes +€4,583
up €4,583 (+67.2%), from €6,823 to €11,406
- Other operating charges -€1,372
down €1,372 (-63.0%), from €2,177 to €805
- Depreciation +€789
up €789 (+8.7%), from €9,100 to €9,890
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 | €118,228 | €118,632 | +€404 | +0.3% |
| Fixed assets | 21/28 | €20,302 | €10,412 | -€9,890 | -48.7% |
| Tangible fixed assets | 22/27 | €20,052 | €10,162 | -€9,890 | -49.3% |
| Plant, machinery and equipment | 23 | €2,856 | €2,123 | -€733 | -25.7% |
| Furniture and vehicles | 24 | €17,196 | €8,040 | -€9,156 | -53.2% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €97,926 | €108,220 | +€10,293 | +10.5% |
| Stocks and contracts in progress | 3 | €1,787 | €1,670 | -€117 | -6.6% |
| Stocks | 30/36 | €1,787 | €1,670 | -€117 | -6.6% |
| Amounts receivable within one year | 40/41 | €15,013 | €48,422 | +€33,409 | +223% |
| Trade receivables | 40 | €6,252 | €47,837 | +€41,586 | +665% |
| Other amounts receivable | 41 | €8,761 | €585 | -€8,177 | -93.3% |
| Cash at bank and in hand | 54/58 | €81,126 | €58,128 | -€22,998 | -28.3% |
| Total equity and liabilities | 10/49 | €118,228 | €118,632 | +€404 | +0.3% |
| Equity | 10/15 | €68,748 | €40,926 | -€27,821 | -40.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,248 | €39,426 | -€27,821 | -41.4% |
| Amounts payable | 17/49 | €49,481 | €77,706 | +€28,225 | +57.0% |
| Amounts payable within one year | 42/48 | €49,481 | €77,706 | +€28,225 | +57.0% |
| Trade debts | 44 | €3,218 | €72 | -€3,146 | -97.8% |
| Suppliers | 440/4 | €3,218 | €72 | -€3,146 | -97.8% |
| Taxes, remuneration and social security | 45 | €4,780 | €9,994 | +€5,214 | +109% |
| Taxes | 450/3 | €4,780 | €9,994 | +€5,214 | +109% |
| Other amounts payable | 47/48 | €41,483 | €67,639 | +€26,156 | +63.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,100 | €9,890 | +€789 | +8.7% |
| Other operating charges | 640/8 | €2,177 | €805 | -€1,372 | -63.0% |
| Non-recurring operating charges | 66A | €862 | - | -€862 | |
| Gross operating margin | 9900 | €42,940 | €57,004 | +€14,064 | +32.8% |
| Operating profit (loss) | 9901 | €30,801 | €46,310 | +€15,509 | +50.4% |
| Financial income | 75/76B | €402 | €32 | -€370 | -92.0% |
| Recurring financial income | 75 | €402 | €32 | -€370 | -92.0% |
| Financial charges | 65/66B | €2,424 | €2,757 | +€332 | +13.7% |
| Recurring financial charges | 65 | €2,424 | €2,757 | +€332 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €28,779 | €43,585 | +€14,807 | +51.5% |
| Income taxes | 67/77 | €6,823 | €11,406 | +€4,583 | +67.2% |
| Profit (loss) for the period | 9904 | €21,955 | €32,179 | +€10,224 | +46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,955 | €32,179 | +€10,224 | +46.6% |
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 20 October 2026 via checked.be.