VdK-Tec: 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-Tec
Largest movements
- Cash +€36,997
up €36,997 (+46.4%), from €79,737 to €116,734
mainly Net result for the year (+€67,849) and Tax, wage and social debts (+€7,581)
- Receivables within one year +€32,674
up €32,674 (+167%), from €19,556 to €52,229
of which Other amounts receivable: +€20,960
- Reserves +€67,849
up €67,849 (+87.7%), from €77,356 to €145,205
- Tax, wage and social debts +€7,581
up €7,581 (+74.7%), from €10,142 to €17,723
- Trade debts -€2,996
down €2,996 (-45.9%), from €6,531 to €3,535
- Other debts -€2,763
no longer reported in 2025 (was €2,763)
- Gross operating margin +€15,569
up €15,569 (+20.1%), from €77,574 to €93,144
- Taxes +€7,893
up €7,893 (+48.8%), from €16,165 to €24,058
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 | €99,292 | €168,963 | +€69,671 | +70.2% |
| Current assets | 29/58 | €99,292 | €168,963 | +€69,671 | +70.2% |
| Amounts receivable within one year | 40/41 | €19,556 | €52,229 | +€32,674 | +167% |
| Trade receivables | 40 | €19,556 | €31,269 | +€11,714 | +59.9% |
| Other amounts receivable | 41 | - | €20,960 | +€20,960 | |
| Cash at bank and in hand | 54/58 | €79,737 | €116,734 | +€36,997 | +46.4% |
| Total equity and liabilities | 10/49 | €99,292 | €168,963 | +€69,671 | +70.2% |
| Equity | 10/15 | €79,856 | €147,705 | +€67,849 | +85.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €77,356 | €145,205 | +€67,849 | +87.7% |
| Distributable reserves | 133 | €77,356 | €145,205 | +€67,849 | +87.7% |
| Amounts payable | 17/49 | €19,436 | €21,258 | +€1,822 | +9.4% |
| Amounts payable within one year | 42/48 | €19,436 | €21,258 | +€1,822 | +9.4% |
| Trade debts | 44 | €6,531 | €3,535 | -€2,996 | -45.9% |
| Suppliers | 440/4 | €6,531 | €3,535 | -€2,996 | -45.9% |
| Taxes, remuneration and social security | 45 | €10,142 | €17,723 | +€7,581 | +74.7% |
| Taxes | 450/3 | €10,142 | €17,723 | +€7,581 | +74.7% |
| Other amounts payable | 47/48 | €2,763 | - | -€2,763 | |
| Non-recurring operating income | 76A | - | €262 | +€262 | |
| Other operating charges | 640/8 | €1,510 | €1,694 | +€184 | +12.2% |
| Gross operating margin | 9900 | €77,574 | €93,144 | +€15,569 | +20.1% |
| Operating profit (loss) | 9901 | €76,064 | €91,450 | +€15,386 | +20.2% |
| Financial income | 75/76B | €349 | €676 | +€327 | +93.5% |
| Recurring financial income | 75 | €349 | €676 | +€327 | +93.5% |
| Financial charges | 65/66B | €106 | €219 | +€114 | +108% |
| Recurring financial charges | 65 | €106 | €219 | +€114 | +108% |
| Profit (loss) for the period before taxes | 9903 | €76,308 | €91,907 | +€15,599 | +20.4% |
| Income taxes | 67/77 | €16,165 | €24,058 | +€7,893 | +48.8% |
| Profit (loss) for the period | 9904 | €60,143 | €67,849 | +€7,706 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,143 | €67,849 | +€7,706 | +12.8% |
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 14 October 2026 via checked.be.