VDK-Technics: what changed
Two fiscal 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-Technics
Largest movements
- Receivables within one year -€36,545
down €36,545 (-54.9%), from €66,619 to €30,075
of which Trade receivables: -€38,587
- Cash +€28,745
up €28,745 (+46.9%), from €61,276 to €90,021
mainly Receivables within one year (+€36,545) and Depreciation (+€19,416)
- Tangible fixed assets -€19,089
down €19,089 (-12.4%), from €153,737 to €134,648
of which Land and buildings: -€11,994
- Trade debts -€16,058
down €16,058 (-77.5%), from €20,721 to €4,663
- Debts after one year -€14,228
down €14,228 (-15.6%), from €91,086 to €76,859
- Profit (loss) carried forward +€12,224
up €12,224 (+56.4%), from -€21,691 to -€9,467
- Reserves -€6,520
down €6,520 (-6.8%), from €96,069 to €89,549
- Tax, wage and social debts -€4,905
down €4,905 (-64.5%), from €7,603 to €2,698
of which Remuneration and social security: -€7,331
- Staff costs -€118,747
down €118,747, from €117,227 to -€1,520
- Gross operating margin -€91,822
down €91,822 (-70.2%), from €130,806 to €38,984
- Provisions +€9,704
no longer reported in 2025 (was -€9,704)
- Depreciation -€7,074
down €7,074 (-26.7%), from €26,490 to €19,416
- Financial charges +€6,002
up €6,002 (+265.9%), from €2,257 to €8,259
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.
Cash bridge derived
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 | €289,093 | €263,386 | -€25,706 | -8.9% |
| Fixed assets | 21/28 | €153,737 | €134,648 | -€19,089 | -12.4% |
| Tangible fixed assets | 22/27 | €153,737 | €134,648 | -€19,089 | -12.4% |
| Land and buildings | 22 | €141,027 | €129,033 | -€11,994 | -8.5% |
| Plant, machinery and equipment | 23 | €997 | €496 | -€501 | -50.2% |
| Furniture and vehicles | 24 | €8,354 | €2,822 | -€5,532 | -66.2% |
| Other tangible fixed assets | 26 | €3,358 | €2,296 | -€1,062 | -31.6% |
| Current assets | 29/58 | €135,356 | €128,739 | -€6,617 | -4.9% |
| Stocks and contracts in progress | 3 | €5,585 | €6,249 | +€664 | +11.9% |
| Stocks | 30/36 | €5,585 | €6,249 | +€664 | +11.9% |
| Amounts receivable within one year | 40/41 | €66,619 | €30,075 | -€36,545 | -54.9% |
| Trade receivables | 40 | €56,041 | €17,454 | -€38,587 | -68.9% |
| Other amounts receivable | 41 | €10,578 | €12,621 | +€2,043 | +19.3% |
| Cash at bank and in hand | 54/58 | €61,276 | €90,021 | +€28,745 | +46.9% |
| Deferred charges and accrued income | 490/1 | €1,876 | €2,394 | +€519 | +27.7% |
| Total equity and liabilities | 10/49 | €289,093 | €263,386 | -€25,706 | -8.9% |
| Equity | 10/15 | €149,420 | €155,125 | +€5,705 | +3.8% |
| Contributions | 10/11 | €75,042 | €75,042 | = | 0.0% |
| Reserves | 13 | €96,069 | €89,549 | -€6,520 | -6.8% |
| Distributable reserves | 133 | €96,069 | €89,549 | -€6,520 | -6.8% |
| Profit (loss) carried forward | 14 | -€21,691 | -€9,467 | +€12,224 | +56.4% |
| Provisions and deferred taxes | 16 | €3,500 | €3,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €3,500 | €3,500 | = | 0.0% |
| Environmental obligations | 163 | €3,500 | €3,500 | = | 0.0% |
| Amounts payable | 17/49 | €136,172 | €104,761 | -€31,411 | -23.1% |
| Amounts payable after more than one year | 17 | €91,086 | €76,859 | -€14,228 | -15.6% |
| Financial debts | 170/4 | €91,086 | €76,859 | -€14,228 | -15.6% |
| Amounts payable within one year | 42/48 | €45,086 | €27,903 | -€17,184 | -38.1% |
| Current portion of amounts payable after more than one year | 42 | €13,608 | €14,022 | +€414 | +3.0% |
| Trade debts | 44 | €20,721 | €4,663 | -€16,058 | -77.5% |
| Suppliers | 440/4 | €20,721 | €4,663 | -€16,058 | -77.5% |
| Taxes, remuneration and social security | 45 | €7,603 | €2,698 | -€4,905 | -64.5% |
| Taxes | 450/3 | €271 | €2,698 | +€2,427 | +894.5% |
| Remuneration and social security | 454/9 | €7,331 | - | -€7,331 | |
| Other amounts payable | 47/48 | €3,155 | €6,520 | +€3,365 | +106.7% |
| Non-recurring operating income | 76A | - | €9,551 | +€9,551 | |
| Remuneration, social security and pensions | 62 | €117,227 | -€1,520 | -€118,747 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,490 | €19,416 | -€7,074 | -26.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,990 | €166 | +€2,156 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€9,704 | - | +€9,704 | |
| Other operating charges | 640/8 | €2,383 | €2,040 | -€343 | -14.4% |
| Gross operating margin | 9900 | €130,806 | €38,984 | -€91,822 | -70.2% |
| Operating profit (loss) | 9901 | -€3,600 | €18,883 | +€22,482 | |
| Financial income | 75/76B | €66 | €1,752 | +€1,687 | +2563.5% |
| Recurring financial income | 75 | €66 | €1,752 | +€1,687 | +2563.5% |
| Financial charges | 65/66B | €2,257 | €8,259 | +€6,002 | +265.9% |
| Recurring financial charges | 65 | €2,257 | €8,259 | +€6,002 | +265.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,791 | €12,376 | +€18,167 | |
| Income taxes | 67/77 | €145 | €151 | +€6 | +4.3% |
| Profit (loss) for the period | 9904 | -€5,936 | €12,224 | +€18,161 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,936 | €12,224 | +€18,161 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.