VDK-Technix: 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-Technix
Largest movements
- Receivables within one year +€650,527
up €650,527 (+139.1%), from €467,708 to €1.1m
of which Trade receivables: +€667,812
- Cash +€219,470
up €219,470 (+38.1%), from €576,288 to €795,758
mainly Trade debts (+€762,993) and Net result for the year (+€277,372)
- Stocks and contracts +€155,153
up €155,153 (+29.6%), from €523,709 to €678,862
of which Stocks: +€122,475
- Tangible fixed assets -€60,281
down €60,281 (-21.8%), from €276,961 to €216,681
of which Other tangible fixed assets: -€64,822
- Trade debts +€762,993
up €762,993 (+250.4%), from €304,770 to €1.1m
- Profit (loss) carried forward +€277,372
up €277,372 (+92.9%), from €298,610 to €575,982
- Tax, wage and social debts +€97,340
up €97,340 (+211.5%), from €46,021 to €143,362
of which Taxes: +€98,793
- Current portion of long-term debt -€93,398
down €93,398 (-51.2%), from €182,257 to €88,860
- Debts after one year -€88,860
down €88,860 (-20.3%), from €436,854 to €347,994
- Gross operating margin -€46,018
down €46,018 (-8.3%), from €554,351 to €508,333
- Financial charges -€10,928
down €10,928 (-54.0%), from €20,223 to €9,295
- Write-downs -€10,392
down €10,392 (-100.0%), from €10,392 to €0
- Staff costs -€9,226
down €9,226 (-14.6%), from €63,174 to €53,948
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 | €1,856,792 | €2,823,956 | +€967,164 | +52.1% |
| Fixed assets | 21/28 | €277,038 | €216,681 | -€60,357 | -21.8% |
| Intangible fixed assets | 21 | €77 | €0 | -€77 | -100.0% |
| Tangible fixed assets | 22/27 | €276,961 | €216,681 | -€60,281 | -21.8% |
| Land and buildings | 22 | €14,357 | €11,870 | -€2,487 | -17.3% |
| Plant, machinery and equipment | 23 | €17,770 | €24,036 | +€6,267 | +35.3% |
| Furniture and vehicles | 24 | €2,853 | €3,616 | +€762 | +26.7% |
| Other tangible fixed assets | 26 | €241,981 | €177,158 | -€64,822 | -26.8% |
| Current assets | 29/58 | €1,579,754 | €2,607,276 | +€1.0m | +65.0% |
| Stocks and contracts in progress | 3 | €523,709 | €678,862 | +€155,153 | +29.6% |
| Stocks | 30/36 | €495,467 | €617,942 | +€122,475 | +24.7% |
| Contracts in progress | 37 | €28,243 | €60,921 | +€32,678 | +115.7% |
| Amounts receivable within one year | 40/41 | €467,708 | €1,118,235 | +€650,527 | +139.1% |
| Trade receivables | 40 | €449,032 | €1,116,844 | +€667,812 | +148.7% |
| Other amounts receivable | 41 | €18,675 | €1,390 | -€17,285 | -92.6% |
| Cash at bank and in hand | 54/58 | €576,288 | €795,758 | +€219,470 | +38.1% |
| Deferred charges and accrued income | 490/1 | €12,049 | €14,421 | +€2,372 | +19.7% |
| Total equity and liabilities | 10/49 | €1,856,792 | €2,823,956 | +€967,164 | +52.1% |
| Equity | 10/15 | €864,303 | €1,141,675 | +€277,372 | +32.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €547,093 | €547,093 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €528,343 | €528,343 | = | 0.0% |
| Profit (loss) carried forward | 14 | €298,610 | €575,982 | +€277,372 | +92.9% |
| Amounts payable | 17/49 | €992,489 | €1,682,281 | +€689,792 | +69.5% |
| Amounts payable after more than one year | 17 | €436,854 | €347,994 | -€88,860 | -20.3% |
| Financial debts | 170/4 | €436,854 | €347,994 | -€88,860 | -20.3% |
| Amounts payable within one year | 42/48 | €554,386 | €1,333,037 | +€778,652 | +140.5% |
| Current portion of amounts payable after more than one year | 42 | €182,257 | €88,860 | -€93,398 | -51.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €304,770 | €1,067,763 | +€762,993 | +250.4% |
| Suppliers | 440/4 | €304,770 | €1,067,763 | +€762,993 | +250.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €46,021 | €143,362 | +€97,340 | +211.5% |
| Taxes | 450/3 | €36,933 | €135,726 | +€98,793 | +267.5% |
| Remuneration and social security | 454/9 | €9,088 | €7,636 | -€1,452 | -16.0% |
| Other amounts payable | 47/48 | €21,337 | €33,053 | +€11,716 | +54.9% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Non-recurring operating income | 76A | €65,537 | €0 | -€65,537 | -100.0% |
| Remuneration, social security and pensions | 62 | €63,174 | €53,948 | -€9,226 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,324 | €75,351 | +€5,026 | +7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,392 | €0 | -€10,392 | -100.0% |
| Other operating charges | 640/8 | €1,116 | €2,899 | +€1,782 | +159.7% |
| Gross operating margin | 9900 | €554,351 | €508,333 | -€46,018 | -8.3% |
| Operating profit (loss) | 9901 | €409,344 | €376,136 | -€33,209 | -8.1% |
| Financial income | 75/76B | €2,014 | €3,036 | +€1,022 | +50.8% |
| Recurring financial income | 75 | €2,014 | €3,036 | +€1,022 | +50.8% |
| Financial charges | 65/66B | €20,223 | €9,295 | -€10,928 | -54.0% |
| Recurring financial charges | 65 | €20,223 | €9,295 | -€10,928 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | €391,136 | €369,877 | -€21,259 | -5.4% |
| Income taxes | 67/77 | €92,526 | €92,505 | -€21 | 0.0% |
| Profit (loss) for the period | 9904 | €298,610 | €277,372 | -€21,238 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €298,610 | €277,372 | -€21,238 | -7.1% |
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 3 October 2026 via checked.be.