VDKpaints: 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.
VDKpaints
Largest movements
- Cash +€11,829
up €11,829 (+112%), from €10,547 to €22,376
mainly Net result for the year (+€24,468) and Trade debts (+€3,807)
- Receivables within one year +€8,116
up €8,116 (+61.9%), from €13,121 to €21,236
of which Trade receivables: +€14,067
- Deferred charges and accrued income +€5,641
up €5,641 (+5,206%), from €108 to €5,749
- Tangible fixed assets -€3,566
down €3,566 (-22.8%), from €15,642 to €12,076
of which Leasing and similar rights: -€2,369
- Reserves +€24,468
up €24,468 (+266%), from €9,184 to €33,651
- Debts after one year -€4,884
no longer reported in 2025 (was €4,884)
- Trade debts +€3,807
up €3,807 (+24.8%), from €15,363 to €19,170
- Other debts -€3,052
no longer reported in 2025 (was €3,052)
- Tax, wage and social debts +€1,955
up €1,955 (+46.8%), from €4,176 to €6,132
of which Taxes: +€4,255
- Gross operating margin +€27,604
up €27,604 (+205%), from €13,468 to €41,072
- Taxes +€5,540
up €5,540 (+241%), from €2,296 to €7,836
- Other operating charges +€3,084
up €3,084 (+540%), from €571 to €3,654
- Depreciation +€2,847
up €2,847 (+396%), from €719 to €3,566
- Financial charges +€883
up €883 (+126%), from €698 to €1,581
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 | €41,918 | €63,937 | +€22,019 | +52.5% |
| Fixed assets | 21/28 | €15,642 | €12,076 | -€3,566 | -22.8% |
| Tangible fixed assets | 22/27 | €15,642 | €12,076 | -€3,566 | -22.8% |
| Plant, machinery and equipment | 23 | €3,013 | €1,947 | -€1,065 | -35.4% |
| Leasing and similar rights | 25 | €11,437 | €9,068 | -€2,369 | -20.7% |
| Other tangible fixed assets | 26 | €1,193 | €1,061 | -€132 | -11.1% |
| Current assets | 29/58 | €26,276 | €51,861 | +€25,585 | +97.4% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,121 | €21,236 | +€8,116 | +61.9% |
| Trade receivables | 40 | €2,488 | €16,555 | +€14,067 | +565% |
| Other amounts receivable | 41 | €10,632 | €4,681 | -€5,951 | -56.0% |
| Cash at bank and in hand | 54/58 | €10,547 | €22,376 | +€11,829 | +112% |
| Deferred charges and accrued income | 490/1 | €108 | €5,749 | +€5,641 | +5,206% |
| Total equity and liabilities | 10/49 | €41,918 | €63,937 | +€22,019 | +52.5% |
| Equity | 10/15 | €9,284 | €33,751 | +€24,468 | +264% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €9,184 | €33,651 | +€24,468 | +266% |
| Distributable reserves | 133 | €9,184 | €33,651 | +€24,468 | +266% |
| Amounts payable | 17/49 | €32,635 | €30,186 | -€2,449 | -7.5% |
| Amounts payable after more than one year | 17 | €4,884 | - | -€4,884 | |
| Financial debts | 170/4 | €4,884 | - | -€4,884 | |
| Amounts payable within one year | 42/48 | €27,751 | €30,186 | +€2,435 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €5,159 | €4,884 | -€275 | -5.3% |
| Trade debts | 44 | €15,363 | €19,170 | +€3,807 | +24.8% |
| Suppliers | 440/4 | €15,363 | €19,170 | +€3,807 | +24.8% |
| Taxes, remuneration and social security | 45 | €4,176 | €6,132 | +€1,955 | +46.8% |
| Taxes | 450/3 | €1,876 | €6,132 | +€4,255 | +227% |
| Remuneration and social security | 454/9 | €2,300 | - | -€2,300 | |
| Other amounts payable | 47/48 | €3,052 | - | -€3,052 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €719 | €3,566 | +€2,847 | +396% |
| Other operating charges | 640/8 | €571 | €3,654 | +€3,084 | +540% |
| Gross operating margin | 9900 | €13,468 | €41,072 | +€27,604 | +205% |
| Operating profit (loss) | 9901 | €12,178 | €33,851 | +€21,673 | +178% |
| Financial income | 75/76B | - | €33 | +€33 | |
| Recurring financial income | 75 | - | €33 | +€33 | |
| Financial charges | 65/66B | €698 | €1,581 | +€883 | +126% |
| Recurring financial charges | 65 | €698 | €1,581 | +€883 | +126% |
| Profit (loss) for the period before taxes | 9903 | €11,479 | €32,303 | +€20,824 | +181% |
| Income taxes | 67/77 | €2,296 | €7,836 | +€5,540 | +241% |
| Profit (loss) for the period | 9904 | €9,184 | €24,468 | +€15,284 | +166% |
| Profit (loss) for the period to be appropriated | 9905 | €9,184 | €24,468 | +€15,284 | +166% |
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 28 October 2026 via checked.be.