VDKS: 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.
VDKS
Largest movements
- Tangible fixed assets +€726,667
up €726,667 (+1679.3%), from €43,271 to €769,938
- Current assets +€42,302
up €42,302 (+9.5%), from €445,865 to €488,167
- Equity +€521,818
up €521,818 (+144.4%), from €361,328 to €883,146
of which Reserves: +€521,818
- Debts within one year +€247,151
up €247,151 (+193.4%), from €127,808 to €374,959
- Gross operating margin +€398,709
up €398,709 (+104.3%), from €382,302 to €781,011
- Taxes +€113,939
up €113,939 (+91.9%), from €123,939 to €237,878
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €489,136 | €1,258,105 | +€768,969 | +157.2% |
| Fixed assets | 21/28 | €43,271 | €769,938 | +€726,667 | +1679.3% |
| Tangible fixed assets | 22/27 | €43,271 | €769,938 | +€726,667 | +1679.3% |
| Current assets | 29/58 | €445,865 | €488,167 | +€42,302 | +9.5% |
| Cash at bank and in hand | 54/58 | €444,460 | €485,242 | +€40,782 | +9.2% |
| Total equity and liabilities | 10/49 | €489,136 | €1,258,105 | +€768,969 | +157.2% |
| Equity | 10/15 | €361,328 | €883,146 | +€521,818 | +144.4% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €342,728 | €864,546 | +€521,818 | +152.3% |
| Amounts payable | 17/49 | €127,808 | €374,959 | +€247,151 | +193.4% |
| Amounts payable within one year | 42/48 | €127,808 | €374,959 | +€247,151 | +193.4% |
| Trade debts | 44 | - | €215 | +€215 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,482 | €18,986 | +€4,504 | +31.1% |
| Gross operating margin | 9900 | €382,302 | €781,011 | +€398,709 | +104.3% |
| Operating profit (loss) | 9901 | €367,322 | €761,249 | +€393,927 | +107.2% |
| Recurring financial income | 75 | - | €47 | +€47 | |
| Recurring financial charges | 65 | €65 | - | -€65 | |
| Profit (loss) for the period before taxes | 9903 | €367,257 | €761,296 | +€394,039 | +107.3% |
| Income taxes | 67/77 | €123,939 | €237,878 | +€113,939 | +91.9% |
| Profit (loss) for the period | 9904 | €243,318 | €523,418 | +€280,100 | +115.1% |
| Profit (loss) for the period to be appropriated | 9905 | €243,318 | €523,418 | +€280,100 | +115.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.