VDM Metaal: 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.
VDM Metaal
Largest movements
- Cash +€42,780
up €42,780 (+31.3%), from €136,467 to €179,247
mainly Net result for the year (+€220,278) and Other debts (+€60,744)
- Receivables within one year -€42,673
down €42,673 (-25.4%), from €168,212 to €125,539
of which Trade receivables: -€47,063
- Stocks and contracts +€25,511
up €25,511 (+39.4%), from €64,804 to €90,315
of which Contracts in progress: +€25,000
- Tangible fixed assets +€23,901
up €23,901 (+56.2%), from €42,499 to €66,400
of which Plant, machinery and equipment: +€21,009
- Other debts +€60,744
up €60,744 (+49.9%), from €121,738 to €182,482
- Trade debts -€39,347
down €39,347 (-59.3%), from €66,338 to €26,991
- Reserves +€38,278
up €38,278 (+20.0%), from €191,253 to €229,531
- Tax, wage and social debts -€10,578
down €10,578 (-71.3%), from €14,833 to €4,255
of which Taxes: -€11,354
- Gross operating margin +€71,471
up €71,471 (+35.1%), from €203,653 to €275,125
- Write-downs -€33,786
down €33,786 (-100%), from €33,786 to €0
- Taxes +€8,052
up €8,052 (+213%), from €3,786 to €11,839
- Depreciation +€5,763
up €5,763 (+59.0%), from €9,768 to €15,530
- Staff costs +€4,900
up €4,900 (+22.2%), from €22,050 to €26,950
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 | €412,762 | €461,858 | +€49,097 | +11.9% |
| Fixed assets | 21/28 | €43,279 | €66,758 | +€23,479 | +54.3% |
| Intangible fixed assets | 21 | €780 | €358 | -€422 | -54.1% |
| Tangible fixed assets | 22/27 | €42,499 | €66,400 | +€23,901 | +56.2% |
| Plant, machinery and equipment | 23 | €23,527 | €44,536 | +€21,009 | +89.3% |
| Furniture and vehicles | 24 | €12,865 | €6,781 | -€6,083 | -47.3% |
| Other tangible fixed assets | 26 | €6,107 | €15,083 | +€8,976 | +147% |
| Current assets | 29/58 | €369,483 | €395,100 | +€25,618 | +6.9% |
| Stocks and contracts in progress | 3 | €64,804 | €90,315 | +€25,511 | +39.4% |
| Stocks | 30/36 | €39,804 | €40,315 | +€511 | +1.3% |
| Contracts in progress | 37 | €25,000 | €50,000 | +€25,000 | +100% |
| Amounts receivable within one year | 40/41 | €168,212 | €125,539 | -€42,673 | -25.4% |
| Trade receivables | 40 | €148,765 | €101,702 | -€47,063 | -31.6% |
| Other amounts receivable | 41 | €19,447 | €23,837 | +€4,390 | +22.6% |
| Cash at bank and in hand | 54/58 | €136,467 | €179,247 | +€42,780 | +31.3% |
| Total equity and liabilities | 10/49 | €412,762 | €461,858 | +€49,097 | +11.9% |
| Equity | 10/15 | €209,853 | €248,131 | +€38,278 | +18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €191,253 | €229,531 | +€38,278 | +20.0% |
| Distributable reserves | 133 | €191,253 | €229,531 | +€38,278 | +20.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €202,909 | €213,727 | +€10,818 | +5.3% |
| Amounts payable within one year | 42/48 | €202,909 | €213,727 | +€10,818 | +5.3% |
| Trade debts | 44 | €66,338 | €26,991 | -€39,347 | -59.3% |
| Suppliers | 440/4 | €66,338 | €26,991 | -€39,347 | -59.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €14,833 | €4,255 | -€10,578 | -71.3% |
| Taxes | 450/3 | €11,354 | €0 | -€11,354 | -100% |
| Remuneration and social security | 454/9 | €3,479 | €4,255 | +€776 | +22.3% |
| Other amounts payable | 47/48 | €121,738 | €182,482 | +€60,744 | +49.9% |
| Remuneration, social security and pensions | 62 | €22,050 | €26,950 | +€4,900 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,768 | €15,530 | +€5,763 | +59.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €33,786 | €0 | -€33,786 | -100% |
| Other operating charges | 640/8 | €1,790 | €1,161 | -€629 | -35.2% |
| Gross operating margin | 9900 | €203,653 | €275,125 | +€71,471 | +35.1% |
| Operating profit (loss) | 9901 | €136,260 | €231,483 | +€95,223 | +69.9% |
| Financial income | 75/76B | €1,032 | €1,209 | +€177 | +17.2% |
| Recurring financial income | 75 | €1,032 | €1,209 | +€177 | +17.2% |
| Financial charges | 65/66B | €139 | €575 | +€437 | +315% |
| Recurring financial charges | 65 | €139 | €575 | +€437 | +315% |
| Profit (loss) for the period before taxes | 9903 | €137,153 | €232,117 | +€94,964 | +69.2% |
| Income taxes | 67/77 | €3,786 | €11,839 | +€8,052 | +213% |
| Profit (loss) for the period | 9904 | €133,367 | €220,278 | +€86,911 | +65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €133,367 | €220,278 | +€86,911 | +65.2% |
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 23 October 2026 via checked.be.