VDM WOODCONSTRUCT: 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 WOODCONSTRUCT
Largest movements
- Receivables within one year +€219,566
up €219,566 (+388.3%), from €56,552 to €276,118
of which Trade receivables: +€221,104
- Cash -€98,348
down €98,348 (-31.8%), from €309,138 to €210,790
mainly Receivables within one year (-€219,566) and Contributions, distributions and other (-€200,000)
- Stocks and contracts +€13,687
up €13,687 (+12.4%), from €110,378 to €124,065
- Tangible fixed assets -€8,237
down €8,237 (-31.8%), from €25,878 to €17,641
of which Plant, machinery and equipment: -€6,457
- Other debts +€181,026
up €181,026 (+339.1%), from €53,378 to €234,404
- Tax, wage and social debts -€22,831
down €22,831 (-37.8%), from €60,326 to €37,495
of which Taxes: -€22,091
- Profit (loss) carried forward -€22,538
down €22,538 (-14.1%), from €159,915 to €137,377
- Staff costs -€17,323
down €17,323 (-66.0%), from €26,266 to €8,943
- Gross operating margin -€6,571
down €6,571 (-2.6%), from €257,517 to €250,946
- Financial charges -€5,576
down €5,576 (-52.8%), from €10,566 to €4,990
- Taxes +€4,884
up €4,884 (+10.1%), from €48,462 to €53,346
- Depreciation -€3,961
down €3,961 (-37.7%), from €10,514 to €6,553
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 | €505,410 | €633,830 | +€128,420 | +25.4% |
| Fixed assets | 21/28 | €25,878 | €17,641 | -€8,237 | -31.8% |
| Tangible fixed assets | 22/27 | €25,878 | €17,641 | -€8,237 | -31.8% |
| Plant, machinery and equipment | 23 | €17,543 | €11,086 | -€6,457 | -36.8% |
| Furniture and vehicles | 24 | €8,335 | €6,555 | -€1,780 | -21.4% |
| Current assets | 29/58 | €479,532 | €616,189 | +€136,657 | +28.5% |
| Stocks and contracts in progress | 3 | €110,378 | €124,065 | +€13,687 | +12.4% |
| Stocks | 30/36 | €110,378 | €124,065 | +€13,687 | +12.4% |
| Amounts receivable within one year | 40/41 | €56,552 | €276,118 | +€219,566 | +388.3% |
| Trade receivables | 40 | €55,014 | €276,118 | +€221,104 | +401.9% |
| Other amounts receivable | 41 | €1,538 | - | -€1,538 | |
| Cash at bank and in hand | 54/58 | €309,138 | €210,790 | -€98,348 | -31.8% |
| Deferred charges and accrued income | 490/1 | €3,464 | €5,216 | +€1,752 | +50.6% |
| Total equity and liabilities | 10/49 | €505,410 | €633,830 | +€128,420 | +25.4% |
| Equity | 10/15 | €368,915 | €346,377 | -€22,538 | -6.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €199,000 | €199,000 | = | 0.0% |
| Distributable reserves | 133 | €199,000 | €199,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €159,915 | €137,377 | -€22,538 | -14.1% |
| Amounts payable | 17/49 | €136,495 | €287,453 | +€150,958 | +110.6% |
| Amounts payable within one year | 42/48 | €131,187 | €285,043 | +€153,856 | +117.3% |
| Trade debts | 44 | €17,483 | €13,144 | -€4,339 | -24.8% |
| Suppliers | 440/4 | €13,020 | €13,144 | +€124 | +1.0% |
| Bills of exchange payable | 441 | €4,463 | - | -€4,463 | |
| Taxes, remuneration and social security | 45 | €60,326 | €37,495 | -€22,831 | -37.8% |
| Taxes | 450/3 | €56,686 | €34,595 | -€22,091 | -39.0% |
| Remuneration and social security | 454/9 | €3,640 | €2,900 | -€740 | -20.3% |
| Other amounts payable | 47/48 | €53,378 | €234,404 | +€181,026 | +339.1% |
| Accrued charges and deferred income | 492/3 | €5,308 | €2,410 | -€2,898 | -54.6% |
| Remuneration, social security and pensions | 62 | €26,266 | €8,943 | -€17,323 | -66.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,514 | €6,553 | -€3,961 | -37.7% |
| Other operating charges | 640/8 | €2,600 | €2,160 | -€440 | -16.9% |
| Gross operating margin | 9900 | €257,517 | €250,946 | -€6,571 | -2.6% |
| Operating profit (loss) | 9901 | €218,137 | €233,290 | +€15,153 | +6.9% |
| Financial income | 75/76B | - | €2,508 | +€2,508 | |
| Recurring financial income | 75 | - | €2,508 | +€2,508 | |
| Financial charges | 65/66B | €10,566 | €4,990 | -€5,576 | -52.8% |
| Recurring financial charges | 65 | €10,566 | €4,990 | -€5,576 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | €207,571 | €230,808 | +€23,237 | +11.2% |
| Income taxes | 67/77 | €48,462 | €53,346 | +€4,884 | +10.1% |
| Profit (loss) for the period | 9904 | €159,109 | €177,462 | +€18,353 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €159,109 | €177,462 | +€18,353 | +11.5% |
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 10 October 2026 via checked.be.