VDS KLINKERWERKEN: 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.
VDS KLINKERWERKEN
Largest movements
- Cash +€59,874
up €59,874 (+139%), from €42,982 to €102,857
mainly Net result for the year (+€50,836) and Receivables within one year (+€22,167)
- Receivables within one year -€22,167
down €22,167 (-27.6%), from €80,188 to €58,021
of which Trade receivables: -€19,687
- Receivables after one year -€15,969
no longer reported in 2025 (was €15,969)
- Tangible fixed assets -€3,114
down €3,114 (-19.7%), from €15,812 to €12,698
of which Leasing and similar rights: -€6,129
- Reserves +€50,836
up €50,836 (+74.7%), from €68,034 to €118,869
- Trade debts -€28,040
down €28,040 (-77.0%), from €36,408 to €8,368
- Tax, wage and social debts +€17,301
up €17,301 (+87.0%), from €19,898 to €37,199
of which Taxes: +€13,941
- Other debts -€14,982
down €14,982 (-78.9%), from €19,000 to €4,018
- Debts after one year -€3,698
no longer reported in 2025 (was €3,698)
- Gross operating margin +€35,775
up €35,775 (+71.9%), from €49,730 to €85,505
- Staff costs +€8,637
up €8,637 (+22,873%), from €38 to €8,675
- Taxes +€5,683
up €5,683 (+60.2%), from €9,443 to €15,126
- Financial charges -€1,280
down €1,280 (-41.3%), from €3,100 to €1,820
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 | €158,301 | €177,154 | +€18,852 | +11.9% |
| Fixed assets | 21/28 | €15,812 | €12,698 | -€3,114 | -19.7% |
| Tangible fixed assets | 22/27 | €15,812 | €12,698 | -€3,114 | -19.7% |
| Plant, machinery and equipment | 23 | €5,620 | €4,111 | -€1,509 | -26.8% |
| Furniture and vehicles | 24 | - | €4,523 | +€4,523 | |
| Leasing and similar rights | 25 | €10,192 | €4,063 | -€6,129 | -60.1% |
| Current assets | 29/58 | €142,489 | €164,456 | +€21,967 | +15.4% |
| Amounts receivable after more than one year | 29 | €15,969 | - | -€15,969 | |
| Other amounts receivable | 291 | €15,969 | - | -€15,969 | |
| Amounts receivable within one year | 40/41 | €80,188 | €58,021 | -€22,167 | -27.6% |
| Trade receivables | 40 | €77,708 | €58,021 | -€19,687 | -25.3% |
| Other amounts receivable | 41 | €2,480 | - | -€2,480 | |
| Cash at bank and in hand | 54/58 | €42,982 | €102,857 | +€59,874 | +139% |
| Deferred charges and accrued income | 490/1 | €3,350 | €3,578 | +€228 | +6.8% |
| Total equity and liabilities | 10/49 | €158,301 | €177,154 | +€18,852 | +11.9% |
| Equity | 10/15 | €73,034 | €123,869 | +€50,836 | +69.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €68,034 | €118,869 | +€50,836 | +74.7% |
| Distributable reserves | 133 | €68,034 | €118,869 | +€50,836 | +74.7% |
| Amounts payable | 17/49 | €85,268 | €53,284 | -€31,983 | -37.5% |
| Amounts payable after more than one year | 17 | €3,698 | - | -€3,698 | |
| Financial debts | 170/4 | €3,698 | - | -€3,698 | |
| Amounts payable within one year | 42/48 | €81,569 | €53,284 | -€28,285 | -34.7% |
| Current portion of amounts payable after more than one year | 42 | €6,263 | €3,698 | -€2,565 | -40.9% |
| Trade debts | 44 | €36,408 | €8,368 | -€28,040 | -77.0% |
| Suppliers | 440/4 | €36,408 | €8,368 | -€28,040 | -77.0% |
| Taxes, remuneration and social security | 45 | €19,898 | €37,199 | +€17,301 | +87.0% |
| Taxes | 450/3 | €19,898 | €33,839 | +€13,941 | +70.1% |
| Remuneration and social security | 454/9 | - | €3,360 | +€3,360 | |
| Other amounts payable | 47/48 | €19,000 | €4,018 | -€14,982 | -78.9% |
| Remuneration, social security and pensions | 62 | €38 | €8,675 | +€8,637 | +22,873% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,391 | €8,114 | +€723 | +9.8% |
| Other operating charges | 640/8 | €409 | €934 | +€526 | +129% |
| Gross operating margin | 9900 | €49,730 | €85,505 | +€35,775 | +71.9% |
| Operating profit (loss) | 9901 | €41,893 | €67,782 | +€25,890 | +61.8% |
| Financial income | 75/76B | €844 | €0 | -€844 | -100.0% |
| Recurring financial income | 75 | €844 | €0 | -€844 | -100.0% |
| Financial charges | 65/66B | €3,100 | €1,820 | -€1,280 | -41.3% |
| Recurring financial charges | 65 | €3,100 | €1,820 | -€1,280 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €39,636 | €65,962 | +€26,326 | +66.4% |
| Income taxes | 67/77 | €9,443 | €15,126 | +€5,683 | +60.2% |
| Profit (loss) for the period | 9904 | €30,193 | €50,836 | +€20,643 | +68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,193 | €50,836 | +€20,643 | +68.4% |
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 29 October 2026 via checked.be.