VdS Wood Technics: 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 Wood Technics
Largest movements
- Receivables within one year +€20,924
up €20,924 (+50.1%), from €41,762 to €62,686
of which Trade receivables: +€13,854
- Tangible fixed assets +€13,905
up €13,905 (+12.5%), from €111,248 to €125,153
of which Plant, machinery and equipment: +€11,831
- Cash -€13,651
down €13,651 (-12.9%), from €105,588 to €91,936
mainly Contributions, distributions and other (-€59,440) and Investment in fixed assets (net) (-€52,060)
- Stocks and contracts +€5,068
up €5,068 (+33.5%), from €15,106 to €20,174
- Other debts +€56,940
up €56,940 (+2,001%), from €2,845 to €59,785
- Debts after one year -€27,903
down €27,903 (-24.4%), from €114,529 to €86,626
- Tax, wage and social debts -€8,280
no longer reported in 2025 (was €8,280)
- Trade debts +€4,868
up €4,868 (+73.1%), from €6,660 to €11,527
- Gross operating margin +€56,761
up €56,761 (+93.8%), from €60,510 to €117,271
- Taxes +€13,346
up €13,346 (+708%), from €1,884 to €15,230
- Depreciation -€5,891
down €5,891 (-13.4%), from €44,056 to €38,165
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 | €277,214 | €303,664 | +€26,450 | +9.5% |
| Fixed assets | 21/28 | €111,293 | €125,188 | +€13,895 | +12.5% |
| Intangible fixed assets | 21 | €45 | €35 | -€10 | -22.2% |
| Tangible fixed assets | 22/27 | €111,248 | €125,153 | +€13,905 | +12.5% |
| Plant, machinery and equipment | 23 | €8,140 | €19,971 | +€11,831 | +145% |
| Furniture and vehicles | 24 | €103,108 | €105,181 | +€2,073 | +2.0% |
| Current assets | 29/58 | €165,921 | €178,476 | +€12,555 | +7.6% |
| Stocks and contracts in progress | 3 | €15,106 | €20,174 | +€5,068 | +33.5% |
| Stocks | 30/36 | €15,106 | €20,174 | +€5,068 | +33.5% |
| Amounts receivable within one year | 40/41 | €41,762 | €62,686 | +€20,924 | +50.1% |
| Trade receivables | 40 | €33,288 | €47,142 | +€13,854 | +41.6% |
| Other amounts receivable | 41 | €8,473 | €15,543 | +€7,070 | +83.4% |
| Cash at bank and in hand | 54/58 | €105,588 | €91,936 | -€13,651 | -12.9% |
| Deferred charges and accrued income | 490/1 | €3,465 | €3,680 | +€215 | +6.2% |
| Total equity and liabilities | 10/49 | €277,214 | €303,664 | +€26,450 | +9.5% |
| Equity | 10/15 | €117,823 | €117,823 | = | 0.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €102,693 | €102,693 | = | 0.0% |
| Distributable reserves | 133 | €102,693 | €102,693 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131 | €131 | = | 0.0% |
| Amounts payable | 17/49 | €159,390 | €185,841 | +€26,450 | +16.6% |
| Amounts payable after more than one year | 17 | €114,529 | €86,626 | -€27,903 | -24.4% |
| Financial debts | 170/4 | €114,529 | €86,626 | -€27,903 | -24.4% |
| Amounts payable within one year | 42/48 | €44,862 | €99,215 | +€54,353 | +121% |
| Current portion of amounts payable after more than one year | 42 | €27,077 | €27,903 | +€825 | +3.0% |
| Trade debts | 44 | €6,660 | €11,527 | +€4,868 | +73.1% |
| Suppliers | 440/4 | €6,660 | €11,527 | +€4,868 | +73.1% |
| Taxes, remuneration and social security | 45 | €8,280 | - | -€8,280 | |
| Taxes | 450/3 | €8,280 | - | -€8,280 | |
| Other amounts payable | 47/48 | €2,845 | €59,785 | +€56,940 | +2,001% |
| Non-recurring operating income | 76A | €600 | €86 | -€514 | -85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,056 | €38,165 | -€5,891 | -13.4% |
| Other operating charges | 640/8 | €1,354 | €705 | -€649 | -47.9% |
| Gross operating margin | 9900 | €60,510 | €117,271 | +€56,761 | +93.8% |
| Operating profit (loss) | 9901 | €15,100 | €78,401 | +€63,301 | +419% |
| Financial income | 75/76B | €83 | €164 | +€81 | +97.7% |
| Recurring financial income | 75 | €83 | €164 | +€81 | +97.7% |
| Financial charges | 65/66B | €3,947 | €3,894 | -€53 | -1.3% |
| Recurring financial charges | 65 | €3,947 | €3,894 | -€53 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €11,235 | €74,670 | +€63,435 | +565% |
| Income taxes | 67/77 | €1,884 | €15,230 | +€13,346 | +708% |
| Profit (loss) for the period | 9904 | €9,351 | €59,440 | +€50,089 | +536% |
| Profit (loss) for the period to be appropriated | 9905 | €9,351 | €59,440 | +€50,089 | +536% |
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.