VDV Dakwerken: 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.
VDV Dakwerken
Largest movements
- Cash -€41,197
down €41,197 (-97.1%), from €42,446 to €1,249
mainly Stocks and contracts (-€34,802) and Trade debts (-€9,970)
- Stocks and contracts +€34,802
new in 2025: €34,802
- Tangible fixed assets -€15,943
down €15,943 (-34.3%), from €46,516 to €30,573
of which Furniture and vehicles: -€8,932
- Deferred charges and accrued income +€6,856
up €6,856 (+129%), from €5,316 to €12,172
- Receivables within one year +€6,143
up €6,143 (+6.4%), from €95,593 to €101,737
of which Other amounts receivable: +€24,002
- Trade debts -€9,970
down €9,970 (-13.5%), from €73,715 to €63,745
- Profit (loss) carried forward +€6,258
up €6,258 (+1,160%), from €540 to €6,797
- Debts after one year -€5,100
down €5,100 (-62.2%), from €8,193 to €3,093
- Tax, wage and social debts -€3,691
down €3,691 (-12.9%), from €28,669 to €24,978
of which Remuneration and social security: -€9,332
- Other debts +€3,000
new in 2025: €3,000
- Gross operating margin -€84,803
down €84,803 (-47.5%), from €178,663 to €93,860
- Taxes -€14,924
down €14,924 (-77.8%), from €19,187 to €4,263
- Staff costs -€10,551
down €10,551 (-15.4%), from €68,567 to €58,016
- Financial charges +€6,704
up €6,704 (+299%), from €2,245 to €8,949
- Other operating charges -€4,566
down €4,566 (-52.9%), from €8,634 to €4,068
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 | €191,972 | €182,714 | -€9,258 | -4.8% |
| Fixed assets | 21/28 | €48,616 | €32,753 | -€15,863 | -32.6% |
| Tangible fixed assets | 22/27 | €46,516 | €30,573 | -€15,943 | -34.3% |
| Plant, machinery and equipment | 23 | €16,901 | €9,889 | -€7,011 | -41.5% |
| Furniture and vehicles | 24 | €29,615 | €20,683 | -€8,932 | -30.2% |
| Financial fixed assets | 28 | €2,100 | €2,180 | +€80 | +3.8% |
| Current assets | 29/58 | €143,356 | €149,961 | +€6,605 | +4.6% |
| Stocks and contracts in progress | 3 | - | €34,802 | +€34,802 | |
| Stocks | 30/36 | - | €34,802 | +€34,802 | |
| Amounts receivable within one year | 40/41 | €95,593 | €101,737 | +€6,143 | +6.4% |
| Trade receivables | 40 | €56,443 | €38,584 | -€17,859 | -31.6% |
| Other amounts receivable | 41 | €39,151 | €63,153 | +€24,002 | +61.3% |
| Cash at bank and in hand | 54/58 | €42,446 | €1,249 | -€41,197 | -97.1% |
| Deferred charges and accrued income | 490/1 | €5,316 | €12,172 | +€6,856 | +129% |
| Total equity and liabilities | 10/49 | €191,972 | €182,714 | -€9,258 | -4.8% |
| Equity | 10/15 | €76,540 | €82,797 | +€6,258 | +8.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €73,000 | €73,000 | = | 0.0% |
| Distributable reserves | 133 | €73,000 | €73,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €540 | €6,797 | +€6,258 | +1,160% |
| Amounts payable | 17/49 | €115,432 | €99,916 | -€15,516 | -13.4% |
| Amounts payable after more than one year | 17 | €8,193 | €3,093 | -€5,100 | -62.2% |
| Financial debts | 170/4 | €8,193 | €3,093 | -€5,100 | -62.2% |
| Amounts payable within one year | 42/48 | €107,239 | €96,823 | -€10,416 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €4,855 | €5,100 | +€245 | +5.0% |
| Trade debts | 44 | €73,715 | €63,745 | -€9,970 | -13.5% |
| Suppliers | 440/4 | €73,715 | €63,745 | -€9,970 | -13.5% |
| Taxes, remuneration and social security | 45 | €28,669 | €24,978 | -€3,691 | -12.9% |
| Taxes | 450/3 | €19,337 | €24,978 | +€5,641 | +29.2% |
| Remuneration and social security | 454/9 | €9,332 | €0 | -€9,332 | -100% |
| Other amounts payable | 47/48 | - | €3,000 | +€3,000 | |
| Non-recurring operating income | 76A | - | €6,038 | +€6,038 | |
| Remuneration, social security and pensions | 62 | €68,567 | €58,016 | -€10,551 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,878 | €11,141 | +€4,264 | +62.0% |
| Other operating charges | 640/8 | €8,634 | €4,068 | -€4,566 | -52.9% |
| Non-recurring operating charges | 66A | - | €3,298 | +€3,298 | |
| Gross operating margin | 9900 | €178,663 | €93,860 | -€84,803 | -47.5% |
| Operating profit (loss) | 9901 | €94,585 | €17,338 | -€77,247 | -81.7% |
| Financial income | 75/76B | €387 | €2,132 | +€1,745 | +451% |
| Recurring financial income | 75 | €387 | €2,132 | +€1,745 | +451% |
| Financial charges | 65/66B | €2,245 | €8,949 | +€6,704 | +299% |
| Recurring financial charges | 65 | €2,245 | €8,949 | +€6,704 | +299% |
| Profit (loss) for the period before taxes | 9903 | €92,727 | €10,521 | -€82,206 | -88.7% |
| Income taxes | 67/77 | €19,187 | €4,263 | -€14,924 | -77.8% |
| Profit (loss) for the period | 9904 | €73,540 | €6,258 | -€67,282 | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €73,540 | €6,258 | -€67,282 | -91.5% |
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 26 October 2026 via checked.be.