VDW Tools & Technics: what changed
Two fiscal 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.
What changed
VDW Tools & Technics
NACE 46.630, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€628,354
2024 · €700,705-€72,351
Equity
€1.5m
2024 · €887,348+€628,196
Cash
€627,665
2024 · €619,846+€7,819
Balance sheet total
€2.4m
2024 · €2.2m+€197,161
Largest movements
Assets
- Stocks and contracts +€96,351
up €96,351 (+14.5%), from €665,084 to €761,435
- Receivables within one year +€69,145
up €69,145 (+8.8%), from €782,476 to €851,620
Equity and liabilities
- Reserves +€628,196
up €628,196 (+72.4%), from €867,348 to €1.5m
- Other debts -€432,615
down €432,615 (-99.2%), from €436,250 to €3,635
- Trade debts -€127,394
down €127,394 (-19.4%), from €657,536 to €530,142
- Short-term financial debts +€95,812
up €95,812 (+2287.6%), from €4,188 to €100,000
Income statement
- Staff costs +€95,126
up €95,126 (+40.3%), from €236,098 to €331,224
- Taxes +€72,321
up €72,321 (+49.9%), from €144,971 to €217,293
- Gross operating margin +€64,635
up €64,635 (+5.8%), from €1.1m to €1.2m
- Other operating charges -€37,235
down €37,235 (-90.3%), from €41,239 to €4,003
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.
Result 2024
€700,705
Gross operating margin
+€64,635
Staff costs
-€95,126
Depreciation
-€2,176
Other operating charges
+€37,235
Financial income
+€312
Financial charges
-€4,909
Taxes
-€72,321
Result 2025
€628,354
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.
From operations
-€47,411
Investment
-€64,531
Financing
+€119,761
Cash 2024
€619,846
From operations (derived)
-€47,411
Net result for the year
+€628,354
Depreciation
+€41,191
Stocks and contracts
-€96,351
Receivables within one year
-€69,145
Deferred charges and accrued income
-€507
Trade debts
-€127,394
Tax, wage and social debts
+€9,055
Other debts
-€432,615
Investment (derived)
-€64,531
Investment in fixed assets (net)
-€64,531
Financing
+€119,761
Debts after one year
+€14,143
Current portion of long-term debt
+€9,965
Short-term financial debts
+€95,812
Contributions, distributions and other
-€158
Cash 2025
€627,665
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,179,921 | €2,377,082 | +€197,161 | +9.0% |
| Fixed assets | 21/28 | €99,172 | €122,512 | +€23,340 | +23.5% |
| Tangible fixed assets | 22/27 | €99,172 | €122,512 | +€23,340 | +23.5% |
| Plant, machinery and equipment | 23 | €16,971 | €13,281 | -€3,690 | -21.7% |
| Furniture and vehicles | 24 | €13,449 | €21,258 | +€7,809 | +58.1% |
| Leasing and similar rights | 25 | €57,903 | €80,806 | +€22,903 | +39.6% |
| Other tangible fixed assets | 26 | €10,849 | €7,166 | -€3,683 | -33.9% |
| Current assets | 29/58 | €2,080,749 | €2,254,571 | +€173,822 | +8.4% |
| Stocks and contracts in progress | 3 | €665,084 | €761,435 | +€96,351 | +14.5% |
| Stocks | 30/36 | €665,084 | €761,435 | +€96,351 | +14.5% |
| Amounts receivable within one year | 40/41 | €782,476 | €851,620 | +€69,145 | +8.8% |
| Trade receivables | 40 | €782,476 | €851,620 | +€69,145 | +8.8% |
| Cash at bank and in hand | 54/58 | €619,846 | €627,665 | +€7,819 | +1.3% |
| Deferred charges and accrued income | 490/1 | €13,343 | €13,850 | +€507 | +3.8% |
| Total equity and liabilities | 10/49 | €2,179,921 | €2,377,082 | +€197,161 | +9.0% |
| Equity | 10/15 | €887,348 | €1,515,544 | +€628,196 | +70.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €867,348 | €1,495,544 | +€628,196 | +72.4% |
| Distributable reserves | 133 | €867,348 | €1,495,544 | +€628,196 | +72.4% |
| Amounts payable | 17/49 | €1,292,573 | €861,538 | -€431,035 | -33.3% |
| Amounts payable after more than one year | 17 | €35,712 | €49,855 | +€14,143 | +39.6% |
| Financial debts | 170/4 | €35,712 | €49,855 | +€14,143 | +39.6% |
| Amounts payable within one year | 42/48 | €1,256,861 | €811,684 | -€445,178 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €19,738 | €29,703 | +€9,965 | +50.5% |
| Financial debts | 43 | €4,188 | €100,000 | +€95,812 | +2287.6% |
| Credit institutions | 430/8 | €4,188 | €100,000 | +€95,812 | +2287.6% |
| Trade debts | 44 | €657,536 | €530,142 | -€127,394 | -19.4% |
| Suppliers | 440/4 | €657,536 | €530,142 | -€127,394 | -19.4% |
| Advances received on contracts in progress | 46 | €2,347 | €2,347 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €136,802 | €145,857 | +€9,055 | +6.6% |
| Taxes | 450/3 | €101,859 | €89,568 | -€12,291 | -12.1% |
| Remuneration and social security | 454/9 | €34,943 | €56,289 | +€21,346 | +61.1% |
| Other amounts payable | 47/48 | €436,250 | €3,635 | -€432,615 | -99.2% |
| Remuneration, social security and pensions | 62 | €236,098 | €331,224 | +€95,126 | +40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,015 | €41,191 | +€2,176 | +5.6% |
| Other operating charges | 640/8 | €41,239 | €4,003 | -€37,235 | -90.3% |
| Gross operating margin | 9900 | €1,110,994 | €1,175,629 | +€64,635 | +5.8% |
| Operating profit (loss) | 9901 | €794,642 | €799,210 | +€4,568 | +0.6% |
| Financial income | 75/76B | €61,222 | €61,533 | +€312 | +0.5% |
| Recurring financial income | 75 | €61,222 | €61,533 | +€312 | +0.5% |
| Financial charges | 65/66B | €10,187 | €15,096 | +€4,909 | +48.2% |
| Recurring financial charges | 65 | €10,187 | €15,096 | +€4,909 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €845,677 | €845,647 | -€30 | 0.0% |
| Income taxes | 67/77 | €144,971 | €217,293 | +€72,321 | +49.9% |
| Profit (loss) for the period | 9904 | €700,705 | €628,354 | -€72,351 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €700,705 | €628,354 | -€72,351 | -10.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.