VFD 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.
VFD Dakwerken
Largest movements
- Tangible fixed assets +€58,002
up €58,002 (+70.9%), from €81,775 to €139,777
of which Leasing and similar rights: +€76,963
- Cash +€34,598
up €34,598 (+34.0%), from €101,905 to €136,504
mainly Net result for the year (+€49,198) and Debts after one year (+€38,460)
- Receivables within one year +€6,281
up €6,281 (+16.9%), from €37,101 to €43,382
of which Other amounts receivable: +€10,684
- Reserves +€49,000
up €49,000 (+51.6%), from €95,000 to €144,000
- Debts after one year +€38,460
up €38,460 (+86.0%), from €44,723 to €83,183
- Advances received -€19,005
no longer reported in 2025 (was €19,005)
- Current portion of long-term debt +€12,106
up €12,106 (+73.0%), from €16,573 to €28,680
- Trade debts +€10,086
up €10,086 (+77.2%), from €13,060 to €23,146
- Gross operating margin +€33,640
up €33,640 (+45.5%), from €73,959 to €107,599
- Depreciation +€5,395
up €5,395 (+18.7%), from €28,879 to €34,274
- Taxes +€4,271
up €4,271 (+48.3%), from €8,850 to €13,121
- Staff costs +€4,221
new in 2025: €4,221
- Other operating charges +€2,817
up €2,817 (+244%), from €1,157 to €3,974
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 | €228,055 | €328,910 | +€100,855 | +44.2% |
| Fixed assets | 21/28 | €82,720 | €142,972 | +€60,252 | +72.8% |
| Tangible fixed assets | 22/27 | €81,775 | €139,777 | +€58,002 | +70.9% |
| Land and buildings | 22 | €14,502 | €13,027 | -€1,475 | -10.2% |
| Plant, machinery and equipment | 23 | €16,173 | €16,701 | +€528 | +3.3% |
| Furniture and vehicles | 24 | €44,035 | €26,021 | -€18,014 | -40.9% |
| Leasing and similar rights | 25 | €7,065 | €84,028 | +€76,963 | +1,089% |
| Financial fixed assets | 28 | €945 | €3,195 | +€2,250 | +238% |
| Current assets | 29/58 | €145,335 | €185,938 | +€40,603 | +27.9% |
| Stocks and contracts in progress | 3 | €3,716 | €1,715 | -€2,001 | -53.8% |
| Stocks | 30/36 | €2,050 | €1,715 | -€335 | -16.3% |
| Contracts in progress | 37 | €1,666 | - | -€1,666 | |
| Amounts receivable within one year | 40/41 | €37,101 | €43,382 | +€6,281 | +16.9% |
| Trade receivables | 40 | €33,445 | €29,042 | -€4,403 | -13.2% |
| Other amounts receivable | 41 | €3,656 | €14,340 | +€10,684 | +292% |
| Cash at bank and in hand | 54/58 | €101,905 | €136,504 | +€34,598 | +34.0% |
| Deferred charges and accrued income | 490/1 | €2,613 | €4,337 | +€1,724 | +66.0% |
| Total equity and liabilities | 10/49 | €228,055 | €328,910 | +€100,855 | +44.2% |
| Equity | 10/15 | €100,153 | €149,351 | +€49,198 | +49.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €95,000 | €144,000 | +€49,000 | +51.6% |
| Distributable reserves | 133 | €95,000 | €144,000 | +€49,000 | +51.6% |
| Profit (loss) carried forward | 14 | €153 | €351 | +€198 | +129% |
| Amounts payable | 17/49 | €127,902 | €179,559 | +€51,657 | +40.4% |
| Amounts payable after more than one year | 17 | €44,723 | €83,183 | +€38,460 | +86.0% |
| Financial debts | 170/4 | €44,723 | €83,183 | +€38,460 | +86.0% |
| Amounts payable within one year | 42/48 | €83,179 | €96,376 | +€13,198 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €16,573 | €28,680 | +€12,106 | +73.0% |
| Trade debts | 44 | €13,060 | €23,146 | +€10,086 | +77.2% |
| Suppliers | 440/4 | €13,060 | €23,146 | +€10,086 | +77.2% |
| Advances received on contracts in progress | 46 | €19,005 | - | -€19,005 | |
| Taxes, remuneration and social security | 45 | €10,351 | €17,449 | +€7,098 | +68.6% |
| Taxes | 450/3 | €10,351 | €14,265 | +€3,914 | +37.8% |
| Remuneration and social security | 454/9 | - | €3,183 | +€3,183 | |
| Other amounts payable | 47/48 | €24,190 | €27,102 | +€2,913 | +12.0% |
| Non-recurring operating income | 76A | - | €15,327 | +€15,327 | |
| Remuneration, social security and pensions | 62 | - | €4,221 | +€4,221 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,879 | €34,274 | +€5,395 | +18.7% |
| Other operating charges | 640/8 | €1,157 | €3,974 | +€2,817 | +244% |
| Gross operating margin | 9900 | €73,959 | €107,599 | +€33,640 | +45.5% |
| Operating profit (loss) | 9901 | €43,923 | €65,130 | +€21,207 | +48.3% |
| Financial income | 75/76B | €3,377 | €4,130 | +€753 | +22.3% |
| Recurring financial income | 75 | €3,377 | €4,130 | +€753 | +22.3% |
| Financial charges | 65/66B | €4,654 | €6,941 | +€2,286 | +49.1% |
| Recurring financial charges | 65 | €4,654 | €6,941 | +€2,286 | +49.1% |
| Profit (loss) for the period before taxes | 9903 | €42,645 | €62,319 | +€19,674 | +46.1% |
| Income taxes | 67/77 | €8,850 | €13,121 | +€4,271 | +48.3% |
| Profit (loss) for the period | 9904 | €33,795 | €49,198 | +€15,403 | +45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,795 | €49,198 | +€15,403 | +45.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.