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VK interior construction: 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

VK interior construction

BE 0757.561.585
NACE 43.320, Joinery installation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€20,994
2024 · €7,115+€13,879
Equity
€121,527
2024 · €100,533+€20,994
Cash
€94,164
2024 · €96,148-€1,985
Balance sheet total
€233,353
2024 · €212,133+€21,220

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€32,267

    up €32,267 (+208.3%), from €15,490 to €47,756

    of which Trade receivables: +€33,955

  • Tangible fixed assets -€18,543

    down €18,543 (-24.1%), from €76,858 to €58,315

    of which Furniture and vehicles: -€14,552

  • Stocks and contracts +€9,482

    up €9,482 (+40.1%), from €23,637 to €33,119

    of which Contracts in progress: +€12,000

Equity and liabilities
  • Reserves +€20,994

    up €20,994 (+22.0%), from €95,533 to €116,527

  • Trade debts +€11,729

    up €11,729 (+844.4%), from €1,389 to €13,118

  • Debts after one year -€9,758

    down €9,758 (-81.8%), from €11,930 to €2,172

Income statement
  • Staff costs -€29,774

    no longer reported in 2025 (was €29,774)

  • Gross operating margin -€11,883

    down €11,883 (-14.8%), from €80,299 to €68,416

  • Taxes +€4,945

    up €4,945 (+181.8%), from €2,720 to €7,665

  • Depreciation -€1,339

    down €1,339 (-3.4%), from €39,367 to €38,028

From the 2024 result to the 2025 result

effect on the 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 €7,115
Gross operating margin -€11,883
Staff costs +€29,774
Depreciation +€1,339
Other operating charges -€347
Financial income -€276
Financial charges +€218
Taxes -€4,945
Result 2025 €20,994

Cash bridge derived

cash 2024 to 2025

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 +€28,639
Investment -€19,485
Financing -€11,139
Cash 2024 €96,148
Net result for the year +€20,994
Depreciation +€38,028
Stocks and contracts -€9,482
Receivables within one year -€32,267
Trade debts +€11,729
Tax, wage and social debts +€99
Other debts -€463
Investment in fixed assets (net) -€19,485
Debts after one year -€9,758
Current portion of long-term debt -€1,382
Cash 2025 €94,164
Every line side by side 43 lines
Line Code 2024 2025 Change %
Total assets 20/58 €212,133 €233,353 +€21,220 +10.0%
Fixed assets 21/28 €76,858 €58,315 -€18,543 -24.1%
Tangible fixed assets 22/27 €76,858 €58,315 -€18,543 -24.1%
Plant, machinery and equipment 23 €62,306 €58,315 -€3,991 -6.4%
Furniture and vehicles 24 €14,552 - -€14,552
Current assets 29/58 €135,275 €175,039 +€39,764 +29.4%
Stocks and contracts in progress 3 €23,637 €33,119 +€9,482 +40.1%
Stocks 30/36 €13,637 €11,119 -€2,518 -18.5%
Contracts in progress 37 €10,000 €22,000 +€12,000 +120.0%
Amounts receivable within one year 40/41 €15,490 €47,756 +€32,267 +208.3%
Trade receivables 40 €6,295 €40,250 +€33,955 +539.4%
Other amounts receivable 41 €9,194 €7,506 -€1,688 -18.4%
Cash at bank and in hand 54/58 €96,148 €94,164 -€1,985 -2.1%
Total equity and liabilities 10/49 €212,133 €233,353 +€21,220 +10.0%
Equity 10/15 €100,533 €121,527 +€20,994 +20.9%
Contributions 10/11 €5,000 €5,000 = 0.0%
Reserves 13 €95,533 €116,527 +€20,994 +22.0%
Distributable reserves 133 €95,533 €116,527 +€20,994 +22.0%
Amounts payable 17/49 €111,600 €111,826 +€226 +0.2%
Amounts payable after more than one year 17 €11,930 €2,172 -€9,758 -81.8%
Financial debts 170/4 €11,930 €2,172 -€9,758 -81.8%
Amounts payable within one year 42/48 €99,671 €109,654 +€9,984 +10.0%
Current portion of amounts payable after more than one year 42 €11,139 €9,758 -€1,382 -12.4%
Trade debts 44 €1,389 €13,118 +€11,729 +844.4%
Suppliers 440/4 €1,389 €13,118 +€11,729 +844.4%
Taxes, remuneration and social security 45 €2,000 €2,099 +€99 +5.0%
Taxes 450/3 - €2,099 +€2,099
Remuneration and social security 454/9 €2,000 - -€2,000
Other amounts payable 47/48 €85,142 €84,679 -€463 -0.5%
Non-recurring operating income 76A - €6,264 +€6,264
Remuneration, social security and pensions 62 €29,774 - -€29,774
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €39,367 €38,028 -€1,339 -3.4%
Other operating charges 640/8 €1,078 €1,424 +€347 +32.2%
Gross operating margin 9900 €80,299 €68,416 -€11,883 -14.8%
Operating profit (loss) 9901 €10,080 €28,963 +€18,883 +187.3%
Financial income 75/76B €414 €137 -€276 -66.8%
Recurring financial income 75 €414 €137 -€276 -66.8%
Financial charges 65/66B €659 €441 -€218 -33.1%
Recurring financial charges 65 €659 €441 -€218 -33.1%
Profit (loss) for the period before taxes 9903 €9,835 €28,659 +€18,825 +191.4%
Income taxes 67/77 €2,720 €7,665 +€4,945 +181.8%
Profit (loss) for the period 9904 €7,115 €20,994 +€13,879 +195.1%
Profit (loss) for the period to be appropriated 9905 €7,115 €20,994 +€13,879 +195.1%

Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.