VK Woodmaterials: what changed
What changed
VK Woodmaterials
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€761
2023 · €1,792-€1,031
Equity
€10,482
2023 · €9,722+€761
Cash
€3,579
2023 · €3,228+€351
Balance sheet total
€301,177
2023 · €441,319-€140,142
Largest movements
Assets
- Receivables within one year -€98,097
down €98,097 (-49.2%), from €199,193 to €101,096
of which Trade receivables: -€143,157
- Tangible fixed assets -€23,241
down €23,241 (-26.7%), from €87,189 to €63,949
of which Furniture and vehicles: -€19,379
- Financial fixed assets -€20,380
no longer reported in 2024 (was €20,380)
Equity and liabilities
- Trade debts -€130,452
down €130,452 (-96.9%), from €134,627 to €4,175
- Debts after one year +€48,407
up €48,407 (+29.8%), from €162,392 to €210,799
- Other debts -€44,424
down €44,424 (-92.7%), from €47,948 to €3,524
- Tax, wage and social debts -€11,095
down €11,095 (-40.5%), from €27,426 to €16,331
- Short-term financial debts -€6,944
down €6,944 (-26.5%), from €26,238 to €19,295
Income statement
- Write-downs -€10,257
no longer reported in 2024 (was €10,257)
- Depreciation +€9,702
up €9,702 (+121%), from €8,051 to €17,753
- Financial charges +€9,596
up €9,596 (+75.7%), from €12,671 to €22,267
- Gross operating margin +€5,472
up €5,472 (+10.9%), from €50,320 to €55,792
- Other operating charges -€1,216
down €1,216 (-10.6%), from €11,525 to €10,309
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€1,792
Gross operating margin
+€5,472
Depreciation
-€9,702
Write-downs
+€10,257
Other operating charges
+€1,216
Financial income
+€453
Financial charges
-€9,596
Taxes
+€869
Result 2024
€761
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€66,677
Investment
+€21,960
Financing
+€45,068
Cash 2023
€3,228
From operations (derived)
-€66,677
Net result for the year
+€761
Depreciation
+€17,753
Stocks and contracts
+€2,784
Receivables within one year
+€98,097
Deferred charges and accrued income
-€101
Trade debts
-€130,452
Tax, wage and social debts
-€11,095
Other debts
-€44,424
Investment (derived)
+€21,960
Investment in fixed assets (net)
+€25,868
Current investments
-€3,908
Financing
+€45,068
Debts after one year
+€48,407
Current portion of long-term debt
+€3,604
Short-term financial debts
-€6,944
Cash 2024
€3,579
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €441,319 | €301,177 | -€140,142 | -31.8% |
| Fixed assets | 21/28 | €107,569 | €63,949 | -€43,621 | -40.6% |
| Tangible fixed assets | 22/27 | €87,189 | €63,949 | -€23,241 | -26.7% |
| Land and buildings | 22 | €952 | €831 | -€121 | -12.7% |
| Plant, machinery and equipment | 23 | €2,392 | €6,772 | +€4,380 | +183% |
| Furniture and vehicles | 24 | €44,965 | €25,586 | -€19,379 | -43.1% |
| Leasing and similar rights | 25 | €38,880 | €30,760 | -€8,120 | -20.9% |
| Financial fixed assets | 28 | €20,380 | - | -€20,380 | |
| Current assets | 29/58 | €333,750 | €237,229 | -€96,521 | -28.9% |
| Stocks and contracts in progress | 3 | €130,550 | €127,766 | -€2,784 | -2.1% |
| Stocks | 30/36 | €130,550 | €127,766 | -€2,784 | -2.1% |
| Amounts receivable within one year | 40/41 | €199,193 | €101,096 | -€98,097 | -49.2% |
| Trade receivables | 40 | €198,179 | €55,022 | -€143,157 | -72.2% |
| Other amounts receivable | 41 | €1,014 | €46,074 | +€45,060 | +4,442% |
| Current investments | 50/53 | - | €3,908 | +€3,908 | |
| Cash at bank and in hand | 54/58 | €3,228 | €3,579 | +€351 | +10.9% |
| Deferred charges and accrued income | 490/1 | €778 | €879 | +€101 | +13.0% |
| Total equity and liabilities | 10/49 | €441,319 | €301,177 | -€140,142 | -31.8% |
| Equity | 10/15 | €9,722 | €10,482 | +€761 | +7.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €7,222 | €7,222 | = | 0.0% |
| Distributable reserves | 133 | €7,222 | €7,222 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €761 | +€761 | |
| Amounts payable | 17/49 | €431,597 | €290,695 | -€140,903 | -32.6% |
| Amounts payable after more than one year | 17 | €162,392 | €210,799 | +€48,407 | +29.8% |
| Financial debts | 170/4 | €162,392 | €210,799 | +€48,407 | +29.8% |
| Amounts payable within one year | 42/48 | €269,206 | €79,896 | -€189,310 | -70.3% |
| Current portion of amounts payable after more than one year | 42 | €32,968 | €36,572 | +€3,604 | +10.9% |
| Financial debts | 43 | €26,238 | €19,295 | -€6,944 | -26.5% |
| Credit institutions | 430/8 | €26,238 | €19,295 | -€6,944 | -26.5% |
| Trade debts | 44 | €134,627 | €4,175 | -€130,452 | -96.9% |
| Suppliers | 440/4 | €134,627 | €4,175 | -€130,452 | -96.9% |
| Taxes, remuneration and social security | 45 | €27,426 | €16,331 | -€11,095 | -40.5% |
| Taxes | 450/3 | €27,426 | €16,331 | -€11,095 | -40.5% |
| Other amounts payable | 47/48 | €47,948 | €3,524 | -€44,424 | -92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,051 | €17,753 | +€9,702 | +121% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,257 | - | -€10,257 | |
| Other operating charges | 640/8 | €11,525 | €10,309 | -€1,216 | -10.6% |
| Gross operating margin | 9900 | €50,320 | €55,792 | +€5,472 | +10.9% |
| Operating profit (loss) | 9901 | €20,488 | €27,731 | +€7,243 | +35.4% |
| Financial income | 75/76B | - | €453 | +€453 | |
| Recurring financial income | 75 | - | €453 | +€453 | |
| Financial charges | 65/66B | €12,671 | €22,267 | +€9,596 | +75.7% |
| Recurring financial charges | 65 | €12,671 | €22,267 | +€9,596 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | €7,816 | €5,916 | -€1,900 | -24.3% |
| Income taxes | 67/77 | €6,025 | €5,156 | -€869 | -14.4% |
| Profit (loss) for the period | 9904 | €1,792 | €761 | -€1,031 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,792 | €761 | -€1,031 | -57.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.