VKM CONCEPT: 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.
VKM CONCEPT
Largest movements
- Receivables within one year +€52,200
up €52,200 (+39.2%), from €133,099 to €185,300
of which Trade receivables: +€43,625
- Cash -€51,400
down €51,400 (-99.2%), from €51,812 to €412
mainly Receivables within one year (-€52,200) and Investment in fixed assets (net) (-€46,454)
- Tangible fixed assets +€32,289
up €32,289 (+182%), from €17,715 to €50,004
- Profit (loss) carried forward +€23,478
up €23,478 (+56.6%), from €41,486 to €64,963
- Other debts +€7,653
up €7,653 (+247%), from €3,104 to €10,757
- Trade debts +€4,941
up €4,941 (+4.3%), from €116,231 to €121,172
- Tax, wage and social debts -€3,023
down €3,023 (-11.2%), from €26,942 to €23,919
of which Taxes: -€5,630
- Turnover +€931,317
new in 2024: €931,317
- Purchases and services +€806,547
new in 2024: €806,547
- Gross operating margin +€87,797
up €87,797 (+237%), from €36,974 to €124,770
- Staff costs +€70,390
up €70,390 (+1,420%), from €4,955 to €75,345
- Depreciation +€9,391
up €9,391 (+195%), from €4,815 to €14,206
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €210,630 | €243,678 | +€33,048 | +15.7% |
| Fixed assets | 21/28 | €25,719 | €57,967 | +€32,248 | +125% |
| Intangible fixed assets | 21 | €2,004 | €1,497 | -€507 | -25.3% |
| Tangible fixed assets | 22/27 | €17,715 | €50,004 | +€32,289 | +182% |
| Furniture and vehicles | 24 | €17,715 | €50,004 | +€32,289 | +182% |
| Financial fixed assets | 28 | €6,000 | €6,466 | +€466 | +7.8% |
| Current assets | 29/58 | €184,911 | €185,711 | +€800 | +0.4% |
| Amounts receivable within one year | 40/41 | €133,099 | €185,300 | +€52,200 | +39.2% |
| Trade receivables | 40 | €121,825 | €165,451 | +€43,625 | +35.8% |
| Other amounts receivable | 41 | €11,274 | €19,849 | +€8,575 | +76.1% |
| Cash at bank and in hand | 54/58 | €51,812 | €412 | -€51,400 | -99.2% |
| Total equity and liabilities | 10/49 | €210,630 | €243,678 | +€33,048 | +15.7% |
| Equity | 10/15 | €47,486 | €70,963 | +€23,478 | +49.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,486 | €64,963 | +€23,478 | +56.6% |
| Amounts payable | 17/49 | €163,144 | €172,715 | +€9,571 | +5.9% |
| Amounts payable within one year | 42/48 | €163,144 | €172,715 | +€9,571 | +5.9% |
| Trade debts | 44 | €116,231 | €121,172 | +€4,941 | +4.3% |
| Suppliers | 440/4 | €116,231 | €121,172 | +€4,941 | +4.3% |
| Advances received on contracts in progress | 46 | €16,867 | €16,867 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €26,942 | €23,919 | -€3,023 | -11.2% |
| Taxes | 450/3 | €23,273 | €17,643 | -€5,630 | -24.2% |
| Remuneration and social security | 454/9 | €3,670 | €6,276 | +€2,607 | +71.0% |
| Other amounts payable | 47/48 | €3,104 | €10,757 | +€7,653 | +247% |
| Turnover | 70 | - | €931,317 | +€931,317 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €806,547 | +€806,547 | |
| Remuneration, social security and pensions | 62 | €4,955 | €75,345 | +€70,390 | +1,420% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,815 | €14,206 | +€9,391 | +195% |
| Other operating charges | 640/8 | €3,649 | €3,699 | +€50 | +1.4% |
| Gross operating margin | 9900 | €36,974 | €124,770 | +€87,797 | +237% |
| Operating profit (loss) | 9901 | €23,555 | €31,521 | +€7,966 | +33.8% |
| Financial income | 75/76B | €191 | €2,012 | +€1,821 | +954% |
| Recurring financial income | 75 | €191 | €1 | -€190 | -99.3% |
| Non-recurring financial income | 76B | €191 | €2,011 | +€1,820 | +954% |
| Financial charges | 65/66B | €255 | €1,007 | +€752 | +295% |
| Recurring financial charges | 65 | €216 | €1,007 | +€791 | +367% |
| Non-recurring financial charges | 66B | €39 | - | -€39 | |
| Profit (loss) for the period before taxes | 9903 | €23,491 | €32,526 | +€9,035 | +38.5% |
| Income taxes | 67/77 | €12,953 | €9,049 | -€3,904 | -30.1% |
| Profit (loss) for the period | 9904 | €10,539 | €23,478 | +€12,939 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €10,539 | €23,478 | +€12,939 | +123% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.