VKS GROUP: 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.
VKS GROUP
Largest movements
- Receivables within one year +€78,233
up €78,233 (+283%), from €27,648 to €105,880
of which Trade receivables: +€76,632
- Tangible fixed assets -€10,636
down €10,636 (-48.5%), from €21,933 to €11,297
of which Furniture and vehicles: -€9,228
- Financial fixed assets +€4,164
new in 2025: €4,164
- Cash -€2,125
down €2,125 (-77.3%), from €2,751 to €625
mainly Receivables within one year (-€78,233) and Investment in fixed assets (net) (-€4,164)
- Trade debts +€34,903
up €34,903 (+208%), from €16,815 to €51,718
- Profit (loss) carried forward +€27,060
up €27,060 (+99.8%), from €27,101 to €54,160
- Tax, wage and social debts +€8,023
up €8,023 (+99.5%), from €8,060 to €16,083
- Depreciation +€657
up €657 (+6.6%), from €9,979 to €10,636
- Financial income +€504
up €504 (+105%), from €481 to €985
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 | €55,042 | €124,961 | +€69,919 | +127% |
| Fixed assets | 21/28 | €21,933 | €15,460 | -€6,473 | -29.5% |
| Tangible fixed assets | 22/27 | €21,933 | €11,297 | -€10,636 | -48.5% |
| Plant, machinery and equipment | 23 | €3,086 | €1,678 | -€1,408 | -45.6% |
| Furniture and vehicles | 24 | €18,847 | €9,619 | -€9,228 | -49.0% |
| Financial fixed assets | 28 | - | €4,164 | +€4,164 | |
| Current assets | 29/58 | €33,109 | €109,501 | +€76,392 | +231% |
| Amounts receivable within one year | 40/41 | €27,648 | €105,880 | +€78,233 | +283% |
| Trade receivables | 40 | €10,601 | €87,233 | +€76,632 | +723% |
| Other amounts receivable | 41 | €17,047 | €18,648 | +€1,601 | +9.4% |
| Cash at bank and in hand | 54/58 | €2,751 | €625 | -€2,125 | -77.3% |
| Deferred charges and accrued income | 490/1 | €2,711 | €2,995 | +€285 | +10.5% |
| Total equity and liabilities | 10/49 | €55,042 | €124,961 | +€69,919 | +127% |
| Equity | 10/15 | €30,101 | €57,160 | +€27,060 | +89.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,101 | €54,160 | +€27,060 | +99.8% |
| Amounts payable | 17/49 | €24,942 | €67,801 | +€42,859 | +172% |
| Amounts payable within one year | 42/48 | €24,875 | €67,801 | +€42,926 | +173% |
| Trade debts | 44 | €16,815 | €51,718 | +€34,903 | +208% |
| Suppliers | 440/4 | €16,815 | €51,718 | +€34,903 | +208% |
| Taxes, remuneration and social security | 45 | €8,060 | €16,083 | +€8,023 | +99.5% |
| Taxes | 450/3 | €8,060 | €16,083 | +€8,023 | +99.5% |
| Accrued charges and deferred income | 492/3 | €67 | - | -€67 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,979 | €10,636 | +€657 | +6.6% |
| Other operating charges | 640/8 | €822 | €662 | -€160 | -19.4% |
| Gross operating margin | 9900 | €45,585 | €45,605 | +€20 | 0.0% |
| Operating profit (loss) | 9901 | €34,784 | €34,306 | -€478 | -1.4% |
| Financial income | 75/76B | €481 | €985 | +€504 | +105% |
| Recurring financial income | 75 | €481 | €985 | +€504 | +105% |
| Financial charges | 65/66B | €104 | €209 | +€105 | +101% |
| Recurring financial charges | 65 | €104 | €209 | +€105 | +101% |
| Profit (loss) for the period before taxes | 9903 | €35,161 | €35,082 | -€79 | -0.2% |
| Income taxes | 67/77 | €8,060 | €8,023 | -€38 | -0.5% |
| Profit (loss) for the period | 9904 | €27,101 | €27,060 | -€41 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,101 | €27,060 | -€41 | -0.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.