VKS KOELING: 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 KOELING
Largest movements
- Cash +€165,525
up €165,525 (+83.0%), from €199,354 to €364,880
mainly Net result for the year (+€338,659) and Receivables within one year (+€160,061)
- Receivables within one year -€160,061
down €160,061 (-38.8%), from €412,682 to €252,621
of which Trade receivables: -€137,714
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Tangible fixed assets +€41,739
up €41,739 (+18.5%), from €225,612 to €267,351
of which Plant, machinery and equipment: +€52,609
- Stocks and contracts +€21,911
up €21,911 (+18.7%), from €116,934 to €138,845
- Trade debts -€187,687
down €187,687 (-88.0%), from €213,301 to €25,614
- Other debts +€139,591
up €139,591 (+26.2%), from €533,492 to €673,083
- Reserves +€25,197
up €25,197 (+8.8%), from €286,117 to €311,313
of which Distributable reserves: +€25,197
- Gross operating margin +€193,353
up €193,353 (+51.0%), from €378,841 to €572,195
- Depreciation +€13,659
up €13,659 (+25.9%), from €52,643 to €66,303
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 | €1,054,583 | €1,023,697 | -€30,886 | -2.9% |
| Fixed assets | 21/28 | €225,612 | €267,351 | +€41,739 | +18.5% |
| Tangible fixed assets | 22/27 | €225,612 | €267,351 | +€41,739 | +18.5% |
| Plant, machinery and equipment | 23 | €68,228 | €120,838 | +€52,609 | +77.1% |
| Furniture and vehicles | 24 | €67,820 | €72,068 | +€4,249 | +6.3% |
| Other tangible fixed assets | 26 | €89,564 | €74,445 | -€15,119 | -16.9% |
| Current assets | 29/58 | €828,971 | €756,346 | -€72,625 | -8.8% |
| Stocks and contracts in progress | 3 | €116,934 | €138,845 | +€21,911 | +18.7% |
| Stocks | 30/36 | €116,934 | €138,845 | +€21,911 | +18.7% |
| Amounts receivable within one year | 40/41 | €412,682 | €252,621 | -€160,061 | -38.8% |
| Trade receivables | 40 | €380,656 | €242,942 | -€137,714 | -36.2% |
| Other amounts receivable | 41 | €32,026 | €9,679 | -€22,347 | -69.8% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €199,354 | €364,880 | +€165,525 | +83.0% |
| Total equity and liabilities | 10/49 | €1,054,583 | €1,023,697 | -€30,886 | -2.9% |
| Equity | 10/15 | €292,317 | €317,513 | +€25,197 | +8.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €286,117 | €311,313 | +€25,197 | +8.8% |
| Non-distributable reserves | 130/1 | €11,400 | €11,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,400 | €11,400 | = | 0.0% |
| Distributable reserves | 133 | €274,717 | €299,913 | +€25,197 | +9.2% |
| Amounts payable | 17/49 | €762,266 | €706,184 | -€56,082 | -7.4% |
| Amounts payable within one year | 42/48 | €762,266 | €706,184 | -€56,082 | -7.4% |
| Trade debts | 44 | €213,301 | €25,614 | -€187,687 | -88.0% |
| Suppliers | 440/4 | €213,301 | €25,614 | -€187,687 | -88.0% |
| Advances received on contracts in progress | 46 | €8,306 | - | -€8,306 | |
| Taxes, remuneration and social security | 45 | €7,166 | €7,486 | +€320 | +4.5% |
| Taxes | 450/3 | €3,014 | €1,457 | -€1,556 | -51.6% |
| Remuneration and social security | 454/9 | €4,153 | €6,029 | +€1,877 | +45.2% |
| Other amounts payable | 47/48 | €533,492 | €673,083 | +€139,591 | +26.2% |
| Non-recurring operating income | 76A | €14,711 | - | -€14,711 | |
| Remuneration, social security and pensions | 62 | €139,065 | €140,278 | +€1,213 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,643 | €66,303 | +€13,659 | +25.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,961 | -€2,074 | +€2,887 | +58.2% |
| Other operating charges | 640/8 | €11,016 | €6,529 | -€4,487 | -40.7% |
| Gross operating margin | 9900 | €378,841 | €572,195 | +€193,353 | +51.0% |
| Operating profit (loss) | 9901 | €181,078 | €361,159 | +€180,081 | +99.4% |
| Financial income | 75/76B | €10,553 | €10,774 | +€221 | +2.1% |
| Recurring financial income | 75 | €10,553 | €10,774 | +€221 | +2.1% |
| Financial charges | 65/66B | €15,649 | €15,611 | -€37 | -0.2% |
| Recurring financial charges | 65 | €15,649 | €15,611 | -€37 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €175,982 | €356,322 | +€180,340 | +102% |
| Income taxes | 67/77 | €13,501 | €17,663 | +€4,162 | +30.8% |
| Profit (loss) for the period | 9904 | €162,481 | €338,659 | +€176,177 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €162,481 | €338,659 | +€176,177 | +108% |
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 23 October 2026 via checked.be.