VM Dakwerken: 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.
VM Dakwerken
Largest movements
- Cash -€170,492
down €170,492 (-71.7%), from €237,761 to €67,269
mainly Advances received (-€283,981) and Short-term financial debts (-€100,000)
- Tangible fixed assets -€161,329
down €161,329 (-21.5%), from €751,212 to €589,884
of which Furniture and vehicles: -€113,717
- Receivables within one year -€114,249
down €114,249 (-33.6%), from €339,997 to €225,748
of which Trade receivables: -€161,081
- Advances received -€283,981
down €283,981 (-93.5%), from €303,753 to €19,772
- Short-term financial debts -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Debts after one year -€73,302
down €73,302 (-17.2%), from €425,866 to €352,564
- Trade debts +€34,202
up €34,202 (+12.2%), from €280,570 to €314,771
- Current portion of long-term debt -€20,613
down €20,613 (-22.4%), from €91,914 to €71,302
- Gross operating margin -€32,025
down €32,025 (-9.7%), from €331,091 to €299,067
- Depreciation +€15,350
up €15,350 (+25.9%), from €59,320 to €74,671
- Financial charges -€7,049
down €7,049 (-27.0%), from €26,103 to €19,054
- Staff costs +€6,593
up €6,593 (+3.4%), from €192,239 to €198,832
- Taxes -€4,369
down €4,369 (-95.8%), from €4,563 to €194
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.
Cash bridge derived
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 | €1,396,283 | €955,487 | -€440,795 | -31.6% |
| Fixed assets | 21/28 | €751,212 | €589,884 | -€161,329 | -21.5% |
| Tangible fixed assets | 22/27 | €751,212 | €589,884 | -€161,329 | -21.5% |
| Land and buildings | 22 | €300,444 | €291,144 | -€9,300 | -3.1% |
| Plant, machinery and equipment | 23 | €25,715 | €20,331 | -€5,383 | -20.9% |
| Furniture and vehicles | 24 | €232,426 | €118,709 | -€113,717 | -48.9% |
| Leasing and similar rights | 25 | €192,628 | €159,700 | -€32,928 | -17.1% |
| Current assets | 29/58 | €645,071 | €365,604 | -€279,467 | -43.3% |
| Stocks and contracts in progress | 3 | €47,475 | €49,289 | +€1,814 | +3.8% |
| Stocks | 30/36 | €47,475 | €37,624 | -€9,852 | -20.8% |
| Contracts in progress | 37 | - | €11,666 | +€11,666 | |
| Amounts receivable within one year | 40/41 | €339,997 | €225,748 | -€114,249 | -33.6% |
| Trade receivables | 40 | €327,146 | €166,065 | -€161,081 | -49.2% |
| Other amounts receivable | 41 | €12,851 | €59,683 | +€46,832 | +364.4% |
| Cash at bank and in hand | 54/58 | €237,761 | €67,269 | -€170,492 | -71.7% |
| Deferred charges and accrued income | 490/1 | €19,837 | €23,297 | +€3,460 | +17.4% |
| Total equity and liabilities | 10/49 | €1,396,283 | €955,487 | -€440,795 | -31.6% |
| Equity | 10/15 | €177,721 | €185,860 | +€8,139 | +4.6% |
| Contributions | 10/11 | €6,200 | €12,400 | +€6,200 | +100.0% |
| Reserves | 13 | €171,521 | €173,460 | +€1,939 | +1.1% |
| Distributable reserves | 133 | €171,521 | €173,460 | +€1,939 | +1.1% |
| Amounts payable | 17/49 | €1,218,562 | €769,628 | -€448,934 | -36.8% |
| Amounts payable after more than one year | 17 | €425,866 | €352,564 | -€73,302 | -17.2% |
| Financial debts | 170/4 | €425,866 | €352,564 | -€73,302 | -17.2% |
| Amounts payable within one year | 42/48 | €790,121 | €416,800 | -€373,321 | -47.2% |
| Current portion of amounts payable after more than one year | 42 | €91,914 | €71,302 | -€20,613 | -22.4% |
| Financial debts | 43 | €100,000 | €0 | -€100,000 | -100.0% |
| Credit institutions | 430/8 | €100,000 | €0 | -€100,000 | -100.0% |
| Trade debts | 44 | €280,570 | €314,771 | +€34,202 | +12.2% |
| Suppliers | 440/4 | €280,570 | €314,771 | +€34,202 | +12.2% |
| Advances received on contracts in progress | 46 | €303,753 | €19,772 | -€283,981 | -93.5% |
| Taxes, remuneration and social security | 45 | €11,024 | €9,098 | -€1,926 | -17.5% |
| Taxes | 450/3 | €4,563 | €4,757 | +€194 | +4.2% |
| Remuneration and social security | 454/9 | €6,461 | €4,341 | -€2,120 | -32.8% |
| Other amounts payable | 47/48 | €2,860 | €1,858 | -€1,003 | -35.1% |
| Accrued charges and deferred income | 492/3 | €2,575 | €264 | -€2,311 | -89.8% |
| Non-recurring operating income | 76A | €20,000 | €7,170 | -€12,830 | -64.1% |
| Remuneration, social security and pensions | 62 | €192,239 | €198,832 | +€6,593 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,320 | €74,671 | +€15,350 | +25.9% |
| Other operating charges | 640/8 | €3,415 | €4,378 | +€964 | +28.2% |
| Gross operating margin | 9900 | €331,091 | €299,067 | -€32,025 | -9.7% |
| Operating profit (loss) | 9901 | €76,117 | €21,186 | -€54,931 | -72.2% |
| Financial income | 75/76B | €180 | €0 | -€180 | -99.8% |
| Recurring financial income | 75 | €180 | €0 | -€180 | -99.8% |
| Financial charges | 65/66B | €26,103 | €19,054 | -€7,049 | -27.0% |
| Recurring financial charges | 65 | €26,103 | €19,054 | -€7,049 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €50,194 | €2,133 | -€48,061 | -95.8% |
| Income taxes | 67/77 | €4,563 | €194 | -€4,369 | -95.8% |
| Profit (loss) for the period | 9904 | €45,631 | €1,939 | -€43,692 | -95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,631 | €1,939 | -€43,692 | -95.8% |
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 9 October 2026 via checked.be.