V.F. TECHNICS: 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.
V.F. TECHNICS
Largest movements
- Receivables within one year +€27,045
up €27,045 (+114%), from €23,686 to €50,731
of which Other amounts receivable: +€18,743
- Cash -€20,651
down €20,651 (-14.7%), from €140,721 to €120,071
mainly Investment in fixed assets (net) (-€40,303) and Debts after one year (-€30,384)
- Tangible fixed assets -€12,791
down €12,791 (-4.3%), from €299,284 to €286,493
of which Furniture and vehicles: -€32,416
- Debts after one year -€30,384
down €30,384 (-15.2%), from €199,557 to €169,173
- Reserves +€30,000
up €30,000 (+16.7%), from €180,000 to €210,000
of which Distributable reserves: +€30,000
- Other debts -€10,411
down €10,411 (-29.4%), from €35,411 to €25,000
- Gross operating margin +€24,028
up €24,028 (+21.9%), from €109,697 to €133,724
- Taxes +€4,487
up €4,487 (+31.1%), from €14,406 to €18,893
- Depreciation +€1,920
up €1,920 (+3.8%), from €51,175 to €53,094
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €467,727 | €461,715 | -€6,012 | -1.3% |
| Fixed assets | 21/28 | €299,284 | €286,493 | -€12,791 | -4.3% |
| Tangible fixed assets | 22/27 | €299,284 | €286,493 | -€12,791 | -4.3% |
| Land and buildings | 22 | €191,520 | €213,247 | +€21,727 | +11.3% |
| Plant, machinery and equipment | 23 | €4,308 | €2,206 | -€2,102 | -48.8% |
| Furniture and vehicles | 24 | €103,456 | €71,040 | -€32,416 | -31.3% |
| Current assets | 29/58 | €168,443 | €175,222 | +€6,779 | +4.0% |
| Amounts receivable within one year | 40/41 | €23,686 | €50,731 | +€27,045 | +114% |
| Trade receivables | 40 | €23,589 | €31,891 | +€8,302 | +35.2% |
| Other amounts receivable | 41 | €97 | €18,840 | +€18,743 | +19,407% |
| Cash at bank and in hand | 54/58 | €140,721 | €120,071 | -€20,651 | -14.7% |
| Deferred charges and accrued income | 490/1 | €4,036 | €4,420 | +€385 | +9.5% |
| Total equity and liabilities | 10/49 | €467,727 | €461,715 | -€6,012 | -1.3% |
| Equity | 10/15 | €201,644 | €231,285 | +€29,641 | +14.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €180,000 | €210,000 | +€30,000 | +16.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €178,000 | €208,000 | +€30,000 | +16.9% |
| Profit (loss) carried forward | 14 | €1,644 | €1,285 | -€359 | -21.9% |
| Amounts payable | 17/49 | €266,083 | €230,431 | -€35,652 | -13.4% |
| Amounts payable after more than one year | 17 | €199,557 | €169,173 | -€30,384 | -15.2% |
| Financial debts | 170/4 | €199,557 | €169,173 | -€30,384 | -15.2% |
| Amounts payable within one year | 42/48 | €66,526 | €61,258 | -€5,268 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €29,399 | €30,384 | +€985 | +3.3% |
| Trade debts | 44 | €1,062 | €3,396 | +€2,334 | +220% |
| Suppliers | 440/4 | €1,062 | €3,396 | +€2,334 | +220% |
| Taxes, remuneration and social security | 45 | €654 | €2,478 | +€1,824 | +279% |
| Taxes | 450/3 | €654 | €2,478 | +€1,824 | +279% |
| Other amounts payable | 47/48 | €35,411 | €25,000 | -€10,411 | -29.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,175 | €53,094 | +€1,920 | +3.8% |
| Other operating charges | 640/8 | €2,232 | €2,543 | +€311 | +13.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €109,697 | €133,724 | +€24,028 | +21.9% |
| Operating profit (loss) | 9901 | €56,290 | €78,087 | +€21,797 | +38.7% |
| Financial income | 75/76B | €6 | €5 | -€2 | -24.3% |
| Recurring financial income | 75 | €6 | €5 | -€2 | -24.3% |
| Financial charges | 65/66B | €5,430 | €4,558 | -€872 | -16.1% |
| Recurring financial charges | 65 | €5,430 | €4,558 | -€872 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €50,866 | €73,534 | +€22,667 | +44.6% |
| Income taxes | 67/77 | €14,406 | €18,893 | +€4,487 | +31.1% |
| Profit (loss) for the period | 9904 | €36,460 | €54,641 | +€18,181 | +49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,460 | €54,641 | +€18,181 | +49.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.