V.G.TECH: 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.G.TECH
Largest movements
- Tangible fixed assets -€33,350
down €33,350 (-3.7%), from €898,633 to €865,283
of which Land and buildings: -€29,122
- Other debts +€127,000
up €127,000 (+31.4%), from €404,320 to €531,320
- Profit (loss) carried forward -€107,128
down €107,128 (-202%), from -€52,912 to -€160,040
- Debts after one year -€55,693
down €55,693 (-12.4%), from €448,731 to €393,037
- Provisions -€16,000
down €16,000 (-100%), from €16,000 to €0
- Gross operating margin -€14,438
down €14,438 (-35.3%), from -€40,927 to -€55,365
- Depreciation +€1,925
up €1,925 (+6.1%), from €31,426 to €33,350
- Other operating charges +€1,749
up €1,749 (+24.1%), from €7,245 to €8,995
- Financial charges -€1,111
down €1,111 (-10.6%), from €10,529 to €9,417
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 | €1,307,243 | €1,274,642 | -€32,602 | -2.5% |
| Fixed assets | 21/28 | €1,112,287 | €1,078,936 | -€33,350 | -3.0% |
| Tangible fixed assets | 22/27 | €898,633 | €865,283 | -€33,350 | -3.7% |
| Land and buildings | 22 | €865,796 | €836,674 | -€29,122 | -3.4% |
| Furniture and vehicles | 24 | €16,620 | €13,122 | -€3,498 | -21.0% |
| Other tangible fixed assets | 26 | €16,217 | €15,486 | -€730 | -4.5% |
| Financial fixed assets | 28 | €213,653 | €213,653 | = | 0.0% |
| Current assets | 29/58 | €194,957 | €195,706 | +€749 | +0.4% |
| Amounts receivable within one year | 40/41 | €188,604 | €189,648 | +€1,044 | +0.6% |
| Other amounts receivable | 41 | €188,604 | €189,648 | +€1,044 | +0.6% |
| Cash at bank and in hand | 54/58 | €2,591 | €2,370 | -€221 | -8.5% |
| Deferred charges and accrued income | 490/1 | €3,762 | €3,688 | -€75 | -2.0% |
| Total equity and liabilities | 10/49 | €1,307,243 | €1,274,642 | -€32,602 | -2.5% |
| Equity | 10/15 | €390,765 | €283,637 | -€107,128 | -27.4% |
| Contributions | 10/11 | €135,161 | €135,161 | = | 0.0% |
| Revaluation surpluses | 12 | €225,000 | €225,000 | = | 0.0% |
| Reserves | 13 | €83,516 | €83,516 | = | 0.0% |
| Distributable reserves | 133 | €83,516 | €83,516 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,912 | -€160,040 | -€107,128 | -202% |
| Amounts payable | 17/49 | €916,479 | €991,005 | +€74,526 | +8.1% |
| Amounts payable after more than one year | 17 | €448,731 | €393,037 | -€55,693 | -12.4% |
| Financial debts | 170/4 | €448,731 | €393,037 | -€55,693 | -12.4% |
| Amounts payable within one year | 42/48 | €466,453 | €596,673 | +€130,219 | +27.9% |
| Current portion of amounts payable after more than one year | 42 | €55,762 | €55,693 | -€69 | -0.1% |
| Trade debts | 44 | €5,866 | €8,475 | +€2,609 | +44.5% |
| Suppliers | 440/4 | €5,866 | €8,475 | +€2,609 | +44.5% |
| Taxes, remuneration and social security | 45 | €506 | €1,185 | +€679 | +134% |
| Taxes | 450/3 | €506 | €1,185 | +€679 | +134% |
| Other amounts payable | 47/48 | €404,320 | €531,320 | +€127,000 | +31.4% |
| Accrued charges and deferred income | 492/3 | €1,295 | €1,295 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,426 | €33,350 | +€1,925 | +6.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €16,000 | €0 | -€16,000 | -100% |
| Other operating charges | 640/8 | €7,245 | €8,995 | +€1,749 | +24.1% |
| Gross operating margin | 9900 | -€40,927 | -€55,365 | -€14,438 | -35.3% |
| Operating profit (loss) | 9901 | -€95,598 | -€97,710 | -€2,112 | -2.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €10,529 | €9,417 | -€1,111 | -10.6% |
| Recurring financial charges | 65 | €10,529 | €9,417 | -€1,111 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | -€106,127 | -€107,128 | -€1,001 | -0.9% |
| Profit (loss) for the period | 9904 | -€106,127 | -€107,128 | -€1,001 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€106,127 | -€107,128 | -€1,001 | -0.9% |
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 16 October 2026 via checked.be.