V.T.E. Import: what changed
Two fiscal 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.T.E. Import
Largest movements
- Cash -€186,061
down €186,061 (-35.5%), from €524,499 to €338,439
mainly Trade debts (-€344,924) and Net result for the year (-€316,110)
- Other debts +€453,678
up €453,678 (+180.4%), from €251,463 to €705,141
- Trade debts -€344,924
down €344,924 (-22.3%), from €1.5m to €1.2m
- Reserves -€316,110
down €316,110 (-12.5%), from €2.5m to €2.2m
- Write-downs +€88,044
up €88,044 (+1161.8%), from €7,578 to €95,622
- Gross operating margin -€18,083
down €18,083 (-7.1%), from -€254,047 to -€272,130
- Financial income -€4,310
down €4,310 (-5.0%), from €86,184 to €81,874
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 | €5,588,764 | €5,405,618 | -€183,146 | -3.3% |
| Current assets | 29/58 | €5,588,764 | €5,405,618 | -€183,146 | -3.3% |
| Stocks and contracts in progress | 3 | €3,587,983 | €3,566,279 | -€21,705 | -0.6% |
| Stocks | 30/36 | €3,587,983 | €3,566,279 | -€21,705 | -0.6% |
| Amounts receivable within one year | 40/41 | €1,476,281 | €1,500,900 | +€24,619 | +1.7% |
| Trade receivables | 40 | €1,156,354 | €1,370,900 | +€214,546 | +18.6% |
| Other amounts receivable | 41 | €319,927 | €130,000 | -€189,927 | -59.4% |
| Cash at bank and in hand | 54/58 | €524,499 | €338,439 | -€186,061 | -35.5% |
| Total equity and liabilities | 10/49 | €5,588,764 | €5,405,618 | -€183,146 | -3.3% |
| Equity | 10/15 | €3,786,048 | €3,469,938 | -€316,110 | -8.3% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Reserves | 13 | €2,536,048 | €2,219,938 | -€316,110 | -12.5% |
| Distributable reserves | 133 | €2,536,048 | €2,219,938 | -€316,110 | -12.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,802,716 | €1,935,680 | +€132,964 | +7.4% |
| Amounts payable within one year | 42/48 | €1,797,716 | €1,935,680 | +€137,964 | +7.7% |
| Trade debts | 44 | €1,546,253 | €1,201,329 | -€344,924 | -22.3% |
| Suppliers | 440/4 | €1,546,253 | €1,201,329 | -€344,924 | -22.3% |
| Taxes, remuneration and social security | 45 | €0 | €29,210 | +€29,210 | |
| Taxes | 450/3 | €0 | €29,210 | +€29,210 | |
| Other amounts payable | 47/48 | €251,463 | €705,141 | +€453,678 | +180.4% |
| Accrued charges and deferred income | 492/3 | €5,000 | €0 | -€5,000 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,578 | €95,622 | +€88,044 | +1161.8% |
| Other operating charges | 640/8 | €1,214 | €1,246 | +€33 | +2.7% |
| Gross operating margin | 9900 | -€254,047 | -€272,130 | -€18,083 | -7.1% |
| Operating profit (loss) | 9901 | -€262,839 | -€368,999 | -€106,160 | -40.4% |
| Financial income | 75/76B | €86,184 | €81,874 | -€4,310 | -5.0% |
| Recurring financial income | 75 | €86,184 | €81,874 | -€4,310 | -5.0% |
| Financial charges | 65/66B | €30,372 | €28,986 | -€1,386 | -4.6% |
| Recurring financial charges | 65 | €30,372 | €28,986 | -€1,386 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | -€207,027 | -€316,110 | -€109,084 | -52.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€207,027 | -€316,110 | -€109,084 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€207,027 | -€316,110 | -€109,084 | -52.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.