V.T. TRADING: 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.T. TRADING
Largest movements
- Receivables within one year -€40,087
down €40,087 (-62.0%), from €64,707 to €24,620
of which Trade receivables: -€42,366
- Profit (loss) carried forward -€222,591
down €222,591 (-78.6%), from -€283,249 to -€505,840
- Other debts +€170,175
up €170,175 (+34,641%), from €491 to €170,666
- Trade debts +€7,375
up €7,375 (+14.8%), from €49,960 to €57,335
- Short-term financial debts +€4,772
new in 2025: €4,772
- Tax, wage and social debts +€741
up €741 (+2.6%), from €28,812 to €29,553
of which Remuneration and social security: +€1,139
- Gross operating margin -€84,637
down €84,637, from €59,592 to -€25,045
- Financial income -€11,737
down €11,737 (-91.3%), from €12,850 to €1,113
- Staff costs +€5,625
up €5,625 (+3.6%), from €156,224 to €161,849
- Financial charges -€5,591
down €5,591 (-13.2%), from €42,474 to €36,883
- Write-downs -€1,231
new in 2025: -€1,231
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 | €71,013 | €31,486 | -€39,528 | -55.7% |
| Current assets | 29/58 | €71,013 | €31,486 | -€39,528 | -55.7% |
| Stocks and contracts in progress | 3 | €6,307 | €6,866 | +€559 | +8.9% |
| Stocks | 30/36 | €6,307 | €6,866 | +€559 | +8.9% |
| Amounts receivable within one year | 40/41 | €64,707 | €24,620 | -€40,087 | -62.0% |
| Trade receivables | 40 | €61,847 | €19,481 | -€42,366 | -68.5% |
| Other amounts receivable | 41 | €2,860 | €5,140 | +€2,280 | +79.7% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €71,013 | €31,486 | -€39,528 | -55.7% |
| Equity | 10/15 | -€8,249 | -€230,840 | -€222,591 | -2,698% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€283,249 | -€505,840 | -€222,591 | -78.6% |
| Amounts payable | 17/49 | €79,263 | €262,326 | +€183,063 | +231% |
| Amounts payable within one year | 42/48 | €79,263 | €262,326 | +€183,063 | +231% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €4,772 | +€4,772 | |
| Credit institutions | 430/8 | - | €4,772 | +€4,772 | |
| Trade debts | 44 | €49,960 | €57,335 | +€7,375 | +14.8% |
| Suppliers | 440/4 | €49,960 | €57,335 | +€7,375 | +14.8% |
| Taxes, remuneration and social security | 45 | €28,812 | €29,553 | +€741 | +2.6% |
| Taxes | 450/3 | €8,017 | €7,619 | -€398 | -5.0% |
| Remuneration and social security | 454/9 | €20,795 | €21,934 | +€1,139 | +5.5% |
| Other amounts payable | 47/48 | €491 | €170,666 | +€170,175 | +34,641% |
| Remuneration, social security and pensions | 62 | €156,224 | €161,849 | +€5,625 | +3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,231 | -€1,231 | |
| Other operating charges | 640/8 | €580 | €595 | +€14 | +2.5% |
| Gross operating margin | 9900 | €59,592 | -€25,045 | -€84,637 | |
| Operating profit (loss) | 9901 | -€97,212 | -€186,258 | -€89,046 | -91.6% |
| Financial income | 75/76B | €12,850 | €1,113 | -€11,737 | -91.3% |
| Recurring financial income | 75 | €12,850 | €1,113 | -€11,737 | -91.3% |
| Financial charges | 65/66B | €42,474 | €36,883 | -€5,591 | -13.2% |
| Recurring financial charges | 65 | €42,474 | €36,883 | -€5,591 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | -€126,836 | -€222,028 | -€95,192 | -75.1% |
| Income taxes | 67/77 | €589 | €563 | -€27 | -4.5% |
| Profit (loss) for the period | 9904 | -€127,425 | -€222,591 | -€95,166 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€127,425 | -€222,591 | -€95,166 | -74.7% |
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 23 October 2026 via checked.be.