V.T.Y.: 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.Y.
Largest movements
- Cash -€10,437
down €10,437 (-47.1%), from €22,162 to €11,725
mainly Net result for the year (-€8,969) and Investment in fixed assets (net) (-€3,967)
- Deferred charges and accrued income -€778
down €778 (-60.3%), from €1,289 to €511
- Receivables within one year +€587
up €587 (+16.4%), from €3,574 to €4,161
of which Trade receivables: +€1,944
- Profit (loss) carried forward -€8,969
new in 2025: -€8,969
- Other debts -€3,552
down €3,552 (-22.5%), from €15,784 to €12,232
- Trade debts +€2,618
up €2,618 (+30.5%), from €8,583 to €11,201
- Tax, wage and social debts -€506
down €506 (-86.0%), from €589 to €82
- Taxes -€8,477
down €8,477 (-99.0%), from €8,559 to €82
- Financial charges +€1,883
up €1,883 (+619%), from €304 to €2,187
- Other operating charges -€556
down €556 (-40.5%), from €1,373 to €817
- Gross operating margin -€519
down €519 (-32.2%), from -€1,615 to -€2,134
- Depreciation +€238
up €238 (+6.8%), from €3,511 to €3,750
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 | €38,473 | €28,063 | -€10,410 | -27.1% |
| Fixed assets | 21/28 | €11,449 | €11,666 | +€217 | +1.9% |
| Tangible fixed assets | 22/27 | €11,449 | €11,666 | +€217 | +1.9% |
| Plant, machinery and equipment | 23 | €1,352 | €997 | -€355 | -26.3% |
| Furniture and vehicles | 24 | €10,096 | €10,669 | +€573 | +5.7% |
| Current assets | 29/58 | €27,024 | €16,397 | -€10,627 | -39.3% |
| Amounts receivable within one year | 40/41 | €3,574 | €4,161 | +€587 | +16.4% |
| Trade receivables | 40 | €360 | €2,304 | +€1,944 | +539% |
| Other amounts receivable | 41 | €3,214 | €1,857 | -€1,356 | -42.2% |
| Cash at bank and in hand | 54/58 | €22,162 | €11,725 | -€10,437 | -47.1% |
| Deferred charges and accrued income | 490/1 | €1,289 | €511 | -€778 | -60.3% |
| Total equity and liabilities | 10/49 | €38,473 | €28,063 | -€10,410 | -27.1% |
| Equity | 10/15 | €13,518 | €4,548 | -€8,969 | -66.4% |
| Contributions | 10/11 | €1,700 | €1,700 | = | 0.0% |
| Reserves | 13 | €11,818 | €11,818 | = | 0.0% |
| Distributable reserves | 133 | €11,818 | €11,818 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,969 | -€8,969 | |
| Amounts payable | 17/49 | €24,956 | €23,515 | -€1,440 | -5.8% |
| Amounts payable within one year | 42/48 | €24,956 | €23,515 | -€1,440 | -5.8% |
| Trade debts | 44 | €8,583 | €11,201 | +€2,618 | +30.5% |
| Suppliers | 440/4 | €8,583 | €11,201 | +€2,618 | +30.5% |
| Taxes, remuneration and social security | 45 | €589 | €82 | -€506 | -86.0% |
| Taxes | 450/3 | €589 | €82 | -€506 | -86.0% |
| Other amounts payable | 47/48 | €15,784 | €12,232 | -€3,552 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,511 | €3,750 | +€238 | +6.8% |
| Other operating charges | 640/8 | €1,373 | €817 | -€556 | -40.5% |
| Gross operating margin | 9900 | -€1,615 | -€2,134 | -€519 | -32.2% |
| Operating profit (loss) | 9901 | -€6,500 | -€6,701 | -€201 | -3.1% |
| Financial income | 75/76B | €31 | €1 | -€30 | -97.0% |
| Recurring financial income | 75 | €31 | €1 | -€30 | -97.0% |
| Financial charges | 65/66B | €304 | €2,187 | +€1,883 | +619% |
| Recurring financial charges | 65 | €304 | €2,187 | +€1,883 | +619% |
| Profit (loss) for the period before taxes | 9903 | -€6,773 | -€8,887 | -€2,115 | -31.2% |
| Income taxes | 67/77 | €8,559 | €82 | -€8,477 | -99.0% |
| Profit (loss) for the period | 9904 | -€15,332 | -€8,969 | +€6,362 | +41.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,332 | -€8,969 | +€6,362 | +41.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.