V-TALITY: 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-TALITY
Largest movements
- Stocks and contracts +€42,500
up €42,500 (+34.5%), from €123,046 to €165,546
- Receivables within one year -€25,806
down €25,806 (-13.7%), from €188,746 to €162,940
of which Trade receivables: -€25,804
- Cash -€7,598
down €7,598 (-100.0%), from €7,599 to €1
mainly Debts after one year (-€47,204) and Stocks and contracts (-€42,500)
- Debts after one year -€47,204
down €47,204 (-41.1%), from €114,797 to €67,594
- Current portion of long-term debt +€31,375
up €31,375 (+120%), from €26,214 to €57,589
- Short-term financial debts +€24,987
up €24,987 (+166%), from €15,017 to €40,003
- Profit (loss) carried forward -€12,014
down €12,014 (-35.5%), from -€33,834 to -€45,847
- Tax, wage and social debts +€4,917
up €4,917 (+19.3%), from €25,461 to €30,378
- Gross operating margin +€52,277
up €52,277, from -€47,726 to €4,551
- Financial charges -€7,373
down €7,373 (-29.9%), from €24,696 to €17,323
- Financial income -€4,186
down €4,186 (-77.7%), from €5,386 to €1,200
- Other operating charges -€2,845
down €2,845 (-86.6%), from €3,286 to €441
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €323,380 | €329,687 | +€6,306 | +2.0% |
| Current assets | 29/58 | €323,380 | €329,687 | +€6,306 | +2.0% |
| Stocks and contracts in progress | 3 | €123,046 | €165,546 | +€42,500 | +34.5% |
| Stocks | 30/36 | €123,046 | €165,546 | +€42,500 | +34.5% |
| Amounts receivable within one year | 40/41 | €188,746 | €162,940 | -€25,806 | -13.7% |
| Trade receivables | 40 | €179,172 | €153,368 | -€25,804 | -14.4% |
| Other amounts receivable | 41 | €9,574 | €9,572 | -€2 | 0.0% |
| Cash at bank and in hand | 54/58 | €7,599 | €1 | -€7,598 | -100.0% |
| Deferred charges and accrued income | 490/1 | €3,989 | €1,200 | -€2,789 | -69.9% |
| Total equity and liabilities | 10/49 | €323,380 | €329,687 | +€6,306 | +2.0% |
| Equity | 10/15 | -€14,446 | -€26,459 | -€12,014 | -83.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €788 | €788 | = | 0.0% |
| Non-distributable reserves | 130/1 | €788 | €788 | = | 0.0% |
| Reserves not available under the articles | 1311 | €788 | €788 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,834 | -€45,847 | -€12,014 | -35.5% |
| Amounts payable | 17/49 | €337,826 | €356,146 | +€18,320 | +5.4% |
| Amounts payable after more than one year | 17 | €114,797 | €67,594 | -€47,204 | -41.1% |
| Financial debts | 170/4 | €114,797 | €67,594 | -€47,204 | -41.1% |
| Amounts payable within one year | 42/48 | €220,029 | €284,491 | +€64,462 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €26,214 | €57,589 | +€31,375 | +120% |
| Financial debts | 43 | €15,017 | €40,003 | +€24,987 | +166% |
| Credit institutions | 430/8 | €15,017 | €40,003 | +€24,987 | +166% |
| Trade debts | 44 | €64,672 | €66,074 | +€1,402 | +2.2% |
| Suppliers | 440/4 | €64,672 | €66,074 | +€1,402 | +2.2% |
| Taxes, remuneration and social security | 45 | €25,461 | €30,378 | +€4,917 | +19.3% |
| Taxes | 450/3 | €25,461 | €30,378 | +€4,917 | +19.3% |
| Other amounts payable | 47/48 | €88,665 | €90,447 | +€1,782 | +2.0% |
| Accrued charges and deferred income | 492/3 | €3,000 | €4,061 | +€1,061 | +35.4% |
| Other operating charges | 640/8 | €3,286 | €441 | -€2,845 | -86.6% |
| Gross operating margin | 9900 | -€47,726 | €4,551 | +€52,277 | |
| Operating profit (loss) | 9901 | -€51,012 | €4,110 | +€55,122 | |
| Financial income | 75/76B | €5,386 | €1,200 | -€4,186 | -77.7% |
| Recurring financial income | 75 | €5,386 | €1,200 | -€4,186 | -77.7% |
| Financial charges | 65/66B | €24,696 | €17,323 | -€7,373 | -29.9% |
| Recurring financial charges | 65 | €24,696 | €17,323 | -€7,373 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | -€70,323 | -€12,014 | +€58,309 | +82.9% |
| Profit (loss) for the period | 9904 | -€70,323 | -€12,014 | +€58,309 | +82.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,323 | -€12,014 | +€58,309 | +82.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.