V.TECH Chauffage: 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.TECH Chauffage
Largest movements
- Tangible fixed assets +€61,891
up €61,891 (+478.1%), from €12,945 to €74,837
- Cash +€19,031
up €19,031 (+11.4%), from €166,581 to €185,613
mainly Net result for the year (+€148,976) and Depreciation (+€11,756)
- Receivables within one year +€12,417
up €12,417 (+29.0%), from €42,766 to €55,183
of which Other amounts receivable: +€14,911
- Reserves +€148,976
up €148,976 (+97.6%), from €152,650 to €301,626
- Tax, wage and social debts -€44,654
down €44,654 (-91.7%), from €48,710 to €4,056
of which Taxes: -€46,340
- Trade debts -€9,076
down €9,076 (-38.3%), from €23,708 to €14,632
- Gross operating margin +€87,277
up €87,277 (+51.0%), from €171,154 to €258,430
- Taxes +€17,514
up €17,514 (+73.4%), from €23,875 to €41,389
- Staff costs +€7,195
up €7,195 (+15.5%), from €46,512 to €53,706
- Depreciation +€2,828
up €2,828 (+31.7%), from €8,928 to €11,756
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 | €256,701 | €352,606 | +€95,905 | +37.4% |
| Fixed assets | 21/28 | €19,515 | €81,407 | +€61,891 | +317.1% |
| Tangible fixed assets | 22/27 | €12,945 | €74,837 | +€61,891 | +478.1% |
| Furniture and vehicles | 24 | €12,945 | €74,837 | +€61,891 | +478.1% |
| Financial fixed assets | 28 | €6,570 | €6,570 | = | 0.0% |
| Current assets | 29/58 | €237,185 | €271,199 | +€34,014 | +14.3% |
| Stocks and contracts in progress | 3 | €21,510 | €22,590 | +€1,080 | +5.0% |
| Stocks | 30/36 | €21,510 | €22,590 | +€1,080 | +5.0% |
| Amounts receivable within one year | 40/41 | €42,766 | €55,183 | +€12,417 | +29.0% |
| Trade receivables | 40 | €42,106 | €39,613 | -€2,493 | -5.9% |
| Other amounts receivable | 41 | €660 | €15,571 | +€14,911 | +2259.2% |
| Cash at bank and in hand | 54/58 | €166,581 | €185,613 | +€19,031 | +11.4% |
| Deferred charges and accrued income | 490/1 | €6,328 | €7,813 | +€1,485 | +23.5% |
| Total equity and liabilities | 10/49 | €256,701 | €352,606 | +€95,905 | +37.4% |
| Equity | 10/15 | €155,650 | €304,626 | +€148,976 | +95.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €152,650 | €301,626 | +€148,976 | +97.6% |
| Distributable reserves | 133 | €152,650 | €301,626 | +€148,976 | +97.6% |
| Amounts payable | 17/49 | €101,050 | €47,980 | -€53,071 | -52.5% |
| Amounts payable within one year | 42/48 | €101,050 | €47,980 | -€53,071 | -52.5% |
| Trade debts | 44 | €23,708 | €14,632 | -€9,076 | -38.3% |
| Suppliers | 440/4 | €23,708 | €14,632 | -€9,076 | -38.3% |
| Taxes, remuneration and social security | 45 | €48,710 | €4,056 | -€44,654 | -91.7% |
| Taxes | 450/3 | €48,508 | €2,168 | -€46,340 | -95.5% |
| Remuneration and social security | 454/9 | €202 | €1,888 | +€1,686 | +835.7% |
| Other amounts payable | 47/48 | €28,632 | €29,291 | +€659 | +2.3% |
| Remuneration, social security and pensions | 62 | €46,512 | €53,706 | +€7,195 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,928 | €11,756 | +€2,828 | +31.7% |
| Other operating charges | 640/8 | €727 | €787 | +€61 | +8.3% |
| Non-recurring operating charges | 66A | - | €1,703 | +€1,703 | |
| Gross operating margin | 9900 | €171,154 | €258,430 | +€87,277 | +51.0% |
| Operating profit (loss) | 9901 | €114,988 | €190,477 | +€75,489 | +65.6% |
| Financial income | 75/76B | €2,267 | €2,847 | +€580 | +25.6% |
| Recurring financial income | 75 | €2,267 | €2,847 | +€580 | +25.6% |
| Financial charges | 65/66B | €3,273 | €2,960 | -€313 | -9.6% |
| Recurring financial charges | 65 | €3,273 | €2,960 | -€313 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €113,982 | €190,365 | +€76,383 | +67.0% |
| Income taxes | 67/77 | €23,875 | €41,389 | +€17,514 | +73.4% |
| Profit (loss) for the period | 9904 | €90,107 | €148,976 | +€58,869 | +65.3% |
| Profit (loss) for the period to be appropriated | 9905 | €90,107 | €148,976 | +€58,869 | +65.3% |
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 8 October 2026 via checked.be.