V.V.-TEC: what changed
What changed
V.V.-TEC
NACE 43.240, Other construction installation
filed annual accounts (NBB)
Net result for the year
-€54
2024 · €33,518-€33,573
Equity
€1.4m
2024 · €1.4m-€54
Cash
€116,390
2024 · €33,184+€83,206
Balance sheet total
€1.4m
2024 · €1.4m-€14,891
Largest movements
Assets
- Cash +€83,206
up €83,206 (+251%), from €33,184 to €116,390
mainly Current investments (+€74,710) and Receivables within one year (+€32,370)
- Current investments -€74,710
down €74,710 (-27.0%), from €276,293 to €201,583
- Receivables within one year -€32,370
down €32,370 (-19.7%), from €163,913 to €131,543
of which Trade receivables: -€44,892
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€50,287
down €50,287 (-93.7%), from €53,652 to €3,365
- Taxes -€12,612
down €12,612 (-92.2%), from €13,682 to €1,070
- Financial income +€11,894
up €11,894 (+174%), from €6,827 to €18,721
- Depreciation +€7,746
up €7,746 (+94.0%), from €8,245 to €15,991
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€33,518
Gross operating margin
-€50,287
Depreciation
-€7,746
Other operating charges
+€60
Financial income
+€11,894
Financial charges
-€105
Taxes
+€12,612
Result 2025
-€54
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€35,007
Investment
+€48,199
Financing
€0
Cash 2024
€33,184
From operations (derived)
+€35,007
Net result for the year
-€54
Depreciation
+€15,991
Receivables within one year
+€32,370
Deferred charges and accrued income
+€1,537
Provisions
-€968
Trade debts
-€4,292
Tax, wage and social debts
-€5,729
Other debts
-€483
Accrued charges and deferred income
-€3,364
Investment (derived)
+€48,199
Investment in fixed assets (net)
-€26,511
Current investments
+€74,710
Cash 2025
€116,390
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,407,481 | €1,392,590 | -€14,891 | -1.1% |
| Fixed assets | 21/28 | €928,163 | €938,683 | +€10,520 | +1.1% |
| Tangible fixed assets | 22/27 | €168,163 | €178,683 | +€10,520 | +6.3% |
| Land and buildings | 22 | €168,163 | €178,683 | +€10,520 | +6.3% |
| Financial fixed assets | 28 | €760,000 | €760,000 | = | 0.0% |
| Current assets | 29/58 | €479,319 | €453,908 | -€25,411 | -5.3% |
| Amounts receivable within one year | 40/41 | €163,913 | €131,543 | -€32,370 | -19.7% |
| Trade receivables | 40 | €68,967 | €24,075 | -€44,892 | -65.1% |
| Other amounts receivable | 41 | €94,946 | €107,468 | +€12,522 | +13.2% |
| Current investments | 50/53 | €276,293 | €201,583 | -€74,710 | -27.0% |
| Cash at bank and in hand | 54/58 | €33,184 | €116,390 | +€83,206 | +251% |
| Deferred charges and accrued income | 490/1 | €5,929 | €4,392 | -€1,537 | -25.9% |
| Total equity and liabilities | 10/49 | €1,407,481 | €1,392,590 | -€14,891 | -1.1% |
| Equity | 10/15 | €1,352,032 | €1,351,977 | -€54 | 0.0% |
| Contributions | 10/11 | €674,789 | €674,789 | = | 0.0% |
| Reserves | 13 | €176,492 | €176,438 | -€54 | 0.0% |
| Non-distributable reserves | 130/1 | €3,123 | €3,123 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,123 | €3,123 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,469 | €53,560 | -€2,908 | -5.2% |
| Distributable reserves | 133 | €116,900 | €119,754 | +€2,854 | +2.4% |
| Profit (loss) carried forward | 14 | €500,750 | €500,750 | = | 0.0% |
| Provisions and deferred taxes | 16 | €3,013 | €2,045 | -€968 | -32.1% |
| Deferred taxes | 168 | €3,013 | €2,045 | -€968 | -32.1% |
| Amounts payable | 17/49 | €52,437 | €38,569 | -€13,868 | -26.4% |
| Amounts payable within one year | 42/48 | €19,659 | €9,155 | -€10,504 | -53.4% |
| Trade debts | 44 | €7,296 | €3,004 | -€4,292 | -58.8% |
| Suppliers | 440/4 | €7,296 | €3,004 | -€4,292 | -58.8% |
| Taxes, remuneration and social security | 45 | €11,880 | €6,152 | -€5,729 | -48.2% |
| Taxes | 450/3 | €9,121 | €3,249 | -€5,873 | -64.4% |
| Remuneration and social security | 454/9 | €2,759 | €2,903 | +€144 | +5.2% |
| Other amounts payable | 47/48 | €483 | €0 | -€483 | -100% |
| Accrued charges and deferred income | 492/3 | €32,777 | €29,413 | -€3,364 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,245 | €15,991 | +€7,746 | +94.0% |
| Other operating charges | 640/8 | €5,841 | €5,781 | -€60 | -1.0% |
| Gross operating margin | 9900 | €53,652 | €3,365 | -€50,287 | -93.7% |
| Operating profit (loss) | 9901 | €39,566 | -€18,407 | -€57,974 | |
| Financial income | 75/76B | €6,827 | €18,721 | +€11,894 | +174% |
| Recurring financial income | 75 | €6,827 | €18,721 | +€11,894 | +174% |
| Financial charges | 65/66B | €161 | €266 | +€105 | +64.9% |
| Recurring financial charges | 65 | €161 | €266 | +€105 | +64.9% |
| Profit (loss) for the period before taxes | 9903 | €46,232 | €47 | -€46,184 | -99.9% |
| Transfer from deferred taxes | 780 | €968 | €968 | = | 0.0% |
| Income taxes | 67/77 | €13,682 | €1,070 | -€12,612 | -92.2% |
| Profit (loss) for the period | 9904 | €33,518 | -€54 | -€33,573 | |
| Transfer from tax-exempt reserves | 789 | €2,908 | €2,908 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,427 | €2,854 | -€33,573 | -92.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.