V & V TECHNICS: 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 & V TECHNICS
Largest movements
- Receivables within one year +€159,526
up €159,526 (+65.0%), from €245,298 to €404,825
of which Trade receivables: +€159,745
- Tangible fixed assets -€66,787
down €66,787 (-15.3%), from €435,794 to €369,007
of which Plant, machinery and equipment: -€34,817
- Cash -€43,832
down €43,832 (-98.3%), from €44,574 to €742
mainly Receivables within one year (-€159,526) and Debts after one year (-€90,806)
- Other debts +€125,347
up €125,347 (+47.3%), from €264,908 to €390,255
- Debts after one year -€90,806
down €90,806 (-34.7%), from €261,434 to €170,628
- Reserves +€41,551
up €41,551 (+99.4%), from €41,801 to €83,352
- Current portion of long-term debt -€11,349
down €11,349 (-11.3%), from €100,175 to €88,826
- Gross operating margin +€91,750
up €91,750 (+19.7%), from €465,362 to €557,113
- Staff costs -€29,042
down €29,042 (-6.5%), from €447,245 to €418,202
- Financial charges -€6,852
down €6,852 (-32.9%), from €20,843 to €13,991
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 | €895,824 | €949,937 | +€54,114 | +6.0% |
| Fixed assets | 21/28 | €441,532 | €369,007 | -€72,525 | -16.4% |
| Intangible fixed assets | 21 | €5,738 | €0 | -€5,738 | -100.0% |
| Tangible fixed assets | 22/27 | €435,794 | €369,007 | -€66,787 | -15.3% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €254,459 | €219,642 | -€34,817 | -13.7% |
| Furniture and vehicles | 24 | €4,002 | €7,462 | +€3,460 | +86.4% |
| Leasing and similar rights | 25 | €149,639 | €120,003 | -€29,637 | -19.8% |
| Other tangible fixed assets | 26 | €27,693 | €21,900 | -€5,792 | -20.9% |
| Current assets | 29/58 | €454,292 | €580,930 | +€126,638 | +27.9% |
| Stocks and contracts in progress | 3 | €154,771 | €161,863 | +€7,092 | +4.6% |
| Stocks | 30/36 | €154,771 | €161,863 | +€7,092 | +4.6% |
| Amounts receivable within one year | 40/41 | €245,298 | €404,825 | +€159,526 | +65.0% |
| Trade receivables | 40 | €245,079 | €404,825 | +€159,745 | +65.2% |
| Other amounts receivable | 41 | €219 | €0 | -€219 | -100.0% |
| Cash at bank and in hand | 54/58 | €44,574 | €742 | -€43,832 | -98.3% |
| Deferred charges and accrued income | 490/1 | €9,648 | €13,501 | +€3,853 | +39.9% |
| Total equity and liabilities | 10/49 | €895,824 | €949,937 | +€54,114 | +6.0% |
| Equity | 10/15 | €79,301 | €120,852 | +€41,551 | +52.4% |
| Contributions | 10/11 | €37,500 | €37,500 | = | 0.0% |
| Reserves | 13 | €41,801 | €83,352 | +€41,551 | +99.4% |
| Distributable reserves | 133 | €41,801 | €83,352 | +€41,551 | +99.4% |
| Amounts payable | 17/49 | €816,522 | €829,085 | +€12,563 | +1.5% |
| Amounts payable after more than one year | 17 | €261,434 | €170,628 | -€90,806 | -34.7% |
| Financial debts | 170/4 | €261,434 | €170,628 | -€90,806 | -34.7% |
| Amounts payable within one year | 42/48 | €550,142 | €658,457 | +€108,315 | +19.7% |
| Current portion of amounts payable after more than one year | 42 | €100,175 | €88,826 | -€11,349 | -11.3% |
| Financial debts | 43 | €14,239 | €22,861 | +€8,622 | +60.5% |
| Credit institutions | 430/8 | €14,239 | €22,861 | +€8,622 | +60.5% |
| Trade debts | 44 | €76,404 | €69,902 | -€6,502 | -8.5% |
| Suppliers | 440/4 | €76,404 | €69,902 | -€6,502 | -8.5% |
| Taxes, remuneration and social security | 45 | €94,417 | €86,614 | -€7,803 | -8.3% |
| Taxes | 450/3 | €26,999 | €34,867 | +€7,868 | +29.1% |
| Remuneration and social security | 454/9 | €67,418 | €51,747 | -€15,671 | -23.2% |
| Other amounts payable | 47/48 | €264,908 | €390,255 | +€125,347 | +47.3% |
| Accrued charges and deferred income | 492/3 | €4,946 | €0 | -€4,946 | -100.0% |
| Remuneration, social security and pensions | 62 | €447,245 | €418,202 | -€29,042 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,884 | €79,507 | -€5,377 | -6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €793 | €0 | -€793 | -100.0% |
| Other operating charges | 640/8 | €4,009 | €3,896 | -€112 | -2.8% |
| Gross operating margin | 9900 | €465,362 | €557,113 | +€91,750 | +19.7% |
| Operating profit (loss) | 9901 | -€71,568 | €55,507 | +€127,075 | |
| Financial income | 75/76B | €241 | €35 | -€206 | -85.5% |
| Recurring financial income | 75 | €241 | €35 | -€206 | -85.5% |
| Financial charges | 65/66B | €20,843 | €13,991 | -€6,852 | -32.9% |
| Recurring financial charges | 65 | €20,843 | €13,991 | -€6,852 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | -€92,170 | €41,551 | +€133,721 | |
| Profit (loss) for the period | 9904 | -€92,170 | €41,551 | +€133,721 | |
| Profit (loss) for the period to be appropriated | 9905 | -€92,170 | €41,551 | +€133,721 |
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 11 October 2026 via checked.be.