V2TECHNICS: 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.
V2TECHNICS
Largest movements
- Tangible fixed assets +€97,888
up €97,888 (+98.4%), from €99,477 to €197,364
of which Land and buildings: +€105,280
- Cash -€97,856
down €97,856 (-28.2%), from €346,739 to €248,883
mainly Investment in fixed assets (net) (-€119,284) and Receivables within one year (-€86,292)
- Receivables within one year +€86,292
up €86,292 (+19.1%), from €452,300 to €538,592
of which Trade receivables: +€83,581
- Reserves +€128,861
up €128,861 (+26.3%), from €490,789 to €619,650
of which Distributable reserves: +€128,861
- Debts after one year +€61,295
up €61,295 (+243.9%), from €25,134 to €86,429
- Other debts -€60,546
down €60,546 (-99.8%), from €60,652 to €105
- Trade debts -€59,523
down €59,523 (-15.9%), from €373,767 to €314,244
- Tax, wage and social debts +€24,795
up €24,795 (+247.3%), from €10,026 to €34,820
of which Taxes: +€24,833
- Gross operating margin +€149,898
up €149,898 (+88.9%), from €168,672 to €318,570
- Taxes +€49,548
up €49,548 (+126.6%), from €39,141 to €88,689
- Depreciation -€4,186
down €4,186 (-16.4%), from €25,583 to €21,396
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 | €990,711 | €1,084,508 | +€93,796 | +9.5% |
| Fixed assets | 21/28 | €100,477 | €198,364 | +€97,888 | +97.4% |
| Tangible fixed assets | 22/27 | €99,477 | €197,364 | +€97,888 | +98.4% |
| Land and buildings | 22 | €28,531 | €133,811 | +€105,280 | +369.0% |
| Plant, machinery and equipment | 23 | €37,517 | €44,887 | +€7,370 | +19.6% |
| Furniture and vehicles | 24 | €33,428 | €18,666 | -€14,762 | -44.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €890,235 | €886,144 | -€4,091 | -0.5% |
| Stocks and contracts in progress | 3 | €85,394 | €95,374 | +€9,981 | +11.7% |
| Stocks | 30/36 | €85,394 | €95,374 | +€9,981 | +11.7% |
| Amounts receivable within one year | 40/41 | €452,300 | €538,592 | +€86,292 | +19.1% |
| Trade receivables | 40 | €399,255 | €482,836 | +€83,581 | +20.9% |
| Other amounts receivable | 41 | €53,045 | €55,756 | +€2,711 | +5.1% |
| Cash at bank and in hand | 54/58 | €346,739 | €248,883 | -€97,856 | -28.2% |
| Deferred charges and accrued income | 490/1 | €5,802 | €3,294 | -€2,508 | -43.2% |
| Total equity and liabilities | 10/49 | €990,711 | €1,084,508 | +€93,796 | +9.5% |
| Equity | 10/15 | €496,989 | €625,850 | +€128,861 | +25.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €490,789 | €619,650 | +€128,861 | +26.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €490,789 | €619,650 | +€128,861 | +26.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €493,723 | €458,658 | -€35,065 | -7.1% |
| Amounts payable after more than one year | 17 | €25,134 | €86,429 | +€61,295 | +243.9% |
| Financial debts | 170/4 | €25,134 | €86,429 | +€61,295 | +243.9% |
| Amounts payable within one year | 42/48 | €448,322 | €372,038 | -€76,284 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €3,867 | €14,407 | +€10,541 | +272.6% |
| Financial debts | 43 | €10 | €8,461 | +€8,450 | +80553.5% |
| Credit institutions | 430/8 | €0 | €8,432 | +€8,432 | |
| Other loans | 439 | €10 | €29 | +€19 | +176.5% |
| Trade debts | 44 | €373,767 | €314,244 | -€59,523 | -15.9% |
| Suppliers | 440/4 | €373,767 | €314,244 | -€59,523 | -15.9% |
| Taxes, remuneration and social security | 45 | €10,026 | €34,820 | +€24,795 | +247.3% |
| Taxes | 450/3 | €7,548 | €32,380 | +€24,833 | +329.0% |
| Remuneration and social security | 454/9 | €2,478 | €2,440 | -€38 | -1.5% |
| Other amounts payable | 47/48 | €60,652 | €105 | -€60,546 | -99.8% |
| Accrued charges and deferred income | 492/3 | €20,267 | €192 | -€20,075 | -99.1% |
| Non-recurring operating income | 76A | - | €252 | +€252 | |
| Remuneration, social security and pensions | 62 | -€1,790 | €293 | +€2,083 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,583 | €21,396 | -€4,186 | -16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,351 | -€1,351 | -€2,703 | |
| Other operating charges | 640/8 | €2,891 | €4,947 | +€2,056 | +71.1% |
| Gross operating margin | 9900 | €168,672 | €318,570 | +€149,898 | +88.9% |
| Operating profit (loss) | 9901 | €140,637 | €293,285 | +€152,648 | +108.5% |
| Financial income | 75/76B | €251 | €611 | +€360 | +143.4% |
| Recurring financial income | 75 | €251 | €611 | +€360 | +143.4% |
| Financial charges | 65/66B | €6,846 | €5,863 | -€983 | -14.4% |
| Recurring financial charges | 65 | €6,846 | €5,863 | -€983 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €134,043 | €288,033 | +€153,991 | +114.9% |
| Income taxes | 67/77 | €39,141 | €88,689 | +€49,548 | +126.6% |
| Profit (loss) for the period | 9904 | €94,901 | €199,345 | +€104,443 | +110.1% |
| Profit (loss) for the period to be appropriated | 9905 | €94,901 | €199,345 | +€104,443 | +110.1% |
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 11 October 2026 via checked.be.