VA-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.
VA-TECHNICS
Largest movements
- Cash +€16,807
up €16,807 (+73.5%), from €22,869 to €39,675
mainly Net result for the year (+€19,006) and Depreciation (+€468)
- Receivables within one year +€1,598
up €1,598 (+9.9%), from €16,102 to €17,700
of which Trade receivables: +€844
- Reserves +€19,006
up €19,006 (+38.8%), from €49,027 to €68,033
- Tax, wage and social debts -€914
down €914 (-13.2%), from €6,913 to €5,999
- Write-downs +€11,529
no longer reported in 2025 (was -€11,529)
- Other operating charges -€11,497
down €11,497 (-92.3%), from €12,455 to €957
- Gross operating margin -€3,025
down €3,025 (-9.7%), from €31,318 to €28,293
- Financial income +€687
up €687 (+189%), from €364 to €1,052
- Depreciation -€638
down €638 (-57.7%), from €1,106 to €468
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.
Derived cash bridge
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 | €65,265 | €83,570 | +€18,305 | +28.0% |
| Fixed assets | 21/28 | €741 | €273 | -€468 | -63.2% |
| Tangible fixed assets | 22/27 | €741 | €273 | -€468 | -63.2% |
| Plant, machinery and equipment | 23 | €407 | €119 | -€289 | -70.9% |
| Furniture and vehicles | 24 | €333 | €154 | -€179 | -53.8% |
| Current assets | 29/58 | €64,525 | €83,297 | +€18,773 | +29.1% |
| Amounts receivable within one year | 40/41 | €16,102 | €17,700 | +€1,598 | +9.9% |
| Trade receivables | 40 | €11,619 | €12,463 | +€844 | +7.3% |
| Other amounts receivable | 41 | €4,482 | €5,237 | +€754 | +16.8% |
| Current investments | 50/53 | €24,950 | €24,950 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,869 | €39,675 | +€16,807 | +73.5% |
| Deferred charges and accrued income | 490/1 | €604 | €972 | +€368 | +60.9% |
| Total equity and liabilities | 10/49 | €65,265 | €83,570 | +€18,305 | +28.0% |
| Equity | 10/15 | €58,052 | €77,058 | +€19,006 | +32.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,027 | €68,033 | +€19,006 | +38.8% |
| Distributable reserves | 133 | €49,027 | €68,033 | +€19,006 | +38.8% |
| Profit (loss) carried forward | 14 | €2,825 | €2,825 | = | 0.0% |
| Amounts payable | 17/49 | €7,214 | €6,512 | -€701 | -9.7% |
| Amounts payable within one year | 42/48 | €7,214 | €6,512 | -€701 | -9.7% |
| Trade debts | 44 | €301 | €513 | +€213 | +70.8% |
| Suppliers | 440/4 | €301 | €513 | +€213 | +70.8% |
| Taxes, remuneration and social security | 45 | €6,913 | €5,999 | -€914 | -13.2% |
| Taxes | 450/3 | €6,913 | €5,999 | -€914 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,106 | €468 | -€638 | -57.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,529 | - | +€11,529 | |
| Other operating charges | 640/8 | €12,455 | €957 | -€11,497 | -92.3% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €31,318 | €28,293 | -€3,025 | -9.7% |
| Operating profit (loss) | 9901 | €29,287 | €26,805 | -€2,483 | -8.5% |
| Financial income | 75/76B | €364 | €1,052 | +€687 | +189% |
| Recurring financial income | 75 | €364 | €1,052 | +€687 | +189% |
| Financial charges | 65/66B | €1,452 | €1,077 | -€374 | -25.8% |
| Recurring financial charges | 65 | €1,452 | €1,077 | -€374 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €28,200 | €26,779 | -€1,421 | -5.0% |
| Income taxes | 67/77 | €8,062 | €7,773 | -€290 | -3.6% |
| Profit (loss) for the period | 9904 | €20,137 | €19,006 | -€1,131 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,137 | €19,006 | -€1,131 | -5.6% |
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 13 October 2026 via checked.be.